TRAIN
2018 inflation highest in 10 years amid slowing growth — IBON
January 4, 2019
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 managers to rein in consumer prices and of its neoliberal policies, such as the Tax […]
2018 Yearender: Are You High? The Economy Isn’t
December 31, 2018
by Sonny Africa Executive Director, IBON Foundation The Duterte administration’s economic managers made some odd statements as the year wound up. Economic planning secretary Ernesto Pernia said “the Philippine economy became stronger and even more resilient than ever”. Finance secretary Carlos Dominguez III insisted on “the soundness of the Duterte administration’s economic development strategy”. Bangko […]
Repeal TRAIN to moderate impact of fuel prices
December 13, 2018
Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON
Poorest 60% of households suffer income loss due to TRAIN
December 13, 2018
Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON
Next fuel excise tax tranche will sustain high prices
December 13, 2018
Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON
Fuel prices would be even lower if not for TRAIN
December 13, 2018
Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON
High prices still burden poor despite inflation slowdown–IBON
December 5, 2018
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. Substantial and longer-term solutions are still needed, said the group. Headline inflation slowed to 6.0% […]
Despite rollbacks, TRAIN makes fuel more expensive–IBON
December 4, 2018
Research group IBON said that even with recent oil price rollbacks, the Duterte administration’s Tax Reform for Acceleration and Inclusion law (TRAIN) increases fuel prices with an inflationary effect burdening the poor more than the rich. IBON pointed out that rollbacks have always been proven to be temporary and stressed that TRAIN’s taxes make fuel […]
TRAIN still inflationary with lifting of fuel excise suspension
November 30, 2018
Research group IBON said that government’s continued implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) means that TRAIN’s taxes will keep raising prices next year and make inflation higher than it should be. The group said that lifting the fuel excise tax suspension shows the Duterte administration’s insincerity and insensitivity in addressing the […]
