Tags: IBON Foundation

First quarter of TRAIN: A preview of the worse to come for the poor

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.

Progressive groups call looming water rate hike a robbery

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.

Read also: Metro Manila experience: Poor water service, unjustified rate hike petition

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>…