BPOs may close if peso-dollar hits 39

[Eyemesem]

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Complicated kaayo ning economics bah. Maong hapit ko nahagbong anis college.

yep. dili ingon ana kasimple ang pagpadagan sa economy.

a stronger peso does not automatically equate to positive effect for our country, not YET anyway with the CURRENT environment here

supposed to be mas dako unta tag purchasing power kay strong naman kunohay ang peso and considering daghan tag mga gipang-import diri

but then again, unsaon nimo ang purchasing power kung mawad-an kag trabaho?

kung 39 lang kutob, siguro dili basta-basta mamalhin tong mga dagko nga BPOs nga dako dako nang na-invest diri sa Pinas. i think unang maapektahan ra tong mga gagmay nga dali ra pwede buhian ang business diri.

pero kung magpadayon pa gani mokusog ang peso beyond ana in a span of 1 year, i think makita na gyud nato ang dakong epekto. mao na diha, kita lang ron ang katag unya. kanang tanaw ninyo nga simpleng hulga-hulga lang, pwede na na matinood

[nikkobum]

agree ko nimo sis Eyemesem -- dili pa ma kita ang katag kay dili paman stable nga ni baba na dyud ang dollar but as you've said in a year nga below 40PHP ang 1 Dollar kana paksi na ang scatter ani ... ;D

[Eyemesem]

hopefully there are enough smart people in this government who know how to offset the "negative" effects of a stronger peso

dili ni sa ingon nga we hope modepreciate og balik ang peso. what we want is a stable currency

and also we want to see some reforms in the government that would encourage a healthy business environment. you want more foreign investors but at the same time you also want local businesses to thrive (and by local i don't mean it gets limited to the few biggies like Ayala's, Lopez's, etc only kay sila ray malipay og mabulahan), thus providing more employment opportunities

one of the things that need to be addressed is the cost of electricity here. mahal ta diri compared to our other neighboring countries. i think i've read somewhere that we are second highest in Asia in terms of power rates. pobre ta pero ang kuryente pwerteng mahala. and unless you're living under a rock, you know that a big portion of business (corporate) operation expenses is on electricity.

[edoy]

mao nani ron kung mo mahal ang dollar daghan mo angal , kung mo ubos ang dollar daghan pud mo angal...pagka luoy pud sa dollar....

[BreakMe-PC]

na deads jud.. mawadan ta ani ug work

[jednified]

atong pag.asa nlng ani.. kay mahimo ug gold diggers.. mangasawa ug datu na foreigner. Hahaha!

[MrKrabbs]

ay modako mn or mogamay ang peso dollar rate ky mao ghapon ang mga pobre pabilin mag antos nya ang mga datu pabilin madatu! bsan pila pana kabuok BPO ma close dha mao ra ghapon.

[kulotzki]

Tuesday, January 8, 2013

AN economics expert fears that some Business Process outsourcing (BPOs) may close shop if the Philippine currency continues to appreciate.

In ANC's Business Nightly aired Monday, Victor Abola, Program Director of the Strategic Business Economics Program of the University of Asia and the Pacific said that if the peso-to-dollar exchange goes down to 39, BPOs may transfer to other countries.

Abola said that while the Philippine peso appreciated since 2010 by 10 percent, India's currency depreciated by more than 20 percent giving BPO companies a choice to transfer their operations where they have cost advantage.

Abola said that the Business Process Outsourcing companies have aired that they will close shop if the Philippine peso continues to appreciate.

However, the Business Process Outsourcing Association of the Philippines (BPAP) said that it can't comment on Abola's statement just yet.

As of Monday, the peso-dollar exchange is at P40.8560 and the Philippine Stock Exchange breached the 6,000 mark for the first time in history making a record high for the fourth straight session. (Sunnex with wire reports)


source: sunstar
Expert: BPOs may close if peso-dollar hits exchange 39 | Sun.Star

Far from possibility man jud ni kaayo siya kay naa sad baya contracts and scope of job description on top sa labor code... Dili ka basta2 ug lay-off ang mga BPO's especially that they are comprising the bigger, if not the most, percentage of the jobs here in the Philippines.

[real_matrix24]

Pait kaau... gamay nalang conversion sa PAYPAL... ahaks...

[kageron]

I am not racist but when you listen to indian people when they speak they are like having a tongue twister but not all of them lol
Na sandwich naman ni ang economy sa pinas naunsa naman ni