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JC Punongbayan, PhD Profile picture
JC Punongbayan, PhD
@jcpunongbayan
Filipino economist. Asst Prof, UP School of Economics @upsediliman. Columnist, @rapplerdotcom. Co-host, @UsapangEcon. Author, #FalseNostalgia. #TOYM2023.
Mᴀsᴋs-Gᴏɢɢʟᴇs-HOPE Profile picture Felamag Profile picture 2 subscribed
Apr 23, 2023 • 4 tweets • 1 min read
I think it's because our culture encourages conformity/collectivism. And in a country with 90% learning poverty, intelligence makes one stand out, and this tends to irk many people. But note that in some other collectivist societies, intelligence is highly valued and celebrated.

Maybe this needs a proper study: define smart-shaming first, try to quantify it across countries/cultures, then identify its correlates/determinants.
Oct 10, 2022 • 7 tweets • 3 min read
🧵 What's the reason for rising inflation in the Philippines? A thread.

This graph shows that the top 3 contributors as of Sept 2022 were food & non-alcoholic beverages, housing expenses, and transportation. Among food items, meat & fish were the main contributors in the past. They still are, but note the increasing contributions of:

- flour & bread
- sugar
- rice
- milk
- oils and fats

So more & more agri commodities have accelerating prices. What's the agri sec doing about this?
Jan 25, 2022 • 6 tweets • 3 min read
"Nakikita ko kung paano ginagawa ang korapsyon..." 😎

GUARD! #NeverForget #NeverAgain Nepotism Muli???
Jan 25, 2022 • 13 tweets • 4 min read
Boy Abunda: May pagkakaiba ba ang ayuda at doleout?

LBM: Wala. Pareho lang. It's a transfer payment as they call it in economics. Walang kapalit, for example. Basta nagbibigay ka lang ng ayuda.

Hiyang-hiya naman ang conditional cash transfers. 🤷‍♂️ Rich of LBM to talk about OFWs. 🤬 The proportion of OFWs rose by about eightfold during the economic crisis in martial law. Bagsak kasi ang ekonomiya. Even my own parents left in the 1980s because of the dearth of good job opportunities here.
Jan 23, 2022 • 4 tweets • 3 min read
Jusko kayo pa ba ang aatrasan ni VP @lenirobredo? Kaya niyang tumindig at kausapin kahit sino, ayusin lang ang sked. #LetLeniLead

Samantalang si LBM, willing pa ba magpa-interview kay Jessica Soho? See the difference? #MarcosDuwag #BBMDuwag Also, not fair to attack VP @lenirobredo while omitting this crucial context. Who's biased now?
Oct 8, 2021 • 9 tweets • 3 min read
My boss is the Philippines' first ever Nobel laureate. Still speechless. #NobelPeacePrize2021 A proud moment for the Rappler family and the Philippines.
Jun 23, 2021 • 11 tweets • 4 min read
Here's my latest Rappler piece, co-written with @znsuzara. Build 3x was supposed to bring about a "golden age of infrastructure." But to make up for their lack of progress Duterte and his men took credit for projects started in previous administrations. 😤
rappler.com/voices/thought… Here are 10 examples:

1) Skyway Stage 3 (a public-private partnership or PPP project of the Aquino admin, launched in 2014) Image
May 11, 2021 • 29 tweets • 10 min read
OH MY. THIS IS BAD. The median forecast by private analysts was -2.6%.
bworldonline.com/q1-2021-gdp-gr…
Apr 26, 2021 • 49 tweets • 17 min read
THREAD: Thoughts, comments on the econ managers' super early pre-SONA forum.

Dominguez's preamble: "We need to divide the term of this admin. into 2 periods. The first is the period of growth & the second is the period of pandemic response." Alam na...
web.facebook.com/DOFPH/videos/1… Dominguez: Because of rice tariffication, "rice is no longer the main contributor to our overall inflation rate."

Yeah, but now in 2021 inflation has picked up again, mainly because of meat & vegetable prices.
Nov 1, 2020 • 5 tweets • 2 min read
What a depressing graph. Based on IMF forecasts, the Philippines will suffer one of the biggest declines in GDP growth between 2019 to 2025. 😭

Pre-COVID, we were a rising star. But because of Duterte's botched pandemic response, that status has been washed away like dolomite. Source:
ft.com/content/8b2864…
Jun 9, 2020 • 4 tweets • 2 min read
Terror bill proponents say hirap daw ang gobyerno kasuhan ang suspected terrorists dahil sa kawalan ng ebidensya.

Pero di ba lumobo na nga ang confidential & intelligence funds ng gobyerno? Yung sa OP lang lumobo na sa P4.5b from ~P500m during Aquino's time (9x as high). Halos kalahati ng total intelligence funds napunta lang sa Office of the President. At halos 2/3 ng total confidential funds napunta rin sa OP.
Apr 13, 2020 • 4 tweets • 4 min read
Sino ang middle class?

Ayon sa pag-aaral ni Dr @toots_albert ng @PIDS_PH, as of 2017, ito yung mga pamilyang kumikita ng P19k hanggang P114k kada buwan (o 2 to 12 times ng poverty line).

Source: pidswebs.pids.gov.ph/CDN/PUBLICATIO…

#MiddleClassKaKung Ganito ang itsura ng populasyon ng Pilipinas ayon sa income classes. Noong 2015, 40% ng mga household sa Pilipinas ang maituturing na middle class:

26% lower-middle
10% middle-middle (lol)
4% upper-middle

Source: pidswebs.pids.gov.ph/CDN/PUBLICATIO…

#MiddleClassKaKung
Apr 6, 2020 • 11 tweets • 2 min read
Ok pera ang topic niya tonight. #TheLateShowWithTheLatePresidentDuterte Ano kamo? Magnakaw na lang si Dominguez?

KALA KO BA MAY PERA
Apr 5, 2020 • 8 tweets • 3 min read
THREAD: May pera nga ba ang Duterte gov't para labanan ang #COVID19?

A collection of must-read threads and tweets by concerned development/budget/social protection/econ geeks. The thread that started it all.

Dec 30, 2019 • 12 tweets • 6 min read
THREAD: TOP 10 RAPPLER ARTICLES OF 2019

This year I wrote a total of 54 Rappler pieces, more than I wrote any year prior. Here are the top 10 pieces of 2019 based on the impressions/engagement. (1) Just how bad was corruption during the Marcos years?

There's renewed interest on the Marcoses these days. This piece, which I wrote before this year's ML declaration anniv, talks about the extent and depth of Marcosian corruption.

rappler.com/thought-leader…
Jul 27, 2019 • 7 tweets • 3 min read
THREAD: Why Duterte's blanket ban on PCSO games is not so much anti-gambling but anti-poor. Based on PCSO's 2018 annual report, they generated last year P63.6 billion in net receipts, 30% of which went to their Charity Fund which finances various health and medical assistance programs.

pcso.gov.ph/pcsofiles/tran…
Jul 20, 2019 • 7 tweets • 2 min read
Did you know that of the 75 flagship projects of President Duterte's Build, Build, Build initiative, only 2 have been completed as of April 2019? #SONA2019 Here's the breakdown by status:

2 completed
9 ongoing
9 undergoing procurement
21 undergoing budgeting/financing
24 undergoing feasibility studies
5 undergoing detailed engineering designs
5 are for review