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Continue reading →: Inflation surges for 5th straight month since TRAIN law
There is no end in sight for high prices under President Duterte. Inflation rate has reached a new 5-year high this May at 4.6 percent. It has been continuously accelerating every month since the TRAIN Law took effect in January 2018. Even Duterte’s economic managers could not say whether inflation…
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Continue reading →: Oil prices under DuterteAs we face another round of oil price hikes this week, here’s a look at how oil prices have skyrocketed so far under the Duterte administration. Before Duterte took over, the common price of diesel in Metro Manila was Php27.95 per liter while gasoline (RON95) was pegged at Php41.15. Today,…
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Continue reading →: Oil firms profiteering thru excessive price hikesFrom the start of the year up to May 15, the price adjustments in diesel may have been “excessive” by about Php1.03 per liter and gasoline by Php1.34 centavos per liter. This resulted in about Php53.74 million additional collections every day from diesel and gasoline products for the oil companies.…
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Continue reading →: Oil firms, government earn almost PHP10 M daily extra income from unjustified price hikesThese guesstimates merely scratch the surface by comparing local and international price changes. In reality, with or without price adjustments, big oil companies that run and control the global oil industry retail petroleum at prices many times their actual production costs.
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Continue reading →: Selling out PH sovereignty and patrimony for conditional Chinese moneyIn exchange for conditional loans that benefit Chinese banks and corporations, the Duterte administration is weakening, if not practically giving up, the country’s claim on 381,000 square kilometers of maritime space as well as vast fishery, oil and gas, and mineral resources.
I’m Arnold Padilla, a Filipino activist, writer, and researcher.
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