peso falling against foreign currency

 Our government should intervene in or take action regarding the current situation in the US and the peso currency exchange rate to avoid economic collapse for the country and for the sake of national security. This expression or suggestion is an intervention for economic policies that should be undertaken to abate the continued destruction of the Philippine Peso against foreign currencies. The country lacks a manufacturing base or export industries to counter and balance the demand for USD, which continues to hurt the economy where inflation is at dangerous levels.

Unless drastic measures are undertaken or economic policy shifts for the country, the spiraling effect of the falling of the peso currency against foreign denominations will spark collapse and destabilize the condition of this republic.

As of now, the peso falling against any foreign currency will impact the lives of our people, and such consequences must be met with a firm government policy or a change of course in the current situation to avert anything dire at the moment.

Manufacturing

The country has very low manufacturing activity, or this sector is neglected, knowing that it is essential for economic progress. Trade imbalances between imports and exports are causing the peso to fall, and the government must understand that it should immediately install long-term protection for the peso or the economy by leveling exports and imports or, as much as possible, exceeding them and creating a surplus. 

Relaxed business regulations

While we consider our manufacturing sector an infant compared to other Western countries, particularly China, the government must consider or recognize that we should issue moratoriums on all industries. At the same time, we will move towards the level of industrialization goals. We should not apply strict regulations that discourage start-up businesses because start-ups cannot comply with the regulatory requirements of companies, causing them to close operations. 

In many areas of the country, whether urban or provincial, the government should refrain from shutting businesses because they are not faithful to regulations. While it is true that rules are violated, governance must not intend to shut businesses down at once; more so,  they may be granted periods or due consideration of recovery and rehabilitation of the climates businesses are facing or battling. To save the economy, small start-ups and struggling industries must be saved instantly by the government by granting rehabilitation periods to overcome marketing challenges and save the sectors that naturally are confronted by the ups and downs of market trends that affect them.

The government should consider the conditions and factors that entrepreneurs are fighting to keep and survive in their own fields of industry. The administration should understand that the law of supply and demand is a factor that commerce has to deal with, especially in international competition where foreign currency inflow is the goal.

Government agencies like the LGUs, the DTI, the DENR, and all other component bureaus and agencies' role in regulating industries should consider that industries must be kept alive and running. All should be included by knowing the situations of companies facing bankruptcies and closure due to market conditions and completions abroad. The good government policy should be that no businesses must close shop; instead, keep everyone alive and running for the sake of social benefits for all the population. While finance and cost operations are the main problems of an enterprise, it is not always in the country's best interest if no industry is left.

Remember, our goal is to have multi-millions of industries running in the country that will eventually surplus this economy. We understand that compliance of businesses with the government is the core  problem, but it is not always 

During this period, the government must not kill industries and save those that are failing. We understand that failing companies have lots of troubles and problems emanating from their management, resources, and other reasons not positive or healthy at all; still, the policy must be to save the skill, technology, and know-how of the business or the industry that must be saved. The government can introduce cures to companies that are failing or may subsidize them to keep the technology alive and look on the positive side of the endeavor for the country's benefit. there is employment, GDP, lessening of trade imbalances, and reducing demand for foreign products that are killing the peso rate exchange, thus saving our foreign reserves.