According to the news “The “lifeline aid” programme, limited to about four million poor households, will see families receive a one-off payment of 500 pesos (13 dollars) to help meet rising electricity costs, Social Welfare Secretary Esperanza Cabral told reporters.” ( Source: Yahoo Asia News )
Although this move is short term and only a remedy, not a cure, at least it’s better than nothing. You can read the whole story here: Yahoo Asia News
Posted by Manuel
Manuel Montala was an online entrepreneur who enjoys blogging about entrepreneurship and gathering information for his blog to help budding entrepreneurs. You can also reach him on twitter: http://twitter.com/mmontala
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as you said if it does reach the poor it is a remedy not a cure. 500 pesos does not bring stability. its jobs that are needed as well as education. its a good thing that our economy is slowly moving towards services industries. this will increase the demand for a qualified labor supply.
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