WEALTH DISTRIBUTION IN PH UNDER PNOY: SY, TAN still LEAD FORBES PH RICH LIST
Sy, the 88-year-old founder of the soon-to-be Southeast Asia's largest property firm, saw his fortune SWELL by $2.9B this year to $12 billion, or about P522.36 billion. Meanwhile, Tan, the 79-year-old chairman of flag-carrier Philippine Airline (PAL), is the country's second richest person with $7.5-billion fortune and this year's BIGGEST gainer with his $3B INCREASE in net worth.
the other side of the coin:
INQUIRER: Philippines FAILING to tackle RAMPANT POVERTY
NSCB: The RECORDED POVERTY INCIDENCE for the first half of 2012 was 27.9 PERCENT.
Sy, the 88-year-old founder of the soon-to-be Southeast Asia's largest property firm, saw his fortune SWELL by $2.9B this year to $12 billion, or about P522.36 billion. Meanwhile, Tan, the 79-year-old chairman of flag-carrier Philippine Airline (PAL), is the country's second richest person with $7.5-billion fortune and this year's BIGGEST gainer with his $3B INCREASE in net worth.
the other side of the coin:
INQUIRER: Philippines FAILING to tackle RAMPANT POVERTY
NSCB: The RECORDED POVERTY INCIDENCE for the first half of 2012 was 27.9 PERCENT.
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