Slow 1st Quarter Growth Indicates Year-End Target Unlikely To Be Met

May 30, 2011

The government should not merely bank on PPP-driven infrastructure, multi-million cash dole outs, global economic recovery and the supposed “business and consumer” trust in government to achieve meaningful growth. The slow 4.9% growth in the gross domestic product (GDP) in the first quarter shows how the relatively high growth in 2010 was mainly a rebound […]

Economic sovereignty at risk with looming E.U. free trade deal

May 25, 2011

Filipinos have witnessed their livelihood and social welfare deteriorate from decades of free trade Trade officials will reportedly begin consultations among stakeholders for the proposed bilateral free-trade agreement (FTA) with the European Union (EU), but research group IBON urged government not to abandon the country’s right to implement key development policy in favor of EU […]

P13-wage increase insufficient: Inflation erodes NCR minimum wage to only P235

May 6, 2011

An increase of Php18.50 will merely restore the value of the minimum wage to its real value upon the start of the Aquino administration of Php243.50 The Php13-wage hike proposed by employers is not enough to even restore the real wage to its June 2010 level, said research group IBON, adding that inflation has eroded […]

Big Three’s profits more than combined income of country’s poorest families

May 5, 2011

IBON reiterates its position against the oil deregulation policy because it encourages such wanton profiteering at the expense of Filipino consumers. The profits of the Big Three oil firms are rising as rapidly as the increasing oil prices, with a record of at least Php141.7 billion in profits in the last decade. This is more […]

No more P25/kl rice in the market: Rice price monitoring group urges halt to NFA privatization

May 3, 2011

It also yielded a unity pact by participants, one urgent demand of which is bringing back to the market the Php18.25 per kilo NFA rice and increasing the NFA’s palay procurement by restoring its budget of at least Php8 million Ph Bantay Bigas, a rice price monitoring group comprised of rice industry multistakeholders recently urged […]

Repeal of VAT on oil not bad for economy

April 20, 2011

Repealing the value-added tax (VAT) on oil will actually even spur economic growth while mitigating the effects of oil prices on ordinary Filipinos. Research group IBON disputed claims of some economists that repealing the value-added tax (VAT) on oil will hurt the economy, saying that it will actually even spur economic growth while mitigating the […]

Raising minimum wage by P40 or less will be smaller than what GMA granted

April 20, 2011

A significant wage hike would go far in making the Aquino government’s promise of change from previous administrations more concrete. As government deliberates on a minimum wage increase, research group IBON said that granting a Php40-wage hike would just bring the real value of workers’ wages to the highest it was under the Arroyo administration. […]

NCR wages only 2/5 of cost to live decently: gov’t urged to raise wages to decent level

April 18, 2011

Daily minimum wage in Metro Manila has dropped to only about 41% of the amount needed for decent living Amid calls for a wage increase, research group IBON says that the daily minimum wage in Metro Manila has dropped to only about 41% of the amount needed for decent living. This is less than the […]

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 […]