Tags: Philippine economy

By BENJIE OLIVEROS Bulatlat.com A Gmanews.tv report revealed that a million jobs were lost from 2011-2012. The report cited data from the Department of Labor and Employment showing that the number of employed Filipinos went down to 37.668 million in October 2012 from 38.55 million in October 2011. It also cited data from the National…

By ARNOLD PADILLA Bulatlat.com MANILA — In 2012, the dominant theme peddled by the Aquino administration was “good governance is good economics”. Malacañang’s hoax is that the “daang matuwid” (righteous path) has created a favorable environment for inclusive economic growth. From being the sick man of Asia, the Philippines now brims with vitality. Or so,…

By bulatlat.com The public deserves better than a selective presentation of facts and figures in the president’s first year, and is hoping to be given a whole picture of the state of the nation. This is the challenge for President Benigno “Noynoy” Aquino issued today by non-government research group IBON. “Pres. Benigno Aquino III’s first…

Experts have described the recession as a “supercrisis”, which could be long and deep. Its impact on poor and underdeveloped economies like the Philippines is just starting to unfold. Obviously, emergency employment through a stimulus package as well as labor flexibilization and export will not do the trick. A total overhaul of the economy’s orientation…

Members of the House Committee on Economic Affairs grilled National Economic Development Agency (NEDA) Director General Ralph Recto over the P330-billion economic stimulus package at a hearing, February 4. The stimulus package, which is much touted by the Arroyo administration, turned out to be a mere repackaging of old programs. Bayan Muna Rep. Teddy Casiño called it a “simulation package”.

The efforts of the Arroyo government to address the impact of the combination of the world economic crisis and the crisis of Philippine society are too little, too inconsequential, and too late. The extent of the crisis requires nothing less than a radical restructuring of the economy of the country; and only the Filipino people,…

The Philippines’ record-high unemployment is considered among the greatest failures of the Arroyo administration and is seen to even worsen this year. BY IBON FOUNDATION Posted by Bulatlat The Philippines’ record-high unemployment is considered among the greatest failures of the Arroyo administration and is seen to even worsen this year. Estimates made by IBON put…

Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis, the Philippines has effectively started to enter a recession. BY IBON FOUNDATION Posted by Bulatlat Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis,…

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…