I read a post in Singapore eFinancial Careers about Singaporeans and people from Hong Kong (http://news.efinancialcareers.sg/formhandler.cfm#viewAllComments) working in finance losing jobs in their country with the ongoing financial crisis to pack their bags for the Philippines. I was somehow realizing that jobs from the west will soon come in the Philippines. In order for the financial institutions in US to save on cost and save their business they will probably operate their business and go on outsourcing from the call center hub Philippines and this time in finance and accounting where business and talent is cheap.
Big financial institutions are hiring financial professionals to work in the country. This may be great for the professionals for our neighbors in Singapore and Hong Kong but also great for the locals who may benefit of the expanding business and greater opportunities. As Filipinos have done good in call center industry there would be no reason that they can't do it in the financial industry. Many Filipino talents are already at par with the rest of the world in the financial industry. The Philippine financial market may not be that complex in bigger and richer countries but given the same set of brains and hard work there can be no reason that Filipinos can't do well in Wall Street.
As for our neighbors whose considering our country, welcome! :) We also have a lot to offer. Salary may be lower in here but luxuries are cheaper and very cheap to live an average life. Philippines is still a work in progress. And with business activity growing and relocating of giant companies in here will surely help to improve Philippines.
Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts
Sunday, February 8, 2009
The Bubble Story
I once have read something about the bubble story. I can't remember when or who wrote that but all I can remember is that, when a bubble is pressed on one of its side, the other part would enlarge. With that in mind, I was thinking of the world today as a bubble. The financial crunch have weighed down the west part of the bubble makes me wonder if the east part would enlarge?
Thousands of jobs have been lost since the start of the financial crisis. You can read it anywhere. And I've read some articles that some of these "lost jobs" in the west are flying to the east. And they're eyeing for the Philippines. In order to cut cost, giants are going to operate in the Philippines where talents and business operation is cheap. Business activities would soon fuel the economy. Entrepreneurs will have new vision for opportunities. Seems like there is really a bubble story happening right now. Somehow, the crisis have brought blessings to the small players in this big world. Maybe its time for us to take this chance to help ourselves.
Thousands of jobs have been lost since the start of the financial crisis. You can read it anywhere. And I've read some articles that some of these "lost jobs" in the west are flying to the east. And they're eyeing for the Philippines. In order to cut cost, giants are going to operate in the Philippines where talents and business operation is cheap. Business activities would soon fuel the economy. Entrepreneurs will have new vision for opportunities. Seems like there is really a bubble story happening right now. Somehow, the crisis have brought blessings to the small players in this big world. Maybe its time for us to take this chance to help ourselves.
Wednesday, January 7, 2009
ANYTHING 2009
Hey! It’s a brand new year and we’re in for another year of i-don’t-know-what’s-going to happen stance. With the financial crisis that’s not yet in its full effect as experts have been trying to determine, we wonder if we’ll ever have a hard time this year. But instead of getting anxious let’s think of ways on how to recession-proof our situation. Well, that must certainly start in our earning capacity. What then are the best careers in 2009?
They say that health professionals are still in demand and IT people are not that marketable with the emergence of transferring jobs offshore. These types of jobs can easily be thrown offshore as well as finance and accounting jobs. Green jobs are “in” as more and more companies are getting more aware and become more responsible with saving earth. Sustainability-related careers are definitely a good way to keep on going.
What about if you just got out from high school or contemplating a change in career path? You may want to consider these 5 best careers in 2009 released by US news and world report. These are Health Policy Specialist, Fundraiser, Higher Education Administrator, Management Consultant and Usability / User Experience Specialist. These careers were identified based on job outlook, average job satisfaction, difficulty of the required training, prestige and pay.
But I think, we don’t really have to worry about this as long as we keep on equipping ourselves and keep a positive attitude. That’s what we really need during tough times.
As to the color of the year, pantone “the global authority on color and provider of professional color standards for the design industries”, announced yellow as the color of the year. Such yellow is specifically called PANTONE® 14-0848 Mimosa, a “warm, engaging yellow which embodies hopefulness and reassurance in a climate of change”. This is so perfect for the current status of our world today, with climate change and recession taking place.
As to fashion, designers may consider the issue on climate change and create a fashion statement that cares much for saving our earth. May it be using environment-friendly materials, energy-saving garments, maybe solar generating energy items (why not?)
As to goods, more and more goods will be produced that prevent or lessen the exhaustion of green house gases that destroy the ozone layer and there will be more and more programs on cleaning earth and more awareness and education on calculating carbon footprint. The use of gas maybe minimized and may interest more inventors to come up with more ways to generate energy without the use of fossil fuels.
As to government, more policies might be passed and imposed on climate change issues. People immigration might also increase as there are large countries with large economies that needs to be built by skilled people. Such countries are opening or loosening their immigration laws to cater the need of their economy.
All in all, there may be part of the world that will have a hard time and there will also be in good stance. It’s just like a bubble. When a part is squeezed it will definitely bloat the other part. And so opportunities will still be there we just have to always equip ourselves.
They say that health professionals are still in demand and IT people are not that marketable with the emergence of transferring jobs offshore. These types of jobs can easily be thrown offshore as well as finance and accounting jobs. Green jobs are “in” as more and more companies are getting more aware and become more responsible with saving earth. Sustainability-related careers are definitely a good way to keep on going.
What about if you just got out from high school or contemplating a change in career path? You may want to consider these 5 best careers in 2009 released by US news and world report. These are Health Policy Specialist, Fundraiser, Higher Education Administrator, Management Consultant and Usability / User Experience Specialist. These careers were identified based on job outlook, average job satisfaction, difficulty of the required training, prestige and pay.
But I think, we don’t really have to worry about this as long as we keep on equipping ourselves and keep a positive attitude. That’s what we really need during tough times.
As to the color of the year, pantone “the global authority on color and provider of professional color standards for the design industries”, announced yellow as the color of the year. Such yellow is specifically called PANTONE® 14-0848 Mimosa, a “warm, engaging yellow which embodies hopefulness and reassurance in a climate of change”. This is so perfect for the current status of our world today, with climate change and recession taking place.
As to fashion, designers may consider the issue on climate change and create a fashion statement that cares much for saving our earth. May it be using environment-friendly materials, energy-saving garments, maybe solar generating energy items (why not?)
As to goods, more and more goods will be produced that prevent or lessen the exhaustion of green house gases that destroy the ozone layer and there will be more and more programs on cleaning earth and more awareness and education on calculating carbon footprint. The use of gas maybe minimized and may interest more inventors to come up with more ways to generate energy without the use of fossil fuels.
As to government, more policies might be passed and imposed on climate change issues. People immigration might also increase as there are large countries with large economies that needs to be built by skilled people. Such countries are opening or loosening their immigration laws to cater the need of their economy.
All in all, there may be part of the world that will have a hard time and there will also be in good stance. It’s just like a bubble. When a part is squeezed it will definitely bloat the other part. And so opportunities will still be there we just have to always equip ourselves.
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