Challenges and Opportunities in the Philippines
Tony pointed out that bureaucracy is the core issue for the Philippines, such as:
(1) disparity between the rich and poor
(2) sluggish operation for government bureaus
(3) a lack of capital flow in the country
When compared to other Southeast Asian places like Singapore or Hong Kong 🇭🇰, the ease of doing business is relatively lower in the Philippines. So what could we do?
However, he thought these are also opportunities. For the inefficiencies of the landscape, maybe that's a signal 📶 for vendors to enter the market so that the status quo will be changed.