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,…
Tags: Philippine economy
Congress urges Malacañang to be pro-active amid global slowdown
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…
Cha-Cha Proposal to Legalize Foreign Plunder of Philippines’ Resources
The proposed amendment in the Constitution seeking to allow the foreign corporations to own land will legitimize the all-out and ongoing exploitation and plunder by foreign corporations of the country’s natural resources. BY IBON FOUNDATION Posted by Bulatlat The proposed amendment in the Constitution seeking to allow the foreign corporations to own land will legitimize…
Labor Migration: A Dangerous Doctrine
The more the economy is stagnant, the less its ability to create jobs, the more dependent government becomes on overseas labor deployment. BY THE POLICY STUDY, PUBLICATION AND ADVOCACY (PSPA) PROGRAM Center for People Empowerment in Governance (CenPEG) ANALYSIS Posted by Bulatlat If the state policy making and legislative agenda do not change course, the…
JPEPA Faces Tough Constitutional Issues as Senate Vote Nears
Ratifying the JPEPA at its present unconstitutional form creates the risk that the Philippines will be subjected to legal disputes in international courts and face liability for damages. Under the Vienna Convention on the Law of Treaties, for instance, the Philippines could not invoke unconstitutionality as legal defense for non-performance of its JPEPA obligations. BY…
‘Strong’ Peso and Weakening Dollar Hurting Workers
Prior to the specter of a U.S. recession, the Arroyo government had been making much of the historically unprecedented but unsustainable appreciation of the peso. She’s been crediting it to her fiscal managers and “good economic fundamentals.” But Labog says these economic fundamentals cannot be good if they are hurting the very people who should…
The ‘Strong Peso’ and the Folly Of OFW Export
Addressing the impact of the lowering peso value requires more than the mitigating measures government has so far implemented, including the hedge fund set up by the DBP, and Malacañang’s fiscal stimulus program BY SONNY AFRICA IBON Features Posted by Bulatlat Vol. VIII, No. 1, February 3-9, 2008 A year ago, President Gloria Arroyo was…
RP Call Centers, OFWs to be Hit Worst by U.S. Slowdown
Call centers and overseas Filipino workers, both lauded by the Arroyo government as economic winners, are seen to be the worst hit by an anticipated U.S. recession and general slowdown in the world economy. BY IBON FOUNDATION Posted by Bulatlat Vol. VII, No. 50, January 27-February 2, 2008 Call centers and overseas Filipino workers, both…
Think-Tank Belies Arroyo’s Claims of Economic ‘Gains’
Independent think-tank IBON Foundation belies Malacañang’s claim of an improving economy, and asks why the palace does not dare to hype the economic figures that really matter to the majority of Filipinos. BY IBON FOUNDATION Posted by Bulatlat Independent think-tank IBON Foundation belies Malacañang’s claim of an improving economy, and asks why the palace does…