Tag: Philippine economy

On economic decline and passage of CREATE bill

Pebrero 1, 2021

Amid soaring public debt, congressional bicameral conference committee passes revenue-losing Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill.

Expansionary fiscal stance more urgent than ever

Enero 28, 2021

The economy is not just hindered by quarantine restrictions. It is also stifled by the unprecedented loss of informal sector livelihoods and enterprise closures which has contracted household incomes, wiped out savings, and collapsed aggregate demand. These have to be directly addressed.

IBON debunks economic Cha-cha movers’ claims on FDI

Enero 19, 2021

Charter change proponents claim that removing economic protections against foreign investments is needed for economic recovery. But FDI liberalization will instead have long-term adverse impacts on national economic development.

2020 Yearender: Economic lessons from Jose Rizal

Disyembre 30, 2020

The worst economic collapse in Philippine history and in Southeast Asia is mainly due to the government’s stumbling pandemic response and lackluster economic measures in 2020. If, again, there is more bluster than action in 2021 then real recovery will be much farther away than it should be.

PH labor market rebounding but not recovering – IBON

Disyembre 4, 2020

News | The labor market rebounding as lockdown restrictions are eased should not be mistaken as ‘recovery’. More than people returning to work, the term should mean returning to the same levels of employment as before. Recovery can only happen with substantial economic stimulus with sufficient government financial assistance or subsidies to workers affected by the pandemic.

Govt stinginess worsens Filipinos’ suffering and PH economic collapse

Nobyembre 10, 2020

Statement | Months into the worst economic collapse in the country’s history, the Duterte administration’s obsession with creditworthiness and the myth of a fundamentally strong Philippine economy is preventing it from taking the measures needed for real and rapid recovery.