IBON executive director Sonny Africa said that the recent credit rating upgrade is not a sign of economic progress and that Malacañang’s enthusiasm is greatly unwarranted. The credit rating upgrade is most of all an assessment of the government’s ability ...
Research group IBON said lower reported official poverty estimates for the first semester of 2018 unfortunately do not necessarily mean that the country’s poverty situation is improving. The group observed that standard of living allowed by the official poverty line ...
Inflation for 2018 is more than double the Duterte administration’s original inflation target for the year and the highest in a decade, research group IBON said. Along with slowing economic growth, this further points to the failure of government’s economic ...
On the release of the November 2018 inflation rate, research group IBON said that prices are still high and rising even with the reported slowdown. This remains a burden on poor families trying to live off low and precarious incomes. ...
Rice tariffication and uncontrolled rice imports will displace rice farmers and worsen food insecurity without solving the problem of expensive rice, research group IBON said. The government is using high inflation to justify rice sector liberalization according to long-standing demands ...
It is not yet a severe economic crisis as such but the accumulation of economic bad news is worrying. It is clear that the fundamentals are unsound and the economy is weakening aside from increasingly vulnerable to a political upheaval ...
By Sonny Africa In a speech before leaders of the Association of Southeast Asian Nations (ASEAN) in Bali, Indonesia, Pres. Rodrigo Duterte said that the country is on an “upward trajectory of growth”. He was echoing the country’s economic managers ...
Due to inflation, the poorest six deciles of Filipino families with monthly incomes ranging from Php7,724 to Php21,119 have suffered income losses of around Php1,455 to Php3,781 from January to August this year. #UpholdPeopleEconomics #IBON40 Read more: https://www.ibon.org/…/government-losing-control-of-economy-ibon/ https://www.ibon.org/…/poorest-60m-filipinos-suffer-income-loss…/
The Duterte administration is losing control over the Philippine economy and the poorest Filipinos are suffering for this, research group IBON said upon the release of the August inflation rate. The greatly accelerating inflation is only the latest in ...
A substantial increase in the minimum wage is necessary and doable as the country’s poorest households are losing income due to escalating inflation, said research group IBON, contrary to the recent claims of an employers’ group. IBON estimates that income ...