For Ibon, the widening gap between the rich and the poor illustrates best the state of the Philippine economy. The P4-trillion net worth of 40 richest Filipinos is equivalent to the income of 54 million Filipinos.
'If there is change you see it first in the Philippine economy'
By BENJIE OLIVEROS Bulatlat.com A Gmanews.tv report revealed that a million jobs were lost from 2011-2012. The report cited data from the Department of Labor and Employment showing that the number of employed Filipinos went down to 37.668 million in October 2012...
By MARYA SALAMAT
“Aquino’s rhetoric of change and growth cannot hide the reality of worsening conditions, joblessness, poverty and hunger for the majority of our people.” – Kilusang Mayo Uno
By ARNOLD PADILLA Bulatlat.com MANILA -- In 2012, the dominant theme peddled by the Aquino administration was “good governance is good economics”. Malacañang’s hoax is that the “daang matuwid” (righteous path) has created a favorable environment for inclusive...
By bulatlat.com The public deserves better than a selective presentation of facts and figures in the president's first year, and is hoping to be given a whole picture of the state of the nation. This is the challenge for President Benigno "Noynoy" Aquino issued...
By BENJIE OLIVEROS Analysis Bulatlat.com The Arroyo government is once again gloating over the 7.3 percent GDP (Gross Domestic Product) growth for the 1st quarter of 2010. The National Statistical Coordination Board called it a “glorious ending” for the Arroyo...
Independent think-tank IBON Foundation belies Malacañang’s claim of an improving economy, and asks why the palace does not dare to hype the economic figures that really matter to the majority of Filipinos. BY IBON FOUNDATION Posted by Bulatlat Independent...
Prior to the specter of a U.S. recession, the Arroyo government had been making much of the historically unprecedented but unsustainable appreciation of the peso. She’s been crediting it to her fiscal managers and “good economic fundamentals.” But Labog says these...
Addressing the impact of the lowering peso value requires more than the mitigating measures government has so far implemented, including the hedge fund set up by the DBP, and Malacañang’s fiscal stimulus program BY SONNY AFRICA IBON Features Posted by Bulatlat Vol....
Call centers and overseas Filipino workers, both lauded by the Arroyo government as economic winners, are seen to be the worst hit by an anticipated U.S. recession and general slowdown in the world economy. BY IBON FOUNDATION Posted by Bulatlat Vol. VII, No. 50,...
Ratifying the JPEPA at its present unconstitutional form creates the risk that the Philippines will be subjected to legal disputes in international courts and face liability for damages. Under the Vienna Convention on the Law of Treaties, for instance, the...
Experts have described the recession as a "supercrisis", which could be long and deep. Its impact on poor and underdeveloped economies like the Philippines is just starting to unfold. Obviously, emergency employment through a stimulus package as well as labor...
Members of the House Committee on Economic Affairs grilled National Economic Development Agency (NEDA) Director General Ralph Recto over the P330-billion economic stimulus package at a hearing, February 4. The stimulus package, which is much touted by the Arroyo administration, turned out to be a mere repackaging of old programs. Bayan Muna Rep. Teddy Casiño called it a “simulation package”.
The efforts of the Arroyo government to address the impact of the combination of the world economic crisis and the crisis of Philippine society are too little, too inconsequential, and too late. The extent of the crisis requires nothing less than a radical...
The Philippines’ record-high unemployment is considered among the greatest failures of the Arroyo administration and is seen to even worsen this year. BY IBON FOUNDATION Posted by Bulatlat The Philippines’ record-high unemployment is considered among the greatest...
Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis, the Philippines has effectively started to enter a recession. BY IBON FOUNDATION Posted by Bulatlat Even as the administration continues to...
Amid the global slowdown, the House Committee on Economic Affairs is urging Malacañang to be more pro-active in protecting the domestic economy and in re-orienting the economy towards greater self-reliance. The committee report on House Resolution No. 834 calls on...
The proposed amendment in the Constitution seeking to allow the foreign corporations to own land will legitimize the all-out and ongoing exploitation and plunder by foreign corporations of the country’s natural resources. BY IBON FOUNDATION Posted by Bulatlat The...
The more the economy is stagnant, the less its ability to create jobs, the more dependent government becomes on overseas labor deployment. BY THE POLICY STUDY, PUBLICATION AND ADVOCACY (PSPA) PROGRAM Center for People Empowerment in Governance (CenPEG) ANALYSIS...
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