News
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 […]
Real regulation and agri dev’t needed to solve rice woes — IBON
January 7, 2019
Research group IBON said that to truly resolve high rice prices and production concerns, the government should develop domestic rice production and ensure strict monitoring and regulation. With Pres. Duterte poised to sign the Rice Tariffication Bill into law, the group said that the measure is not the solution and only covers up government’s long-time […]
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 […]
High prices still burden poor despite inflation slowdown–IBON
December 5, 2018
On the release of the November 2018 inflation rate, research group IBON said that prices are still high and rising even with the reported slowdown. This remains a burden on poor families trying to live off low and precarious incomes. Substantial and longer-term solutions are still needed, said the group. Headline inflation slowed to 6.0% […]
Despite rollbacks, TRAIN makes fuel more expensive–IBON
December 4, 2018
Research group IBON said that even with recent oil price rollbacks, the Duterte administration’s Tax Reform for Acceleration and Inclusion law (TRAIN) increases fuel prices with an inflationary effect burdening the poor more than the rich. IBON pointed out that rollbacks have always been proven to be temporary and stressed that TRAIN’s taxes make fuel […]
TRAIN still inflationary with lifting of fuel excise suspension
November 30, 2018
Research group IBON said that government’s continued implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) means that TRAIN’s taxes will keep raising prices next year and make inflation higher than it should be. The group said that lifting the fuel excise tax suspension shows the Duterte administration’s insincerity and insensitivity in addressing the […]
TRAIN-1B tax amnesty worsens PH tax inequities
November 27, 2018
The Duterte administration is set to make the country’s tax system even more regressive and inequitable with the looming passage into law of Tax Reform for Acceleration and Inclusion (TRAIN) Package 1B which is yet another tax amnesty package for the rich. Research group IBON said that TRAIN-1B rewards tax delinquents for bad behavior and […]
Rice tariffication will displace rice farmers, worsen food insecurity–IBON
November 22, 2018
Rice tariffication and uncontrolled rice imports will displace rice farmers and worsen food insecurity without solving the problem of expensive rice, research group IBON said. The government is using high inflation to justify rice sector liberalization according to long-standing demands of the World Trade Organization (WTO) and big foreign agricultural exporters. Domestic agriculture should be […]
Beware of onerous China ODA – IBON
November 19, 2018
In its eagerness to raise billions of pesos in funds for its hyped infrastructure program, the Duterte administration is brokering questionable deals with China that could threaten Philippine sovereignty. Research group IBON raised the warning in anticipation of Chinese president Xi Jinping’s upcoming visit to the Philippines. IBON said that a number of agreements between […]
