Showing posts with label US President Barack Obama. Show all posts
Showing posts with label US President Barack Obama. Show all posts

Thursday, November 20, 2008

PGMA Finally Hears From Obama

Beggars can't be choosers, as President Gloria Macapagal Arroyo might have realized when she called but failed to talk to United States President-elect Barack Obama at least three times for various reasons.

The first time Arroyo called Obama was when she was in the US while the Presidential campaign was going on. The second and third time she called Obama was to congratulate him for his victory. All calls remained unreturned apparently because Obama was just too busy or too tired to accept the call.

And now, finally, Arroyo can sleep in peace knowing that Obama has finally recognized the Philippines' existence by calling her and assuring her of a continued good relations between the Philippines and the US. Obama's phone call to Arroyo was announced by Press Secretary Jesus Dureza.

Saturday, November 15, 2008

Will Obama's Victory Improve The Way Of Life Of 3rd World Economies Like The Philippines?

The victory of incoming United States president Barack Obama has inspired a lot of people. The US election has gone beyond mere American politics. A lot of countries have been given a confidence boost by Obama's victory despite the prevailing financial crisis. And now that he is about to replace Bush, the question remains: will his victory change the way we live even if we are miles away from the American Dream?

Thursday, November 13, 2008

Obama's Victory To Increase Investor Confidence

The Davao City Chamber of Commerce, Inc. is optimistic that the victory of United States President Barack Obama will increase investor confidence not only in the US but in other countries as well.

"We are optimistic but also realistic---we do not expect that a solution to the US recession will happen in the next 6 to 9 months but investor confidence will definitely increase," DCCCI president
Simeon Marfori said . The increase in investor confidence may not be to the previous level, he added, but it will increase with his victory.

Marfori sees a resurgence of the country's Business Process Outsourcing or BPO sector even with the slowing down of the US economy. With the American companies gearing towards cost-cutting measures, he said, they will then outsource their non-core activities to other countries like the Philippines.

It is good business sense to outsource non-core jobs since it will cost less than employing over-qualified personnel in the US who ask for higher salaries. Filipinos can look forward to more outsourced jobs in the following sectors: graphic design, content development, transcription and call centers.

However, those in the BPO sector are still worried about Obama's stance against outsourcing since he has declared his intention to end tax breaks for companies outsourcing their services outside the US. Some Americans consider the outsourcing trend as the reason why many of them are jobless.

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