to give everyone an idea on how the ph govt set in place processes.
to get an abn here it takes next day or same day. free. plus business name cost 90 bucks approx.
to get an abn equivalent in ph takes approx 10 to 14 days. you go from one bureau to another and then another and then another. end up costing approx 3000 peso approx which is about 100 bucks.
so the fact that pil can get approval for credit licence is a miracle by any standards and is a major hurdle off the cards.
im eyeing entry just not sure if the bottom has really hit yet.
no matter how you see it the sp is being held back. similar to cro where it went on for months before the 1.xx exploded.
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