Philippine economy
Economy loses jobs despite reported growth
June 12, 2017
The recently released labor force survey figures indicate an alarming intensification of the domestic jobs crisis with the economy losing jobs despite reported economic growth, said research group IBON. Reported unemployment and underemployment in the country fell, but so did employment and the size of the labor force – all of which indicate growing distortions […]
PDP 2017-2022: Unchanged Market Fundamentalism (Second of Two Parts)
June 9, 2017
by Sonny Africa The Duterte administration’s public launch of its PDP 2017-2022 on June 2 somewhat coincidentally happened the day after the supposed June 1 end of the fifth round of peace talks between the Philippine government’s peace talks and the National Democratic Front of the Philippines (NDFP). The cancellation of talks by the government […]
Meralco rates 3rd highest in Asia
June 8, 2017
A 2016 survey conducted by the International Energy Consultants showed that the Manila Electric Company or MERALCO has the third highest electricity rates in Asia after Japan and Hong Kong. The same study reported that Meralco consumers spend 4.5% of their disposable income on electricity which is higher than the 3.9% global average.
PDP 2017-2022: Unchanged Market Fundamentalism (First of Two Parts)
June 6, 2017
by Sonny Africa The Duterte administration’s public launch of its PDP 2017-2022 on June 2 somewhat coincidentally happened the day after the supposed June 1 end of the fifth round of peace talks between the Philippine government’s peace talks and the National Democratic Front of the Philippines (NDFP). The cancellation of talks by the government […]
Tax reform should be pro-poor, progressive
June 3, 2017
Research institution IBON said that government should be willing to forge a genuinely progressive tax system instead of adopting one that remains pro-rich. The group said this upon recent Congressional approval of the first part of the Department of Finance’s (DOF) Comprehensive Tax Reform Package (CTRP). Forging a truly progressive tax package is an important […]
Martial law declaration will not help economy–IBON
May 25, 2017
The Duterte administration’s declaration of martial law in Mindanao increases political instability in the country, research group IBON said, and will not help the economy, which is already slowing as it is. While the 1987 Constitution provides for such a declaration, its indiscriminate use gives the impression of an authoritarian government arbitrarily using power for […]
Four reasons why RCEP will be detrimental to Filipino farmers
May 16, 2017
The fight of Filipino peasants such as the farmworkers of Hacienda Luisita and Lapanday Foods Corporation for land, food, and justice, stands to be further undermined once the Philippine government fully accedes to the China-backed mega Free Trade Agreement (FTA) Regional Comprehensive Economic Partnership (RCEP). While the controversial Trans-Pacific Partnership (TPP) was seemingly put […]
RCEP is Undemocratic and Anti-Development
May 11, 2017
IBON Foundation Statement for the Stakeholders’ Meeting of the Trade Negotiating Committee (TNC)18th Round of Negotiations on the Regional Comprehensive Economic Partnership (RCEP) Manila, May 10, 2017 Our countries should not be prevented from implementing real development policies. After over three decades of globalization we need to reclaim our economic sovereignty, not erode this even […]
Reject moves to further weaken investment regulation at RCEP talks – IBON
May 10, 2017
Research group IBON urged Philippine negotiators to reject proposals that may further restrict the policy options of the country in regulating foreign trade and investment. IBON made the appeal as it joined other cause-oriented groups in a dialogue today with trade officials from the Philippines and other countries that are negotiating the Regional Comprehensive Economic […]
