“The Duterte administration’s plans for economic recovery revolve around continuing infrastructure projects as the main source of economic stimulus, which actually stalled economic recovery.”
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 Arroyo government’s economic managers to prepare a roadmap and corresponding courses of action and to…
The global financial crunch is actually taking its toll on the Philippine economy affecting all economic sectors; the worse will take effect in 2009, and a slight economic recovery may only be possible in 2010, said UP Professor Dr. Cayetano Paderanga Jr., former Director-General of National Economic Development Authority (NEDA), former Executive Director of the…
If I recall correctly, the very same US Congress that is considering bailing out the big financial corporations that got the economy into its current mess because of their greed and the government’s willingness to forgo any regulation of their doings (and the doings of their sister companies in the energy sector) made it almost…
BY ALEXANDER MARTIN REMOLLINO Bulatlat Two groups opposed to the Japan-Philippines Economic Partnership Agreement (JPEPA) have condemned what they described as the “railroading” of the treaty last night at the Senate. The JPEPA was approved, close to midnight, with a vote of 16-4. Those who voted “Yes” were Senate President Manuel Villar, Senate President Pro-Tempore…
Rating to result in more debts, says think-tank The Philippines’ fiscal crisis remains and could come to a head in 2008 despite the upgrade given by international ratings agency Moody’s Investors Service. The likelihood of this will increase the more adverse impact of the US economy’s troubles on Philippine exports, remittances and financial markets. BY…
The Arroyo administration’s hype over its full-year 2007 economic growth cannot hide its many economic failures. BY IBON FOUNDATION Posted by Bulatlat Vol. VIII, No. 1, February 3-9, 2008 The Arroyo administration’s hype over its full-year 2007 economic growth cannot hide its many economic failures, according to independent think-tank IBON Foundation. Reacting to the administration’s…
An increase in U.S. military assistance results in a corresponding increase in the number of human rights violations. During the Marcos dictatorship, the unprecedented amount of military assistance given to the government went to the persecution of people and mounting human rights violations. This is what is happening also under Arroyo. BY DR. RAINER WERNING…