Inflation slowing due to a sluggish economy — IBON
In Metro Manila, for example, the cost of pork, chicken, fish, eggs and many vegetables in the last week of October 2019 was much higher than in the same period last year.

In Metro Manila, for example, the cost of pork, chicken, fish, eggs and many vegetables in the last week of October 2019 was much higher than in the same period last year.
IBON said that declining share in gross domestic product and agricultural productivity per capita, increasing import dependence, rising trade deficit, and widespread rural poverty are signs that this crisis is worsening.
IBON held the forum “People Economics: May Magagawa!” at the College of Science Admin Auditorium, UP Diliman last October 10 to discuss why there is a need for and what the principles and policy outlines are of People Economics.
“It is more likely that CITIRA’s tax cuts will just go to increasing corporate profits and justify increasing already exorbitantly high executive pay. They will certainly not go to increasing wages because corporations have kept real wages flat for over a decade-and-a-half despite rising labor productivity,” concluded Africa.
The administration issued a memorandum on August 27, 2019 directing the suspension of all negotiations and signing of loan and grant agreements with the 18 countries of the United Nations (UN) Human Rights Council that recently supported a resolution to investigate human rights violations in the country.
Millions of Filipinos are making do with poor quality work and hundreds of thousands more are in and out of work.
The private Metro Rail Transit 3, meanwhile, traverses EDSA but only partially, and has a record of multiple breakdowns and mishaps due to inefficient management regardless of fare hikes.
The country’s slowing economy, and worsening jobs crisis and poverty disputes the Duterte administration’s hype of economic gains.
Data from the Public-Private Partnership Center shows that Uy has three unsolicited proposals in Davao that include the Davao International Airport worth Php48.8 billion, Davao People Mover worth Php30 billion, and the Davao Sasa Port Modernization Project worth Php18.7 billion.
Ggovernment should thwart its business bias so that the country’s economic direction can be refocused to truly prioritize the people’s well-being and national development.






