Capitalism Upon COVID-19

December 25, 2020

Analysis | The planet’s richest 30 billionaires now own more than the poorest four billion people or over half of the world’s population combined. The world economy is ending 2020 on a bleak note for billions of the working people everywhere.

Money to Vaccinate Everyone for Free

December 22, 2020

Duterte’s Borrowing Binge

December 22, 2020

Php92,190 DEBT PER FILIPINO. Government’s outstanding has reached a whopping Php10 trillion so far under the Duterte administration as of October. With a 108.8 million population and 24.7 million families, each Filipino in effect owes Php92,190 and each Filipino family owes Php405,636. Half of families earn Php22,000 or less monthly – which means that the […]

Record debt under Duterte administration

December 21, 2020

Each Filipino in effect owes Php92,190 and each Filipino family owes Php405,636. The average Filipino family owes as much as it earns in 18 months or over one-and-a-half years.

Ballooning Duterte debt for whom?

December 21, 2020

Infographic | Things aren’t getting beer in 2021. Government will borrow anoher Php3 trillion next year while paying Php1.8 trillion in debt service.

US Military Aid for PH Grows

December 17, 2020

Duterte gov’t fails to meet its human rights obligations amid the pandemic

December 10, 2020

STATEMENT

The country’s poorest and most marginalized are being left behind by the COVID-19 response of the Duterte administration. On the other hand, wealthy creditors are protected and large corporations including foreign investors are getting their profits boosted.

Prices rising, wages buying even less

December 5, 2020

PH labor market rebounding but not recovering – IBON

December 4, 2020

News | The labor market rebounding as lockdown restrictions are eased should not be mistaken as ‘recovery’. More than people returning to work, the term should mean returning to the same levels of employment as before. Recovery can only happen with substantial economic stimulus with sufficient government financial assistance or subsidies to workers affected by the pandemic.