January 28, 2021
The economy is not just hindered by quarantine restrictions. It is also stifled by the unprecedented loss of informal sector livelihoods and enterprise closures which has contracted household incomes, wiped out savings, and collapsed aggregate demand. These have to be directly addressed.
January 23, 2021
A substantial wage hike remains just and necessary even amid the pandemic economic shock. It is incumbent on the government to come up with schemes to enable a wage hike that increases incomes of low-income households and which will also stimulate aggregate demand in the economy. This can include mandating higher wages while giving wage subsidies to micro, small and medium enterprises (MSMEs)
January 23, 2021
It is important that the government acknowledge the enormity of the public health and economic crisis. This is necessary for the vital shift in attitude from business-as-usual to undertaking urgent COVID-19 response and long-term reforms.
January 19, 2021
Charter change proponents claim that removing economic protections against foreign investments is needed for economic recovery. But FDI liberalization will instead have long-term adverse impacts on national economic development.
January 13, 2021
The economy’s development lies in using the protections in the Constitution to gain from foreign investment, not in taking away the protections and giving self-interested foreign investment free rein over the domestic economy.
January 5, 2021
In the face of soaring prices, joblessness and meager incomes, emergency cash subsidies for the poorest Filipinos and support for small businesses need to be increased substantially. Distribute Bayanihan 2 cash assistance immediately, and a new cash subsidy program to cover several millions of vulnerable citizens should be drawn up.
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.
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.
November 25, 2020
News | The Philippine government’s bias for profit-seeking interests even at the expense of the environment are the root cause of the logging, quarrying and land conversion in Rizal and Cagayan provinces that have caused such devastating floods.