Philippine economy

“Louis Vuitton” tax inferior to billionaire wealth tax – IBON

January 19, 2023

A higher consumption tax on luxury goods is desirable but is not a substitute for a wealth tax which can raise far more revenues for social and economic development.

Employment decline belies govt claims of upbeat labor market — IBON

December 8, 2022

The government’s claim of an upbeat labor market is an overstatement that dismisses the significant decline in employment and growing number of discouraged workers.

Celebrating Bonifacio Day by advocating for social transformation

November 30, 2022

We celebrate Bonifacio’s life by emulating what he has done for the country. As teachers, it is our task to teach what heroes like Bonifacio have contributed for the country.

Gov’t growth hype hides worsening situation of ordinary Filipinos — IBON

November 23, 2022

The finance secretary’s recent trumpeting of rapid growth is hype, and in reality the economy and the conditions of ordinary Filipinos have barely even returned to pre-pandemic levels.

PH government violating social and economic rights during and after COVID-19

November 11, 2022

The policies of the Philippine government during and after the onset of the COVID-19 pandemic in 2020 adversely affected the realization of economic, social and cultural rights for the people.

Soaring inflation can be tempered—IBON

November 4, 2022

The people may find little relief and may be worse off should the Marcos Jr administration stick to its weak response of hiking interest rates and limiting subsidies to address high inflation.

The world’s converging crises: How did we get here?

October 20, 2022

The world economy is faced with converging crises – high debt levels, food and fuel inflation, weakening currencies, and a climate emergency that makes the planet’s very future uncertain. It’s a perfect storm for everyone, but it is having a disproportionate impact on poor countries and their poor populations.

Marcos Jr’s first 100 days: The truth is out

October 8, 2022

The first 100 days are arguably the most crucial moment to make a break from the past – not just from the past administration but from poverty, inequality and underdevelopment. The Marcos Jr administration failed to do anything with this moment and, if anything, confirmed that it is unable to even imagine any real fundamental change.