I am currently employed in an exporting company. We are selling bananas and Japan is our major market. The current situation of our exchange rate plus the plunging of the oil prices somewhat makes me feel happy. Our company is selling in Dollars and we spend in Peso this means that nowadays we are very liquid. It is quite ironic that some local firms are now closing due to the high cost of production and our company together with other export firms are expanding. As an employee I feel happy that we can still have our jobs for the next few years but as a Filipino I am sad because our economy and other workers are being laid off. In the end I still feel lucky that our management has strong management fundamentals and they are capable of leading us in the years to come.
Monday, October 27, 2008
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