News

Wage increase justifiable, possible

April 14, 2011

The total cost of the proposed wage hike will only be Php135.6 billion which, subtracted from total profits, will still leave establishments with Php759.6 billion in profits. If small and large employers in the Philippines accept a cut in their already-substantial profits, they can afford to grant a sufficient wage increase, according to research group […]

Diesel, gas prices could be cheaper by Php6/liter without VAT; Reverse VAT to ease impact of oil price hikes, gov’t urged

April 6, 2011

Consumers of regular gasoline would have paid o only Php48.26 per liter and not the current Php54.85 without the VAT. Diesel, meanwhile, would have been priced at only Php41.45 per liter without the VAT With the public bearing a new round of oil prices hikes, research group IBON reiterates its call for government to reverse […]

IBON urges progressive specific tax system in place of VAT on oil

March 17, 2011

IBON proposes an improved progressive system of specific taxes on unproductive sectors wherein socially sensitive oil products diesel, LPG, and kerosene are exempted while personal, corporate income and wealth-related taxes are higher. If the Aquino government is seriously looking for measures that would cushion the impact of high oil prices on consumers and the local […]

Gov’t’s revised poverty methodology detached from real situation

February 17, 2011

Use of ‘least cost’ food bundle questioned Research group IBON criticizes government’s new poverty methodology as unreflective of the real situation of poor Filipinos, saying that the adjustments made on the already-flawed methodology has further distorted the picture of poverty in the country. The National Statistical Coordination Board (NSCB) yesterday released official poverty figures based […]

Water rate hike hit; group says increase unjustified, insensitive

January 17, 2011

The new rates mean that households using at least 30 cu. m will see their monthly water bill increase by at least P57.60 to P69 starting in February. The Water for the People Network (WPN) condemns the rate hikes implemented by private water concessionaires in Metro Manila, calling the increases unjustified and insensitive to the […]

New poverty methodology reduces number of poor by 5.3 million

January 11, 2011

Philippine poverty line now pegged at PhP46 per person per day Research group IBON questions the new methodology of the National Statistical Coordination Board (NSCB), saying that it significantly reduces the number of poor Filipinos by some 5.3 million. The approved revisions reflected in the NSCB’s methodology for estimating poverty places the number of poor […]

With 4.16 million jobless, high unemployment still cause for concern for Aquino gov’t

November 29, 2010

The stubbornness of high unemployment and underemployment despite reported third quarter economic growth affirms that joblessness is a serious cause for concern Government’s latest labor force survey pegs unemployment at 2.80 million in October 2010, slightly higher than the 2.72 million reported in the same period last year. However these data could place the number […]

Filipinos to shoulder Php44 billion in CCT loan repayment

November 28, 2010

The increased indebtedness that the CCT program will impose on Filipino taxpayers is further argument against the supposed benefits of the program. Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the […]

3rd Q GDP sharpest drop since 1997 : Economic growth notably slowing amid increasingly poor quality work

November 26, 2010

Once again, the 3rd quarter results affirm why the country cannot and should not rely on external sources of growth. The reported 6.5% growth in gross domestic product (GDP) in the 3rd quarter of 2010 is welcome for still being ositive but is nonetheless worrying for being the sharpest turnaround in quarterly growth since the […]