The national debt is equal to 48 percent of the 6.8-percent GDP in the first quarter of this year.
Tags: IBON Foundation
“Official unemployment figures do not reflect the discouraged workers or those who have dropped out of the labor force after failing to find work after six months.”
“While there are many reasons for inflation the government only seeks to divert from its direct accountability for TRAIN-induced higher prices by exaggerating the effects of global oil price and the peso depreciation.”
While TRAIN puts more money into the pockets of 5.5 million of the highest-earning 9.1 million households through reduced personal income tax (PIT) and lower estate and donor’s taxes, the price surges in prime commodities and services have begun affecting the overwhelming majority of poor Filipinos without any income tax gains.
The onset of Cha-cha threatens the education sector to the further gain of both local and foreign capitalists.
“What we lost is not just the resources, but what our country could have done to industrialize and provide jobs.”
“The Philippine economy has not developed despite rising foreign investments because domestic economic policy has been biased for foreign investors at the expense of long-run national development.” – Ibon Foundation
“The fight against charter change is not about votes in Congress but about the demands of huge numbers of people gathering and forcing their district representatives not to throw support for charter change.”
This year, private water concessionaires are up for ‘rate rebasing,’ meaning they would substantially increase water rates to pass on the costs of their planned projects, some of which would not be implemented but will be charged to consumers anyway. This is aside from the usual rate increases.
By SONNY AFRICA Ibon Foundation In his state of the nation address (SONA) on Monday, Pres. Noynoy Aquino will likely highlight so-called economic achievements such as the recent economic growth, stock exchange performance, strengthening peso, credit upgrades and the like. These are indicators that are meaningless to the public and only give the appearance of…
By ANNE MARXZE D. UMIL Bulatlat.com MANILA – The Philippines has the most expensive electricity rates in Asia, a study by International Energy Consultants (IEC) showed. The Philippines is also the only country with a privatized power industry and without government subsidy, according to IEC. Main Story: Epira, the culprit behind high power rates a>…