Economy

Sign of unsound economy Slower gross domestic product (GDP) growth during the first quarter of 2019 belies any claim of a healthy Philippine economy. Research group IBON stressed that the Duterte administration’s enthusiasm over the recent credit rating upgrade that the country got is unwarranted. Instead of hailing business-biased programs, government should look to more…

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Inflation slowed in April 2019 but rice, fish, sugar, and many vegetables are still more expensive than last year

IBON executive director Sonny Africa said that the recent credit rating upgrade is not a sign of economic progress and that Malacañang’s enthusiasm is greatly unwarranted. The credit rating upgrade is most of all an assessment of the government’s ability to repay debt and not of economic development. There would be no such upgrade if…

#MalalangEkonomiya #MayMagagawa #PeopleEconomics #BeyondElections2019 #LaborDay2019

Employers can very well afford to raise the minimum wage to Php750 which only entails a small cut in their profits, research group IBON said. The Duterte administration should support this hike which will help millions of Filipino households dependent on wages and salaries cope with the rising cost of goods and services, said the…