Inflation slowed but higher prices burden consumers further

August 7, 2023

The cost of basic goods such as rice, vegetables, fish and oil continues to rise and burden millions of poor consumers

Minimum wages today worth less than 34 years ago, even Php164 wage hike not enough–IBON

May 26, 2023

After 34 years the real value of the minimum wage has fallen 28% on average across all regions nationwide. This strengthens the argument for reverting to a nationally mandated wage hike.

The G7 summit: Will Hiroshima deliver the economic interests behind militarism?

May 19, 2023

FEATURES

What the G7 wants and the manner it exacts these are untenable and are only bound to hurt the majority of the world’s populations.

Economic slowdown stresses urgency of boosting household purchasing power with wage hikes, ayuda– IBON

May 14, 2023

The continuing deceleration in household spending from low incomes and high prices is among the biggest factors in the slowdown, and is among issues that the administration can immediately address

Big stimulus bill prioritizing aid more urgent than easing foreign restrictions–IBON

April 18, 2021

Every additional COVID-19 response measure over the meager amounts allotted by the administration will help the country get out of this crisis faster, whereas bills expanding foreign businesses’ profit-making will not be of any help at all.

Second year of slowing growth a wake-up call – IBON

January 24, 2019

Research group IBON said that the second year of slowing growth under the Duterte administration should be enough to jolt it out of its complacency and denial. The downturn in the last two years and the poor prospects in the year to come should be a wake-up call to start to undertake the difficult but […]

Under Duterte, econ slowing and job creation the lowest since after Marcos–IBON

January 16, 2019

Research group IBON said that the economy is slowing under the Duterte administration and that its first two full years registered the lowest level of job creation among post-Marcos administrations. The group said that these obvious signs of the country’s troubled economy should be enough to make the government reconsider its overly market-driven policies. Budget […]

2018 inflation highest in 10 years amid slowing growth — IBON

January 4, 2019

Inflation for 2018 is more than double the Duterte administration’s original inflation target for the year and the highest in a decade, research group IBON said. Along with slowing economic growth, this further points to the failure of government’s economic managers to rein in consumer prices and of its neoliberal policies, such as the Tax […]

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 […]