Concerned about peso getting stronger October 28, 2007
Posted by uhuh in : Income, Pinoy , trackbackI know it sounds weird, but this is quite how I feel right now. I work in an outsourcing company so we kind of relied on foreign currency for our salary. So knowing that the Philippine peso is actually getting stronger against the dollar is quite disheartening for the outsourcing business. And we are quite worried.
Of course, Neil Crespi doesn’t have this kind of problem, with him traveling all over the world and all that. We are ordinary people with extraordinary responsibilities - that is, huge amount of bills to pay, is what I am talking about. It may sound unnationalistic, but I hope that the peso-dollar exchange would get better. By better, I mean I hope the peso plunges at 55 or something. Yeah, that sounds off but it’s the only way outsourcing business can survive I guess, us included.
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