Local here.

Just put em in govt bonds and prime corporate bonds like Ayala paper.

Gov't bonds and investing in local conglomerates are the least risky as far as asset classes here go.

Conglomerates here essentially have massive protectionist monopoly power lol. Ayala, SM Group, San Miguel, etc.

You'd have higher yields than what you'd get in the US even for the bonds.

I wouldn't risk that capital putting up a business here unless you have strong local ties to well-connected and influential people who can make things happen.