Top 10 Billionaires’ wealth grows three times faster than workers’ wages

April 4, 2024

The combined net worth of the 10 richest Filipinos grew by 20% from Php1.9 trillion to Php2.3 trillion in 2024. This was concentrated in the 3 richest billionaires whose wealth grew almost four times as much as the others in the Top 10.

Tax the super-rich

August 15, 2023

NEWS ANALYSIS

Growing billionaire wealth amid increasing poverty, worsening joblessness, and stagnant wages shows that it’s high time for the Marcos Jr administration to heed calls for a wealth tax on the country’s billionaires.

Billionaire tax can fund ayuda and health–IBON

September 27, 2021

The Duterte government’s insistence that it lacks funds for a bigger COVID-19 response does not hold water. Substantial revenues can be raised by taxing the country’s super-rich who can well afford to contribute much more to pandemic response and other needs.

Their Wealth is Tu-Big!

March 21, 2019

Water is a human right and should be a public service. But did you know how much it boosts private profits of the country’s richest oligarchs? JAIME ZOBEL DE AYALA Famously known for their malls and condominiums in urban centers across the country, the Ayala family has interests in many other sectors. This includes privatized […]