Govt gives low priority to supporting the purchasing power of Filipinos–IBON

Enero 5, 2023

December inflation has pushed the family living wage (FLW) for a family of five to an average of Php1,146 nationwide. The average daily nominal wage of Php404 nationwide is just one-third (35.3%) of the nationwide FLW. In the National Capital Region (NCR), the FLW for a family of five rose to Php1,145. The daily nominal wage in NCR is however not even half (49.8%) this.

The Family Living Wage as of November 2022

Disyembre 6, 2022

Soaring inflation can be tempered—IBON

Nobyembre 4, 2022

The people may find little relief and may be worse off should the Marcos Jr administration stick to its weak response of hiking interest rates and limiting subsidies to address high inflation.

It’s an emergency: Help millions of Filipinos in crisis now

Nobyembre 2, 2022

The government’s spending priorities need to be fixed. Social protection needs to be expanded to help families and sectors in need. It is also never too early to start taking steps to develop the national economy and make Filipinos less vulnerable to external economic shocks.

The family living wage (as of September 2022)

Oktubre 14, 2022

The recent oil price hike contributes to the soaring prices of basic goods and services. Filipino workers are having a hard time keeping up even with a minimum wage hike in June. In the National Capital Region, the minimum wage is barely half (51%) of the Php1,119 estimated family living wage needed by a family […]

Cutting oil taxes will help control inflation

Oktubre 11, 2022

Oil product prices will be lower without oil excise taxes and the 12% VAT. The latest oil price hikes increase the price of gas to as high as Php79.52/liter and of diesel to as high as Php85.79. The oil excise tax and VAT amounts to Php19.54 and Php16.29 for gas and diesel, respectively.

High inflation confirms urgent need for real ayuda

Setyembre 8, 2022

Prices remain high, while ayuda has been slow, lacking and limited to only a few recipients. More increases are projected–it is insensitive and neglectful of the Marcos administration to make huge cuts in the ayuda budget.

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

Agosto 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

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.