Friday, January 25, 2008

Good news and Bad news:

Peso to hit 37.2:$ in 2008 as remittances pour in - HSBC

Good: Since I've always believed that the dollar ought to be valued for less than P40. For an import-oriented economy like ours, this ought to be good news.

Bad: Since the appreciation of the peso will devour our firm's revenues from abroad. Call centers, who until now were awashed with abundant cash, will have to tighten belts soon.

In that regard, I've noticed that the usual practice of people from several BPOs is to leave their workstations (computers) open even if they're home. I dunno, but that sounds like a tremendous waste of energy that not only contributes to the surging power costs in the country, but hurts their employers' bottomline as well.

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