May 27, 2018, 9:51 pm
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1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 Zimbabwe dollar

Build. Build. Build.

THE DUTERTE administration is expected to launch big ticket infrastructure projects to drive economic growth in the next five years.

Build, build, and build. Under this mantra several government agencies are partnering to implement major projects involving railways, bridges, roads, airports and green city developments.

Manila-Clark Railway, a major project of the Department of Transportation (DOTr) when completed would guarantee one hour travel from Metro Manila to Clark International Airport. The other DOTr projects are Metro Manila Bus Rapid Train System, regional airport and Roll-on/Roll-off development projects

The Mindanao Railway which is targeted to start construction this year would mean a two-hour travel time from Davao to Surigao and Cagayan de Oro (CDO). The railway system would connect major cities such as CDO, Iligan, Zamboanga, Butuan, Surigao, Davao, and General Santos.

Projects under Bases Conversion and Development Authority (BCDA) include the Clark Green City, Clark International Airport new terminal building, Bonifacio Global City (BGC) to NAIA Bus Rapid Transit (BRT) system and Subic-Clark Cargo Railway project. The railway project is seen as a long term solution to highly congested traffic in Metro Manila by providing a more viable option (than trucks) for moving goods into and from the capital.

Department of Public Works and Highways (DPWH) projects which aim to address traffic and flooding include Santa Monica-Lawton- BGC linkbridge; UP-Miriam-Ateneo Viaduct; NLEX-SLEX connector road; Iloilo-Guimaras-Negros-Cebu link bridge and Davao City bypass construction project. 

These projects are expected to be completed in the next three to five years.

Infrastructure spending reached 5.4 percent of Gross Domestic Product (GDP) this year higher compared to five previous administrations.  The Marcos government spent 3.2 percent, Corazon Aquino, Ramos and Estrada spent 2.2 percent, Arroyo 1.9 percent and Aquino administration spent 2.9 percent.

According to International Monetary Fund (IMF), a sustained increase in public infrastructure spending to 5 percent of GDP would add a total of 5 to 6 percent growth to GDP after 15 years.

Aside from these projects, NEDA has cited several projects worth P200 billion have been lined-up for approval including North and South railway up to Bicol and the Cebu Port. Three other projects are in agriculture. 

Public Private Partnership (PPP)

Eleven major infrastructure projects under the PPP which were carried over from the previous administration are expected to be completed and be operational before the end of Duterte administration.

Conglomerates San Miguel Corp, Megawide Construction Corp. and Metro Pacific Investment Corp. (MPIC) and Ayala Corp. projects under construction and pre-constructions stage are expected to be finished in the next three to five years .

Construction of SMC’s Metro Manila Skyway (MMS) Stage 3 and MRT Line 7 project is ongoing.

The MRT 7 is a 22 kilometers elevated railway which will have 14 stations from Edsa (connected to MRT 3) to San del Monte, Bulacan. It is  expected to be finished by 2020.

The MMS or Skyway Stage 3 is 14.82 km., six-lane elevated expressway from Buendia to Balintawak that will link the South Luzon Expressway (SLEX) to NLEX was 19 percent completed as of November last year.

Megawide Construction Corp.’s three projects which include Southwest Terminal of the Integrated Transport System, Mactan Cebu International Airport and PPP for School Infrastructure Project (PSIP) are under construction .

Southwest Terminal of the Integrated Transport System (ITS), started in the fourth quarter last year has been targeted for completion by 2018 .

As of October last year, PPP Center said the MCIA passenger terminal is 35.19 percent completed and expected to be completed in the next three years.

The MPIC Group also has three major projects in the pipeline—LRT 1 extension to Cavite,  Cavite-Laguna Expressway and NLEX-SLEX connector road .

MPIC said Calax construction will start in the first half of this year, while the NLEX-SLEX connector road is expected to begin construction this year if the government would be able to turn-over the right of way for the phase 1.

Light Rail Manila Corp., a consortium of MPIC and Ayala which operates LRT1, said that construction of the LRT extension to Cavite will start in the second quarter.

The Duterte administration is keen on continuing the bidding on PPP projects left by the previous administration.

Last week, DOTr has started the bidding of five unbundled regional airports namely, Bacolod-Silay airport for P 20.26 billion, Davao airport worth P 40.57 billion, New Iloilo airport for P 30.40 billion, Laguindingan for P 14.62 billion, and New Bohol (Panglao)  worth P 4.57 billion .

The Ninoy Aquino International Airport (NAIA) Development project budgeted at P 74.56 billion was approved by NEDA last September and is expected to be bid out this year. Several conglomerates have already expressed interest. 

For the project, the private partner will improve, upgrade and enhance the operational efficiencies of all existing terminals of the NAIA covering both landside and airside, except air traffic services.

Other projects still lined up for bidding include Light Rail Transit (LRT 2) operation and maintenance, regional prison facilities, LRT Line 6 rail extension to Dasmarinas Cavite, Road Transport Information Technology Infrastructure among others.

The DPWH’s P 122.8 Billion Laguna Lakeshore project is expected to go back to the conceptualization stage. The agency is considering revising the bid term and securing a new NEDA approval after last year’s failed bidding.

As of December last year, four projects worth P 31.77 billion have been completed and are operational. These include Muntinlupa-Cavite Expressway, PPP for School Infrastructure project, Automated Fare Collection System (AFCS), and NAIA Expressway Phase II.

Telecommunications

The Department of Information and Communications Technology (DICT) has submitted a proposal to President Duterte to build a national broadband infrastructure using the fiber-optic cable network of the National Grid Corp. of the Philippines (NGCP) with the goal of delivering fast internet to unserved and underserved areas in the country 

DICT is optimistic about implementing the project in three years using the privately-owned NGCP’s  5,000 to 10,000 fiber optic cable running from North to South. This could allow the government to deploy broadband internet in the government agencies in the countryside.

A  National broadband plan, which would ideally address the issues of high cost and slow internet connections, would be submitted for approval.

DICT is looking at partnerships with private sector to help finance the project rollout .

The project is estimated to cost from P 77 billion to P 200 billion if the NGCP would allow the government the use of the land and fiber network to deliver broadband. This cost would be higher if the government would build its own infrastructure. 
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