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2018 inflation highest in 10 years amid slowing growth — IBON
Inflation for 2018 is more than double the Duterte administration’s original inflation target for the year and the highest in a decade, research group IBON said. Along with slowing economic growth, this further points to the failure of government’s economic managers to rein in consumer prices and of its neoliberal policies, such as the Tax…
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New Year blues: Inflation-driven water rate hikes to hound consumers
Water firms are not yet finished with squeezing higher water rates out of consumers. Advocacy group Water for the People Network (WPN) said that the most recent approval of water rate hikes for implementation this New Year shows that government prioritizes water firms’ profits over minimizing the impact of high inflation on water consumers, particularly…
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TRAIN 1A Year One: From the Poor to the Rich
On the first year of the Tax Reform for Acceleration and Inclusion (TRAIN) 1A, despite aggravating inflation, the Duterte administration refuses to stop collecting taxes on basic consumer needs such as fuel products and sugary beverages – while relieving the richest through lower personal income taxes, estate taxes and donor taxes. Pushing through with additional…
