Staying Competitive (1)

The Philippine outsourcing industry is largely a low cost factory supplying parts to the american market. It provides half a million jobs in the country and with more people getting jobs, the better the economy becomes.

The thing is, the country's currency is getting stronger by the day and with the new credit upgrade, its value is expected to appreciate. With that, the outsourcing industry is afraid of losing its price competitiveness.

To be continued.

Summer Outing

I had my fraternity ring and class loop done at joyjewelers.com. I will probably have my company achievement rings and pins done in the same place. Nothing beats like finely crafted jewelry and my favorite store does it really well. The price is also a pleasant surprise. Anyway, the summer is approaching and it’s time to think of awards to outstanding employees. I probably should start designing this year’s price.

The Battle Rages On

Outsourcing companies in the Philippines seems to be standing on unstable grounds as the country's currency continues to rise against the US dollar. Now, one of the country's top exports is becoming expensive and that defeats the very purpose of outsourcing. However, the leaders of the industry should have seen this coming several months ago and steps should have been taken to increase outsourcing's value making its dollar price seem very low compared to possible alternative sources in the US domestic market.