Manila Stock Market bounces back… numbers way up!
What happened in China may fuel a major rush as bargain hunters seek quick returns in emerging markets. Stocks are on the rise as quickly as things popped down they are on thier way back up.
Although the classic phrase of of “what goes up…” does come to mind.
‘Panic is over’ as RP stocks stage big rally
Manila Standard Today, Philippines – “For the Philippines, our focus should still be on translating fiscal reforms into immediate and tangible benefits for our people.” …
But over all Philippine economic numbers are rising, so are local based employment numbers fueled by the Outsourcing industry which is steadily rising overall – the overall perspective of many US nd Euro based companies is the low cost and time saved 24 hour office services needs and requirements can be met by using ‘overnights’ in the country to fill importantant work-flow gaps.
Slowly the field is growing faster. Also home-shoring of people is getting to be major growth area for companies who are seeking maximum returns form lower costs. But what is still needed is better wide area based coverage networks for places that can more effectively serve the home-shored worker.