News
Businessmen cashing in on Metro Manila Reclamation project–IBON
February 21, 2019
Research group IBON said that the Manila Bay reclamation project under the Build, Build, Build program is a profit-led infrastructure plan that will mainly benefit big business. The group said that contrary to government claims, the project will displace nearby communities from their homes and livelihoods and destroy the environment. The Manila Bay Reclamation project […]
Fuel prices cheaper than in 2018 if not for TRAIN
February 14, 2019
Research group IBON said that the fuel prices would be cheaper now than in 2018 without the Tax Reform for Acceleration and Inclusion (TRAIN) law. The group said that TRAIN’s additional excise taxes have prevented Filipinos from feeling the benefits of lower global oil prices. Filipinos face even higher prices with the implementation of the […]
High prices, flat real wages remain despite lower inflation – IBON
February 5, 2019
Research group IBON said that the lower inflation figure for January 2019 is welcome, but stressed that prices are still higher compared to last year. Real wages have been stagnant for more than a decade and high prices remain a burden for most Filipino families, said the group. Headline inflation for January 2019 is at […]
Second year of slowing growth a wake-up call – IBON
January 24, 2019
Research group IBON said that the second year of slowing growth under the Duterte administration should be enough to jolt it out of its complacency and denial. The downturn in the last two years and the poor prospects in the year to come should be a wake-up call to start to undertake the difficult but […]
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 […]
