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January-May Deficit Shows RP On Verge Of Renewed Fiscal Crisis |
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IBON Info
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Written by IBON Media
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Thursday, 25 June 2009 |
The January to May 2009 fiscal deficit of the national government (NG) of an alarming P123.2 billion signifies that the country is on the verge of a renewed fiscal crisis. Among others this underscores the need to revisit the country’s debt policy up to the maximum of outright debt cancellation to free up domestic resources for dealing with the raging crisis.
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Faced with recession, US at forefront of amending RP Constitution |
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IBON Info
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Written by IBON Media
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Friday, 19 June 2009 |
The United States (US) government and US corporations have been at the forefront of repeated efforts to remove nationalist and other progressive economic provisions of the 1987 Constitution, now more so with the US economy under recession.
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April Labor Force Data: Quality Of 1.3 M Jobs Created Questionable |
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IBON Info
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Written by IBON Media
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Tuesday, 16 June 2009 |
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The National Statistics Office (NSO) reported a surprising 1.5 million jobs created in April 2009 from the same period last year, but some 1.3 million appear to be low-earning and insecure. |
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Falling Remittances Foretell Gloomier Consumption, Growth |
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IBON Info
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Written by IBON Media
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Tuesday, 16 June 2009 |
Remittance from overseas Filipinos continued to slow in with year-on-year growth of just 2.2% in April which is down from 3.1% in March and 4.9% in February, according to newly-released data from the Bangko Sentral ng Pilipinas (BSP). According to research group IBON, this foretells further depressed consumption and growth in the economy as well as deteriorating welfare for millions of remittance-dependent households around the country.
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RP Already In Recession -IBON |
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IBON Info
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Written by IBON Media
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Tuesday, 09 June 2009 |
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The Philippines has started to enter into what is effectively a recession since last year, according to research group IBON Foundation. This is considering not just the steeply dropping growth rates but also the rising joblessness and poverty in the country. |
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Deficit More Than Half Of Full-year Target: RP On The Brink Of Renewed Fiscal Crisis |
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IBON Info
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Written by IBON Media
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Friday, 05 June 2009 |
The January to April 2009 fiscal deficit of the national government (NG) has reached an alarming P111.8 billion, signifying that the country may be on the brink of a renewed fiscal crisis.
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Press statement: Cha-Cha Increases Odds For Recession, Upheaval |
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IBON Info
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Written by IBON Media
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Thursday, 04 June 2009 |
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The effort to convene a constituent assembly (Con-ass) creates the conditions for constitutional amendments that will recklessly further open up and stunt the domestic economy. Moreover, the current Charter change (Cha-cha) initiative heightens the possibility of political instability in the country. |
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Filipinos Reject Economic Revisions To Charter; Believe Term Extension Real Motive Behind Cha-cha |
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IBON Info
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Written by IBON Media
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Wednesday, 03 June 2009 |
Majority of Filipinos do not favor amendments to the economic provisions of the 1987 Constitution and believe that Charter change (Cha-cha) seeks to extend the President’s term in office, according to the latest IBON nationwide survey.
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