The Philippines, despite its abundance of natural resources and globally-competitive manpower, still lags behind Asian countries economically. Back in the 60s where the country used to be called " The Tiger in Southeast Asia" because of its strong economy. In fact, the country of Vietnam would send scientists to the Philippines to collaborate with the Filipinos in scientific rice research purposes. But today, it's the other way around. The Philippines is the one importing metric tons of rice from Vietnam and other Asian countries due to the insufficiency of rice production in the Philippines. Aside from the importation of rice, the country is also planning to import sugar because of the shortage of supply in the country. Lately, sugar warehouses across the country were raided on allegations of sugar hoarding. Poverty incidence . As of the first semester of 2021 data, there are a total of 26.14 million poor Filipino families, or 23.7 percent of the country's pop
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