Fat profits in the Philippines
[QUOTE=BrainDrain;2019323]The other thing to notice is the amount of capital that was invested to return bugger all. So often we can sit in these places and see no one else. The money has been spent on the building, it cannot be recovered, it cannot leave the country. The business will survive because of the low cost of OJT labor. The country is also filled with poorly maintained resorts.[/QUOTE]There is gold in them there hills if you know where to look. The key is getting into a niche market that is not glamorous but provides steady returns. Tourism oriented industries which cater to foreigners are very risky and vulnerable to both internal sociopolitical developments and external economic shocks. Too many foreigners are looking for fun and fortune in dodgy business endeavors such as monger bars, rub-and-tug shops, cyber-sex dens, and a variety of other harebrained schemes.
Any business that involves hiring locals is risky and the risks increase with the number of locals employed. More than a few foreign businessmen have met their end at the hands of disgruntled local employees or ex-employees. Local businessmen use contracted labor both to avoid paying benefits and to avoid having to sack employees who then seek revenge by blowing the business owner's brains out. A six-month contract keeps things much more pleasant as all employees know that they must leave at the end of 6 months upon being hired. Many of them try to leave on good terms in the hopes that they can cycle through the following year after spending 6 months at another job or freelancing.
A growing business opportunity exists in retailing clothing for plus-sized pinays. The girls are getting bigger and bigger every year, while most of the clothes on sale at conventional retail outlets and ukay-ukay stores remain largely aimed at the spinner and average size categories.
Based on data from the World Health Organization, the prevalence of overweight in the Philippines as of 2014 was close to 20 percent of the population and that of obesity by about 5 percent.
"In a study done in the Philippines, increasing urbanization with association to increasing Westernized food habits such as high fat diets, processed foods and consumption of refined carbohydrates; trade liberalization making available a wide variety of processed and fast foods; increased frequency of eating away from home; influence of mass media and sedentary lifestyles have been implicated in the rise of overweight and obesity," the report said.