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Continue reading →: Economic growth not creating jobs, excluding the poor
First published by The Philippine Online Chronicles For the Aquino administration, the past week has been all good news. First, the impeachment it initiated against Renato Corona ended in its favor, with the Senate convicting 20-3 the former Chief Justice. Second, first quarter data showed that the economy grew by…
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Continue reading →: Aquino overstating gains from Corona conviction to hide own agenda
President Benigno Aquino III, in his official statement, described the gains from the conviction of Renato Corona this way: “Ang pinakamalaking handog ng paglilitis na ito: Muli po nating napatunayan na posible palang makamit ang pagbabago. Posible palang magkaroon ng justice, at hindi puro “just-tiis” ang litanya sa ating bansa.…
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Continue reading →: Oil overpricing continues despite rollbacks
For the fourth straight week, oil companies rolled back the price of petroleum products. Flying V led the latest round of price cuts, reducing the price of diesel by P0.30 a liter and gasoline by P0.50. Other oil players are expected to follow suit. The Department of Energy (DOE) said…
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Continue reading →: ADB: Anti-Development Bank
The Asian Development Bank (ADB) is holding its 45th annual meeting from May 2 to 5 in Manila. Some 4,000 delegates including finance ministers and central bank governors from ADB’s member-countries; as well as representatives of big business, international financial institutions (IFIs), transnational banks, credit rating agencies, global media, and…
I’m Arnold Padilla, a Filipino activist, writer, and researcher.
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