Not Too Happy With the Strong Peso

I read in the news today that the Philippine peso would strengthen to 39 pesos next year.  That's really bad news since the conversion will then go down to 37 pesos for us - Paypal and Western Union do not really follow the printed conversion and we'd have to pay for their service too, that's why it's that low.  Problem is, everything is expensive nowadays.  All the prices of basic commodities are just through the roof!  Before long, Manila will be one of the more expensive capitals to live in in the world.

Anyway, the strengthening of the peso is indeed a challenge for us so the only way to fight it is to set up a local presence which we have started with FABE magazine and the FABE studio.  We still have to look for another possible local business next year that can bring in daily sales.

Whew, the challenges never end!