Why do you think foreign companies are leaving the Philippines?

The Philippine lost foreign companies, due to corruption and instabilities.

Many years ago many factories closed because of high electricity cost, lack of infrastructure, corruption and red tape, radical worker unions like KMU who keeps organizing strikes. Wonder why when you look at your toothpaste, shampoo or any household things we use, they are made either in Indonesia, Thailand or Malaysia or Vietnam. They used to be produced locally until Unilever and Proctor and Gamble closed their factories here. We also used to have tire manufacturing and car assembly here, now it's all made in Thailand or China.

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

Doesn't matter. Asian Zelensky would keep his billions intact and his wife would buy another Bugatti.

These poor people in comments 😂😂. Never watch the video and understand what the video is trying to convey. Mindless keyboard warrior

their president is doing what his parents did decades ago, but in a much more modern way

Endemic corruption and intractable region inequality have long hindered the Philipines economy. If they can not reverse such woes, Philipines will be stranded in the middle income trap forever.

But the red light district thrives

Because of mass corruption in all areas of business.

this is only the start wait till when china investment all pulled out of philippines

With local warlords calling the shot, the business environment is not conducive for foreign investors.

When a dictator son, a tv drama star as a president of a country. Just imagine.

What's the big deal? Foreign companies come and go in China, India, Malaysia, South America, Thailand, Europe, etc etc. They go to countries where they could maximise their profits. This is basic economics.

Most companies say the cost of electricity and the poor internet service is the main reason they exit.

Most of this company is moving their operation to Malaysia especially the chip manufacture

Even the Chinese Filipinos who are the greatest contributors to the Philippine economy are investing somewhere else most notably Vietnam following the lead of Western countries.

Luckily, US bases and US soldiers will spend big there esp on Philippine gals, that gonna propel local economy big time, for this reason i do believe marcos Jr. and his administration is a group pretty smart politicians who knows how to rejuvenate economy by making good use of a crisis like war. Good job man!❤

Bad infrastructure and high energy cost..

Foreign companies and individuals are scared off from investing in our country, thanks to anti-FDI laws like the maximum 40% equity participation requirement for certain industries by foreigners, and the rest of the 60% must be invested by already well-off Pinoys. The outright foreign land ownership ban also scares foreign individuals away from retiring in our country because they can't access housing loans without showing land titles to local commercial banks.

Keep in mind the semiconductor plants in the Phillipines only did CHIP ASSEMBLY, not chip manufacturing. 😊

Because of rampant of corruption from government, banking and religious sector.

Marcos telling people his country will be attacked. Good luck. He is saying bad things about his own country.

less economic activity, less income generated by producers, and lower economic growth - high inflation the more the peso increased the more for investors see that its not good make business in the Philippines most of them moved to Vietnam or india

60/40 ownership is the main reason .

Vietnam is one of the best destinations in SEA for Transational Corporations and FDI 👍👍👍🇻🇳🇻🇳🇻🇳

The Philippine government has not been loyal to its ASEAN (Association of South-East Asian Nations) Countries (i.e. China, Malaysia, Indonesia, Laos, Thailand, Cambodia, Myanmar, Singapore and Vietnam). The ASEAN Countries are all prospering, but the leaders of the Philippines have turned their support towards USA's interests and not what's best for ASEAN. USA uses the Philippines to justify why they are 10,000 km away from their own country, surrounding the ASEAN countries with weekly War Ships and War Planes for the past 10 years ... and USA's annual LIVE Naval exercises in the ASEAN waters. As such, the Philippines are losing companies because their proUSA choices is making the whole region unstable. The Leaders of the Philippines need to REALLY STUDY HARD what USA has done to Ukraine, using them as their Battle Field and their People for USA's proxy War against Russia. So why do the leaders of the Philippines think that USA care about them?

When a collapsing economy is on the rise, its time to double down. 😳 Make that make sense.

MANILA, Philippines - A Chinese and a Chinese-American, both associated with the medical device industry, have been kidnapped for ransom and killed. The victims arrived in the Philippines on June 20 on a business trip, but they were kidnapped by unidentified persons. One of the victims is Xia Ke Fu, 39, a marketing director at Suzhou RainMed Medical Technology and an alumnus of Hunan City University. The identity of the other victim, a Chinese-American, is being withheld by the authorities at the request of his family. The US Federal Bureau of Investigation is reportedly assisting in the probe. The kidnappers killed the victims on June 24 despite their families paying a ransom of three million RMB. Their remains were recovered in a province in Luzon. The Chinese embassy has expressed concern to Malacañang about crimes targeting Chinese nationals. Chinese Ambassador Huang Xilian met with Executive Secretary Lucas Bersamin last Monday at the Palace.

The reasons why foreign investor left the Philippines due to high operating cost , like labor cost , electricity , taxes, water, gas, high rent of buildings and political solicitation asking money.

Philipines have pver 10 million people exporting drugs and to their people its philipines biggest exporter to the world white powder ’

Why? Ukraine 2 is coming to the Philippines soon.

Congrats Phillipines

Because the president’s wife is buying more shoes 👠 👠

Philippine Government should allow the best, in the world, to invest in Philippines. Investments should be based on strategic competitive advantage, over capacity, and return on investment. China learned from Japan, Singapore and other successful nations. 😊😊

They should show this in the news in Philippines not a bunch of stupid gossips

For a starter the worst International airport...If u fly into that Airport...and still want yo do business in Philippines..I will die of laughters 😂

never mind, overseas phillipinos and phillipinas are sending their wages to the phillipine, and they are the biggest working force in nursing in the USA and all over the world..

Investors are running away to Malaysia 😅😅😅

US lap dog.. 😂😂😂

The Main reason is the 60/40 First Filipino policy and as a Filipino minimum wage earner this is a really stupid policy

Vietnam's per capita GDP in 2024 is estimated to be $4,623 (nominal) and $15,470 (PPP). The average minimum hourly wage for Vietnam is around VND 15,600 (roughly $0.67) in Region IV, while the highest is VND 22,500 (approximately $0.97) in Region I (major cities like Hanoi and Ho Chi Minh City). Vietnam's average monthly salary varies depending on location and skillset. Here's a general idea: * Unskilled workers: VND 4-5 million (around $170-$215) a month * Skilled workers: VND 10 million (around $430) a month. . The electricity price in Vietnam varies depending on consumption level. As of November 2023, the following tiers apply: * VND 1,806 (US$0.07) per kWh for the first 50 kWh * VND 1,866 to VND 3,151 (US0.07 to US0.13) per kWh for consumption exceeding 50 kWh These prices reflect a 4.5% increase implemented in November 2023. . The Philippines' per capita GDP in 2024 is estimated to be around $4,130 (nominal) and $12,191 (PPP). The average monthly wage in Metro Manila is estimated to be around ₱32,870 ($558), according to the 2023 Philippine Statistics Authority (PSA) Occupational Wages Survey. This figure includes both salary and other benefits, such as allowances and overtime pay. . The electricity rate in the Philippines varies depending on location and the specific electricity provider. However, as of July 2024, the typical household rate in Metro Manila is around Php 11.91 per kilowatt-hour (kWh). This is an indicative rate and can fluctuate depending on various factors.

Intel requested for the extention of tax holidays but it was not granted by Philippine governmentbin 2005. Vietnam gave that tax perks to attract Intel.

Look at the quality of the leadership. Instead of focusing on growth, they are focusing on geo politics. They have the highest foreign remittance to the country and yet the government don't perform. They could work and learn from the Chinese, but instead they choose to fight. Choose a leader that is trained to manage a country not an actor or champion fighter or someone related to previous leader who is total not groomed to be a leader by training. Marco junior definitely is cluesless about his objectives in leading the country and all he wants is to get back all his father's wealth from US.

Now the Philippines also makes Chinese companies and businesses left the country.

This country must vote in good leaders who care to rule n lead properly

The current Marcos is only interested in his personal wealth through the USA underhand donation. He is not interested in the welfare of the Philippine nation and the prosperity of his people. Remember the shoe-living woman? She is still there. By cooperating with the USA Military Complex, the assets frozen by the USA for the stolen wealth of Marcos Senior can be released. The whole Marcos family is still enjoying his Personal wealth. This man is not going to give up anytime soon.

Even in the United States companies are closing and mass layoff is going on.

Like father like son

The Philippines has too much red tape and outdated paper work. I love the Ph but I wouldn't move big money into the Ph. Maybe smaller businesses.

Main reason of business leaving always come from instability, infighting, war looming, and greedy politicians and media serving rich foreigners disregarding the interest of citizen and nation.

It's the same here in wester Europe by the way.

they need to open more military bases

It is just the beginning! No FDI will risk their future in a country with 9 US Army bases!

Life goes on in Philippines even though economic growth is stagnated. The rich Filipinos will continue to become richer, while the poor have to work harder and still remain poor or destitute.

No surprise when it comes to the labor productivity, production quality output and etc.... More over the government is falling back to be a lapdog of the west. Nothing new. The government should keep up like that so that the companies can get out from the shit hole.

Replace your pres. Marcos in this coming election or impeach him and focus more on the economy. Have new policies that focuses more on investment and business. Problem solved.

Lahat ng foreign Investors nag aalisan na sa Pinas at lahat ng tao mawawalan na ng trabaho, Pilipinas na yata ang pinaka masahol na bansa sa mundo kaya seriously wala na talagang saysay na tumira pa dito sa Pilipinas, dahil sobrang nakakahiya at nakakasuka na tumira sa Pinas... dati Pilipinas ang Pinaka maunlad at Pinaka maganda sa Southeast asia, pero ngayon pilipinas na ang pinaka huli, Tapos pati ang Cambodia na muntik nang maubos ang lahi noong 1980's dahil sa Pang aapi ng mga Khmer Rouge, ay natalo pa ang Pilipinas sa Infrastructures at Pagandahan ng Cities, at mauungusan pa ang Pilipinas sa Economy after few years, kaya wala nang saysay na tumira pa dito sa Pilipinas, kaya ako mag ma migrate na ako sa ibang bansa at hinding hinde nako babalik sa Pilipinas, kahit bisita o Bakasyon hinde.... at magpapalit na rin ako ng nationality. mas pipiliin kopa na tawagin nalang akong alien ufo kaya Filipino.. dahil sobrang nakakahiya ang maging Filipino.

1. Electricity is soooooo freakin expensive

Similiar situation with Indonesia

Philippines has the biggest slum in the world

From barangay captain to senator. They all need their 5 % cut 😂

il explain in a few words why they left... the "60 - 40 constitution" and yes the expensive utilities and non existent infrastructure here in the philippines"

Dahil sa magulo ang ating political system. Natatakot sila baka magkagulo na nman dahil sa daming gustong maging pinuno. Tayo din nman ang dapat sisishin sa sitwasyong ito. Dami din mga politician nating nababayaran ng mga ibang kompanya na may mga kapit na politico. Kadalasan kasi sa mga politico natin ay mga negosyante, ayaw din Talaga nating umasenso dahil sa kada eleksyon, halos lahat sa ating mga botante ay nababayaran at kung sino yong Malaki magbibigay ay syang iboboto ng karamihan. Hindi nman siguro masama kung tatangapin natin ang pera at ibuboto yong mga taong dapat ilagay sa pwesto na makakatulong sa ating ekonomeya.

the philippines have many structural deficiencies it needs to address. FAST. 1. high cost of electricity 2. high total cost of doing business 3. reduction of red tape and elimination of corruption, 4. lower or zero tariffs of raw materials for export 5. lower or zero tariffs for means of production or heavy machinery 6. high cost of internet vs other asean countries 7. high cost of transportation 8. lack of supporting industries for industrialization 9. insufficient technical talent or poor technical achievement vs other asean countries 10. small middle class relative to the economy, gdp per capita

Which company want to sit on a ticking bomb while the surroundings are crumbling like a house of cards?. I have been to the Philippines two times and I could see that they are poor and the public infrastructure is less developed than Thailand. The Philippines is a target to be destroyed by China’s missiles when the USA’s conflict with China is ignited and its supply chain network is not developed to sustain big companies like Intel. It’s close relationship with the usa and the usd cause the debt to increase and its economy to a stagnation.

Rising utility costs and high living expenses compared to 4-5 years ago.

Because there are other choices.

2 Chinese executives have been recently kidnapped and killed in Philippine. I would never set foot in that country

What you are saying are two decades ago but now with Pres. Marcos at helm, Foreign Investors are coming back because of Governments commitment for Change and Transparency. God bless PBBM! God bless the Philippines! 👍😃🙏❤️💪🇵🇭

Dear Lord, I did not drink , did not look for women.This whole Cebu does not interest me.I cannot but all concluded that this was a scam. BOOK WRITING was a scam in Singapore and the Philippines .I was broke by this kind of adventure.I give up .

Welcome to the Philippines! The Ukraine of Asia!

Intel and Hanjin more than 10 years Left philippines. 😂😂😂😂

Texas Instruments is still thriving and hiring here in the Philippines

PH needs infrastructure first. Needs basic electricity grid and running water. 80% still in poverty.

Main reason is the current Phillipines top leadership is leaning towards imperialistic US to pit against China. In this case, pragmatic local & foreign investors see no future to invest in the Phillipines when it irks China being the upcoming largest global economy by next few years, in which they have a great stake in it.

Philippines government is ungrateful. China had invested money, infrastructure, etc in Philippines. China had also supplied free Covid-19 vaccines to Philippines during the pandemic. Now China should withdraw all their investments in Philippines.

Many reasons. 1. Natural calamities 2. No purchasing power 3. Infrastructure challenges 4. Not well known for manufacturing. But services is fine. 5. Power outages 6. Fossil fuel cost The advantage of english is no more.

Talk about the 60/40 ownership. The foreigner put up all the money but can only own 40% of the company. The foreigner can't own the land of the business. Sounds like a bad investment for the foreigner but good for the Philippines. The foreigner can't even own a lot to build a house to live there. Everything is set up for the foreigner to lose money. It's like playing 3 card monte! No mater what you pick you lose and they win! Until you can have ownership of what you buy. No smart foreigner is going to want to take the chance of putting up all of the funds but, can only have 40% and if you Filipino partner pulls out you have to find another or lose everything because you can't own anything! This is just a bad business model!

This is good... blaming the companies instead of the country. Philippines can do no wrong. Is it a wonder why Philippines continues to lack behind other Southeast Asian nations in manufacturing and commerce? Let's get real, The Philippines is a fantastic tourist & retirement destination, investment not so much.

yes! I did it! I'm the first one to comment! I finally did it! note: the reason I celebrated was because this is the first time that I was the first one to comments

Good report. The Ford Plant is a weird case because it was almost new after an extensive renovation a few years earlier. The electric grid in the Philippines is a big problem. Brownouts are common in most islands and companies really can't have that. I love the Philippines and the Filipino people as they are some of the hardest-working people I have ever met. And they have good ethics. Happy Trails from Florida

Kidnapping are so common in this country and the worst thing their police men are one of them to involve in the heinous robbery /kidnapping activities.

I love phillippines .... Love from malaysia

leaving the philippines or left the philippines? clearly those companies left the philippines during the time of the previous adminstrations but you are telling it just like it is leaving because of the present admin... clearly you are against this admin and probabably a china propagandist

Cost of power, Government not knowing how business works, workers stealing any thing not in a safe.

most of essential companies are private owned and dictating wage in products and services. If only the government will look on ways how to gradually take control of these such as electricity, highway tolls, oil, etc. then it could be a step forward.not to mention corruption which is the root cause.

Chinese trolls are goin to have Field day for this.

With Marco jr it will get worse by day.

With some uncertainties like the geopolitics and high cost of electricity but how about mentioning the Philippine constitution? The country might be open but there’s a cap in it, which is one or could be the biggest factor that makes an investors change their mind.

The Philippines gained independence long before many other Asean countries. In the early years of Marcos's rule, The Philippines was regarded as a role model in South East Asia or even Asia. However, the glorious days didn't last as mismanagement and corruption continued to plague this country until the ousting of Marcos. People's power didn't restore order in this country as malpractice was deep rooted. Back to Marcos Jr and history seems to repeat itself. But it's still the result of People's choice.

The Philippines under FPRDuterte was on its way to being conduscive to foreign investors and progress. Under this administration unfortunately, all the previous changes have been wiped out and has taken a full reverse back to full blown corruption, criminality and has taken the Philippines on its dangerous path to war.

Philippines love war😂😂

Some businesses leave or stop investing in a country because they don’t like the leadership and they don’t see any advantages or growth in the future.

Thanks, for a clear explaination.

Maybe the president of Philippines should now go to China and invite Chinese companies to come and invest in Philippines.

Phillipines is Warzone.

I'm a Filipino, and i agree to this. I hope this would reach the Philippines government.

It's because of unstable government 😢

Unionbank announced that it would drop the Citi brand and Mitsubishi aren't doing well here in Philippines.