Rollbacks negligible; fuel tax removal more meaningful — IBON

October 10, 2023

NEWS

Recent oil price rollbacks barely offset the several weeks of hikes since early July. Instead of sitting idly by, the Marcos government should get rid of fuel taxes so that oil prices are lower and to curb the domino effect on the already high prices of other goods and services.

More part-timers, unpaid family workers underscores admin’s inability to create quality jobs – IBON

October 6, 2023

The millions-surge in informal work indicates that working Filipinos are going on survival mode as the living crisis intensifies. The Marcos Jr administration’s inability to improve the economy’s capacity to generate meaningful jobs is clearly a failure of policy and government’s economic management.

Faster September inflation sign that gov’t is failing in arresting high prices — IBON

October 5, 2023

NEWS

The 6.1% inflation shows the Marcos Jr administration’s failure to effectively address soaring prices and help poor and vulnerable Filipinos cope.

Govt’s fuel subsidies just bare minimum — IBON

September 13, 2023

The Php4 billion in fuel subsidies that the Marcos Jr administration is set to disburse is not enough relief for Filipinos, especially the poor, who have been burdened by rising oil prices for the past 10 weeks.

Almost three million drop in employed sign of swelling ranks of discouraged workers—IBON

September 8, 2023

Research group IBON said that the 2.8-million collapse in the number of employed persons but small decline in unemployed confirms that many Filipinos have dropped out of the labor force. This is due to the lack of jobs – even work that is self-employed and informal. The group said that this huge increase in discouraged […]

Tax the super-rich

August 15, 2023

NEWS ANALYSIS

Growing billionaire wealth amid increasing poverty, worsening joblessness, and stagnant wages shows that it’s high time for the Marcos Jr administration to heed calls for a wealth tax on the country’s billionaires.

6 consecutive weeks of oil price hikes burden Filipinos

August 15, 2023

Government can make oil products cheaper for Filipinos and moderate the snowball effect on the price of other goods and services by removing fuel taxes.

Three straight quarters slowdown confirms economic decline

August 11, 2023

Growth slowing for three straight quarters confirms economic decline under the Marcos Jr administration. The economic rebound and momentarily fast growth from reopening, which was measured from the worst economic contraction in the country’s history, is over. The economy has returned to its trajectory of slowing growth that started even before the excessive pandemic lock […]

Latest growth figures confirm economy in decline under Marcos Jr

August 10, 2023

The economic managers have lost their last indicator for claiming good economic performance and the economy is clearly losing momentum.