‘GDP growth just rebounded from economic collapse last year’ – Ibon

According to research group IBON, the year-on-year 11.8% GDP growth looked promising only because it was compared to the 17.0 contraction on the second quarter of 2020 – when lockdowns were at their worst. Seasonally adjusted quarter-to-quarter growth, which is a clearer gauge of momentum said the group, revealed that the nation’s GDP actually decreased… Continue reading ‘GDP growth just rebounded from economic collapse last year’ – Ibon

‘Golden rice to contaminate traditional varieties’, DA asked to revoke permit

Collated by Dawn Cecilia Pena / Bulatlat By DAWN CECILIA PEÑA Market Watch Bulatlat.com MANILA – A farmers’ group called on the Agriculture department to revoke the permit to commercially propagate the genetically modified crop, golden rice, saying it is not in the interest of both Filipino farmers and consumers. Department of Agriculture’s Bureau of… Continue reading ‘Golden rice to contaminate traditional varieties’, DA asked to revoke permit

#Undoing Duterte | Ordinary folk burdened with higher taxes, price hikes, stagnant wages

The Duterte regime may spin the narratives on the economy all they want. But all indicators show that the country is in a much worse shape today than when it took over in 2016. By ARNOLD PADILLA Graphics by Luisa Sandoval Bulatlat.com Part 1: Duterte’s economic legacy, crisis worse than pandemic 2021 SONA Coverage MANILA… Continue reading #Undoing Duterte | Ordinary folk burdened with higher taxes, price hikes, stagnant wages

#UndoingDuterte | Small businesses appeal for government support amid pandemic challenges

By DAWN CECILIA PEÑA Bulatlat.com MANILA – Micro, small, and medium enterprise (MSME) owners are still trying to get back on their feet after enduring the burden of the world’s longest lockdown. “Up to this day, we are still having a hard time adjusting because we know we cannot be 100 percent safe at work.… Continue reading #UndoingDuterte | Small businesses appeal for government support amid pandemic challenges

Market Watch | What does it take to cook adobo?

What it takes to cook adobo? An ordinary worker’s whole pay for a day. By DAWN CECILIA PEÑA Market Watch Bulatlat.com MANILA – Progressives expressed concerns over the government’s move to establish a technical committee aiming to standardize popular Filipino dishes when people are going hungry. “The DTI [Department of Trade and Industry] wants to… Continue reading Market Watch | What does it take to cook adobo?

Market Watch | Oil prices up again this week

By ARNOLD PADILLA Market Watch Bulatlat.com For the 22nd time this year, the price of diesel will again go up this week with oil firms announcing a price hike of PHP 0.60 per liter. Gasoline will also increase by PHP 1.15 per liter, the 23rd price hike this year. Similarly, the price of kerosene will… Continue reading Market Watch | Oil prices up again this week

Bicol inflation rate highest among regions outside NCR

MANILA—The Bicol region posted an inflation rate of 6.3 percent in June 2021. It has the highest among the Areas Outside of NCR (AONCR), the Philippine Statistics Authority reported in its Summary Inflation Report Consumer Price Index (2012=100) released this week. The report, signed by Dennis S. Mapa, Ph.D., Undersecretary and National Statistician and Civil… Continue reading Bicol inflation rate highest among regions outside NCR

Ako Bicol Rep. Garbin welcomes proposed economic amendments to Charter

Garbin (File photo via Ako Bicol) MANILA—AKO BICOL Party-List Rep. Alfredo Garbin Jr., the chairperson of the House Committee on Constitutional Amendments, welcomed the proposed amendments to some economic provisions in the 1987 Constitution. Garbin said the amendments would eliminate the “overly protective” provisions – such as foreign ownership limitations in business enterprises, including public… Continue reading Ako Bicol Rep. Garbin welcomes proposed economic amendments to Charter

‘Economic Chacha will leave more farmers landless’

A farmer, Nilda Davao in barangay San Jose, Montalban, Rizal checking her crops after the typhoon hit their village. (Photo by Jaja Necosia) By JANESS ANN J. ELLAO Bulatlat.com MANILA – Filipino farmers are worried as lawmakers approved on third reading the proposal to amend the Philippine Constitution, dubbed as the “economic Cha-cha” bill, allowing full foreign… Continue reading ‘Economic Chacha will leave more farmers landless’

Bayanihan 3: Why the ‘ayuda for all’ bill must advance

Women workers demand cash aid to tide them over during this crisis. (Photo by Carlo Manalansan / Bulatlat) With practically all House members – except Duterte’s son and a few die-hard Duterte lawmakers – co-authoring the measure, Bayanihan 3 brags the unprecedented and massive support of different lawmakers who crossed party lines. The political reasons… Continue reading Bayanihan 3: Why the ‘ayuda for all’ bill must advance