oil price hike
PH inflation among the highest in Southeast Asia—IBON
May 7, 2023
The Philippine inflation rate has further eased in April after the 14-year high of 8.7% in January, but it will likely remain high and volatile because the government has not taken decisive steps to lower prices.
High inflation confirms urgent need for real ayuda
September 8, 2022
Prices remain high, while ayuda has been slow, lacking and limited to only a few recipients. More increases are projected–it is insensitive and neglectful of the Marcos administration to make huge cuts in the ayuda budget.
Real wages fall as inflation spikes
June 9, 2022
Higher May inflation pushed the real value of wages to even lower levels and is making basic food and transport services even more unaffordable. Inflation far outpaces the outgoing Duterte administration’s wage hikes and wage earners are worse off now than six years ago.
Jobs crisis worsened by fuel price hikes and measly ayuda
March 18, 2022
The huge drop in the number of labor force participants and employed persons from December 2021 to January 2022 is concerning and underscores the country’s precarious jobs situation.
March 18, 2022
IBON Executive Director on economic managers’ proposals to alleviate Ukraine conflict impact
March 9, 2022
The Economic Development Cluster (EDC) proposes to cope with the Ukraine conflict by shifting to Alert Level 1, just Php6.1 billion in fuel subsidies, increasing buffer stocks of oil products, lowering tariffs on food and coal imports, promoting energy conservation, and attracting investments.
Jeepney drivers’ fuel subsidy too little, too late
November 5, 2021
Suspending TRAIN oil taxes will lower oil prices and ease inflation—IBON
October 23, 2021
Suspending oil excise taxes, can ease the burden of rising prices on ordinary Filipinos, and revenue losses can be compensated by suspending corporate tax cuts. These can be the start of a more progressive tax system and a prelude to better regulation and control over the country’s oil industry.
TRAIN suspension, govt transparency and regulation needed to ease OPH burden
February 28, 2019
Research group IBON said that the third consecutive and big-time oil price hike only makes it more urgent for the Duterte administration to stop the oil excise taxes of the Tax Reform for Acceleration and Inclusion (TRAIN). This will lessen the impact of rising oil prices on the poorest families. The group also said that […]