The last thing the country needs right now is a return of the Marcoses to Malacañang. One way we can prevent that is by tirelessly debunking the Marcosian economic myths.
You don’t really need to crunch the numbers to know there’s a problem with inflation. Just go to the nearest palengke or grocery to see prices have skyrocketed.
Inflation expectations matter because they change how people behave. It’s in government’s interest to manage these expectations from time to time.
The truth is, we’re living in a sad combo of slowing growth and accelerating prices. Worse, indicators point to harder times ahead.
(UPDATED) Why this burgeoning rice crisis? I argue that government is wholly to blame.
Why are exports weakening despite a weaker peso? If we take the word of the economic managers, isn’t this puzzling?
Unless we first fix existing regional economic disparities, Bayanihan Federalism will only leave more poor regions behind
Rappler talks to AJ Montesa of the Action for Economic Reforms and Rappler columnist JC Punongbayan to understand the latest economic data
Half of the recent inflation can be explained by food prices alone. This is crucial since the poor spend a larger share of their incomes on food.
(UPDATED) Economists point to government agencies' inability to coordinate well as one of the main reasons why inflation accelerated further in July
To address this, President Duterte must rethink his priorities, go after the corrupt, and zero in on the various bottlenecks that make spending difficult
Economist JC Punongbayan says government spending improved, but underspending remains a problem. When government underspends, delivery of services is delayed.
We should protect the integrity of official statistics at all costs. In this tempestuous era of disinformation and uncertainty, they are our most steady anchors.
It appears that not much thought was given to the provinces' readiness for federalism, nor to federalism’s ultimate impact on regional growth and development
The BSP expects inflation to settle in at 4.6% this year, above its 4% upper target. This means we can expect inflation to further increase till the third quarter of 2018 before it subsides.
The economy is far from stagnant. What's alarming is President Duterte's apparent cluelessness about the signs of trouble and the need to chart a steady course.
Hello! Here are the stories you shouldn't miss this Monday
A weakening peso is symptomatic of other things happening in the economy. Most importantly, it suggests we are increasingly becoming a net borrower from the rest of the world, owing to our colossal import bill boosted by Duterte’s 'Build, Build, Build'.
Journalists should be more careful in reporting economic statistics. Government staff must also adopt better PR strategies and avoid overanalyzing stuff: the simpler the analysis, the less prone it is to misinterpretation.
Higher inflation, coupled with the forthcoming 2019 midterm election, has suddenly turned TRAIN into a political hot potato
In these tough times, government officials must be wary of populist policies that could make matters worse. They should also avoid making callous remarks that tend to belittle the poor and add insult to their economic injury.
All in all, the yawning gaps of the country’s social pension system require bold, comprehensive, and forward-thinking solutions like universal social pension – not simplistic, superficial, and short-sighted ones like Duterte’s pension hike
Is there any economic fallout from the ouster of Chief Justice Sereno last week?
Economics without the nosebleed. Breeze through the concepts of debt, GNP, GNI, inflation, CPI, and depreciation in part 1 of this economics explainer series.
Diokno’s recent statement, for the record, is a gross misrepresentation of economists' contemporary thinking about the nature of poverty and income mobility
Now we’ve run out of subsidized rice – the first time this has happened since NFA’s creation in 1972, or in nearly 50 years
As the Boracay example illustrates, policymaking without planning makes for needless chaos, confusion, and destruction
In the mad rush to get the tax reform law going, government may have inadvertently trampled on and railroaded the poor
With Uber out of the way, Grab now enjoys monopoly status in many Southeast Asian countries such as the Philippines. This loss of competition will almost surely mean fewer choices, higher fares, and lousier service for Pinoy commuters.
If the problem is pollution, why the singular focus on Boracay? If the problem is congestion, why allow the construction of new, giant commercial developments? If the problem is lack of competition, why allow entrants in some industries like telco but not in casinos?
Bans, prohibitions, and crackdowns are some of Duterte’s favorite economic policies. But bans are the ultimate form of market regulation, and government should use them cautiously, not rashly.
China is appropriating our territories even without any of its infrastructure projects breaking ground. It’s like a bank foreclosing your house even if it hasn’t given you any money yet.
A lot of Duterte’s market interventions so far seem to stem not from a well-informed or genuine desire to correct so-called 'market failures,' but from an urge to brandish the awesome powers of the state whichever way possible
We haven’t yet seen the full effects of TRAIN’s new taxes. Instead, what we saw in January was likely a combination of profiteering, higher world oil prices, and the peso’s depreciation
(UPDATED) All in all, the proposals for federalism should not be blind to the political and economic realities on the ground. Otherwise, federalism will only be fraught with many unintended consequences.
Economic woes, if unabated, could lead to social unrest. Recall that it was not so much Ninoy Aquino’s assassination in 1983 that led to EDSA 1, but the deep, painful recession in 1984 to 1985 that preceded it.
Our country’s problem with road congestion is, at its core, a problem of incentives: the right ones are simply not in place. The solution is fairly simple: correct the existing incentives by reducing the relative benefits of private vehicles and increasing their relative costs.
At least one thing is for certain: the decline in President Duterte’s net satisfaction rating is not a fluke, it is evident across all major geographic and social divides across the country
Analysts say the SONA was a missed opportunity for the President to lay out policy statements and his administration s development plans
Just how valuable have Uber and Grab become for Filipino commuters?
Walang saysay ang paglago ng ekonomiya kung hindi makikinabang dito ang mahihirap dahil sila ay walang habas na pinapaslang sa mga kalsada
The drug war not only threatens to slow down growth but also qualifies as one of the most anti poor policies in recent Philippine history
When policymakers rely less on facts and more on their personal emotions and beliefs they are no more different than quack doctors who blindly give out medical treatments that could turn out to be costly ineffective and even harmful
Crime is a more complex and nuanced issue than many of our politicians will care to admit
Not only do our taxes disproportionately burden the poor and benefit the rich but they also yield too little revenue given the distortions they create Needless to say both problems need to be resolved soon
Experts weigh in on the dramatic rise of vice presidential bet Leni Robredo in the partial unofficial tally and most of them agree that the issue is simply a function of geography and common sense
Is soda consumption the real enemy or the excess calories in children s diets?
What does the slogan really say? Is it true? Does the data actually support it?
All in all not all hope is lost in the country’s overly protracted fight against poverty