Difficult times call for bold measures, including giving even more money and resources to social development projects that are designed to help free the majority of Filipinos from the grip of poverty.
According to Manuel V. Pangilinan, chairman of the Philippine Business for Social Progress, the country’s largest corporate-led social development foundation, the global economy is in the middle of a serious crisis and consequently, corporate profitability is adversely threatened.
But this should not prevent the private sector from doing its share in reducing the incidence of poverty in the Philippines. On the contrary, companies should find ways to even increase their funding support for social development. [Read full article...]