Do you have a business and needed fresh capital to supplant expanding operation? Why not list it in the Philippine Stock Exchange.
After the investment upgrade of the Philippines by Fitch Ratings one key mentioned in order to make Philippines economic growth continue to the succeeding years is for the country to have more companies listed in an exchange.
The Philippine Stock Exchange is one of the pioneer exchange in Asia and yet it is still in its development stage and way behind compared to some of our neighbors like Hong Kong, Malaysia, and Australia. We are expecting ETF(Exchange Traded Funds) and other equity instrument to be traded soon but again in order to spur active participation of our kababayans we need more companies with profitable business to get listed so that we can participate in their growth.
Below is a screenshot from the Philippine Stock Exchange website for the requirements for a company to get listed.
source: www.pse.com.ph
For more information check out SEC(Securities and Exchange Commission) and PSE(Philippine Stock Exchange).
PSE Academy (www.pseacademy.com.ph) provides a comprehensive, interactive, and practical web-based investor education for market participants, would-be equity investors, and the public in general.
Sir I’ve been planning to put up a buy and sell business of rice and corn crops in my hometown province in Isabela. I would like to help my fellow farmers because every harvesting time those local businessmen are taking advantage of us by buying our goods very cheap, we are indebted to them leaving us with no other choice but to sell them our products with almost nothing left to us and that forces us to borrow to start another cropping from them again. I know the hardships that most of us are enduring to survive, this is the very reason why we farmers are getting poorer. Since my young age I’ve been wanting to compete with them but i don’t have millions, how i wish i have millions of money to buy my fellow farmers’ crops higher than them enough to make them have a decent life because of farming. May i ask sir what you have in mind, by the way my only capital right now is 100k, hehe nangangarap ba ako ng gising sir?
Wow that is a noble cause for you Jamin. Yes it is sad to say that the state of farming in the Philippines has gone down. Even to date we keep importing because our own crops are even have a higher price tag because for those who take advantage of the poor farmers. It is also so nice to hear that one young farmer like you have this desire to help your kababayans up there in Isabela.
It is a hard task but it is possible. As they say the solution is in the problem. This is my suggestion(it is up to you if you think this is the right way or not) ask your fellow farmers how could you improve production of crops at a lower cost(possible consulting the DOST on how to improve crop production). Also since your activity is an on-going farming plan a way that the next crop’s “binhi” is planted even before the harvest time so that when harvest time comes and the land has rested the next crop is just there ready to plant. Also since your problem is how you deliver your crops to the market in the best price for farmers and the end buyers why not look for a reliable and honest buy and sell business to buy your crops and sell it tot he public. Yes unfortunately competition drives any businessman to buy low and sell high in order to get back one’s investment. Your 100k capital is enough but I am not sure how tight is the competition in Isabela. I know you have a noble cause but in the end you might just lose all that doing your cause and you might end up regretful of your choice. That is how business is. SO the best way to beat it is to teach farmers how to yield good and abundant crop at a very low cost.
There are so many cost to consider like fertilizer, patubig, work force, etc. if you can find ways to lower those and still yield or harvest a quality crop and abundant crop that will be one of the solution to your problems. Also why not use compost/organic fertilizer instead of commercial abono. You can start by studying what waste could be best use as organic compost that will enrich the land.
I hope this helps. Again thank you for such a noble cause for our farmers. Mabuhay ka Jamin!