Tatanda Ka Rin: Social Security for Lolo and Lola

February 3, 2016

Hard to imagine that Pres. Aquino and Social Security Service (SSS) officials would have opposed the Php2,000 pension hike if they were low-income senior citizens on the receiving end of meagre SSS pensions By Sonny Africa Manila Archbishop Cardinal Luis Antonio Tagle, at the recently concluded International Eucharistic Congress (IEC) in Cebu City, lamented individualism […]

Passage of PPP Act institutionalizes oligarchic control of economy

February 2, 2016

While stubborn to subsidize social security as seen in president’s veto of pension hike, govt assures businesses of humongous benefits by rushing PPP Act Research group IBON scored the midnight passage of the Public-Private Partnership (PPP) Act on third and final reading in the Lower House of Congress, saying that it deepens elite profiteering from […]

Group says domestic fuel prices may be lowered further

February 1, 2016

Public suspicion that the oil cartel abuses its monopoly on the industry to overprice petroleum products has not settled Amid falling global oil prices, think tank IBON Foundation said that oil companies may be reducing pump prices less than is warranted. IBON observed that the reduction in global oil prices far exceed that in local […]

Government can afford Php2,000 pension hike–IBON

January 30, 2016

Research group says veto due to failure of political will rather than lack of resources Think-tank IBON said that government can very well source funding for the Php2,000 pension hike which President Aquino recently vetoed. Aside from citing the leeway from the improved fiscal situation under the current administration that Malacanang has played up so […]

Economic slowdown likely end of rapid growth – IBON

January 29, 2016

Domestic employment and higher incomes are more sustainable sources of demand and economic growth The economic slowdown may indicate the end to the brief episode of rapid growth, said research group IBON. Unsustainable external growth drivers like low interest rates, overseas Filipino workers earnings and exports are moving adversely, while domestic jobs and higher incomes […]

Under Aquino: Real minimum wage up by only P17 amid huge private profits

January 20, 2016

The gap between the nominal minimum wage and the family living wage grew while big business is reeling in huge private profits Research group IBON said that real minimum wage barely increased under the Aquino administration while big business continues to enjoy billions in private profits. IBON observed that real minimum wage in the National […]

Gov’t unwilling to hike pension but willing to allot big bucks to PPPs

January 20, 2016

2016 national budget retains Php30-billion risk management program which protects private profits Research group IBON criticized the Aquino government for its continuous defense of the President’s veto of the proposed Social Security System (SSS) pension hike. Its refusal to increase support for ordinary pensioners while institutionalizing the allocation of public funds to guarantee corporate profits […]

Presidential bets vow PPP continuity amid business, foreign lobby

January 18, 2016

The PPP program’s fate is one of the main concerns of the business community as the country transitions from the current administration to the next by Arnold Padilla IBON Features – Some of those challenging the incumbent regime in the coming polls have raised issues on the public-private partnership (PPP) program. This as the Aquino […]

Review FTA policy before entering new ones, govt urged

January 13, 2016

Before entering FTAs, the Philippine government first needs to adopt a new framework that protects and asserts the country’s sovereign right to pursue national and democratic economic development The government’s current strategy of actively seeking free trade agreements (FTAs) to obtain market access and increase foreign investments is reckless and places the country at a […]