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Tag: investments

Slower economy affirms undue hype over credit rating upgrade

May 9, 2019

Sign of unsound economy Slower gross domestic product (GDP) growth during the first quarter of 2019 belies any claim of a healthy Philippine economy. Research group IBON stressed that the Duterte administration’s enthusiasm over the recent credit rating upgrade that the country got is unwarranted. Instead of hailing business-biased programs, government should look to more […]

Charter Change: Renewed blow to sovereignty (IBON Facts & Figures excerpt)

April 22, 2018

The Philippine Congress pushed anew efforts towards amending the 1987 Philippine Constitution… This call for changes in the Charter is the latest among many attempts, seeking to remove the Charter’s nationalist and other progressive economic provisions. Widespread protests and outright resistance from various sectors however deterred legislators from pursuing the changes. Those who are opposed […]

Federalism Cha-cha weakens nationalist provisions–IBON

August 16, 2017

Research group IBON criticized the weakening of nationalist provisions of the 1987 Philippine Constitution in the proposed federalism charter of pro-administration solons. The group said that the insertion of the phrase “unless otherwise provided by law” in portions restricting foreign participation in essential sectors threatens prospects for the Philippine economy to develop independently. Introduced by […]