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Poverty, Homelessness, and the Catholic Church in the Philippines (CCP)

In the Philippines Statics Authority (PSA) web site, launched in December 2019, it was acknowledged that “the full year 2018 poverty incidence among population, or the proportion of poor Filipinos whose per capita income is not sufficient to meet their basic food and non-food needs, was estimated at 16.6 percent (17.6 million Filipinos)”.

Meanwhile in 2018, Reuters reported that there have been 4,500,000 homeless Filipinos, wherein 3,000,000 homeless individuals dwell in Manila alone, presumably essentially the most in any metropolis on the earth. In addition, there have been 3,988,000 individuals displaced from their houses as a consequence of pure disasters and violence (Internal Displacement). 

Photo: philstar.com/nation/2019/10/01/1956337/project-homeless-pinoys-launched-quezon-city-today
Photo: philstar.com/nation/2019/10/01/1956337/project-homeless-pinoys-launched-quezon-city-today

Given that these numbers are so large, many Filipinos marvel why that is occurring for the reason that Philippines is dominated by Catholicism; that means that the overwhelming majority of the inhabitants within the Philippines are members of the Catholic Church. This is nonetheless a really legitimate query to ask since many reviews has surfaced throughout the previous years proving that the Catholic Church within the Philippines (CCP) is so vastly wealthy; with it billions value of wealth, to not point out the cash that they’ve collected from 2012, the yr this wealth was publicly uncovered, as much as nowadays. 

In a 2015 report, it was revealed that “one of the richest dioceses in the world is the Archdiocese of Manila”. As of December 29, 2014, the Philippine Stock Exchange (PSE) reported that “the value of stocks of the archdiocese and its subsidiary companies has amounted to more than P30 billion”, with its investments in building, hospitals, banking, mining, meals and drinks, data expertise, vitality, and oil. However, it was additionally reported that the CCP already divested its investments on a few of these firms.

In a 2011 reviews submitted to PSE, it was disclosed that the CCP and different affiliate Catholic teams has invested in firms like Philex Miniing Corporation (PX), Ayala Corporation (AC), San Miguel Corporation (SMC), Phinma Corporation (PHN) and others. Indeed, the CCP is among the largest stockholders of those companies and often known as one of many wealthiest Archdiocese on the earth via its “multi-billion pesos diversified investments locked in shares”. 

Photo: filcatholic.org/philippine-bishops-vow-no-clergy-sex-abuse-cover-ups/
Photo: filcatholic.org/philippine-bishops-vow-no-clergy-sex-abuse-cover-ups/

However, it is usually vital to notice that a few of these firms are unethical and distinction to the teachings of the CCP itself similar to playing, vices, and mining. In addition, a few of these corporations have its data of varied infamous practices in historical past similar to baby labor and different human rights violation. This is the rationale why by June of 2011 additionally, the Archdiocese had divested its share from Philex Mining Corporation. But previous to that, as of January 2011, the Archdiocese had greater than Three million shares on this firm. The Church had additionally invested on Philex Petroleum, a subsidiary of Philex Mining Corporation, and was “number 14 in its list of 100 top stockholders as of April 2014”. But by September 2014, the CCP has stated to have withdrawn from this agency. 

There are extra to this story, for certain. However, as of as we speak nobody is bound but what actually occurred to most of these cash reported although that poverty and homelessness within the Philippines nonetheless stay as what has been acknowledged within the reviews above. If the CCP has integrity and is absolutely involved about serving to the poor and to the well-being of all of the individuals particularly Filipinos on the whole, which what their teachings and the bible are saying, they need to most likely use these cash to resolve the issues of poverty and homelessness within the nation. 

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