Philippine economy

14 Charts: What the Government Has Done to Our Pandemic Economy

February 10, 2021

The Philippines needs a much more ambitious COVID-19 economic response than the Duterte administration’s current business-as-usual approach.

CREATE’s three mistakes

February 7, 2021

From a development perspective, the fundamental problem is that CREATE asks the wrong question: what CIT will attract foreign investment? This puts us in a mindless race-to-the-bottom where our fiscal policy is defined by what corporations want rather than what national development and upholding social and economic rights demands.

Inequality in a time of pandemic: perspectives and proposals from the global South

February 5, 2021

The severity of inequality has never been starker during the pandemic. We need to break the barriers of social distancing and isolation to collectively call for urgent proposals, for after all, addressing inequality will start from social solidarity.

Worst unemployment ever

February 5, 2021

On economic decline and passage of CREATE bill

February 1, 2021

Amid soaring public debt, congressional bicameral conference committee passes revenue-losing Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill.

Expansionary fiscal stance more urgent than ever

January 28, 2021

The economy is not just hindered by quarantine restrictions. It is also stifled by the unprecedented loss of informal sector livelihoods and enterprise closures which has contracted household incomes, wiped out savings, and collapsed aggregate demand. These have to be directly addressed.

IBON debunks economic Cha-cha movers’ claims on FDI

January 19, 2021

Charter change proponents claim that removing economic protections against foreign investments is needed for economic recovery. But FDI liberalization will instead have long-term adverse impacts on national economic development.