Philippine economy
Inflation worsening: Gov’t should act fast as households’ incomes hemorrhage
October 5, 2018
Research group IBON said that inflation has not tapered off as government projected but has accelerated in September, highlighting government’s continued neglect in addressing rapidly rising prices of goods and services. The group said that government continues to push failed neoliberal measures, while feigning concern for Filipino families struggling with a quickly falling purchasing power. […]
Dubai crude trigger price to suspend TRAIN oil taxes already reached, IBON observed
October 4, 2018
The government is already obliged to start considering suspension of its oil excise taxes as provided for under the Tax Reform for Acceleration and Inclusion (TRAIN) law, said research group IBON. The group said that oil prices have in effect already reached the trigger price for suspending excise taxes as provided in Republic Act 10963 or […]
Infographic: Large Dams Under the Flagship Infrastructure Projects of the Duterte Administration
October 4, 2018
Eight large dams are targeted for construction under the Duterte administration’s flagship infrastructure projects. These dams pose a threat to communities such as displacement and flooding. The cost for building them will also be passed onto consumers through taxes and high water and electricity rates. Read more: https://bit.ly/2yjISwz
The Tale of a China-funded Dam
October 3, 2018
Read more: http: https://www.ibon.org/2018/09/no-to-large-dams-mwss-water-security-roadmap-may-cause-more-insecurity-wpn/
Poor and middle class burdened most by TRAIN’s oil taxes
October 3, 2018
The higher oil excise taxes of the Duterte administration’s Tax Reform for Acceleration and Inclusion (TRAIN) is a greater burden on the poor and middle class than the rich, said research group IBON. The poor and middle class, even those few with gains from personal income tax cuts, will suffer cuts in their standard of […]
Govt anti-inflation measures inadequate and anti-agriculture
October 2, 2018
Research group IBON said that the Duterte administration’s anti-inflation measures are reckless stop-gap measures that will ironically harm domestic agriculture, displace farmers and fisherfolk, and worsen food insecurity. The group also said that the government should use its vast authority to take much more decisive steps to reduce inflation. President Duterte issued Administrative Order (AO) […]
4th Industrial Revolution: Change is coming?
September 25, 2018
by Sonny Africa Constant technological progress invariably showcases the huge creative potential of people and the immense possibilities to build a society without poverty. We all aspire to a society that continuously improves everyone’s well-being and that is within the planet’s ecological capacity. Outside of abhorrent weapons technology, new technology is always exciting for its […]
Rate hike for Maynilad customers approved: Looming increase in water rates to burden consumers more
September 14, 2018
Amid soaring prices, the MWSS Board of Trustees has given the nod to higher water rates for Maynilad Water Systems Inc. This and impending Manila Water Company, Inc. rate increases are bound to burden consumers anew, said water rights group Water for the People Network (WPN). WPN urged the Metropolitan Waterworks and Sewerage System-Regulatory Office […]
295,000 jobs lost since Duterte assumed office, IBON maintains
September 13, 2018
Research group IBON stood by its estimates that close to 300,000 jobs were lost since the start of the Duterte administration, that has been downplaying the fact. The group stressed this after Employers’ Confederation of the Philippines (ECOP) honorary chair Sergio Ortiz-Luis said that IBON’s description of jobs lost is “deceiving”. Ortiz-Luis reportedly said that […]
