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News

  • SWS: 78% of Filipinos satisfied with PH democracy Almost 8 of 10 Filipino adults are satisfied with the way democracy works in the country, a recent survey by the Social Weather Stations (SWS) showed. The 1Q2018 Social Weather Survey found 78% of adult Filipinos have expressed satisfaction with the way democracy works. However, this was 2 points below the 80% in June 2017, and similar to the 79% in June 2016. The release of the survey coincided with the country’s commemoration of its 120th Independence Day. The SWS March 2018 poll also found 60% of adults who say democracy is always preferable to any other form of government.
  • Japan still PH’s top ODA source Japan remains as the top fund source of official development assistance (ODA) to the Philippines, accounting for at least 37.14%of ODA loans and grants in 2017, data from the National Economic and Development Authority (NEDA) showed. According to the indicative total ODA ranked by fund source as of December 2017, total ODA last year amounted to $14.34 billion. Of this amount, $11.91 billion was accounted for by loans while the remaining $2.43 billion is in the form of grants. The total ODA from Japan alone amounted to $5.33 billion, of which $5.17 billion is accounted for by loans, while $157 million comes in the form of grants. Second in the list is the World Bank with total ODA of $3.07 billion (21.43% share), followed by the Asian Development Bank with $2.67 billion (18.6%), the United States of America with $730.5 million (5.09%), and Australia with $648.7 million (4.52%).

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