IBON Foundation
Unemployment rate eases to pandemic-low of 5-7% | PhilStar
Hunyo 14, 2022
PH among worst performers in Southeast Asia
Hunyo 13, 2022
The government hypes the Duterte legacy but comparing growth, jobs, inflation, trade and debt figures with other Southeast Asian countries shows the Philippine economy as among the poorest performers. This is due not only to its poor COVID response, harsh lockdowns and refusal of economic stimulus but to pre-pandemic mispriorities.
1.3M jobs lost: Fall in number of employed bursts full recovery hype bubble
Hunyo 11, 2022
The incoming finance secretary claims that the economy is on its way to full recovery, but the over one million drop in employed persons in April 2022 proves otherwise.
Real wages fall as inflation spikes
Hunyo 9, 2022
Higher May inflation pushed the real value of wages to even lower levels and is making basic food and transport services even more unaffordable. Inflation far outpaces the outgoing Duterte administration’s wage hikes and wage earners are worse off now than six years ago.
Malampaya and oligarch control
Hunyo 9, 2022
Malampaya had great potential as a stable local source of oil and energy. But the Philippine government has no hand in expanding it, as it has no control over the supply and pricing of oil, which global giants and big local businesses dominate.
Duterte Legacy?
Hunyo 1, 2022
The economy that the Duterte administration painted in its final report was a fantasy. It omitted important numbers that show how it wasn’t an economy that worked for ordinary Filipinos. Download the landscape version of the infographic here.
Rice tariffication led to lost incomes
Mayo 30, 2022
In 2020, rice farmers’ net income per hectare decreased by 30.7% in the dry season, by 37.5% in the wet season, and by 35% on the average as compared to figures in 2018. This translated to substantially lower profitability ratio for the farmers.
