This advice I want to give with pure sincerity and good faith. Amend your constitution in such a way that you allow foreign investments amounting to 100% of ownership equity like Singapore does. Read Lee Kwan Yew's book FROM THIRD WORLD TO FIRST. It narrates how the ex-Prime Minister turned the Singaporean economy into a miraculous one. Cut taxes at least to 15% like Lee does and Harper did this year. I can tell you, you can accomodate as many a labour force each year, as many a graduating class each year and as many a number of immigrants each year. If you are inspired with Lee's economic miracle and you want to make money from him, sell one of your smallest islands to Singapore for 40 billion dollars. Those are his surplus budget per year because of his economic policy. When worse comes to worse, Philippines will sell one of her islands to Singapore too.