Tag: Philippine economy
The world’s converging crises: How did we get here?
Oktubre 20, 2022
The world economy is faced with converging crises – high debt levels, food and fuel inflation, weakening currencies, and a climate emergency that makes the planet’s very future uncertain. It’s a perfect storm for everyone, but it is having a disproportionate impact on poor countries and their poor populations.
Marcos Jr’s first 100 days: The truth is out
Oktubre 8, 2022
The first 100 days are arguably the most crucial moment to make a break from the past – not just from the past administration but from poverty, inequality and underdevelopment. The Marcos Jr administration failed to do anything with this moment and, if anything, confirmed that it is unable to even imagine any real fundamental change.
Upper middle-income status: A smokescreen for underdevelopment
Setyembre 30, 2022
Does getting an upper middle-income designation really mean the Philippines and its people are achieving genuine development? Or is it just another label being hyped by the Marcos Jr administration to project economic success while hiding a troubled economy and the millions of Filipinos being left behind?
IBON Executive Director on Marcos Jr’s speech to the 77th UN General Assembly
Setyembre 22, 2022
The gall to talk about ‘historical injustice’ and ‘inequalities and inequities’ is however exceptional
Smallest budget increase in 20 years
Setyembre 6, 2022
Despite a slowing economy that urgently needs stimulus for recovery, the proposed 2023 national budget gets the least increase in 20 years and mirrors the mispriorities of the Marcos Jr administration. The President and Vice President’s offices for instance get hefty increases as do infrastructure, debt servicing and defense. But crucial service-oriented areas such as […]
2023 Budget Cuts and Increases
Setyembre 6, 2022
Despite a slowing economy that urgently needs stimulus for recovery, the proposed 2023 national budget gets the least increase in 20 years and mirrors the mispriorities of the Marcos Jr administration. The President and Vice President’s offices for instance get hefty increases as do infrastructure, debt servicing and defense. But crucial service-oriented areas such as […]
Lower labor budget despite new agency
Setyembre 6, 2022
Despite a slowing economy that urgently needs stimulus for recovery, the proposed 2023 national budget gets the least increase in 20 years and mirrors the mispriorities of the Marcos Jr administration. The President and Vice President’s offices for instance get hefty increases as do infrastructure, debt servicing and defense. But crucial service-oriented areas such as […]
With among the highest joblessness and inflation in Southeast Asia, PH needs bold econ reforms–IBON
Hulyo 20, 2022
The Philippines has among the highest unemployment and inflation rates in the region, underscoring the country’s worsening conditions and the urgent need for radical economic measures.
