Silk Road 4: New business opportunities for Philippine businesses
Posted On July 17, 2021
Silk Road is one of the hottest global trends right now and a new business opportunity is emerging for Filipino entrepreneurs.
The Philippine economy is facing an enormous challenge from a combination of factors.
There is the massive trade deficit that is currently over $10 trillion with its neighbors.
The country also needs foreign investment and investment needs to come from the region.
But the problem of foreign investment is also exacerbated by the fact that the peso is currently trading at a high rate, which has contributed to the recent inflation in the country.
The Philippines, a country that is not one of those countries that have a lot of manufacturing, and has been very weak in manufacturing, is currently facing a problem of a lack of skilled labor.
It is a very important challenge that needs to be addressed.
According to the Philippine Chamber of Commerce, the number of foreign employees is estimated to be over 1,000,000.
This number is rising every year.
Filipinos are not very knowledgeable about the foreign exchange market, so it is difficult for them to access foreign currency.
The only thing that they can do is to make transactions with local currencies.
But this is still very difficult.
In the Philippines, the main problem is that the currency has become a very risky currency.
When you are trading with foreign currencies, you have to be careful and you have no way of knowing what you are exchanging.
So, you need to be very careful in your transactions and if you are doing things that are against the law, you can lose your money.
If you do things that you know are illegal, then you can be fined and lose your bank account.
The most important thing for foreign businesses is to take a look at the laws and regulations and understand that they are different in each country.
You need to know about what the government considers a fair trade and what it considers a dangerous trade.
For instance, a Filipino can use the Philippine peso for purchases, payments, or sales, but a foreign business cannot use the pesos for transactions or investments.
In China, there are laws that prohibit foreign investment, but Filipinos can use their local currencies to make payments, so they can make payments without worry of the government going after them.
This is very different from the situation in the Philippines.
For Filipino entrepreneurs, the Philippine currency has been a great tool in the past because there is a lot to learn from its history.
The peso has a long history of being used as currency.
In fact, it has been used since the 17th century and it has always been the reserve currency of the Philippines in terms of its value.
The current devaluation of the pesotrading rate is also due to the strong dollar, and because of this, foreign companies have to use their Philippine currency for transactions and investments in order to earn profits.
The Philippines has been trying to diversify its economy and attract more foreign capital, so there is definitely a need for Filipino businesses to diversifying their economy.
So they have to become more efficient.
There are many businesses that are already taking advantage of this opportunity.
In this way, the Philippines is also attracting foreign investment.
We are going to see more Filipino businesses going abroad.
I think the Philippine economy will continue to grow, but this time it will be more in the form of small businesses and the Filipino entrepreneurs are going abroad for their own reasons.
It is a problem that the Philippines needs to solve.
We need to invest in our own domestic businesses, but if foreign investors come, then we have to go to China or elsewhere to recruit and train people to go back to our country to take advantage of the foreign markets.
So it is a bit of a dilemma for the Philippines because we need to diversified and diversify our economy and we need foreign investment in our domestic economy.
So, what is your take on the Silk Road phenomenon?
Let’s start with a couple of facts.
In 2013, the International Monetary Fund (IMF) gave the Philippines a $200 billion loan package.
The amount was to be used to create the Philippine Economic Infrastructure Plan (PELIP), a strategy to build infrastructure and modernize its economy.
The goal is to build an economy that will last 10 years, with the goal of having the economy grow at 4.5% per year.
This goal is very ambitious, but we have not met it yet.
So what is the solution?
The problem is not that we are not developing our economy.
We have already started to do that, but it is the lack of proper investment that is creating the problem.
The IMF said the Philippines had already invested about $8 billion into infrastructure projects.
The reason that we need $8 billions is that we have a very weak economy.
There are very few industries and most of the investments have gone to infrastructure projects, but most of these projects have been funded through government.
If we invest in infrastructure projects that are going toward