Ateneo Professor on Entrepreneurship
Rizal Philippines | April 15, 2013
I just came from a visit of an island province in Region 1V. I met a very young business entrepreneur. At age 38, their family owned water business, a restaurant, trucking. His brother and sisters came home from abroad because of decreasing income at Europe (not to mention decreasing currency value)
Philippines is now the darling of investors, and PHL debt is now investment grade at Bb+ rating.
His driver now is Caucasian (not a Russian)
We even joked about the possibility of being engaged in passenger ferry. If we buy, at the current fare schedule and volume of passengers, we could payback in 2 years. We could order two even if each one costs 5 million dollars apiece
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