I have been with the financial industry for the past 20 years of my life and have seen the ups and downs of the Philippine economy and the world. But this time, it is the worst so far. My friends and clients have been complaining of low sales, low investment or negative returns and low bank interest deposit rates and negative stock market returns. All I can say is, for as long as the price of petrol will not go down, things will not change for the better. I believe that many of the big time investors are putting their money on the petrol commodity. That's why its been up and up all the way.
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