Tag: middle class

President Duterte has approved wage subsidy program for middle-class workers: IATF

(Eagle News)–President Rodrigo Duterte has given the go-signal for a wage subsidy program for middle class workers affected by the coronavirus disease 2019 pandemic. Cabinet Secretary Karlo Nograles made the announcement a day after Finance Undersecretary Karl Chua unveiled details of the program aimed at helping around  1.6 million small businesses and their 3.4 million employees. Chua had said the small businesses would be identified through the Bureau of Internal Revenue. Priority would be given […]

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Gov’t unveils P51-billion cash aid for middle class amid COVID-19 crisis

Proposal is for aid to be coursed through small business employers of the middle-class members, govt says (Eagle News)–The Philippine government on Monday, April 13, unveiled a P51-billion cash aid program for the country’s middle class workers employed by small businesses affected by the enhanced community quarantine. Finance Undersecretary Karl Chua said in a televised address with President Rodrigo Duterte that the proposal was to provide the small businesses with the subsidy. The businesses, Chua […]

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Nograles: President Duterte has ordered study on proposal to subsidize middle class, too

(Eagle News)–President Rodrigo Duterte has ordered his economic team to look into the proposal to include the middle-class in the government’s social amelioration program. Cabinet Secretary Karlo Nograles said the President has directed the team led by Finance Secretary Sonny Dominguez to look at ways to source the funds. So far, the national government’s program only includes poor households. Congress has approved P275 billion to fund the government’s response  to the COVID-19 crisis, but President  […]

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Disney works its magic on new Shanghai theme park

by Bill SAVADO SHANGHAI, China (AFP) — The Magic Kingdom comes to the Middle Kingdom this week when Disney opens its first theme park in mainland China, betting the growing middle class will spend big on leisure despite a slowing economy. The $5.5 billion resort, which opens Thursday, features the world’s biggest Disney castle, its blue-topped spires rising above land once occupied by farms and small factories on the outskirts of commercial hub Shanghai. Disney […]

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‘Middle-class Joe’ Biden tells Davos bosses to look after workers

U.S. Vice President Joe Biden criticised modern corporate “short-termism” on Wednesday (January 20) and urged chief executives gathered in Davos to look after their workers as well as their shareholders. Relishing his nickname of “middle-class Joe”, he told delegates at the World Economic Forum annual meeting that the middle classes, the backbone of economies and democracies, now faced unprecedented threats from technological change. “For I believe the underlying question for world leaders, civil society, academia, […]

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