On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development
January 26, 2023
As the House Committee on Constitutional Amendments considers proposed amendments, IBON raises five major points on why economic provisions in the 1987 Constitution should be retained.
January 21, 2023
The binding constraint to steadier progress and development is the outdated faith in market forces. The blindness to the state’s responsibility to intervene will mean worse times in 2023. It will also reopen lockdown wounds that were hidden by last year’s rebound but haven’t really healed yet.
January 16, 2023
The administration’s trip is a self-serving junket at the people’s expense. If Marcos Jr speaks about so-called economic gains, he will be speaking untruths.
December 2, 2022
Something’s wrong. We asked for a wealth tax which would have been paid by a few and could have helped the many. Instead, we’re getting a wealth fund which is paid for by the many and will enrich a few.
November 2, 2022
The government’s spending priorities need to be fixed. Social protection needs to be expanded to help families and sectors in need. It is also never too early to start taking steps to develop the national economy and make Filipinos less vulnerable to external economic shocks.
October 20, 2022
The world economy is faced with converging crises – high debt levels, food and fuel inflation, weakening currencies, and a climate emergency that makes the planet’s very future uncertain. It’s a perfect storm for everyone, but it is having a disproportionate impact on poor countries and their poor populations.
October 8, 2022
The first 100 days are arguably the most crucial moment to make a break from the past – not just from the past administration but from poverty, inequality and underdevelopment. The Marcos Jr administration failed to do anything with this moment and, if anything, confirmed that it is unable to even imagine any real fundamental change.
October 6, 2022
The Philippine peso has been hitting record low after record low. This will be among the main drivers of accelerating domestic inflation which will burden Filipinos with rising prices of basic needs on top of their floundering incomes and earnings.
October 5, 2022
The real success of Marcos Jr’s trip to the US was the rehabilitation of his family’s justifiably tarnished name and rebuilding foreign policy bridges that former Pres. Duterte burned. However, the trip did not really bring back anything beneficial for the people especially in terms of solving the country’s long-standing economic crisis.