Strong currency hurts Philippine call centres

[rickflag]

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and once again, if we focus on i.t. alone, this conversation will go round and round. BPO companies are NOT ONLY I.T. companies but also a multitude of various kinds of companies.

because i once worked at Accenture bro, it's also a BPO company mao ni naka relate. though wa na ko nila but i hate to think nga moabot nasad time manaktak sila kay daku na ila payroll expenses from their foreign clients.

[rickflag]

Off topic: @rickflag: Kabantay ko bro ba, before last week, you were still a senior member. now you're an elite member.

na kani bro ambot lang basin kay tungod kusog pod ko mo post hehehe.

[johnjhet2012]

every month padala og 1000 US dollar sa niaging tuig and dollar ni abot og 50 against dollar to peso, karon naa sa 43 nalang, akong gi sumada na alkanse ko og 6T peso kada bulan, og daku kaayo to nawala pwede na unta palit to og usa ka sakong bugas og sud-an...

paita ning governoha oi ang ofw man ang na apektohan og ang mga datu diha na importer ni samot ka datu unya ang sweldo diha wla ni taas og ang palaliton noon maoy ni taas mao bah kini ang strong peso?

[KlaytoN]

We can copy what China had been doing, that is you fool the world economy by undervaluing your currency..

[monroy]

We can copy what China had been doing, that is you fool the world economy by undervaluing your currency..

China has always presented the Yuan as a fixed rate currency whose value is determined by government, so how can the world economy be fooled when it already knows the Yuan is not a free-float? Your statement smacks of ignorance.

[KlaytoN]

I understand where you're coming from so i'm not affected by your tirades in any way...

[monroy]

I understand where you're coming from so i'm not affected by your tirades in any way...

Instead of engaging in ad-hominem attacks, why don't you educate yourself about the currency wars so you can be enlightened as to why people here are complaining:

UP economist bats for gov

[KlaytoN]

I would rather be a fan of a filipino than be a fanboy of a regime that killed millions of its own people and continue to curtail the rights even on their own fanboys and to this very moment..

[KlaytoN]

OT: Obvious liwat jud sa iyang amo..

A master currency manipulator = A master forum post editor

You can edit all you want aron malimpyo ka tan-awon sa forum..

Master sanitizer indeed..

[diatabz]

you don't bite the hand that feeds you? The depends entirely on which side of the business arena you are feeding from. The BPO industry is the saving grace of potential employees. Saving grace of the country? Majority of these BPOs are located in PEZA protected zones which means they are zero-rate which means they pay little to no taxes. That is the "attractiveness" for BPOs to do business with our country. They open new branches in newly established PEZA zones in order to avoid taxes so don't kid yourself.

Seriously? I'm not even an expert on the PH economy, but it doesn't take a rocket scientist to figure out that a populace of young workers with money to spend is good for the economy. The companies themselves may not be taxed, but what about the employees, who, without the BPO sector, would've otherwise been left jobless, or at the very least, settling for minimum wages?

and OFW remittances? again, these go to the benefit of relatives who spend them. Correct me if i'm wrong but I think the BIR has not fully taxed OFW remittances/salaries so nothing directly goes into government coffers so it hasn't, to put it in your language, become the "saving grace of this country"

And pray tell, where and what do these OFW families spend their money on? Last time I checked, basic necessities, utilities, even amusement and recreational activities all had VAT. You're delusional if you think the Philippine economy isn't buoyed by OFW remittances and FDIs from the BPO sector. You essentially have a steady stream of billions coming each year, which in turn, are being spent and invested into this country.

"protectionist?" are you for real? my statement doesn't have an iota hinting at protectionism. That statement is merely a fact of the sad state of the choices local businesses are left with.

You seemed to lament on the status quo; I assumed you operated some sort SME and your interests were affected by the rise of the BPO industry. Mea culpa.