chickengod comments on Peso dives to new record-low vs. US dollar at P59.355:$1

[–] chickengod@lemmy.ml 3 points 10 months ago (3 children)

I don't remember where I read it but, the BSP is unconcerned about this claiming that this greatly benefits the outsourcing industry, which remains to be our primary economic driver.

In my opinion, we're relying too much on an industry that may make less impact with AI challenging human productivity.

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[–] lechekaflan@lemmy.world [S] 4 points 10 months ago (2 children)

Actually, I do hate that this government is addicted to remittances instead of further developing domestic industries.

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[–] chickengod@lemmy.ml 3 points 10 months ago

Indeed. We can't survive on remittances and outsourcing alone. I feel like we skipped the line on Agriculture and jumped ahead to services. Our manufactuing is also still immature.

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[–] hanrahan@slrpnk.net 2 points 9 months ago

Tourism seems obvious but that cant happen until infrastructure is addressed. It can be difficult for locals, its a nightmare for tourists. Manila can't be much until traffic issies are addressed, so much lost prodictivity for locals, let along the entire city is often a barely moving parking lot.

None of that can be adressed until corruption is dealt with :).

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