“What we lost is not just the resources, but what our country could have done to industrialize and provide jobs.”
Tags: IBON Foundation
“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>…
By Pat Rey Lara Bulatlat.com In all honesty, I find Economics boring. From GNP to Inflation, the terms give me a headache. Some people are lucky enough to get along with Economics and unfortunately, not me. Just consider me as a confused and curious teenager trying to figure out or somehow understand how economics and…
By INA ALLECO R. SILVERIO
“Since July 2010, skyrocketing commodity prices coupled with stagnant wages have eroded workers’ wages in lightning speed, which is unmatched by the previous administration,” said EILER executive director Anna Leah Escresa.
The 1986 People Power uprising created a moment of national unity and international credibility that could have been the starting point of real economic progress. By SONNY AFRICA / Ibon Foundation / bulatlat.com
By INA ALLECO R. SILVERIO
A new poverty index that reconfigured the method of determining the extent of poverty in the Philippines has been criticized as deceptive and can be exploited by the government to declare that life has become better under the Aquino administration, critics said the other day.
Media Release There is a marked increase in the 2011 national government (NG) budget submitted to Congress, making the proposed budget alarmingly patronage-rich, says research group IBON. The Priority Development Assistance Fund (PDAF) in the proposed 2011 budget has increased by Php13.9 billion or 128.5% from Php10.9 billion in 2010 to Php24.8 billion. According to…