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Tag: manufacturing

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 […]

Yolanda rehab tragedy: Bound for a repeat?

November 9, 2017

Four years after Typhoon Yolanda struck the Visayas region, reconstruction and rehabilitation is still not being felt by many of those in disaster-affected communities. This is because the Philippine government’s approach to recovery and rehabilitation and its measurement of success has been based on an erroneous neoliberal framework that prioritizes big business interests over the […]

Marcos-initiated “globalization” led to PH economic decline

November 26, 2016

  “In 1980, the Marcos regime actually made the Philippines the first country in Asia and the second country in the world, after Turkey, to be at the receiving end of a World Bank structural adjustment loan (SAL). The conditionalities of the US$200 million loan included among others tariff cuts, removal of import licenses and […]