Posts Tagged ‘recession’

Life can be challenging at times, especially if you’re a Pinoy. Yes, you read it right. If you are a true-blooded pinoy/pinay living in seemingly chaotic/problematic country like Philippines, there is not much to expect. Negative news and negative remarks, you can hear and see all over the TV and newspapers; morning after morning, even before you swallow your first sip of coffee.

So have you heard? Lay offs and (Legacy) scandals. Better that you’ve not heard of it. It’s not going to make you feel good, trust me. And here is definitely not going to make you feel any better: Extremists threaten to behead red Cross hostage. (If you haven’re heard about this news, go to the link.)

A gunfight between our military men and Abu Sayyaf rebels has been taking place for several days now. And it will take long before it will end. Has it been going on for decades now? I’m not quite sure. Better check our history books. But more likely than not, this war in Mindanao has been existing long before I was born.

By the way, I also read somewhere else (I can’t remember) that US recession will be “in the air” for another year. Good Lord! I think lay offs are here to stay longer than we expected.

Good thing, we Filipinos are fighters, overcomers. If you’d ask Jose Rizal, Andres Bonifacio, Ninoy Aquino, they would probably tell you to be brave and fight for what is right for you: either write a book,or labor till you sweat with blood, or go to other country and make a living, then come back if you have saved enough. The result would be nationwide awareness, freedom, indignation. In short, we Filipinos are genius at making things work for the better. We are known for our very long patience. We waited more than 300 years to get to a free country status that we have now. So I’m very sure, we can make ends meet. We can get by.

After all, it’s just a matter of believing that everything is going to be alright. This, too, shall pass.

PS: Have you heard? Manny Pacquiao has given ABS CBN the right to cover his future fights, leaving GMA7 “angry”. Hmm… network war, Pacman.. now that’s what an average Pinoy call “good” news.


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US recession. Intel Cavite shutdown. Accenture’s layoffs of more than 500 employees. Ten rural banks closed in a week. And layoffs happening in a lot of call centers unreported.
What are these news telling us? For me, this kind of newsbreak is alarming. Some experts say we have economic turmoil, while others say these are the impact of global crisis happening right under our nose. These terms are big. I dont know what they really mean. But I sure feel their impact in the lives of most Juan dela Cruz.
OMH (ohmyhubby) is a call center agent. The other call center office just beside their’s has been laying off it’s employees since the last quarter of 2008. He feels unsecured with his job right now.
I am a regular employee of one of the biggest BPO companies in the Philippines. I used to earn on a piece rate basis during the period of 2001 to 2005. Then came 2006, the project I was part of was transferred to a province in Visayas. The management told us, they’re cost cutting; clients were demandind lower prices. Before we knew what was really going on, almost all of the Manila-based projects were transferred to either provinces (where labor cost is cheaper) or other third world countries (again cheaper labor cost than we have here in our country). The management offered us a fixed salary – ceiling rate. That was 2006, and up to this day, my salary then remained fixed.
OMB and I are starting to make modifications on our budget. This include cutting our expenses on certain things, thinking of new ways to earn extra money, and exercising frugality.
Times are hard. We need to be tougher, but we should always remember: God will provide.

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