|Don't Ever Invest
in the Philippines To Avoid the Loss of Your Real Estate or Business
When a defaulting Filipina tenant can keep her American landlord out of the
Philippines so that he cannot evict her, it is easy to understand that it is
very unwise for a foreigner to invest in a such corrupt nation, in which
many Filipinos continually try to take financial advantage of foreign
visitors and foreign investors.
This entire website explains well the bad experience of one American
investor in the Philippines, but Mr. Fry's experiences are not unique. The
following article by Philippines journalist Ramon Tulfo, as published in the
Philippines leading newspaper Philippines Daily Inquirer, is a
good insight into why you should never invest in Philippines
real estate or a Philippines business. The widespread high Philippines crime,
especially against foreigners, is another big reason not to invest. Read the
U.S. State Department's
Crime and Safety Report, issued on Feb. 20, 2012.
Business @ AsiaOne
Why foreigners don't invest in Philippines
bribery, high power rates and militant employees drive investors away.
by Ramon Tulfo
Sep 29, 2011
Philippine Daily Inquirer/Asia News Network
Noy has been going abroad inviting foreign businessmen to invest in the
country. Only very few investors will answer President Noy's invitation.
not an investor-friendly government and country.
investors will have to reckon with corrupt officials at the Securities and
Exchange Commission, Department of Trade and Industry and the Bureau of
Customs, which will assess the machinery and equipment to be brought in.
investors will have to bribe officials of towns and cities where the
foreign-owned companies will be set up.
barangay officials will have to be bribed for a business permit to be
released. You think that's the end of it? No sir!
one of the highest power rates in the world; so much of the investors'
expenses will be for the payment of electric bills.
drives away foreign investments are our militant employees. They stage
strikes and walkouts once they see their company is earning.