The world's innovation is booming, every nation is rapidly increasing its fair share of technology startups. The Philippines, however, is lacking. Do you think this can all change? Let us know down below!
@@giovannilaru-an this is an eye opener video and we are no even sure if the person behind this video is a Filipino citizen but he do sure that we can see what and where we are lacking.
@@skreyao4898 *nakakainis din kc eh. Alam nya ang problema tas d nya alam ang sulosyon? Ang problema lng pinakita nya. Ano purpose f wala nman pla solosyon? Pra pahirapan tau lalo?*
@@giovannilaru-an kaya nga dapat tayo mismong mga pilipino ang gagawa ng sulution, nasasaatin ang huling decision yung gusto ba natin umangat o tumunganga nalang. Napaka linaw naman talaga ng mga problema sa pinas eh ang problema lang ay may mga tao talaga like mga corrupt na politiko na ayaw ito sulutionan para mapanatili tayo na mahirap at magamit nila ang pagiging konsumidora natin para mas mapabigat pa ang kanilang bulsa
@@skreyao4898 *lgeh ko naririnig yang kurakot daw bansa natin. Nakakasawa na. ikaw f kurakot bansa natin. cno nman yung mga kurakot? Pangalanan mo nman. nakakainis na din yan eh. Pa ulit². c villar at singsong buh yang mga kurakot? Sabihin mo!*
I don’t think this statement is still true today. Philippine local products are getting more popular and preferred. Support for local businesses is growing and referred to as better quality. Seen people saying na “mas matibay” ang gawang Pinoy nowadays. At kapag peke at pangit, “made in China” na ang tawag. Mentalities have changed now actually.
@@Ymats-dj1nt Ganun na nga sa panahon ngayon. Pero dati yata, mas ayaw ng Pinoy ang lokal dahil low quality umano. Pero iba na ang pananaw natin ngayon.
Filipinos were not geared to be enterpreneurs. We are trained in school to be employees, not employers. There's also a shortage of economists in the gov't who will think up advance economic ideas and putting them into use for the country's growth, not just short term but a long term plan.
Exactly what I thought! I'm planning to be an entrepreneur but I notice that my school focus on scholastic and professional skills. Not financial skills. That's why some accountants and entrepreneurs are having a hard time.
to be fair, the long term plan is *Constitutional Reform* where the current 1987 Constitution will be revised. Why? The constitution restricts Foreign investments (FDI) in the guise of "Filipino first" policy. This filipino first policy roots from protectionism in the mid 1900s. In this age of globalization, protectionism should never have room on Economic provisions of any country. So, why is it there's no Constitutional reforms? Well, it was ATTWPMTED MANY TIMES BY PAST PRESIDENTS *1st attempt: Fidel Ramos' Presidency in 1997* It's called PIRMA Why did it fail? -Cory and the Catholic church opposed it. Probably because they don't want the legacy of Cory and the Yellow regime to be stained. Reforming the constitution which Cory and the Catholic Church supported means admitting there's something wrong with it and it would conflict to how they present it to people as perfect and 'best in the world'. *2nd attempt: Joseph Estrada's presidency in 2000* It's called CONCORD Why did it fail? -Again, Cory and the Catholic church. They staged a coup/protest against Estrada because he 'corrupted' some money and that he should be impeached. They were successful. *3rd Attempt: Gloria Arroyo presidency in 2005* It's called Charter Change, the infamous Cha-Cha Why did it fail? -Of all the presidents that attempted constitutional change and a switch to Federal-Parliamentary system, Gloria was the most vocal. She announced it on her SONA in 2005. This made the Liberals, Cory, and the Catholic church angry. They staged coups, allegation of corruptions, plunders, electoral fraud, and another EDSA revolt. But Gloria was simply not a weak President despite being a woman. She finished her 9-year presidency. *4th Attempt: Rodrigo Duterte's presidency in 2018* It's called Constitutional Committee Why did it fail? -Same case with Gloria Arroyo. It was blocked by the Senate. It also doesn't help that the chairman of the Constitutional amendments was a Liberal party. He opposed it and sat on it. Duterte gave up the plan to switch to Federal-Parliamentary and asks the next President to change the constitution and the political system.
That's why financial literacy is a must... Filipinos can be trained and educated to be a successful Entrepreneur by being street smart 👌 "Don't let schooling interfere with your education." #LabanPilipinas #TeamPayaman
I've been a software developer here for ten years. I've worked for startups as well as BPOs. We will never achieve the greatest in this industry because of brain drain. Because after gaining enough experience working for a local firm, we leave for a high-paying foreign tech firm. What is happening is that local tech companies are mere "incubators" for inexperienced developers who write bad code to the detriment of the company. It's similar to making their first company a guinea pig. As a result, most local tech firms are frequently left with toxic, underperforming employees who, for obvious reasons, are unable to leave. It's not surprising that a local tech frequently hires recent graduates and inexperienced employees who are willing to accept low pay.
The converse is also true. Most local companies don't have much of an incentive to train young employees in key sectors (like IT), only to see them leaving at the first opportunity they have to make more money.
Good points but on the same note related to this content, why can’t local Filipinos start their own tech companies instead of joining someone else’s. A good number of tech billionaires today started in dorm rooms who did not finish college so what is stopping Filipino from doing the same.
@@rl8571 It's challenging to launch a tech startup where people come and go. Starting requires pioneers who are fully committed. Often times these supposed pioneers jump off the boat as soon as the opportunity from foreign tech comes in because of enticing pay. The attrition rate is so high that the company is in a state of perpetual inexperience. I can give you an anecdote about the actual ratio of graduating programmers. When we were in college, we had around 80 students, and when we graduated, only five of us were fully committed programmers in our batch. The rest did not graduate, changed their course, or found another job. It's far worse in other stories. With a very low rate of people who enrolled to actually become programmers, why would people risk choosing to stay with a local company for a long time when every tech firm is after you? Additionally, local markets are less lucrative than those in the West. Many times, businesses in this country don't actually take local developers seriously, whereas a similar project in the UK would be extremely profitable. In conclusion, there are a lot of Filipino developers working in this industry. Most only work for foreign tech because they pay more.
@@rl8571 Let me tell you, it's very simple. The IT industry, just like any other industry in the Philippines, is rigged against genuine young entrepreneurs, with skills and courage. The only "high-tech entrepreneurs" who have a shot at doing something usually have wealthy families who give them "sabbaticals", where they can waste a couple of years and a few millions before they're off to Harvard or Loyola for their Masters, or they start with their family businesses.
One of the reasons for this is that the inventors in the Philippines weren't compensated well hence the reason why a lot of our brilliant tech savy people are working abroad. But just like you said, the government is doing something and that the Philippines is still developing and with more than 100m+ population, it is not far fetched to think that someone will rise.
@@The_Herniator I think it was already open now. As far as I know, Duterte already approved this year the bill to lift the FDI 60 40 restrictions. Now foreign business can have 100% ownership.
@@LarryfromPH I read the law and included there is also the revision of what 'public utilities' mean. AKA under the new laws, any foreign company can start any business and own 100% of it.
I have lived in the Philippines for the past ten years. I am a businessman in my home country and I brought that mindset here with me to the Philippines. I tend to go "against the grain" in my business practices. This means to me that if there are certain weaknesses in the Filipino system that make it difficult for us to compete internationally then there might be a way to exploit said weaknesses to my advantage. So I started a tiny manufacturing company here that has grown to be the biggest private employer in my small city. We manufacture hand tools for sale internationally. I buy everything I can locally and sell internationally, where the money is. I kind of suspect that others will eventually see these discrepancies that make it economically advantageous to manufacture here and will do the same. In my own limited field our Filipino made products have come to be known as the highest quality that the world has to offer rather than the lowest.
I hope there are more investors like you out there who has a mind of their own and does not follow the herd. Those herd tends to believe the propagandas againts a certain country like the Philippines.
I heard from a Filipino going to a tech school where the teachers were actively discouraging students. "You are not smart enough" "You will not succeed" "It is too difficult" The climate is very anti-programmer-friendly.
Fortunately, with the help of the newly signed economic reforms(CREATE, RTL, PSA and FIA), the PH has finally caught the interest of many foreign investors.
@@forte609 more than 70% of our debt is domestic. Not to mention, the country's Foreign exchange reserve is already >$100B. I don't really get why pinoys are paranoid about the country's debt. Perhaps taking a brief economics class would ease their paranoia and delusions.
@@apinezstats2237 To be honest I cant blame them, they're influenced by our media that are always making a big issue about Philippines' debt, interviewers and their articles always make it as if it is an ABSOLUTE figure to look at, nothing more nothing less. Every time I watch an interview about our economic team on the TV, they always do this.
@@aestheticjedi1868 the difference being those those knowledge based economies have a track record of innovation to help dig themselves out of the debt mess they are in. The Philippines does not.
The big problem is the smart and talented ones leaves to work abroad because they can earn better, be stable, and provide their needs unlike while you're living in the Philippines even if your a nurse you still get paid less. Not only that corruption is also one of the reasons why some parts of the Philippines sector is failing.
True, also due to high corruption in the government and connections over talent mentality, most likely a good tech product here will be killed off or be taken over by a politician/oligarch once it starts printing money.
@@jbangz2023 Like who? Only the well-connected to oligarchs people succeed here. Even our chess grandmaster Wesley So is now representing the USA and not the Philippines. Have you tried starting a business here without any connections? The gov will make it really hard for you to profit whereas you can easily start a business in a few days in Europe or so.
@@xmarkclx My brother is a civil engineer and so far he more successful than me. In 15 years of working here abroad, I paled in comparison to him having a successful construction firm. Now you know.
@@jbangz2023 Are you also a civil engineer abroad? Civil Engineering requires a lot of effort and study, and managing a firm is even more. If you have a different job then you can't really compare. Our politicians are gods here that can do anything, while politicians in other countries are there to "serve the people". I am also an engineering graduate.
The true reason is corruption. Tech startups here have a hard time just even filing for a business permit. A lot of government agencies don't move(make decisions or approve requests) till you give them a little grease money. Basically nothing moves till someone gets paid off. This is the real reason why there is hardly any growth in the country.
@@maarlikha, he lives in Mars.... not in the PH. For instance, I don't drive in the PH because traffic enforces were always stopping me with absurd reasons just to get their toll. Wherever you go, bribing is there.
@@maarlikha boy wg masyado pabibo, ultimo america napa tindi ng corruption mas lessen na nga stin dahil ung mga ginawang batas na pinag tibay ng du30 administration ay umiiral. "Cutting red tape"
As I observed, economy wise there are quite a few local investments already but not as promising if compared to neighboring countries. The current inflation in the Philippines is very high. Many people have overlooked how much the country suffers from constant price hikes. Other Asean may benefit from this as they can get more international investors to themselves. Vietnam is an example. The foreign debts and even local debts are also growing rapidly. Ph should exhaust all the resources possible to grow and attract more investors to pay all the debts.
Mindanao is the blacksheep of the family. There so much OIL there but can't even extract it because of those Muslim clan wars. If you heard the news about other asean countries, you should know that we're not the only one struggling with Inflation and Global recession.
I am an IT Grad in PH and I can tell you something. PH miss understood the difference of IT programmers and Technitians and only so few works for IT Programmers are in PH
Besides that, the PH lack high skilled people. Good ones just leave the country. Extremely hard get a Data Scientist, Data Analyst, Data Engineer, Cloud Engineer at same level of India, for instance. What you get easy are impostors, engineers by CV, not by competence.
We're in the works of being competitive in the industry of Data. The Analytics Association of the Philippines, Development Academy of the Philippines and the Department of Science and Technology launched a scholarship program aims to graduate 30,000 individuals in the field of data science and analytics and foster a community of Data Science and Analytics practitioners.Hopefully, we will be a data driven country in no time. Check Sparta Project, if you wanna check.
Thanks for the info,@@NEIL-sc6wx! I will check it out. We really need this sort of professionals here. The pay is good, higher than other professions, and I am quite sure that will improve so many Filipino families quality of life.
as a Filipino Programmer, I am actually looking for a job abroad. The pay here is ok, but as a first-born son, and my father is no longer working, I have to support the finance of the family.
@@isaiasprestes i would love to work on those field that u mention but here in philippines industries requires licenses unlike in abroad u will grow in terms of experience and dedication thus landing u high level jobs such us automation engineers, soft developer or manager without needing license as these current advance skills can be learn without going to big universities only with proper advance training direct to OEM or other sources. In abroad, skilled filipinos are the ones who are excelling in any aspect of work just like what i experience on hand. I'm not sure when this trend will surpass that mostly great minds are venturing outside the country. Hopefully the next generation will not be deprived of opportunities here coz its sucks working away from your family and missing the normal life living with your family.
Whilst it’s encouraging that recent changes allowing 100% foreign ownership of businesses will spark off investment, it still is not enough to help the start up scene. It’s still massively bureaucratic and difficult to start a business in the Philippines when compared to the UK, Singapore, Hong Kong etc. Also the corporation taxes are ridiculously high in PH discouraging businesses to be set up. Personal taxation is also stupidly high when compared to other regional neighbours like Singapore and Hong Kong. Also, the quality of university degree study for Technology related courses such as computer science is frankly garbage. The first year students barely even code! Hours spent attending religious lessons and church masses is not what employers want or need from graduates. The whole system is in massive need of modernisation and politicians and the church need to be kept as far away from business as possible.
Employers should also be more open to job applicants when it comes to requirements. The usual ones you see when it comes to programming are 3-4 years bachelors degree but then there's also 2 year vocational courses that should be more than enough. Where will those who took up vocational courses go then? Go back to school and get a proper degree? IT/CS courses are a joke.
Sorry to be negative guys, but we Filipinos lack the basic character required of startups that can pass the stringent criteria of venture capitalists. In my opinion, among south east Asians, Filipinos are far behind in terms of demonstrating tenacity, courage and the determination to succeed no matter what. We are prone to look for an easy way out of tight circumstances, quick to find excuses or blame someone else. One only has to read this comment section to find there's lot of blaming and excuses. There are no shortages of ideas from Filipinos, but putting those ideas to work need some strong character that venture capitalists look for on the founder before putting a cent of his money into the startup project.
It's nice that there's someone here smart enough to know the real reason why. Is there anyway I can contact you? I want to exchange ideas with people like you. I'm going to build an indoor farm big enough to achieve supply security of rice and help the locals in the provinces embrace modern farming technology especially the ones from Japn
@@chrisc5991 we need modern farming, with just a simple homemade tech you can already build modern farms. I hope you can find people who can help you. I would love to see PH also embracing indoor vertical farms.
@@czypherth I've saved up some money to buy a decent solar system capable of supporting the set up I have planned before the year ends. By next year I'll slowly build the setup every month. Only by providing enough data will venture capitalists will take interest in my ideas. Slowly scale things up for 2 years and by the 3rd year It will start generating some cash to sustain a portion of the operations. Profits are expected at the 5th and 6th year taking everything into account and the only thing that might prevent that from happening is me dying too early. It isn't fix and it may take longer but I'm positive I can achieve them.
Unfortunately, you're right. Even though we've been known to work hard, this observation overshadows the real meaning of our hard work: "to have just enough to get through some years" We don't work hard enough so we may discover the ultimate cure for cancer or be the first filipino astronaut even to walk on the surface of the moon. No, we work hard because we want to feed our family. A noble cause indeed. But the muse dies here. We stop striving for more goodness when we're given a secure life despite the wonders that lie on the precipice of this "comfortable" life. This is evident in our businessmen and women. When they hit their peak, enough cars bought, beautiful houses owned, and banks filled to the brim, they stop being creative and innovative. They fall into stagnation as their employers grow old with them. All the same business models, the same products, the same rules, the same people, the same thinking. Banality, at its finest. This doesn't inspire filipinos to develop cures for diseases. Forget about the moon landing. Only, this enables them to embrace the mediocrity and the "just enough" thinking. As a Computer Science graduate, specializing in AI and Machine Learning, I blame myself everyday for being fascinated about a field that is almost as nonexistent as snow here in PH. That's an exaggeration of course. There's a minuscule amount of job listings online for Machine Learning Engrs and they all require 10+ years of experience plus a master's degree or a phd. And this hasn't changed in 5 years. Nobody's changed. Because nobody wants to change. "We already have one engineer on the team (that one guy who's the manager's cousin) so why should be gamble on another one? Why the hell would we want more intellectuals if one does the trick just fine?" Yeah, goodluck writing millions of lines of code by yourself everyday. It looks like true and meaningful change will only happen if we admit to ourselves that we're not good enough and act on it. But since we're filipinos, we don't like others to point out out flaws, even ourselves, we'll have to wait for that change for a while.
The seeds are there and the ecosystem is growing. It's like a pent-up frustration that just needs a catalyst and it'll explode. We just need one, not the old rich-backed startup, but a true startup. From the ground up, by a dreamer, by a visionary. Using, devouring all obstacles in their environment as fuel for the conflagration in their hearts and not excuses as to why it's hard. It's here, it's inevitable and it's just a matter of time.
@@LarryfromPH Exactly my point. We need someone who comes from ordinary family background. No Trust fund, self-made. Someone who went through the hardships that most of us Filipinos are facing, but never used that as a reason to start their own company and thrive. I know that's a common story, but none of them are charismatic enough to capture the young blood's imagination. I am hopeful though, I know someone, somewhere in our country is already planning for that future. We only need 1 catalyst, you anon who's reading, ikaw na ba yun? don't stop and dominate, for what it's worth, I'm rooting for you.
Most Filipinos are not mature enough to accept homegrown startup companies. Add to that the bureaucracies and red tape in setting up one in the country...
One thing I noticed is that you mentioned PayMaya and Mynt are in partnership with bigger corporations like Ayala and PLDT. Isn't that how you grow start ups in the first place? As I understand if you want to reach a bigger audience in your services, you have to invite bigger companies to help you put out your plan. Also people keep mentioning all the time "government this", "government should do that" in every comment section about businesses. My answer to that is the fact that the government themselves lack the business capability. No matter how much money the government gives you, if you cannot deliver performance and revenue wise, it's a complete waste of funds and energy. That's why we have bigger players for that. That's why we have so called investors. DOST have that idea in supporting local technology start-ups but the process is still the same. They invite investors who are interested in the business. Either the reason is what I mentioned above or it's Filipinos are just so bad at entrepreneurship. I could be wrong.
Yup. People expect the Government to help their business find connections for them when even the Government itself can't find business partners. DOST already has blueprints to build Trains, AGTs, E-Jeeps, Engines and Automated Gun mounts but no investor is willing to manufacture for them.
Exactly, governments do not control businesses, that's socialism. We do have the 60/40 rule for investors which hampers investments. But you do not tell the government to change how businesses are
@@t_0246 *MANY TEACHERS AREN'T VERY KNOWLEDGEABLE IN PROGRAMMING, WEB DESIGN, AND ANYTHING I.T. RELATED, HENCE, MOST STUDENTS GRADUATE WITHOUT THEIR FULL POTENTIAL*
I agree. I am an IT graduate who is suppose to specialize in web development and c# but found out I need more learning so I invested in courses from Udemy and listened to some UA-cam courses as well.
Top 5 STARTUP ECOSYSTEM in PH 2022 1. Manila 2. Cebu 3. Cagayan De Oro 4. Naga City, Bicol 5. Davao City Google niyo na lang kakarelease lng this 2022. pasok din sila itong 5 sa Top 20 sa South East Asia. Pasok itong 5 sa Top 1000 World Wide. Congrats!!
now alam na natin, lazada, shopee did this just to avoid tax., start na natin tangkilikin ang sariling atin muna. BBM+SARA, Where in fact there's a lot of Filipino apps developers and it just happen its underrated .
Mostly Filipinos doesn't have business minded, rich Filipinos doesn't want to be richer that's why mostly of them doesn't invest for own company (don't want to do big businesses) instead they just invest on others company.
For 15yrs now, I literally made my living doing microchips and advance test development for other countries. (USA/ISRAEL/CHINA/TAIWAN/CANADA) Yet I cannot apply all my experiences and know how in my home country Philippines. Because aside from dirty politics and corruptions discouraging investors, employees will just keep complaining to their employers thus hurting the business.
Businesses seeks a desirable workforce, infrastructure, and a market (locally or globally) to execute its business strategy and operations. Philippines has an emerging workforce, and needs significant infrastructure improvements to attract meaningful business. Maybe a well managed relationships with China can be beneficial. Creating a more credible, reliable, efficient, and effective government structure will provide strong pillars of support for the Philippines and its future. Note: Vietnam has struggled to many its China relationship with success and challenges. However, it struggles with tackling corruption, infrastructure, rural, education for older adults, and rural Healthcare. Any of this familiar?
Why not Japan or the US? China is a stinkhole. The last thing the country needs is owe them not just finance but in terms of favors. I'd rather work with Japan than them.
And the incoming Finance sec is confident enough with it since we are ending with a good numbers thanks to the outgoing administration. If the pandemic did not happened at all, we could've reaped a better result from it.
Don't complain if the local products quality is not so good. Support them first then the quality will improve. Government should focus this especially on agriculture.
No agriculture! but we as south east asian must need industrialitation every sector we had like british, japan, korea, china , etc did Greeting from indonesia
@@robihamdani5385 Wdym by no agriculture? Agriculture is the most important sector of the country that needs to focus with, Good agriculture system in the country means lower spending on the daily needs of the people, you can even sell the agriculture products to other countries. The three countries that you have mentioned which are Japan,china and korea gained economy boom because they focused first on helping the agriculture sector which gave the country a sustainable life. Look what is happening right now, countries that didn't focus on agriculture like Singapore, Malaysia, Indonesia, Philippines and many more are suffering from meat shortage because of the war. The daily needs prices of the people are sky rocketing and it's making the people more poor. So don't ever say No to agriculture honey, you should have learned that to your school subject. Greetings from Philippines 🙂
PH is not lacking of competitive people. Most Filipinos are capable of creating startups, however they are just too lazy (or afraid) to start immediately (mañana habit?) until they probably set-aside those brilliant ideas :)
There is less investment in the country because investors are worried about people keep electing corrupt politicians. Corruption is the biggest concern for every investors, either local or foreign.
Corruption is eveeywhere, look at india, they are trillion dollar economy and yet there are more poor people than the whole population of the philippines because of corruption, they are the online scamming capital of the world, scamming the US with billions of dollars mostly from old retired people. Same thing in nigeria and a whole lot of other countries. Philippine goverment is corrupt but as economy improves it should alleviate the corruption.
blame that to the administrations from 1986 until recently. The leaders are poor-minded and lazy they just wanted to sell assets, sell gold out of the country, send people abroad and waiting for dollars to come in, sitting pretty- the kind of leadership is without love to the country. Just recently, that will change because people have risen from sleep and elected loving and wealth-minded leaders. We hope to improve.
blame that to Marcos Sr. administration, where the corruption and debt of the Philippines is the highest, and so until now we are paying it and the following years became poorer and poorer until now 2022.
@@Alibadbad In fairness to Marcos, you can calculate all the expenses and projects, assets of the Philippines during his time (numbers will tell you) and you will understand where the money went. It is not good to judge somebody when we do not know what we are saying. Corruption is man's sickness and it starts from home. That's why our government and the people are suffering. Much more corruptions came even in the time of the Yellow presidents- history and results will tell us. Much more tax evasions came after Marcos: abs, tan, fortunes, pacquiao, and many more- trillions of pesos. And Oligarchs were taking advantage of the poor during this Yellow time also. They took advantage of water and power. They charge the people too much to bear- this is the worst form of corruption that you can do to your nation. We did not mention about the corruption in relation to the Hacienda Luisita, Yolanda Fund, Dingvaxia, SAP 44, the killing of the farmers, the sequestered properties of Marcos and other assets by the PCGG where are they? They were corrupted right? Where are the billions of pesos the bank of Switzerland returned to the Philippines? Ahh it was used to purchase "Abuno" kuno but the farmers never benefitted from it, what? Yes that's true. And many more corruptions! Senators corrupted, congressmen corrupted, governors corrupted, mayors corrupted, Barangay Captains corrupted. So, who is not corrupt? You see, if Marcos was the most corrupt what can you call them after Marcos. Devilish CORRUPT. All Marcoses are still here and not in jail because nobody can prove those allegations. That's why Duterte cursed them by his mouth and exposed them.
Businesses should be run and operated by the private sector, not the government. It is unfair to the competitors if the government owns or manages a particular business industry. And based on experience, most government-owned and controlled corporations were either bankrupt or in huge debts or did not develop or remained stagnant when handled by the government through its political appointees. Just take a ride in one of the trains of the Philippine National Railways (government owned and controlled) and tell me if it is good to be run by the government.
Any serious startup founder is going to incorporate in Singapore. I have experience in both countries. One is very hands off, the other has a huge collection of forms to conplete each month and piles of required paperwork to complete to accomplish what should be simple things. I would think that incorporation in the Philippines would be a big red flag for any VC looking to invest.
The problem is funding. Germany has many small local banks, credit union serving the locals and fund start-ups. These system was adopted by the Chinese. The Philippines can do the same. University projects/research can also produce start-ups. Improve the education system the push for STEM - Science, Technology, Engineering and Math.... train the students from elementary to high school ..... school projects in these fields.
Internet speed need be solved first ， and open the market for directly invest，faster the process to open a company.Phillippines has an adventage，that most of people good at English，they are easily to connection the world
Funding from government for startup projects are not well broadcasted. People doesn't know how to get funding so they choose to loan in banks which has a very high interest rate. And those who get funding are only the people who has connections in the government agencies who are tasked for those innovation.
Not unsurprising. For example, the Philippine Navy ditched their opportunity to acquire technology transfers for their OPVs. They were contented their 6 OPVs will all be built abroad. Their reason? Commonality of systems, lolz. Since they know commonality is important, they thot they can fool the entire public w/ it. Not everything is commonality, if it were, then they would've not entertained other suppliers. See? Easy to dismantle their excuse. their other reason is that they need more vessels as fast as possible. If that's the case, then should've focused on acquiring as many refurbished warships as possible as the fastest & temporary solution to buy time for the very time-consuming acquisition of brand-new vessels. They ignored such path, & now their brand-new OPV acquisition backfired & so their rattling where to get more vessels & so sacrificed the precious technology transfers, local production, local sustainment of naval OPVs... Instead of taking responsibility for their mistakes, they tried to hide it by using sugarcoated statements
I wonder if the surge in nursing courses is partly to blame on this one? A lot of parents would like to have their kids get into nursing because of a promising paycheck, thus, other industries like IT, Computer Science, Engineering, Agriculture, etc. were basically ignored. Even the government put a lot of support for nurses and everyone else got screwed. We need engineers, architects, agriculturists, etc. I hope students today will also see the importance of other courses and not just gun for nursing because they were told to or because it seems promising.
The early 2010s nursing crisis definitely affected us.. It gives strong Remittance which is the 2nd of our GDP at the same time, but the negative effect creeps in since most talented people are trained to work to immigrate to other countries which resulted with lack of local development and thus, in years to come, we can't strengthen our foreign investment due to us being a country that relies on labor to grow our economy..
This is not surprising because most investors are putting their money more in vietnam,indonesia,india and thailand.becouse those countries are good on transportation less island like vietnam although indonesia is island country it more better than the philippines geography.
Look forward for the change in agriculture and energy industry...who will do it? It's me of course regardless of issues and barriers here I'll make sure this country will propel itself.
Corruption, corruption, corruption! A country ruled by political dynasties only look after their interest, not the country. Hence, the country's development is not their interests, but enrichment of their families not the country.
lack of financial capital hinders Filipinos to comeup with their own flat form like OISTS pinoy owns website with app, it been a while but still it is stagnant
@@paoloorate2265 first of all you were not yet born during those times when Philippines is only behind Japan wherein it was sending thousands of Armed forces to your beloved egoistic Koreaboos, Lol.
The best programmers in the country would probably just go to the US for more opportunities than stay in the country. Language isnt a barrier so there the best would go there
Philippine Government is indeed lacking in infractacture solely in tech, and partnership of this is also a problem if benefit is the guiding factor and not development; hovewer capital is needed to run certain organization and also people expertise and professional must be paid with their worth or else why do even work in the first place. You cannot deny risk and failure in startups tech business category in which modernization is eminent to dominate society with the help of science's integration. Problem is, the way philippine readealy accept foreign country's with little to none reservation or whatsoever of impact to the nation building due to allied nation. I know this help in maintaining peace and order (look at Russian vs Ukraine) : threat and vulnerability is also a factor limiting the nation march to "New society" by Ferdinand Edralin Marcos. If you really see talent, skill, capability etc. Filipinos have those unique traits thanks to education and will to learn and be better. Now, as the government strive for 'World Peace' this again limit the potential of philippine to be united and solve problem together with existing and new trials already in the nation itself; this tendencies to go this and that that nothing really makes a difference's for the past history. If only all manpower and resources was used for the sake of the country and people then the philippines today wouldn't be like now where we go all the places to have this and that it may seem absurd but the government only can do so much as you know they reliance to us in terms of tax, revenues and many more support the foundation of what can be done on that limited budget that will process to all departments of philippine and then decision where base on the money not the people because this certain trade for good you need to pay. Permit and the likes will always be there for the purpose of legalization not total workload. The long term and short term can't be separated but long term should hold more dominate for the reason it will be there for a long long time which constitute to work progress and in turn will need Filipino to work toward the goal this means employment of expert and even not will be employed during the existence of this body of government and the only way it end is of course the country downfall which I hope won't come but then nothing is impossible as they say, look at china invasion to the Philippines it may seem we have allies sorounding us, however you cannot be sure as that's what politic works they or may not turn back on us when push come to shove. Our government believeing of people goodness, positiveness, kindness, etc. So we desperately need power not to inspire dominion but assurance for security and comfort for the wellness and wellbeing of our nation that's the goal the nationalist. People are poor, people were rich, we stand at the middle where middle class is fully supported in it development for faculties of excellence and opportunity is there. My advice is to look at our president objectively for what he will achieve not fight here and fight that 'cause of differing opinion, speculating this and that, accusasing this and that like all the flaws of a president is the only thing he have: this won't solve crisis in fact it even worsen critism is there to judge nasa on fact and give correction and alternative solution. Identifying the problem then the solution if it applicable then why not take care of it as one uniteam advocate this, but if only the Marcos administration is the one making the action and not helping it in the little way we have very little is attainable remember we only have one country if we do not take care of it dearly like the ancestors mistake then maybe another colonization will happen. Good news that if war really broke out the planet will sure follow right after for its destruction this may be another reason why other countries helping us as technology and science advance it means of destruction to planet earth; mankind in particular is also massive undertaking. However, a possibility that they want to destroy philippines from the inside is also a threat and vulnerability and this facade of status, authority, and power is just manipulation impose to lower the guard of not highly civilized country, archepelago, under development and many name delimiting our means of survival in this cruel world. Be Positive but also realistic and practical with a pessimistic side. One must see all factors involved before we decide as there many fake and not true still existing even now. Support PBBM Philippines folk for his term of leadership that was only six(6) years and be patient then, complain after he step down from the senate be part of uniteam and advocate "nation building" so don't be be distracted you are proud Filipino show your ability and action not verbal fighting when you know that won't even help in building the nation to performance and stability. The words you say may only hear and praise by the many and if no results it will only go to junk and this certain person said this and that then what happens it only become lesson and reminder not to talk big without plan etc. I guess that's also a contribution so treat this message just like that. Hopefully, I won't be criticize critically to much for my patriotism for my country Philippine and wish for it great change to happen without those dark and negative prediction of mine.
With the high corruption rate of all branches of the Philippine government, including the bureaucrats , the top notched Filipinos would rather work abroad. To invite them back? Less corruption and government support. Provide scholarships to deserving students in technology and innovation and subsidized entrepreneurship!
School curriculum (stem) should be updated and revised every so often in a way that students can readily apply it to real world! At a high school level they should already be able to do real stuff! Google has a lot of resources for computer languages! Don’t have to learn it in school!
You are blaming people's education instead of the strict job qualifications people have to go through which causes people to go somewhere else like another country to get better opportunities. Or maybe continue how under educated people here are that the common worker elected a controversial person as their president how about that?
Less technology the healthier the people. Technology destroys cultures that dont need fixing with tech. Support organic farmers and protect our resources
I get it Get a healthier Lifestyle But Technology is very important when it comes to opportunity and economic development Specially in a globalized worlds that we all live in
lol, another idiot spotted... what a cyberphobic. it depends on the people on how they will use technology dude... technology improves life, technology makes the world more convenient, safer, more connective and more productive. technolgy is very important for us to improve and enhance our nation's capability of being presentable and being a livable place. I do not agree with your statement "less technology, the healthier people", look at the nation with poor tech-innovation and industrialization like Somalia, Madagascar and Sub-Saharan Africa, Papua New Guinea. they tend to have more unhealthy people than the industrialized countries.
Startup ecosystem is not good in the Philippines. Almost all VCs here are just buying in so that they can exit later on selling to companies who would eventually let your company die. No one wants to be top dog or even make an industry.
Filipinos rather invest their time and money in capturing the hearts of the poor and join the next election than investing in e-Commerce. Return Of Investment is quicker.
@@helohelo2610 It's not really that big, Singapore is more like a big city. Philippines is 410 times bigger than Singapore which is more complex to handle. You guys are technically chinese with lost culture lol.
It's because most filipinos has no entrepreneural mindset. Partly to be blamed is our school system which trained us to be employees, not employers. That's why, most businesses also in the Philippines are owned by foreigners, even most of the top richest men aren't truly Filipinos. We are being enslaved in our own country.
cryptocurrency is just a scam. and won't have any impact in the success of the Philippines. only 100 Filipino knows about crypto. others don't know it exist
Philippines will be the one of the biggest economy in Asia Because of the tiger of north(BBM) *ALSO THIS VIDEO IS NICE THANK YOU FOR UPDATING US BEHIND ASIA*
I think one of the main reasons why we have this sort of problem is that filipinos lacks in quality education, Many students (myself included) has been inclined more to information/ subjects that is really outdated and old for 2022, i am a STEM program graduate in my senior highschool and currently taking BSECE and sadly i can say that i barely know anything technical about technology itself.. the quality of education and the quality of students right now is deteriorating resulting to produce incompetent graduates.. it is sad to think about it but i think one of the main reason why technology is not booming here in our country is due to lack of proper and quality education.
At least, maging hopeful na lang tayo na si Sarah Duterte na ang susunod na Deped Secretary. 🤦 Babalik na ang ROTC sa mga schools at magiging ma-quality na ulit ang education system dito. 🤦
@@christopher19843 you're right. The agriculture sector here needs to be updated by present and useful technologies now about farming. But how can we do that if most of crooked politicians always steal our tax money?
Not just complacency, but we are not enterprenure people, hoping that someday there are people who take the risk to startup then we will be at par with nguyen 🤣🤣🤣
Not that we are not enterprenure, I've seen a lot of my relatives or friends started a small business. But they don't last too long because of laziness (getting tired of lifting heavy items) and lack of motivation (when the business is in low) most of the time. Most Filipinos are like flying geese. We're motivated today, but lazy the next day. Then motivated on the third today and lazy again on the next day and the cycle goes on.
THE PROBLEM THE IGNORANCE OF ,RICHEST IN PHILIPPINES ,THEY DON'T SUSTAIN THE PROMOTION OF INVENTION AND ALSO OTHER LOCAL GOVERNMENT THEIR INVENTION SOLD TO OTHER COUNTRIES INTERESTED WHO PROMOTE INVENTION OF TECHNOLOGY. BUT PHILIPPINES ONLY 110 MILLIONS PUPULATIONS WE ,INVENTED ALREADY SATELITE THERE UP HIGH IN SKY. COMPARE TO INDIA, ONE POINT FOUR ,BILLIONS 1.4 PEOPLES.
That’s why we need UNITEAM In order for the country to progress, at this point in time we don’t need critics anymore cos the government is doing well in every sector
I voted for Uniteam but i do not agree with your statement... we still need critics bro in order for the government and also for the people to know their flaws and negativities
The world's innovation is booming, every nation is rapidly increasing its fair share of technology startups. The Philippines, however, is lacking. Do you think this can all change? Let us know down below!
*alam mo nman pla na yan ang kulang. bat d ka gumawa ng paraan pra ma solve natin at umasinso tau? ano purpose mo sa video mo? Pra may ma e vlog lng?*
@@giovannilaru-an this is an eye opener video and we are no even sure if the person behind this video is a Filipino citizen but he do sure that we can see what and where we are lacking.
@@skreyao4898 *nakakainis din kc eh. Alam nya ang problema tas d nya alam ang sulosyon? Ang problema lng pinakita nya. Ano purpose f wala nman pla solosyon? Pra pahirapan tau lalo?*
@@giovannilaru-an kaya nga dapat tayo mismong mga pilipino ang gagawa ng sulution, nasasaatin ang huling decision yung gusto ba natin umangat o tumunganga nalang.
Napaka linaw naman talaga ng mga problema sa pinas eh ang problema lang ay may mga tao talaga like mga corrupt na politiko na ayaw ito sulutionan para mapanatili tayo na mahirap at magamit nila ang pagiging konsumidora natin para mas mapabigat pa ang kanilang bulsa
@@skreyao4898 *lgeh ko naririnig yang kurakot daw bansa natin. Nakakasawa na. ikaw f kurakot bansa natin. cno nman yung mga kurakot? Pangalanan mo nman. nakakainis na din yan eh. Pa ulit². c villar at singsong buh yang mga kurakot? Sabihin mo!*
When a product is bad we call them local but when the product is good we call them imported we need to remove that kind of mentality
Yeah.. This hard mentality needs to go... We need to strengthen our local imports.
Meanwhile in Indonesia, if the product is bad, it must be made in China, if it good made in Japan or Europe 🤣🤣
I don’t think this statement is still true today. Philippine local products are getting more popular and preferred. Support for local businesses is growing and referred to as better quality. Seen people saying na “mas matibay” ang gawang Pinoy nowadays. At kapag peke at pangit, “made in China” na ang tawag. Mentalities have changed now actually.
Eh? akala ko made in china kapag pangit ang product kasi mura kaya d masyadong maganda ang kalidad.
@@Ymats-dj1nt Ganun na nga sa panahon ngayon. Pero dati yata, mas ayaw ng Pinoy ang lokal dahil low quality umano. Pero iba na ang pananaw natin ngayon.
Support local products as much as you can.
nope, low quality ❌
Yes, support local products!!! :)
#LabanPilipinas
@@Alibadbad just like your thinking?
really so tell them to support cherry mobile our local brand of Smartphone.
@@Alibadbad There is a room for improvement but sadly not everyone can afford it that's why we need to support insteas of complaining.
Filipinos were not geared to be enterpreneurs. We are trained in school to be employees, not employers. There's also a shortage of economists in the gov't who will think up advance economic ideas and putting them into use for the country's growth, not just short term but a long term plan.
Most of the brilliant economist that we have are working in private sectors.. Working in government is stressful.
Exactly what I thought! I'm planning to be an entrepreneur but I notice that my school focus on scholastic and professional skills. Not financial skills. That's why some accountants and entrepreneurs are having a hard time.
You mean trained to be employees.
to be fair, the long term plan is *Constitutional Reform* where the current 1987 Constitution will be revised. Why? The constitution restricts Foreign investments (FDI) in the guise of "Filipino first" policy. This filipino first policy roots from protectionism in the mid 1900s. In this age of globalization, protectionism should never have room on Economic provisions of any country.
So, why is it there's no Constitutional reforms?
Well, it was ATTWPMTED MANY TIMES BY PAST PRESIDENTS
*1st attempt: Fidel Ramos' Presidency in 1997*
It's called PIRMA
Why did it fail?
-Cory and the Catholic church opposed it. Probably because they don't want the legacy of Cory and the Yellow regime to be stained. Reforming the constitution which Cory and the Catholic Church supported means admitting there's something wrong with it and it would conflict to how they present it to people as perfect and 'best in the world'.
*2nd attempt: Joseph Estrada's presidency in 2000*
It's called CONCORD
Why did it fail?
-Again, Cory and the Catholic church. They staged a coup/protest against Estrada because he 'corrupted' some money and that he should be impeached. They were successful.
*3rd Attempt: Gloria Arroyo presidency in 2005*
It's called Charter Change, the infamous Cha-Cha
Why did it fail?
-Of all the presidents that attempted constitutional change and a switch to Federal-Parliamentary system, Gloria was the most vocal. She announced it on her SONA in 2005. This made the Liberals, Cory, and the Catholic church angry. They staged coups, allegation of corruptions, plunders, electoral fraud, and another EDSA revolt. But Gloria was simply not a weak President despite being a woman. She finished her 9-year presidency.
*4th Attempt: Rodrigo Duterte's presidency in 2018*
It's called Constitutional Committee
Why did it fail?
-Same case with Gloria Arroyo. It was blocked by the Senate. It also doesn't help that the chairman of the Constitutional amendments was a Liberal party. He opposed it and sat on it. Duterte gave up the plan to switch to Federal-Parliamentary and asks the next President to change the constitution and the political system.
That's why financial literacy is a must... Filipinos can be trained and educated to be a successful Entrepreneur by being street smart 👌
"Don't let schooling interfere with your education."
#LabanPilipinas
#TeamPayaman
I've been a software developer here for ten years. I've worked for startups as well as BPOs.
We will never achieve the greatest in this industry because of brain drain. Because after gaining enough experience working for a local firm, we leave for a high-paying foreign tech firm. What is happening is that local tech companies are mere "incubators" for inexperienced developers who write bad code to the detriment of the company. It's similar to making their first company a guinea pig. As a result, most local tech firms are frequently left with toxic, underperforming employees who, for obvious reasons, are unable to leave. It's not surprising that a local tech frequently hires recent graduates and inexperienced employees who are willing to accept low pay.
Really solid points ☝🏻☝🏻
The converse is also true. Most local companies don't have much of an incentive to train young employees in key sectors (like IT), only to see them leaving at the first opportunity they have to make more money.
Good points but on the same note related to this content, why can’t local Filipinos start their own tech companies instead of joining someone else’s. A good number of tech billionaires today started in dorm rooms who did not finish college so what is stopping Filipino from doing the same.
@@rl8571 It's challenging to launch a tech startup where people come and go. Starting requires pioneers who are fully committed. Often times these supposed pioneers jump off the boat as soon as the opportunity from foreign tech comes in because of enticing pay. The attrition rate is so high that the company is in a state of perpetual inexperience.
I can give you an anecdote about the actual ratio of graduating programmers. When we were in college, we had around 80 students, and when we graduated, only five of us were fully committed programmers in our batch. The rest did not graduate, changed their course, or found another job. It's far worse in other stories.
With a very low rate of people who enrolled to actually become programmers, why would people risk choosing to stay with a local company for a long time when every tech firm is after you?
Additionally, local markets are less lucrative than those in the West. Many times, businesses in this country don't actually take local developers seriously, whereas a similar project in the UK would be extremely profitable.
In conclusion, there are a lot of Filipino developers working in this industry. Most only work for foreign tech because they pay more.
@@rl8571 Let me tell you, it's very simple. The IT industry, just like any other industry in the Philippines, is rigged against genuine young entrepreneurs, with skills and courage. The only "high-tech entrepreneurs" who have a shot at doing something usually have wealthy families who give them "sabbaticals", where they can waste a couple of years and a few millions before they're off to Harvard or Loyola for their Masters, or they start with their family businesses.
One of the reasons for this is that the inventors in the Philippines weren't compensated well hence the reason why a lot of our brilliant tech savy people are working abroad.
But just like you said, the government is doing something and that the Philippines is still developing and with more than 100m+ population, it is not far fetched to think that someone will rise.
True. There are so many bright young Filipinos in the US. They all come to the US to work, start businesses and study.
The Philippines needs to open up the economy for foreign investors to come in.
@@The_Herniator I think it was already open now. As far as I know, Duterte already approved this year the bill to lift the FDI 60 40 restrictions. Now foreign business can have 100% ownership.
@@paulbandong8162 Don't get too excited about that. It's only applicable to certain industries.
@@LarryfromPH I read the law and included there is also the revision of what 'public utilities' mean. AKA under the new laws, any foreign company can start any business and own 100% of it.
I have lived in the Philippines for the past ten years. I am a businessman in my home country and I brought that mindset here with me to the Philippines. I tend to go "against the grain" in my business practices. This means to me that if there are certain weaknesses in the Filipino system that make it difficult for us to compete internationally then there might be a way to exploit said weaknesses to my advantage. So I started a tiny manufacturing company here that has grown to be the biggest private employer in my small city. We manufacture hand tools for sale internationally. I buy everything I can locally and sell internationally, where the money is. I kind of suspect that others will eventually see these discrepancies that make it economically advantageous to manufacture here and will do the same. In my own limited field our Filipino made products have come to be known as the highest quality that the world has to offer rather than the lowest.
Wow what a great news thanks buddy.
I hope there are more investors like you out there who has a mind of their own and does not follow the herd. Those herd tends to believe the propagandas againts a certain country like the Philippines.
We need to have our own tech products not China smartphones.
I heard from a Filipino going to a tech school where the teachers were actively discouraging students.
"You are not smart enough"
"You will not succeed"
"It is too difficult"
The climate is very anti-programmer-friendly.
Very true pre
Fortunately, with the help of the newly signed economic reforms(CREATE, RTL, PSA and FIA), the PH has finally caught the interest of many foreign investors.
Our immense debt has ruined some of that enthusiasm though.
@@forte609 more than 70% of our debt is domestic. Not to mention, the country's Foreign exchange reserve is already >$100B. I don't really get why pinoys are paranoid about the country's debt. Perhaps taking a brief economics class would ease their paranoia and delusions.
@@apinezstats2237 Certainly better debt situation than the likes of the US, China, and Japan.
@@apinezstats2237 To be honest I cant blame them, they're influenced by our media that are always making a big issue about Philippines' debt, interviewers and their articles always make it as if it is an ABSOLUTE figure to look at, nothing more nothing less. Every time I watch an interview about our economic team on the TV, they always do this.
@@aestheticjedi1868 the difference being those those knowledge based economies have a track record of innovation to help dig themselves out of the debt mess they are in. The Philippines does not.
The big problem is the smart and talented ones leaves to work abroad because they can earn better, be stable, and provide their needs unlike while you're living in the Philippines even if your a nurse you still get paid less. Not only that corruption is also one of the reasons why some parts of the Philippines sector is failing.
True, also due to high corruption in the government and connections over talent mentality, most likely a good tech product here will be killed off or be taken over by a politician/oligarch once it starts printing money.
Not so true, really smart people don't go abroad, they flourished at home.
@@jbangz2023 Like who? Only the well-connected to oligarchs people succeed here.
Even our chess grandmaster Wesley So is now representing the USA and not the Philippines.
Have you tried starting a business here without any connections? The gov will make it really hard for you to profit whereas you can easily start a business in a few days in Europe or so.
@@xmarkclx My brother is a civil engineer and so far he more successful than me. In 15 years of working here abroad, I paled in comparison to him having a successful construction firm. Now you know.
@@jbangz2023 Are you also a civil engineer abroad? Civil Engineering requires a lot of effort and study, and managing a firm is even more. If you have a different job then you can't really compare.
Our politicians are gods here that can do anything, while politicians in other countries are there to "serve the people".
I am also an engineering graduate.
The true reason is corruption. Tech startups here have a hard time just even filing for a business permit. A lot of government agencies don't move(make decisions or approve requests) till you give them a little grease money. Basically nothing moves till someone gets paid off. This is the real reason why there is hardly any growth in the country.
Wtf,so sad.those people should be jailed or killed à la "duterte style".
There is growth in the country, but yes, I think it can go much faster.
Not anymore
@@maarlikha, he lives in Mars.... not in the PH. For instance, I don't drive in the PH because traffic enforces were always stopping me with absurd reasons just to get their toll. Wherever you go, bribing is there.
@@maarlikha boy wg masyado pabibo, ultimo america napa tindi ng corruption mas lessen na nga stin dahil ung mga ginawang batas na pinag tibay ng du30 administration ay umiiral. "Cutting red tape"
Corruption, mismanagement, and 60/40 rule. These are some of the reasons why that sector is missing out.
do you realize that 60/40 rule is no more right.. duterte pass a law allowing foreign to own 100%
@@dailyshorts7284 That's not it. You're referring to PSA. The only way to remove 60/40 completely is through constitutional reform.
As I observed, economy wise there are quite a few local investments already but not as promising if compared to neighboring countries. The current inflation in the Philippines is very high. Many people have overlooked how much the country suffers from constant price hikes. Other Asean may benefit from this as they can get more international investors to themselves. Vietnam is an example. The foreign debts and even local debts are also growing rapidly. Ph should exhaust all the resources possible to grow and attract more investors to pay all the debts.
What is the relationship between promoting local investments and high inflation rate or constant price hikes?
Mindanao is the blacksheep of the family. There so much OIL there but can't even extract it because of those Muslim clan wars. If you heard the news about other asean countries, you should know that we're not the only one struggling with Inflation and Global recession.
@@7315Eugene Cost of doing business? Operational costs? Dali naman isipin brad.
@@LarryfromPH agreed!
I am an IT Grad in PH and I can tell you something. PH miss understood the difference of IT programmers and Technitians and only so few works for IT Programmers are in PH
Besides that, the PH lack high skilled people. Good ones just leave the country. Extremely hard get a Data Scientist, Data Analyst, Data Engineer, Cloud Engineer at same level of India, for instance. What you get easy are impostors, engineers by CV, not by competence.
We're in the works of being competitive in the industry of Data. The Analytics Association of the Philippines, Development Academy of the Philippines and the Department of Science and Technology launched a scholarship program aims to graduate 30,000 individuals in the field of data science and analytics and foster a community of Data Science and Analytics practitioners.Hopefully, we will be a data driven country in no time. Check Sparta Project, if you wanna check.
Thanks for the info,@@NEIL-sc6wx! I will check it out. We really need this sort of professionals here. The pay is good, higher than other professions, and I am quite sure that will improve so many Filipino families quality of life.
as a Filipino Programmer, I am actually looking for a job abroad. The pay here is ok, but as a first-born son, and my father is no longer working, I have to support the finance of the family.
@@isaiasprestes i would love to work on those field that u mention but here in philippines industries requires licenses unlike in abroad u will grow in terms of experience and dedication thus landing u high level jobs such us automation engineers, soft developer or manager without needing license as these current advance skills can be learn without going to big universities only with proper advance training direct to OEM or other sources. In abroad, skilled filipinos are the ones who are excelling in any aspect of work just like what i experience on hand. I'm not sure when this trend will surpass that mostly great minds are venturing outside the country. Hopefully the next generation will not be deprived of opportunities here coz its sucks working away from your family and missing the normal life living with your family.
Whilst it’s encouraging that recent changes allowing 100% foreign ownership of businesses will spark off investment, it still is not enough to help the start up scene. It’s still massively bureaucratic and difficult to start a business in the Philippines when compared to the UK, Singapore, Hong Kong etc. Also the corporation taxes are ridiculously high in PH discouraging businesses to be set up. Personal taxation is also stupidly high when compared to other regional neighbours like Singapore and Hong Kong.
Also, the quality of university degree study for Technology related courses such as computer science is frankly garbage. The first year students barely even code! Hours spent attending religious lessons and church masses is not what employers want or need from graduates. The whole system is in massive need of modernisation and politicians and the church need to be kept as far away from business as possible.
Employers should also be more open to job applicants when it comes to requirements. The usual ones you see when it comes to programming are 3-4 years bachelors degree but then there's also 2 year vocational courses that should be more than enough. Where will those who took up vocational courses go then? Go back to school and get a proper degree? IT/CS courses are a joke.
Sorry to be negative guys, but we Filipinos lack the basic character required of startups that can pass the stringent criteria of venture capitalists. In my opinion, among south east Asians, Filipinos are far behind in terms of demonstrating tenacity, courage and the determination to succeed no matter what. We are prone to look for an easy way out of tight circumstances, quick to find excuses or blame someone else. One only has to read this comment section to find there's lot of blaming and excuses. There are no shortages of ideas from Filipinos, but putting those ideas to work need some strong character that venture capitalists look for on the founder before putting a cent of his money into the startup project.
It's nice that there's someone here smart enough to know the real reason why. Is there anyway I can contact you? I want to exchange ideas with people like you. I'm going to build an indoor farm big enough to achieve supply security of rice and help the locals in the provinces embrace modern farming technology especially the ones from Japn
just like some fellow filipinos who rely their whole life savings on their nft games for a quick risky buck.
@@chrisc5991 we need modern farming, with just a simple homemade tech you can already build modern farms. I hope you can find people who can help you. I would love to see PH also embracing indoor vertical farms.
@@czypherth I've saved up some money to buy a decent solar system capable of supporting the set up I have planned before the year ends. By next year I'll slowly build the setup every month. Only by providing enough data will venture capitalists will take interest in my ideas. Slowly scale things up for 2 years and by the 3rd year It will start generating some cash to sustain a portion of the operations. Profits are expected at the 5th and 6th year taking everything into account and the only thing that might prevent that from happening is me dying too early. It isn't fix and it may take longer but I'm positive I can achieve them.
Unfortunately, you're right. Even though we've been known to work hard, this observation overshadows the real meaning of our hard work: "to have just enough to get through some years"
We don't work hard enough so we may discover the ultimate cure for cancer or be the first filipino astronaut even to walk on the surface of the moon. No, we work hard because we want to feed our family. A noble cause indeed. But the muse dies here.
We stop striving for more goodness when we're given a secure life despite the wonders that lie on the precipice of this "comfortable" life. This is evident in our businessmen and women. When they hit their peak, enough cars bought, beautiful houses owned, and banks filled to the brim, they stop being creative and innovative. They fall into stagnation as their employers grow old with them.
All the same business models, the same products, the same rules, the same people, the same thinking. Banality, at its finest.
This doesn't inspire filipinos to develop cures for diseases. Forget about the moon landing. Only, this enables them to embrace the mediocrity and the "just enough" thinking.
As a Computer Science graduate, specializing in AI and Machine Learning, I blame myself everyday for being fascinated about a field that is almost as nonexistent as snow here in PH. That's an exaggeration of course. There's a minuscule amount of job listings online for Machine Learning Engrs and they all require 10+ years of experience plus a master's degree or a phd. And this hasn't changed in 5 years. Nobody's changed. Because nobody wants to change.
"We already have one engineer on the team (that one guy who's the manager's cousin) so why should be gamble on another one? Why the hell would we want more intellectuals if one does the trick just fine?"
Yeah, goodluck writing millions of lines of code by yourself everyday.
It looks like true and meaningful change will only happen if we admit to ourselves that we're not good enough and act on it. But since we're filipinos, we don't like others to point out out flaws, even ourselves, we'll have to wait for that change for a while.
The seeds are there and the ecosystem is growing.
It's like a pent-up frustration that just needs a catalyst and it'll explode.
We just need one, not the old rich-backed startup, but a true startup.
From the ground up, by a dreamer, by a visionary.
Using, devouring all obstacles in their environment as fuel for the conflagration in their hearts and not excuses as to why it's hard.
It's here, it's inevitable and it's just a matter of time.
Grab was established by an affluent individual. But yeah, it shouldn't be an obstacle.
@@LarryfromPH Exactly my point. We need someone who comes from ordinary family background. No Trust fund, self-made. Someone who went through the hardships that most of us Filipinos are facing, but never used that as a reason to start their own company and thrive. I know that's a common story, but none of them are charismatic enough to capture the young blood's imagination. I am hopeful though, I know someone, somewhere in our country is already planning for that future.
We only need 1 catalyst, you anon who's reading, ikaw na ba yun? don't stop and dominate, for what it's worth, I'm rooting for you.
Most Filipinos are not mature enough to accept homegrown startup companies. Add to that the bureaucracies and red tape in setting up one in the country...
One thing I noticed is that you mentioned PayMaya and Mynt are in partnership with bigger corporations like Ayala and PLDT. Isn't that how you grow start ups in the first place? As I understand if you want to reach a bigger audience in your services, you have to invite bigger companies to help you put out your plan. Also people keep mentioning all the time "government this", "government should do that" in every comment section about businesses. My answer to that is the fact that the government themselves lack the business capability. No matter how much money the government gives you, if you cannot deliver performance and revenue wise, it's a complete waste of funds and energy. That's why we have bigger players for that. That's why we have so called investors. DOST have that idea in supporting local technology start-ups but the process is still the same. They invite investors who are interested in the business. Either the reason is what I mentioned above or it's Filipinos are just so bad at entrepreneurship. I could be wrong.
we produce graduates for employee not as an employer , Lax2
@@emconsolacion7950 agree. It should start with education. Because, Filipinos for a long time only produce employees.
Yup. People expect the Government to help their business find connections for them when even the Government itself can't find business partners.
DOST already has blueprints to build Trains, AGTs, E-Jeeps, Engines and Automated Gun mounts but no investor is willing to manufacture for them.
Exactly, governments do not control businesses, that's socialism. We do have the 60/40 rule for investors which hampers investments. But you do not tell the government to change how businesses are
*WE HAVE A LOT OF IT GRADUATES BUT SADLY, THEY AREN'T WELL THOUGHT-SPECIALLY THOSE IN THE PROVINCE. WE NEED TO INVEST IN FOREIGN TEACHERS*
What are you talking about? "Yeah they've graduated but they're not taught well" absurd.
@@t_0246 *MANY TEACHERS AREN'T VERY KNOWLEDGEABLE IN PROGRAMMING, WEB DESIGN, AND ANYTHING I.T. RELATED, HENCE, MOST STUDENTS GRADUATE WITHOUT THEIR FULL POTENTIAL*
Super agree on this. My little brother was studying and relying in youtube tutorials more than their professors/instructors in college.
I do think I agree with this... My cousin is an IT graduate but he barely could apply a job in his field.. He totally shifted his career path now
I agree. I am an IT graduate who is suppose to specialize in web development and c# but found out I need more learning so I invested in courses from Udemy and listened to some UA-cam courses as well.
Top 5 STARTUP ECOSYSTEM in PH 2022
1. Manila
2. Cebu
3. Cagayan De Oro
4. Naga City, Bicol
5. Davao City
Google niyo na lang kakarelease lng this 2022. pasok din sila itong 5 sa Top 20 sa South East Asia. Pasok itong 5 sa Top 1000 World Wide.
Congrats!!
now alam na natin, lazada, shopee did this just to avoid tax., start na natin tangkilikin ang sariling atin muna. BBM+SARA, Where in fact there's a lot of Filipino apps developers and it just happen its underrated .
Yes, we are working in BPO doing apps for foreign companies.
Mostly Filipinos doesn't have business minded, rich Filipinos doesn't want to be richer that's why mostly of them doesn't invest for own company (don't want to do big businesses) instead they just invest on others company.
Because our Country is Bad Constituion that prohibiting a FOREIGN DIRECT INVESTMENT in all Sector
For 15yrs now, I literally made my living doing microchips and advance test development for other countries. (USA/ISRAEL/CHINA/TAIWAN/CANADA)
Yet I cannot apply all my experiences and know how in my home country Philippines.
Because aside from dirty politics and corruptions discouraging investors, employees will just keep complaining to their employers thus hurting the business.
Businesses seeks a desirable workforce, infrastructure, and a market (locally or globally) to execute its business strategy and operations. Philippines has an emerging workforce, and needs significant infrastructure improvements to attract meaningful business. Maybe a well managed relationships with China can be beneficial. Creating a more credible, reliable, efficient, and effective government structure will provide strong pillars of support for the Philippines and its future.
Note: Vietnam has struggled to many its China relationship with success and challenges. However, it struggles with tackling corruption, infrastructure, rural, education for older adults, and rural Healthcare. Any of this familiar?
Why not Japan or the US? China is a stinkhole. The last thing the country needs is owe them not just finance but in terms of favors. I'd rather work with Japan than them.
As long as the PH Economy is improving it can pay it's debt for years to come
And the incoming Finance sec is confident enough with it since we are ending with a good numbers thanks to the outgoing administration. If the pandemic did not happened at all, we could've reaped a better result from it.
You're talking about the debt, no debt can be paid even the developed world has their own debt . How can u say we can pay our debt.
@@krzy2011 Actually outgoing President Duterte and it's admin paid 300b debt you know...are you really updated?
The only way to pay it's debt is to improve the economy,make it big make it strong make it advance so that it accumulate money for years to come.
There is deadline for payment.
Don't complain if the local products quality is not so good. Support them first then the quality will improve. Government should focus this especially on agriculture.
No agriculture! but we as south east asian must need industrialitation every sector we had like british, japan, korea, china , etc did
Greeting from indonesia
@@robihamdani5385 Wdym by no agriculture? Agriculture is the most important sector of the country that needs to focus with, Good agriculture system in the country means lower spending on the daily needs of the people, you can even sell the agriculture products to other countries. The three countries that you have mentioned which are Japan,china and korea gained economy boom because they focused first on helping the agriculture sector which gave the country a sustainable life. Look what is happening right now, countries that didn't focus on agriculture like Singapore, Malaysia, Indonesia, Philippines and many more are suffering from meat shortage because of the war. The daily needs prices of the people are sky rocketing and it's making the people more poor. So don't ever say No to agriculture honey, you should have learned that to your school subject.
Greetings from Philippines 🙂
@@dumpacc13 thanks for your reply😉
I am watching from Bangladesh
PH is not lacking of competitive people. Most Filipinos are capable of creating startups, however they are just too lazy (or afraid) to start immediately (mañana habit?) until they probably set-aside those brilliant ideas :)
There is less investment in the country because investors are worried about people keep electing corrupt politicians. Corruption is the biggest concern for every investors, either local or foreign.
Fortunately, with the help of the newly signed economic reforms(CREATE, RTL, PSA and FIA), the PH has caught the interest of many foreign investors.
Good thing i didn't vote LENI and her minions
@@shonehellsing784 So ur saying she's corrupt?
@@apinezstats2237 let's just hope those reforms will outweighs corruption.
Corruption is eveeywhere, look at india, they are trillion dollar economy and yet there are more poor people than the whole population of the philippines because of corruption, they are the online scamming capital of the world, scamming the US with billions of dollars mostly from old retired people. Same thing in nigeria and a whole lot of other countries. Philippine goverment is corrupt but as economy improves it should alleviate the corruption.
You'll find more excuses than actual reasons in the comments for the problems you mentioned in this video.
Glad I'm not the only one seeing that
BBM ❤️💚❤️💚
SARA ❤️💚
@@inakiorom8843
*tallano gold* reveal lods
blame that to the administrations from 1986 until recently. The leaders are poor-minded and lazy they just wanted to sell assets, sell gold out of the country, send people abroad and waiting for dollars to come in, sitting pretty- the kind of leadership is without love to the country. Just recently, that will change because people have risen from sleep and elected loving and wealth-minded leaders. We hope to improve.
blame that to Marcos Sr. administration, where the corruption and debt of the Philippines is the highest, and so until now we are paying it and the following years became poorer and poorer until now 2022.
@@Alibadbad In fairness to Marcos, you can calculate all the expenses and projects, assets of the Philippines during his time (numbers will tell you) and you will understand where the money went. It is not good to judge somebody when we do not know what we are saying. Corruption is man's sickness and it starts from home. That's why our government and the people are suffering. Much more corruptions came even in the time of the Yellow presidents- history and results will tell us. Much more tax evasions came after Marcos: abs, tan, fortunes, pacquiao, and many more- trillions of pesos. And Oligarchs were taking advantage of the poor during this Yellow time also. They took advantage of water and power. They charge the people too much to bear- this is the worst form of corruption that you can do to your nation. We did not mention about the corruption in relation to the Hacienda Luisita, Yolanda Fund, Dingvaxia, SAP 44, the killing of the farmers, the sequestered properties of Marcos and other assets by the PCGG where are they? They were corrupted right? Where are the billions of pesos the bank of Switzerland returned to the Philippines? Ahh it was used to purchase "Abuno" kuno but the farmers never benefitted from it, what? Yes that's true. And many more corruptions! Senators corrupted, congressmen corrupted, governors corrupted, mayors corrupted, Barangay Captains corrupted. So, who is not corrupt? You see, if Marcos was the most corrupt what can you call them after Marcos. Devilish CORRUPT. All Marcoses are still here and not in jail because nobody can prove those allegations. That's why Duterte cursed them by his mouth and exposed them.
@@Alibadbad lol Liberal party is the root of this poor problem! Ask Aquino why he build NPA
Businesses should be run and operated by the private sector, not the government. It is unfair to the competitors if the government owns or manages a particular business industry. And based on experience, most government-owned and controlled corporations were either bankrupt or in huge debts or did not develop or remained stagnant when handled by the government through its political appointees. Just take a ride in one of the trains of the Philippine National Railways (government owned and controlled) and tell me if it is good to be run by the government.
Congratulations on 100 subscribers
🎉
Any serious startup founder is going to incorporate in Singapore. I have experience in both countries. One is very hands off, the other has a huge collection of forms to conplete each month and piles of required paperwork to complete to accomplish what should be simple things.
I would think that incorporation in the Philippines would be a big red flag for any VC looking to invest.
The problem is funding. Germany has many small local banks, credit union serving the locals and fund start-ups. These system was adopted by the Chinese. The Philippines can do the same. University projects/research can also produce start-ups. Improve the education system the push for STEM - Science, Technology, Engineering and Math.... train the students from elementary to high school ..... school projects in these fields.
CHICLAYO PERU 🇵🇪 🤝 🇵🇭
Internet speed need be solved first ， and open the market for directly invest，faster the process to open a company.Phillippines has an adventage，that most of people good at English，they are easily to connection the world
That's true even we indonesia's speed connection internet lower from philiphine had
Funding from government for startup projects are not well broadcasted. People doesn't know how to get funding so they choose to loan in banks which has a very high interest rate.
And those who get funding are only the people who has connections in the government agencies who are tasked for those innovation.
Unfortunately the ph givernment doesnt really focus on r&d development rn
Not unsurprising. For example, the Philippine Navy ditched their opportunity to acquire technology transfers for their OPVs. They were contented their 6 OPVs will all be built abroad.
Their reason?
Commonality of systems, lolz. Since they know commonality is important, they thot they can fool the entire public w/ it. Not everything is commonality, if it were, then they would've not entertained other suppliers. See? Easy to dismantle their excuse.
their other reason is that they need more vessels as fast as possible. If that's the case, then should've focused on acquiring as many refurbished warships as possible as the fastest & temporary solution to buy time for the very time-consuming acquisition of brand-new vessels. They ignored such path, & now their brand-new OPV acquisition backfired & so their rattling where to get more vessels & so sacrificed the precious technology transfers, local production, local sustainment of naval OPVs... Instead of taking responsibility for their mistakes, they tried to hide it by using sugarcoated statements
We like to support local tech co. But if our tech people are lacking in innovativeness and imvestors are lazy what can we do. I hope they wake up
I wonder if the surge in nursing courses is partly to blame on this one? A lot of parents would like to have their kids get into nursing because of a promising paycheck, thus, other industries like IT, Computer Science, Engineering, Agriculture, etc. were basically ignored. Even the government put a lot of support for nurses and everyone else got screwed. We need engineers, architects, agriculturists, etc. I hope students today will also see the importance of other courses and not just gun for nursing because they were told to or because it seems promising.
The early 2010s nursing crisis definitely affected us.. It gives strong Remittance which is the 2nd of our GDP at the same time, but the negative effect creeps in since most talented people are trained to work to immigrate to other countries which resulted with lack of local development and thus, in years to come, we can't strengthen our foreign investment due to us being a country that relies on labor to grow our economy..
This is not surprising because most investors are putting their money more in vietnam,indonesia,india and thailand.becouse those countries are good on transportation less island like vietnam although indonesia is island country it more better than the philippines geography.
Look forward for the change in agriculture and energy industry...who will do it? It's me of course regardless of issues and barriers here I'll make sure this country will propel itself.
Your Indian friend from bihar
this is what and why i want to have my own companies catering to different industries.
Corruption, corruption, corruption! A country ruled by political dynasties only look after their interest, not the country. Hence, the country's development is not their interests, but enrichment of their families not the country.
Happy 100k
lack of financial capital hinders Filipinos to comeup with their own flat form like OISTS pinoy owns website with app, it been a while but still it is stagnant
MAKE THE PHILIPPINES GREAT AGAIN 💖
It was never great in the first place
@@paoloorate2265 first of all you were not yet born during those times when Philippines is only behind Japan wherein it was sending thousands of Armed forces to your beloved egoistic Koreaboos, Lol.
@@paoloorate2265
are you a western simp? LOL
It was never great in the first place (2)
@@kennethyanzybanzon8554
Are you sure about that? LMAO
The best programmers in the country would probably just go to the US for more opportunities than stay in the country. Language isnt a barrier so there the best would go there
Congrats on 100k subs!!
Yes and it’s monopolies
Philippine Government is indeed lacking in infractacture solely in tech, and partnership of this is also a problem if benefit is the guiding factor and not development; hovewer capital is needed to run certain organization and also people expertise and professional must be paid with their worth or else why do even work in the first place. You cannot deny risk and failure in startups tech business category in which modernization is eminent to dominate society with the help of science's integration. Problem is, the way philippine readealy accept foreign country's with little to none reservation or whatsoever of impact to the nation building due to allied nation. I know this help in maintaining peace and order (look at Russian vs Ukraine) : threat and vulnerability is also a factor limiting the nation march to "New society" by Ferdinand Edralin Marcos. If you really see talent, skill, capability etc. Filipinos have those unique traits thanks to education and will to learn and be better. Now, as the government strive for 'World Peace' this again limit the potential of philippine to be united and solve problem together with existing and new trials already in the nation itself; this tendencies to go this and that that nothing really makes a difference's for the past history. If only all manpower and resources was used for the sake of the country and people then the philippines today wouldn't be like now where we go all the places to have this and that it may seem absurd but the government only can do so much as you know they reliance to us in terms of tax, revenues and many more support the foundation of what can be done on that limited budget that will process to all departments of philippine and then decision where base on the money not the people because this certain trade for good you need to pay. Permit and the likes will always be there for the purpose of legalization not total workload. The long term and short term can't be separated but long term should hold more dominate for the reason it will be there for a long long time which constitute to work progress and in turn will need Filipino to work toward the goal this means employment of expert and even not will be employed during the existence of this body of government and the only way it end is of course the country downfall which I hope won't come but then nothing is impossible as they say, look at china invasion to the Philippines it may seem we have allies sorounding us, however you cannot be sure as that's what politic works they or may not turn back on us when push come to shove. Our government believeing of people goodness, positiveness, kindness, etc. So we desperately need power not to inspire dominion but assurance for security and comfort for the wellness and wellbeing of our nation that's the goal the nationalist. People are poor, people were rich, we stand at the middle where middle class is fully supported in it development for faculties of excellence and opportunity is there. My advice is to look at our president objectively for what he will achieve not fight here and fight that 'cause of differing opinion, speculating this and that, accusasing this and that like all the flaws of a president is the only thing he have: this won't solve crisis in fact it even worsen critism is there to judge nasa on fact and give correction and alternative solution. Identifying the problem then the solution if it applicable then why not take care of it as one uniteam advocate this, but if only the Marcos administration is the one making the action and not helping it in the little way we have very little is attainable remember we only have one country if we do not take care of it dearly like the ancestors mistake then maybe another colonization will happen. Good news that if war really broke out the planet will sure follow right after for its destruction this may be another reason why other countries helping us as technology and science advance it means of destruction to planet earth; mankind in particular is also massive undertaking. However, a possibility that they want to destroy philippines from the inside is also a threat and vulnerability and this facade of status, authority, and power is just manipulation impose to lower the guard of not highly civilized country, archepelago, under development and many name delimiting our means of survival in this cruel world. Be Positive but also realistic and practical with a pessimistic side. One must see all factors involved before we decide as there many fake and not true still existing even now. Support PBBM Philippines folk for his term of leadership that was only six(6) years and be patient then, complain after he step down from the senate be part of uniteam and advocate "nation building" so don't be be distracted you are proud Filipino show your ability and action not verbal fighting when you know that won't even help in building the nation to performance and stability. The words you say may only hear and praise by the many and if no results it will only go to junk and this certain person said this and that then what happens it only become lesson and reminder not to talk big without plan etc. I guess that's also a contribution so treat this message just like that. Hopefully, I won't be criticize critically to much for my patriotism for my country Philippine and wish for it great change to happen without those dark and negative prediction of mine.
With the high corruption rate of all branches of the Philippine government, including the bureaucrats , the top notched Filipinos would rather work abroad. To invite them back? Less corruption and government support. Provide scholarships to deserving students in technology and innovation and subsidized entrepreneurship!
Pang entertainers Lang ang mga pinoy at dun proud ang karamihan.
School curriculum (stem) should be updated and revised every so often in a way that students can readily apply it to real world! At a high school level they should already be able to do real stuff!
Google has a lot of resources for computer languages! Don’t have to learn it in school!
Basically being a techpreneur here in Philippines is nearly impossible. Huge companies are too powerful. They beat or buy you before making it.
Capitalism at its finest.
Nah I will make my own startup and hopefully become unicorn.
Unless someone can make a popular app like TikTok or instagram, forget about it.
The public education system in the Philippines lacks govt support and somewhat behind tech schools of other nations in asia
You are blaming people's education instead of the strict job qualifications people have to go through which causes people to go somewhere else like another country to get better opportunities. Or maybe continue how under educated people here are that the common worker elected a controversial person as their president how about that?
Less technology the healthier the people. Technology destroys cultures that dont need fixing with tech. Support organic farmers and protect our resources
I get it
Get a healthier Lifestyle
But Technology is very important when it comes to opportunity and economic development
Specially in a globalized worlds that we all live in
so what point of techonlogies created if like that ?
lol, another idiot spotted... what a cyberphobic. it depends on the people on how they will use technology dude... technology improves life, technology makes the world more convenient, safer, more connective and more productive. technolgy is very important for us to improve and enhance our nation's capability of being presentable and being a livable place.
I do not agree with your statement "less technology, the healthier people", look at the nation with poor tech-innovation and industrialization like Somalia, Madagascar and Sub-Saharan Africa, Papua New Guinea. they tend to have more unhealthy people than the industrialized countries.
Well that suck, hopefully we'll do better next time
Good job
The top uni UP is geared for politics not startup, must change now.
maghintay ka Mundo darating kami diyan.
Startup ecosystem is not good in the Philippines. Almost all VCs here are just buying in so that they can exit later on selling to companies who would eventually let your company die. No one wants to be top dog or even make an industry.
Philippine educational system cannot support tech industry due to weakness in STEM. The little talent we got just go out of the country.
President BBM should focus R&D and Agriculture Infrastructure..
just wait
@@kurarensucallofduty9668 Just keep waiting literally
Philippines is the only in Southeast Asia popular Biggest in BPO industries investment Hub
Filipinos rather invest their time and money in capturing the hearts of the poor and join the next election than investing in e-Commerce. Return Of Investment is quicker.
Im proud of my goverment singapore,where many startup are success
Ok, but this is about Philippines... So why boasting?
@@sitandchill2897 boasting about how many singapore company are in your country🤣🤣
How big is singapore?
@@historiko5245 big enough for many Philippines to try get a job here with better currency's 💪
@@helohelo2610 It's not really that big, Singapore is more like a big city. Philippines is 410 times bigger than Singapore which is more complex to handle. You guys are technically chinese with lost culture lol.
It's because most filipinos has no entrepreneural mindset. Partly to be blamed is our school system which trained us to be employees, not employers. That's why, most businesses also in the Philippines are owned by foreigners, even most of the top richest men aren't truly Filipinos. We are being enslaved in our own country.
It’s a shame! I agree, where are the proud Filipino techs?????? We need to have our own and scrap those foreigners!
It will all change. Cryptocurrency will be a game changer. Waiting for government regulation this year. The potential is great🔥🔥🔥
cryptocurrency is just a scam.
and won't have any impact in the success of the Philippines.
only 100 Filipino knows about crypto.
others don't know it exist
Better Support Local Products...
Its so real
First and thx for info
Ban non-home based tech companies so startups will grow.
Philippines will be the one of the biggest economy in Asia
Because of the tiger of north(BBM)
*ALSO THIS VIDEO IS NICE THANK YOU FOR UPDATING US BEHIND ASIA*
❤️💚
In your dreams 😂
Obob
Taas ng tingin kay BBM kahit wala pa namang napapatunayan lol
Baliw kaba 🤭
this is like building a startup to challenge google😂 monopolies are scary
Philippines will lead the blockchain/crypto economy in Asia. The future is good in that area.
I think one of the main reasons why we have this sort of problem is that filipinos lacks in quality education, Many students (myself included) has been inclined more to information/ subjects that is really outdated and old for 2022, i am a STEM program graduate in my senior highschool and currently taking BSECE and sadly i can say that i barely know anything technical about technology itself.. the quality of education and the quality of students right now is deteriorating resulting to produce incompetent graduates.. it is sad to think about it but i think one of the main reason why technology is not booming here in our country is due to lack of proper and quality education.
At least, maging hopeful na lang tayo na si Sarah Duterte na ang susunod na Deped Secretary. 🤦
Babalik na ang ROTC sa mga schools at magiging ma-quality na ulit ang education system dito. 🤦
tech is less important.we need to focus on our food source and agriculture
You're very wrong. Israel uses technology for their Agriculture and they turn desserts into farm land.
@@christopher19843 we dont have deserts here.lol
@@christopher19843 you're right. The agriculture sector here needs to be updated by present and useful technologies now about farming.
But how can we do that if most of crooked politicians always steal our tax money?
Oligarchs in the Philippines: *silently laughing while drinking 💰
I'm sure you don't have a single idea about the word oligarch.
Those oligarchs could bring benefit to your country if you know how to use them.
I'm pretty sure you don't know what oligarchs mean.
Not just complacency, but we are not enterprenure people, hoping that someday there are people who take the risk to startup then we will be at par with nguyen 🤣🤣🤣
Not that we are not enterprenure, I've seen a lot of my relatives or friends started a small business.
But they don't last too long because of laziness (getting tired of lifting heavy items) and lack of motivation (when the business is in low) most of the time.
Most Filipinos are like flying geese.
We're motivated today, but lazy the next day. Then motivated on the third today and lazy again on the next day and the cycle goes on.
But Phil has a huge BPO industry. Why is that not mentioned
High electricity bills
many inventions of the Filipinos but other country who benefited if you remember the incubator to revive a baby
The only home grown tech company called XURPASS is dead though.
Wait there cant be anymore filipino tech start up out there. What about Kumu?
Paymaya is now Maya
THE PROBLEM THE IGNORANCE OF ,RICHEST IN PHILIPPINES ,THEY DON'T SUSTAIN THE PROMOTION OF INVENTION AND ALSO OTHER LOCAL GOVERNMENT THEIR INVENTION SOLD
TO OTHER COUNTRIES INTERESTED WHO PROMOTE INVENTION OF TECHNOLOGY. BUT PHILIPPINES ONLY 110 MILLIONS PUPULATIONS WE ,INVENTED ALREADY SATELITE THERE UP
HIGH IN SKY. COMPARE TO INDIA, ONE POINT FOUR ,BILLIONS 1.4 PEOPLES.
❤️✋
Joyride is purely Philippines.
we will catch up with the incoming administration.
Papasukin ang Foreign Investors!
That’s why we need UNITEAM In order for the country to progress, at this point in time we don’t need critics anymore cos the government is doing well in every sector
I voted for Uniteam but i do not agree with your statement... we still need critics bro in order for the government and also for the people to know their flaws and negativities