USD 10,000,000,000.00

USD 10,000,000,000.00
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Friday, January 22, 2016

Today with Anger

Good day, January 22,2016,

I tried to say thank you for all i have.  I really do want to say thank you for all i have.  I would like to share business life here in the philippines.  In paper the philippines is a really good place ro do business.  The market is more forgiving and the people here tend to have a spend first mentality.  This is very good for a businessman.  Here lies the really problem.  With competition getting intense and every margin is being sqeeze from products and services.  The last question in mind is how could businesses earn money with this kind of environment.  People tend to strive and do better when they are challenged and given some obstacles to win.  The only problem here in the philippines is the red tape.  Its the unspoken or hidden cost in doing business here in the philippines.  Importers have problems in releasing their goods on time.  Businesses values time cause investments returnes are computed with time over money.  Government institutions gives business too many steps to accomplished a certain regulatory requirement and it takes time to complete them.  The another is the cost of completing them.  If the shipment gets stuck on customs,  warehouse charge is being inccured hence it would benefit government due to fee and taxes.  Mostly the delays are intended cause people would like to give something extra to make them move faster.  This extra fee is placed on top of cost of goods and passed to customers.  Asked A very well known brand of Icream which stop its operations here due to red tapes and under the table kickbacks.  Their goods are Ice cream and the rush to transfer the products to a more well placed environment.  Apparently the more you want your products to be release the more it would cost.  Another hidden charges in the philippines is the tax,  apparently regardless if you pay the correct taxes they would find errors on your accounting or they would know that you have hidden something or did not declare a certain amount this would eventually be used as extortion of money.  Foreigners dont know how corrupt and sideways the governement here in the philippines.  The government thens to ignore this kind of hardships to its citizens cause it works as an economic incentives to their people who they underpay or pay them delayed.  While other infrastructured are known to have 10-50% markup to be given to the projects authors.  These are not limited to not following the rules,  governement would impose minimum wage rates while they themselves only pay brangay tanods an equivalent of uSd 60-70 per month depending on the exchange rates.  Come on,  government should uphold order and guide the people to the path where they want the country to be stirred not a means and ways to give opportunities to others and leave the less fortunate to fight their own battles.  Governements should give opportunities and make sure that everyone have the same opportunities.  

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