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.
Tags: Philippine economy
Book Review: Dangerous Waters
‘If there is change you see it first in the Philippine economy’
Loss of one million jobs reveals instability of 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 from 38.55 million in October 2011. It also cited data from the National…
Get real & concrete, candidates told at start of economic briefing, campaign season
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
Elite governance, elite economics: When vaunted growth clashes with reality
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 economic growth. From being the sick man of Asia, the Philippines now brims with vitality. Or so,…
Research Group IBON rated SONA 2010 promises vs performance
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 today by non-government research group IBON. “Pres. Benigno Aquino III’s first…
Benjie Oliveros | One Economy, Different Views
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 administration. The last time it registered a 7 percent GDP growth was in 2007: 7.5…
Despite P330-B Stimulus Package, Job Losses to Hit Around 1.2 M in 2009
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 flexibilization and export will not do the trick. A total overhaul of the economy’s orientation…
Stimulus Package Mere Recycling, Misleading – Solons
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”.
Too Little, Too Inconsequential, Too Late
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 restructuring of the economy of the country; and only the Filipino people,…
10.7 M Jobless Filipinos in 2008: Record Joblessness Among Arroyo Government’s Greatest Failures
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 failures of the Arroyo administration and is seen to even worsen this year. Estimates made by IBON put…