A new study revealed that the economic, health, and education inequalities, compounded by the disasters and crises, are pushing Filipinos further into disparity. This deepening inequality positions the Philippines as the 15th most unequal country globally and with the starkest divide in Southeast Asia.

Disasters are life-shattering, but their effects are not the same for everyone. They are true breaking points for people with low incomes and high levels of vulnerability. 

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created globally since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.

G20 countries are receiving $136 million every day in debt repayments from the world’s poorest countries at a time when up to 828 million people are facing hunger. The “cost of living” crisis is more accurately a “cost of profit” crisis – of rising billionaire wealth and corporate mega-profits – that is driving up poverty, hunger, […]

Half of the poorest countries saw health spendings drop despite the pandemic, while 95 percent of all countries froze or even lowered taxes on rich people and corporates Rich and poor countries alike have exacerbated an explosion of economic inequality since the outbreak of the pandemic from 2020, reveals new research by Oxfam and Development Finance […]

As the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion dollars every two days. For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty […]

Local, regional and national Filipino journalists are invited to send two story pitches each. Those with the best pitches will be given a one-time grant of P25,000 to allow them to pursue, write and publish the two stories for their news organization or partner publication. We’ll be supporting four local journalists in producing news features […]

Blog post by Ma. Victoria R. RaquizaMore from Ma. Victoria R. Raquiza The pandemic caught us all by surprise. And since then, we have had to learn and cope and survive for ourselves, our families, and our communities. But, as often observed, a crisis also presents opportunities for us to not just learn, but also to soul search […]

The COVID-19 pandemic has sharpened inequality among vulnerable communities in Asia. Workers in the informal economy, such as factory workers, home-based workers, sex workers, street vendors, transport workers, – many of whom are women – are experiencing job losses and income deprivation leading to hardships. This was the central theme that emerged from the stories […]

The 1,000 richest people on the planet recouped their COVID-19 losses within just nine months, but it could take more than a decade for the world’s poorest to recover from the economic impacts of the pandemic, reveals a new Oxfam report today. ‘The Inequality Virus’ is being published on the opening day of the World […]