News

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

August 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

With among the highest joblessness and inflation in Southeast Asia, PH needs bold econ reforms–IBON

July 20, 2022

The Philippines has among the highest unemployment and inflation rates in the region, underscoring the country’s worsening conditions and the urgent need for radical economic measures.

IBON joins groups to forward fighting demands to new admin

July 16, 2022

The People’s Agenda and demands are not merely suggestions. These will be at the heart of the people’s continuing fight for accountability and for a comprehensive plan for genuine change.

Persisting jobs crisis belies gov’t claims of growth momentum

July 8, 2022

The increase in May 2022 unemployment and informal work shows that the jobs crisis persists despite government’s opening up of the economy and hype of economic growth.

Marcos should admit 3-year high inflation to propose real solutions — IBON

July 6, 2022

Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.

New admin needs new policies to fix old problems — IBON

June 30, 2022

As the next president is inaugurated and the new administration is ushered in, new policies are desperately needed to fix old economic problems that worsened under the Duterte administration.

1.3M jobs lost: Fall in number of employed bursts full recovery hype bubble

June 11, 2022

The incoming finance secretary claims that the economy is on its way to full recovery, but the over one million drop in employed persons in April 2022 proves otherwise.

Real wages fall as inflation spikes

June 9, 2022

Higher May inflation pushed the real value of wages to even lower levels and is making basic food and transport services even more unaffordable. Inflation far outpaces the outgoing Duterte administration’s wage hikes and wage earners are worse off now than six years ago.

New taxes to pay for Duterte indulgences, not for COVID response—IBON

May 26, 2022

The DOF’s proposed new taxes for the incoming administration are for paying off the Duterte government’s relentless borrowing for its infrastructure and debt servicing fetish, not for much-needed COVID-19 response.