A Securities and Exchange Commission oversees mutual funds and securities activities, while the Commissioner of Cooperatives currently supervises the credit unions which provide a vital intermediation function for a large segment of the population. With an open external current and capital account, the domestic financial sector is closely integrated with the rest of the world.
We are destined to see a terminal decline in the industry due to the unsustainable rate of harvesting that has occurred. It is predicted that non-plantation logging will be fully exhausted in 4-5 years.