Somewhere in the 1970s, the career as a salesman started to edge other careers. There were sales engineers and other sales people from other professions. As for myself, I was in the banking industry as a working student in 1974, then got into automotive sales in the last quarter of 1976. Why? My brother I was next to, was in that industry and I saw him making good! Commissions alone on one car sale is twice that of my regular one month salary with the bank! True enough I made it good and in less than 4 months, I was promoted as a Branch Sales Manager. The car sales industry was good in our country until early 1979, then it suddenly went slow in the second quarter. I was only 25 years old then and decided to find employment in the pharmaceutical sales industry. It was not difficult to find a job in those years as long as one had a college degree. When I got into that industry, I never thought that it was better, career-wise and the pay. As a medical representative, it was almost glamorous as you worked on your own time and disposal! Visits from higher-ups came only once a month or as rare as once in three months! There were so many perks in that industry then. Being in that industry started to look so good in the mid 1980s. It was a blessing in disguise for me to have left that industry in late 1982 when we started to go on our own business.
Sunday, September 21, 2008
Careers then . . .
Somewhere in the 1970s, the career as a salesman started to edge other careers. There were sales engineers and other sales people from other professions. As for myself, I was in the banking industry as a working student in 1974, then got into automotive sales in the last quarter of 1976. Why? My brother I was next to, was in that industry and I saw him making good! Commissions alone on one car sale is twice that of my regular one month salary with the bank! True enough I made it good and in less than 4 months, I was promoted as a Branch Sales Manager. The car sales industry was good in our country until early 1979, then it suddenly went slow in the second quarter. I was only 25 years old then and decided to find employment in the pharmaceutical sales industry. It was not difficult to find a job in those years as long as one had a college degree. When I got into that industry, I never thought that it was better, career-wise and the pay. As a medical representative, it was almost glamorous as you worked on your own time and disposal! Visits from higher-ups came only once a month or as rare as once in three months! There were so many perks in that industry then. Being in that industry started to look so good in the mid 1980s. It was a blessing in disguise for me to have left that industry in late 1982 when we started to go on our own business.
Saturday, September 13, 2008
Philippine Peso - Dollar Exchange Rate Review
In my search for a history in this I was surprised to find one at seaquestdivecenter! It was posted by Benjamin A. Usigan under the title "The Evolution of Philippine Exchange Rate Policies". It was updated only until 1992. Here's an excerpt of some of the exchange rates on the article that I am quoting directly:
"From the post-war period up to the beginning of the 1960s, the
In response, the monetary authorities adopted a multi-tier exchange rate system starting April 1960. Under this system, exporters were allowed to surrender 75 percent nof their foreign exchange receipts at the official rate while the remaining 25 percent was valued at the free rate initially set at P3.20 to $1.00.
In November 1960, the decontrol program enlarged the amount of transactions valued at the free market rate to 50 percent of all foreign exchange receipts with the exchange rate at the free market reduced to P3.00 to $1.00.
On November 8, 1965, the decontrol program was completed and the peso was devalued to P3.90 to a dollar.
On February 21, 1970, the
The peso's exchange rate experienced two hefty depreciations in 1983: from P10.083 per US$.00 in May to P11.0015 per US$1.00 in June (9.1 percent) and from P11.002 per US$1.00 in September to P14.002 per US$1.00 in October (27.3 percent).
After June 1984, when the peso depreciated by 28.6 percent from P14.002 to P18.002, the peso thereafter settled at P19.97 at the end of 1984 and appreciated by 7 percent to P18.4 in January 1985."
Source: http://www.seaquestdivecenter.net/peso-history.html
In early 2007, if I remember right, it had gone to something like 56.00 Pesos to a Dollar! As of now the exchange rate hoovers at around 47.00 pesos to a dollar. If my memory serves me right, the biggest jump was some time in 1984 when the exchange rate jumped from somewhere 7 is to 1 to 14 Pesos to a Dollar! I would say I remember that correctly because we had to stop construction of a house extension due to the sudden increase in construction materials.Tuesday, September 9, 2008
Island of Palawan circa 1967-68 - Part 1
Actually, it was only in recent past about 5 or 6 years ago, that I came to realize all these. There are a lot of stories I could blog about here during our almost 2-year stay in Palawan. But as my usual self, I would not want to make this a boring article to read as I know most of you should be doing more important things online. Part 2 of this series will be my personal adventures, what I did on my own there that my siblings and parents wouldn't have known about. I hope I could write it very soon as I am excited myself to tell the stories about them too. Some of them were scary or weird growing-up scenarios.
As of this writing the Palawan Quicksilver Mines has mined-out itself for many years now. I have not been in contact with any of my former classmates or friends since we left. Having been online frequently for the past 4 years now, I have not come across any of them yet, inspite of some searches I have made.
Lunch Break
Until the mid-1980s, our city, the City of Baguio was a pleasant place to go around in a car or just walking. The cold early mornings could still be felt and the refreshing smell of Pine trees was still much around. Taking a ride home was still easy especially for those who live not more than a 15-minute ride away. It was usual then that someone would be at home who has prepared lunch. So, some 20 to 25 minutes could be used to eat and watch some TV and still be on time to go back to school or work. Many people were still residing within the central business district. When the city needed more office or business spaces, rentals within the business district went high for commercial use. This meant people had to reside farther away and had started having difficult time to go home for lunch breaks. Living farther calls for a need of vehicles - more vehicles caused traffic. And that is how it is now in our city.
Monday, September 1, 2008
Baguio Day - September 1
There are some things unique to the city. It is the only city that has a Presidential Mansion in the country, that's aside from the Malacanang Palace in Manila. The city also boasts of having a Supreme Court and Court of Appeals buildings along with cottages for the Justices and Cabinet Members. The summer court sessions used to be an annual thing. I am not really sure if it still is that way now. The Presidents of the Philippines have always used the Presidential Mansion at least twice or thrice a year.
Photo Courtesy of http://www.flickr.com/photos/islandman/
That's what the City of Baguio was as far as I know why it was a special city in the Philippines.
The Philippines
The country has several ethnic groups and dialects. The official national language is Filipino, also known as Tagalog, and English an official language too. The Filipino race is a blend of several coming from Malay (brown race), Chinese and Spanish. The Spanish has colonized the country for 400 hundred years until the late 1800s which explains more of the mixed race. This also made it for a religion, predominantly Catholic.
The Filipinos generically show utmost respect to elders. This is the reason why most families are closely knit. We use some words to show respect when addressing elders or while speaking with them. Sometimes though, it's either funny or weird when an older one unknowingly addresses another person with those words of respect to a younger fellow. The more so for those not well acquainted and age gap is difficult to determine. Well, those are some customs or traditions which at times could be improper, if not embarrassing. With some western influences, that custom or tradition has dwindled down a bit. Another worthwhile mentioning here is, Filipinos have developed addressing Caucasians as "sir" or "ma'am". This could have cropped up from some sort of feeling inferior in race color.