Twenty senators recently signed the resolution for the ratification of the Regional Comprehensive Economic Partnership (RCEP) even if various sectors reiterated the call to junk it.
Category: Economy & Business
Group fears looming train fare hikes amid crisis
“Private companies always come after big profit margins. Under LRMC’s contract, the government will pay once the corporation is not able to charge a fare hike. This is unclear and anti-people,” said Bayan.
Price hikes, record-high inflation mark the start of 2023 for Filipinos
There seems to be no end in sight just yet for the increasing food prices in the Philippines, with the country’s poor bearing the brunt of it.
Groups urge DA to take over Batangas sugar mill
The call comes from concerns of “possible bankruptcy of 4,584 sugarcane planters [and] less work for more than 10,000 sugarcane field workers.”
#NoGoldenEra | Marcos Jr.’s economic plan to amass wealth for a few
One of the legacies of the Marcos Sr. dictatorship is how it blatantly used the state and bureaucracy to plunder the economy and enrich itself and its favored elite, including foreign interests. Marcos. Jr., with his economic blueprint, is setting the stage to do the same.
Food advocates say wage hike needed to urgently address inflation
“The supervening event of a very high inflation is enough reason to raise the wages of workers, salaries of employees and livelihoods of [Filipinos].”
The poor cuts down on staples as price hikes continue
When asked about the country’s inflation rate, Jemelie Polinar, a mother of three, let out a sigh as she picked the freshest yet cheapest squash. “To be honest, I don’t know anything about those numbers. What I know is that the poorest of the poor are suffering the most. This is our daily reality, from the increased transportation costs to the food we need.”
Agri budget not enough for food producers; subsidy sought
Farmers said Marcos Jr’s decision to give priority to debt servicing and infrastructure during this period of worsening food crisis is telling of what’s in store for Filipinos in the next six years.
Filipino farmers can feed the nation but…
“What follows the food crisis will be the worsening hunger of the people.”
Filipinos seek concrete reforms as 2022 elections near
Dev’t groups say Filipinos are seeking tangible solutions, looking at the upcoming election as a turning point for democracy and development.
Progressives say ‘Public Service Act’ won’t give much-needed economic recovery
Ibon Foundation executive director Sonny Africa said that foreign direct investments are not “some kind of magic bullet for development.”