Despite sunny projections from the Marcos administration, the World Bank, and other financial institutions, the Philippine economy is on a continuing trajectory of slowdown unless its growth engines are fundamentally reformed, IBON Foundation said. Headline growth figures mask deep-seated...
Filipinos will have to contend with the sixth consecutive week of price hikes for diesel and gas and the fifth consecutive week for kerosene. The big oil corporations are raising the prices of petroleum products by Php1.50 per liter (/liter) for diesel, Php1.90/liter...
Growth slowing for three straight quarters confirms economic decline under the Marcos Jr administration. The economic rebound and momentarily fast growth from reopening, which was measured from the worst economic contraction in the country’s history, is over. The...
Growth slowing for three straight quarters confirms economic decline under the Marcos Jr administration. Gross domestic product (GDP) has consistently slowed from 7.7% in the third quarter to 7.1% in the fourth quarter of 2022, 6.4% in the first quarter of 2023 and...
NEWS ANALYSIS – The latest June 2023 labor force figures confirm that the economy is still struggling to create decent work, pay and earnings, said research group IBON. This is particularly clear if the results are interpreted against recent surveys which showed...
The Marcos Jr administration can moderate the impact of oil price hikes on millions of Filipinos by scrapping excise and value-added taxes for petroleum products, research group IBON said. The series of oil price hikes imposed by oil companies is an added burden for...
The July inflation rate of 4.7% shows slower price increases but the cost of basic goods such as rice, vegetables, fish and oil continues to rise and burden millions of poor consumers, research group IBON said. This will continue with the oil price, train fare and...
Those of us who still believe that we live in a democracy, just because we have an electoral system, are fooling themselves.
By Minerva Jane San MiguelIBON Foundation “Welcome to Paradise!” This was the phrase I could think of to encapsulate the jam-packed experience, emotions, and viewpoints that came along when my colleagues and I held an overnight visit with the Paradise III community in...
Research group IBON said that the administration cannot claim “favorable labor market performance” because net job creation is overwhelmingly composed of part-time workers and of self-employed and other informal workers.
The country’s agriculture and food situation has been dire in the last couple of decades.
One year after taking the secretary post, the agriculture sector continues to be in shambles on a macroeconomic scale under the leadership of President Ferdinand “Bongbong” Marcos Jr.
By MARK ERNEST FAMATIGAN IBON Foundation In late March, the National Economic and Development Authority (NEDA) revealed the government’s list of 194 priority infrastructure projects, also known as Infrastructure Flagship Projects (IFPs), under the Marcos...