Press Room

PH social enterprise covers 2.5M poor Filipinos – study

Published on: on Nov. 30, 2014

MANILA, Philippines – Social enterprises in the Philippines have covered at least 2.5 million people living below the poverty line, according to a study commissioned by Oxfam. The number, which is more than half of the total government count of poor Filipinos in 2012, could double if government lends a hand in promoting social enterprise, said Marie Lisa Dacanay, president of the Institute for Social Entrepreneurship in Asia.

Giving back to the poor: Why social enterprises matter

Published on: on Nov. 26, 2014

MANILA, Philippines – Poverty amid economic growth; such is the paradox of the Philippines, advocates pushing for social enterprise said. Over 12 million or 55% of families considered themselves poor, the latest Social Weather Stations survey revealed. “Despite our economic growth being stellar, the gap between the rich and the poor has widened,” argued Lisa Dacanay, president of the Institute for Social Entrepreneurship in Asia. Dacanay added that country’s current anti-poverty strategies – inviting foreign direct investments, Pantawid Pamilyang Pilipino Program (4Ps), and the no-corrupt slogan – are ineffective. She believes that social entrerprises (SE) can better “complement” these 3, hence the need to better support them.

Social enterprises: Vehicles for poverty reduction and inclusive growth

Dr. Marie Lisa Dacanay

Published on: on Nov. 24, 2014

Social enterprises with the poor as primary stakeholders have emerged as innovative responses to social problems. One out of four Filipinos continue to live below the poverty line. The Philippines will not be able to achieve by 2015 its commitment to cut in half those who are living on USD1.25/day or the threshold of absolute poverty.

Government aid for local social enterprises sought

Published on: Business Mirror on Nov. 23, 2014 by Jovee Marie de la Cruz

Party-list Rep. Cresente Paez of Coop-Natcco and Institute for Social Entrepreneurship in Asia President Dr. Marie Lisa Dacanay, at a news conference, said that social enterprises with the poor as primary stakeholders have emerged as innovative responses to social problems of the country. 

Perks for social enterprises sought to complement CCT

Published on: Business World Online on Nov. 24, 2014

A BILL pending before the House of Representatives proposes tax breaks and more credit windows for social enterprise programs, subject to the condition that a majority of their profits are channeled to poverty reduction efforts.

Solons seek tax exemptions for social enterprises

Published on: ABS-CBN News on Nov. 24, 2014

Coop-National Confederation of Cooperatives party-list Representatives Cresente Paez and Anthony Bravo, and Ifugao Rep. Teddy Brawner Baguilat Jr. have filed House Bill 1331, which seeks tax exemptions and tax breaks for social enterprises and social investors.

Developing social enterprise: Lessons from Korea

Dr. Kim Jae-Gu

Published on: on Nov. 23, 2014

The social enterprise phenomenon in Korea evolved from a bottom-up movement and a top-down culture. We are experiencing several problems such as aging, polarization, and insufficient high quality jobs resulting from the slowdown of growth in the world economy. Without exception, Korean society’s demands for welfare and employment have intensified while facing problems of increased polarization of wealth. Korea has shown unprecedented growth and has entered the league of the top ten economic powers of the world.

When will our ‘economic growth’ become social progress?

Published on: Philippine Star on Nov. 17, 2014 by BULL MARKET, BULL SHEET By Wilson Lee Flores (The Freeman)

What does it profit our Philippine economy if it grows fast but loses its soul in terms of shortcomings in inclusiveness and social progress, with lots of unresolved challenges like one of ASEAN’s highest unemployment rates, massive poverty, lack of basic social services, ecological dangers, and breakdowns in peace and order?