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                    [ArticleID] => 187840
                    [Title] => Not alone
                    [Summary] => Signs of the times 1: In Binondo, the cost of business has gone up because the preferred currency used in paying the "facilitating fee" has shifted from pesos to dollars.


Just consider how small P1 million translates to in dollars or how much $1 million translates to in pesos at the current foreign exchange rate.
* * *

Signs of the times 2: The Philippines is not the only Asian country being hit by white collar unemployment.


                    [DatePublished] => 2002-12-14 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
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DID LEONARDO TY

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                    [ArticleID] => 187840
                    [Title] => Not alone
                    [Summary] => Signs of the times 1: In Binondo, the cost of business has gone up because the preferred currency used in paying the "facilitating fee" has shifted from pesos to dollars.


Just consider how small P1 million translates to in dollars or how much $1 million translates to in pesos at the current foreign exchange rate.
* * *

Signs of the times 2: The Philippines is not the only Asian country being hit by white collar unemployment.


                    [DatePublished] => 2002-12-14 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
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abtest

Not alone

By Margaret Jao-Grey  | December 14, 2002 - 12:00am

Signs of the times 1: In Binondo, the cost of business has gone up because the preferred currency used in paying the "facilitating fee" has shifted from pesos to dollars. Just consider how small P1 million...

Business