October 29, 2020
NEWS | The systematic use of public funds to support private oligarch wealth is among the reasons for 12 Philippine real estate developers to be counted among Forbes’ World’s Billionaires list
October 18, 2020
“The Philippines should not have to be counted among the top countries with moderate to severe food insecurity and high levels of malnutrition as per the food and Agriculture Organization (FAO) had the government not abandoned and liberalized agriculture.” – Rosario Guzman, in The Role of Consumers in Agroecology forum
October 17, 2020
The agriculture sector’s annual growth was only at 2.1% on average in 2017-2019, and its share in the economy has reached its smallest in Philippine history at 7.8% of GDP in 2019.
October 15, 2020
The government should prioritize subsidizing small jeepney drivers and operators and at least postpone costly infrastructure projects that are less urgent because of the pandemic.
October 14, 2020
Using COVID-19 as an excuse, the Duterte administration is on the biggest borrowing spree in the country’s history. It is set to borrow in its six years nearly as much as the five administrations before it did over 31 years. Its gross borrowings are set to reach Php3 trillion in 2020 aside from another Php3 trillion in 2021.
October 14, 2020
The corporate onslaught on agriculture, Filipino producers and consumers has to be thwarted for local production systems to break free from big business and foreign profit-driven objectives. Philippine agriculture can then flourish and contribute to the nation’s needs and development through ecologically sound, scientific and sustainable practices.
October 12, 2020
DEBT IS SOARING. The Bureau of the Treasury recently reported that national government’s outstanding debt reached Php9.6 trillion as of August 2020. This isn’t the end of it though, as debt is projected to reach Php10.2 trillion by the end of 2020, then Php12 trillion in 2021, and Php13.7 trillion in 2022.
October 11, 2020
Features | President Duterte has reportedly ordered a review of loan agreements to determine if any are onerous and disadvantageous to the Filipino people. Yet the Kaliwa Dam project which has come under fire for its unfavorable Chinese loan agreement has already started.