23 Jul '11, 1pm

Philippines's income inequality is highest among ASEAN countries according to a new study by Stratbase Research...

Manila (Philippine Daily Inquirer/ANN) - The gap between the rich and the poor is most pronounced in the Philippines as compared with neighboring Southeast Asian nations, a new study by research and advisory firm Stratbase Research Institute showed. The study noted that the Philippines registered a Gini coefficient of 44 percent last year, higher than Thailand's 42.5 percent, Indonesia's 39.4 percent, Malaysia's 37.9 percent and Vietnam's 37.8 percent. The global ranking was prepared by international group Vision of Humanity using the Gini coefficient, a measure of the inequality of a distribution, as the basis. "Relatively, the Philippines had the highest Gini coefficient among these countries, which means a greater rate of inequality compared to other Southeast Asian countries," explained Stratbase president Victor Andres Manhit. He said this should be addressed as the h...

Full article: http://sg.news.yahoo.com/philippines-leads-income-inequal...

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