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Peso-dollar exchange rate hurting export business

The fact that the peso has strengthened itself against the dollar has hurt the business too. Eugene Leyran says, “At a trade show, if a buyer is interested, I would send samples right away. By the time the buyer sends a purchase order, the peso-dollar exchange rate may have gone down by two pesos." And with a 30-day credit term extended to clients, Sigel may find itself staring at an even leaner margin by the time the client pays if the exchange rate goes down again.

The cost of manufacturing has also gone up. “Our constraint is the price of our finished product. It's too high because it's labor intensive. Maski ako namamahalan," says Eugene. At times, clients would set a price for their items, and won't budge if Eugene explains that they can't offer the goods at that price given the forex rate. more

Software application development

This is the stuff of business integration software, business process management tools and portal integration software. Mentioning no names (because we�ve all got access to Google) we know that this is powerful technology � but it�s not perfect. Not that Gartner�s word is the gospel truth (bad choice of word there � sorry), but they do have plenty of info on their site with pertinent titles like: �Six Challenges for Government Business Process Management� so it�s pretty clear that this is not a done deal and there�s plenty of debate still to be had around this topic. Go searching around the web and you�ll see plenty of info on this topic too of course. So do the Saudi�s have a corner on the market for perfecting the implementation of this kind of software? I�m not at liberty to say your excellency ☺

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Triad unemployment down slightly in April The Business Journal of

Unemployment rates in the Triad dropped slightly in April, according to the Employment Security Commission of North Carolina.

In the Greensboro-High Point area, the rate was 5.3 percent, down from 5.4 percent in March.

For Winston-Salem, unemployment was at 4.9 percent, down from 5 percent in March.

Unemployment rates improved in 80 of the state's 100 counties, the commission reported.

For the combined Triad area, there were 41,485 unemployed people out of a labor force of 784,367.

The Greensboro-High Point area saw an increase of 700 jobs in leisure and hospitality since last month, plus 400 more jobs in natural resources, mining and construction.

Winston-Salem saw 800 jobs in the leisure and hospitality sector, plus 200 jobs in educational and health services. more

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