When UK, and Australia tells its citizens not to travel to the Philippines is bad news for the country and specially for the economy.
The advisory is simply tantamount telling its citizens not to invest int he country, that in effect, it will further ruin the economy of the country.
Under the situation where the recent experience in the country where current investors are flying out, the new advisory will further add insult to injury of the economy.
The falling peso rate expected to hit into 55 to 1 dollar is already a fearsome sign of the forthcoming hardships in the country.
We are building and selling the country to investors, and yet this thing will strike us back into a backward situation.
We need to support ourselves by building friendly local business incentives and atmosphere not only for foreign investments. It is better at this point to build up confidence for our local capitalists in micro sizes that will lift up the economy of the country instead of waiting and relying on the arrival of foreign big investments that is hampered by our bad image and perceptions abroad.
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