News
Persisting jobs crisis belies gov’t claims of growth momentum
Hulyo 8, 2022
The increase in May 2022 unemployment and informal work shows that the jobs crisis persists despite government’s opening up of the economy and hype of economic growth.
Marcos should admit 3-year high inflation to propose real solutions — IBON
Hulyo 6, 2022
Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.
New admin needs new policies to fix old problems — IBON
Hunyo 30, 2022
As the next president is inaugurated and the new administration is ushered in, new policies are desperately needed to fix old economic problems that worsened under the Duterte administration.
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.
New taxes to pay for Duterte indulgences, not for COVID response—IBON
Mayo 26, 2022
The DOF’s proposed new taxes for the incoming administration are for paying off the Duterte government’s relentless borrowing for its infrastructure and debt servicing fetish, not for much-needed COVID-19 response.
No Moving on When Democracy is Threatened with Elitist, Authoritarian Politics
Mayo 25, 2022
Filipino educators join the mounting calls of concerned citizens, communities and people’s organizations for the COMELEC to not dismiss and instead to seriously investigate reports of fraud, disinformation, disenfranchisement, and vote-buying in the 2022 national elections.
Red-tagging Kontra Daya convenor delusional–IBON
Mayo 20, 2022
It is delusional and malicious to say that these simple capacity-building activities are organized by the Central Committee of the CPP through Arao as alleged
8.3% in Q1-2022 the end of high GDP growth rates
Mayo 12, 2022
While economic growth in the first quarter of 2022 is welcome, this is mainly driven by base effects and election-related spending. Growth is also weak and unsustainable considering the unfavorable jobs market. Things could be even worse depending on how the volatile global economy plays out. This will likely be the last relatively high growth reported, and the next administration will have to make do with weaker growth performance.
