JC Punongbayan
ARTICLE FINDER

[ANALYSIS] Golden age? Inflation reached 50% during the Marcos regime

Sep 21, 2018 - 12:10 PM

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.

[ANALYSIS] Viral misconceptions about inflation, how to debunk them

Sep 13, 2018 - 9:40 AM

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.

[ANALYSIS] Why is Philippine inflation now the highest in ASEAN?

Sep 06, 2018 - 9:35 AM

Inflation expectations matter because they change how people behave. It’s in government’s interest to manage these expectations from time to time.

[ANALYSIS] Mere hiccups? Let’s be more honest about the economy

Aug 31, 2018 - 11:59 AM

The truth is, we’re living in a sad combo of slowing growth and accelerating prices. Worse, indicators point to harder times ahead.

[ANALYSIS] Filipinos don’t deserve fumigated nor weevil-infested rice

Aug 29, 2018 - 10:08 AM

(UPDATED) Why this burgeoning rice crisis? I argue that government is wholly to blame.

rice-tl-august-29-2018

[ANALYSIS] Weaker peso boosts exports? Not necessarily

Aug 24, 2018 - 9:17 AM

Why are exports weakening despite a weaker peso? If we take the word of the economic managers, isn’t this puzzling?

[ANALYSIS] Why Duterte’s federalism endangers government’s finances

Aug 15, 2018 - 10:04 AM

Unless we first fix existing regional economic disparities, Bayanihan Federalism will only leave more poor regions behind

Rappler Talk: Making sense of the Philippine economy

Aug 10, 2018 - 3:08 PM

Rappler talks to AJ Montesa of the Action for Economic Reforms and Rappler columnist JC Punongbayan to understand the latest economic data

[OPINION] Can government deliver us from runaway inflation?

Aug 08, 2018 - 10:04 AM

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.

Government should worry about sky-high inflation – economists

Aug 07, 2018 - 5:25 PM

(UPDATED) Economists point to government agencies' inability to coordinate well as one of the main reasons why inflation accelerated further in July

INFLATION. Prices of basic goods rose in July. Photo by Jire Carreon

[OPINION] How Duterte is wasting our hard-earned taxes

Jul 26, 2018 - 12:00 PM

To address this, President Duterte must rethink his priorities, go after the corrupt, and zero in on the various bottlenecks that make spending difficult

Expert says gov't continues to spend less amid infra program

Jul 23, 2018 - 6:19 PM

Economist JC Punongbayan says government spending improved, but underspending remains a problem. When government underspends, delivery of services is delayed.

SONA. UP Professor and Economist JC Punongbayan talks to Rappler's Maria Ressa on state of the country's economy before the State of Nation Address on July 23, 2018. Rappler screengrab

[OPINION] To beat inflation, we can’t just fudge the numbers

Jul 19, 2018 - 3:16 PM

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.

[OPINION] The bad economics of Duterte’s draft constitution

Jul 14, 2018 - 2:07 PM

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

[OPINION] Why inflation is actually at a 9-year high

Jul 10, 2018 - 9:23 AM

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.

[OPINION] Is the Philippine economy really 'in the doldrums'?

Jun 28, 2018 - 10:10 AM

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.

#ThewRap: Things you need to know, June 18, 2018

Jun 18, 2018 - 12:23 PM

Hello! Here are the stories you shouldn't miss this Monday

[OPINION] Why is the Philippine peso the weakest in ASEAN?

Jun 18, 2018 - 8:57 AM

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'.

[OPINION] The real score about NEDA’s P10,000 budget ‘challenge’

Jun 08, 2018 - 11:00 AM

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.

[OPINION] Higher inflation: Is TRAIN to blame? (Part 2)

Jun 03, 2018 - 8:00 AM

Higher inflation, coupled with the forthcoming 2019 midterm election, has suddenly turned TRAIN into a political hot potato

[OPINION] Higher inflation: Is TRAIN to blame? (Part 1)

Jun 02, 2018 - 10:33 PM

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.

#TheWrap: Videos to watch this week, May 21-27, 2018

May 27, 2018 - 10:46 AM

Here are the must-watch videos this week!

[OPINION] How Duterte endangers your retirement

May 24, 2018 - 10:30 AM

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

[OPINION] What does Sereno’s ouster mean for the economy?

May 18, 2018 - 7:48 AM

Is there any economic fallout from the ouster of Chief Justice Sereno last week?

Basagan ng Trip with Leloy Claudio: Basic economic concepts that matter

May 12, 2018 - 2:12 PM

Economics without the nosebleed. Breeze through the concepts of debt, GNP, GNI, inflation, CPI, and depreciation in part 1 of this economics explainer series.

[OPINION] To escape poverty, hard work is not enough

May 04, 2018 - 9:45 AM

Diokno’s recent statement, for the record, is a gross misrepresentation of economists' contemporary thinking about the nature of poverty and income mobility

[OPINION] The alarming depletion of NFA rice under Duterte’s watch

Apr 19, 2018 - 1:20 PM

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

[OPINION] Enough of policymaking without planning

Apr 13, 2018 - 6:12 PM

As the Boracay example illustrates, policymaking without planning makes for needless chaos, confusion, and destruction

Dissecting TRAIN’s impact on our incomes

Apr 06, 2018 - 3:31 PM

In the mad rush to get the tax reform law going, government may have inadvertently trampled on and railroaded the poor

[OPINION] How the looming Grab monopoly will impact on Filipino commuters

Mar 29, 2018 - 1:34 PM

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.

The glaring double standard in Duterte’s Boracay shutdown

Mar 22, 2018 - 12:20 PM

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?

[OPINION] Part 2: Markets vs. Duterte: Are blanket bans a good idea?

Mar 16, 2018 - 8:45 PM

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.

[OPINION] What scares me the most about China’s new, ‘friendly’ loans

Mar 02, 2018 - 10:00 AM

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.

[OPINION] Markets vs Duterte: Where do we draw the line?

Feb 21, 2018 - 9:55 AM

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

[OPINION] Triple whammy: Why are prices rising so fast?

Feb 07, 2018 - 6:05 PM

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

[OPINION] Why federalism won’t necessarily boost regional development

Jan 24, 2018 - 9:01 AM

(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.

[OPINION] Economic hardship in the time of Duterte: Here’s the data

Dec 15, 2017 - 6:30 PM

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.

[OPINION] How can we solve our traffic woes in 2018?

Dec 08, 2017 - 11:10 AM

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.

[OPINION] Understanding the big drop in President Duterte’s ratings

Oct 10, 2017 - 11:42 AM

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

Duterte used SONA 2017 as bully pulpit – analysts

Jul 24, 2017 - 7:58 PM

Analysts say the SONA was a missed opportunity for the President to lay out policy statements and his administration s development plans

BULLY PULPIT. Analysts say President Rodrigo Duterte's SONA lacked policy statements. Rappler photo

Cracking down on Uber and Grab will hurt commuters, not protect them

Jul 18, 2017 - 1:23 PM

Just how valuable have Uber and Grab become for Filipino commuters?

RUSH HOUR. In this photo taken January 11, 2016, a major thoroughfare is clogged with traffic in Manila. Jay Directo/AFP

Kampanya kontra droga hadlang sa makamasang kaunlaran

Mar 31, 2017 - 5:44 PM

Walang saysay ang paglago ng ekonomiya kung hindi makikinabang dito ang mahihirap dahil sila ay walang habas na pinapaslang sa mga kalsada

Why the drug war thwarts our pursuit of inclusive growth

Mar 25, 2017 - 8:30 AM

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

Let's keep alternative facts away from policymaking

Feb 21, 2017 - 11:36 AM

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

Why the death penalty is unnecessary, anti-poor, error-prone

Feb 11, 2017 - 9:00 AM

Crime is a more complex and nuanced issue than many of our politicians will care to admit

The problem with our tax system and how it affects us

Jan 21, 2017 - 3:00 PM

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

From mudslinging to math-slaying: 'Experts' clash on VP race result

May 13, 2016 - 12:28 AM

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

Soda ban in schools has unintended consequences

Mar 19, 2014 - 8:02 PM

Is soda consumption the real enemy or the excess calories in children s diets?

BAN SOFT DRINKS. The Healthy Beverage Options Act of 2014 proposes to ban unhealthy beverages like soft drinks in all schools, from kindergartens up to high schools, both private and public. Rappler file photo, Graphic by Emil Mercado

How true: 'Kung walang corrupt, walang mahirap'?

Feb 23, 2014 - 12:39 PM

What does the slogan really say? Is it true? Does the data actually support it?

File photo by Leanne Jazul

Celebrating successes in the fight vs poverty

Dec 21, 2013 - 7:30 AM

All in all not all hope is lost in the country’s overly protracted fight against poverty