The head of this company Joselito Campos.was a former college classmate. He is the son of Unilab, the biggest local drug company which is multinational. It is unfortunate that the losses of his company doubled for 2024. In PHP th8s runs into billions. While our modest company are not that much, being local and not $ denominated, we are happy that we do not have that much losses.
The losses were attributed to poor performance in US market
It is imply no guts no glory. Growing big entails losses.
I had advised a local food processing company vs putting up a plant in USA because of tight competition, (and lack of knowledge and experience in US market) and high labor cost. With a socialist governor - Gavin Newsome, the advice could not have been much better.
Is it still OK to do business in USA?
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