The world's most professional nannies are exported as Southeast Asian island countries, and the Philippines is known as the "Pearl of the Western Pacific." According to public information, the Philippines is one of the emerging industrial countries and emerging markets in the world. Similar to South Korea and other Asian countries, the Philippines is also an export-oriented economy.

Although the economic growth of many emerging market countries in Asia showed signs of rising weakness, the economy of the second quarter of the Philippines experienced a growth rate of 7.5%. In the first quarter, it even experienced a high growth rate of 7.8%, far higher than the performance of Indonesia, Vietnam, and other countries. It has become the most dazzling emerging market in Southeast Asia.

The high growth rate of the Philippine economy can be seen from its GDP structure. The Philippines is dominated by agriculture and industry. Food processing, textile garments, electronics and automotive components are particularly valued. Most of the industry is concentrated in the suburbs of Metro Manila. In addition, the city of Cebu has recently become an attraction for foreign and local investment. One subject.

Another major feature of the Philippine economy is Filipino workers. According to public information, there are currently many Filipino women who go out to work in neighboring countries to earn a living. Most of them are domestic helpers. In fact, Filipino domestic helpers made a lot of money for the Philippines, once accounting for 5% to 6% of the GDP of the Philippines. In the world's housekeeping industry, "Filipino Maid" can be regarded as a well-known brand, which is known as "the world's most professional nanny" reputation.

Many Filipino domestic helpers are sent by agencies in the Philippines. At present, more and more Filipinos go to China alone to find a job as a maid. For them, China is a place worth taking a risk.

The industry GDP data compiled by Bloomberg shows that the industries that contributed the most to GDP in the first quarter were service industry (28.12%), industry (16.74%) and manufacturing (11.84%).

Return of the U.S. dollar to the global mining industry In the second quarter of this year, the Philippine public sector showed a year-on-year growth. The shrinking 2.7% of the mining industry is particularly abrupt and has become the industry with the worst performance in the same period.

The mining industry in the Philippines has great potential. According to public information, the Philippines has large reserves of chromite, nickel and copper. The natural gas discovered on the outer islands of Palawan has recently been part of the Philippines’ abundant energy reserves for geothermal, hydropower and coal.

Despite the huge potential of the mining industry in the Philippines, with the Fed planning to withdraw from quantitative easing, the return of the US dollar, and the decline in prices of commodities such as gold and coal, coupled with the high tax rate of the Philippine government, the country’s mining industry began to decline.

In fact, in the first two quarters of this year, international gold prices have fallen by nearly 26.3%. The Bloomberg terminal has shown that the global coal price index for the same period has fallen by about 35%. In view of this, the days of Philippine mining companies in the first half of the year have also been increasing. Sad.

The pressure from falling coal prices led Philex Petroleum Corp. of the Philippines to suspend its related business earlier this year. According to local media report PhilStar, a wholly-owned subsidiary of the Philex Petroleum Company has decided to suspend its coal mining project at Siboranga Sibugay in the province of Zamboanga for six months.

In addition to the negative impact of the declining trend of the entire industry, the taxation system of the Philippine government has also caused a great blow to the gold mining industry in the Philippines. Under the current taxation system in the Philippines, when small-scale gold mines sell gold to the Philippine Central Bank, they need to pay higher taxes. This has caused many small-scale gold miners to sell gold to other traders and sell them to overseas. Companies, such a tedious process have affected the output of miners. According to the Philippine Bureau of Mines and Geology, about 68% of the 2012 gold products in the Philippines are provided by small-scale gold mining companies.