IBON Foundation

2018 Yearender: Are You High? The Economy Isn’t

December 31, 2018

by Sonny Africa Executive Director, IBON Foundation The Duterte administration’s economic managers made some odd statements as the year wound up. Economic planning secretary Ernesto Pernia said “the Philippine economy became stronger and even more resilient than ever”. Finance secretary Carlos Dominguez III insisted on “the soundness of the Duterte administration’s economic development strategy”. Bangko […]

5 Things to Leave Behind in 2018

December 31, 2018

New Year blues: Inflation-driven water rate hikes to hound consumers

December 29, 2018

Water firms are not yet finished with squeezing higher water rates out of consumers. Advocacy group Water for the People Network (WPN) said that the most recent approval of water rate hikes for implementation this New Year shows that government prioritizes water firms’ profits over minimizing the impact of high inflation on water consumers, particularly […]

Season’s Greetings from the IBON Foundation Family

December 25, 2018

TRAIN 1A Year One: From the Poor to the Rich

December 20, 2018

On the first year of the Tax Reform for Acceleration and Inclusion (TRAIN) 1A, despite aggravating inflation, the Duterte administration refuses to stop collecting taxes on basic consumer needs such as fuel products and sugary beverages – while relieving the richest through lower personal income taxes, estate taxes and donor taxes. Pushing through with additional […]