February 27, 2017, 9:42 pm
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1 Philippine Peso = 0.07302 UAE Dirham
1 Philippine Peso = 2.5353 Albanian Lek
1 Philippine Peso = 0.03534 Neth Antilles Guilder
1 Philippine Peso = 0.3076 Argentine Peso
1 Philippine Peso = 0.02588 Australian Dollar
1 Philippine Peso = 0.0356 Aruba Florin
1 Philippine Peso = 0.03977 Barbados Dollar
1 Philippine Peso = 1.58262 Bangladesh Taka
1 Philippine Peso = 0.03666 Bulgarian Lev
1 Philippine Peso = 0.00749 Bahraini Dinar
1 Philippine Peso = 33.55379 Burundi Franc
1 Philippine Peso = 0.01988 Bermuda Dollar
1 Philippine Peso = 0.02795 Brunei Dollar
1 Philippine Peso = 0.13641 Bolivian Boliviano
1 Philippine Peso = 0.06184 Brazilian Real
1 Philippine Peso = 0.01988 Bahamian Dollar
1 Philippine Peso = 1.33078 Bhutan Ngultrum
1 Philippine Peso = 0.20639 Botswana Pula
1 Philippine Peso = 398.09106 Belarus Ruble
1 Philippine Peso = 0.03972 Belize Dollar
1 Philippine Peso = 0.02608 Canadian Dollar
1 Philippine Peso = 0.02002 Swiss Franc
1 Philippine Peso = 12.85544 Chilean Peso
1 Philippine Peso = 0.13672 Chinese Yuan
1 Philippine Peso = 57.30961 Colombian Peso
1 Philippine Peso = 10.96639 Costa Rica Colon
1 Philippine Peso = 0.01988 Cuban Peso
1 Philippine Peso = 2.07198 Cape Verde Escudo
1 Philippine Peso = 0.50768 Czech Koruna
1 Philippine Peso = 3.53768 Djibouti Franc
1 Philippine Peso = 0.13966 Danish Krone
1 Philippine Peso = 0.93219 Dominican Peso
1 Philippine Peso = 2.18288 Algerian Dinar
1 Philippine Peso = 0.29392 Estonian Kroon
1 Philippine Peso = 0.31219 Egyptian Pound
1 Philippine Peso = 0.44959 Ethiopian Birr
1 Philippine Peso = 0.01879 Euro
1 Philippine Peso = 0.04095 Fiji Dollar
1 Philippine Peso = 0.01599 Falkland Islands Pound
1 Philippine Peso = 0.016 British Pound
1 Philippine Peso = 0.09045 Ghanaian Cedi
1 Philippine Peso = 0.86677 Gambian Dalasi
1 Philippine Peso = 184.88765 Guinea Franc
1 Philippine Peso = 0.14616 Guatemala Quetzal
1 Philippine Peso = 4.06463 Guyana Dollar
1 Philippine Peso = 0.15432 Hong Kong Dollar
1 Philippine Peso = 0.4659 Honduras Lempira
1 Philippine Peso = 0.13889 Croatian Kuna
1 Philippine Peso = 1.2929 Haiti Gourde
1 Philippine Peso = 5.78047 Hungarian Forint
1 Philippine Peso = 265.12229 Indonesian Rupiah
1 Philippine Peso = 0.07314 Israeli Shekel
1 Philippine Peso = 1.32675 Indian Rupee
1 Philippine Peso = 23.48379 Iraqi Dinar
1 Philippine Peso = 644.3428 Iran Rial
1 Philippine Peso = 2.15749 Iceland Krona
1 Philippine Peso = 2.552 Jamaican Dollar
1 Philippine Peso = 0.01406 Jordanian Dinar
1 Philippine Peso = 2.23205 Japanese Yen
1 Philippine Peso = 2.0511 Kenyan Shilling
1 Philippine Peso = 1.37413 Kyrgyzstan Som
1 Philippine Peso = 79.08332 Cambodia Riel
1 Philippine Peso = 9.16683 Comoros Franc
1 Philippine Peso = 17.8962 North Korean Won
1 Philippine Peso = 22.55518 Korean Won
1 Philippine Peso = 0.00606 Kuwaiti Dinar
1 Philippine Peso = 0.01631 Cayman Islands Dollar
1 Philippine Peso = 6.20879 Kazakhstan Tenge
1 Philippine Peso = 162.75601 Lao Kip
1 Philippine Peso = 29.97017 Lebanese Pound
1 Philippine Peso = 3.02386 Sri Lanka Rupee
1 Philippine Peso = 1.78962 Liberian Dollar
1 Philippine Peso = 0.25731 Lesotho Loti
1 Philippine Peso = 0.06062 Lithuanian Lita
1 Philippine Peso = 0.01234 Latvian Lat
1 Philippine Peso = 0.02836 Libyan Dinar
1 Philippine Peso = 0.2006 Moroccan Dirham
1 Philippine Peso = 0.39501 Moldovan Leu
1 Philippine Peso = 1.15033 Macedonian Denar
1 Philippine Peso = 27.18234 Myanmar Kyat
1 Philippine Peso = 49.05548 Mongolian Tugrik
1 Philippine Peso = 0.15894 Macau Pataca
1 Philippine Peso = 7.06443 Mauritania Ougulya
1 Philippine Peso = 0.70292 Mauritius Rupee
1 Philippine Peso = 0.30722 Maldives Rufiyaa
1 Philippine Peso = 14.25532 Malawi Kwacha
1 Philippine Peso = 0.39484 Mexican Peso
1 Philippine Peso = 0.08833 Malaysian Ringgit
1 Philippine Peso = 0.25788 Namibian Dollar
1 Philippine Peso = 6.26367 Nigerian Naira
1 Philippine Peso = 0.58764 Nicaragua Cordoba
1 Philippine Peso = 0.16612 Norwegian Krone
1 Philippine Peso = 2.15947 Nepalese Rupee
1 Philippine Peso = 0.02762 New Zealand Dollar
1 Philippine Peso = 0.00765 Omani Rial
1 Philippine Peso = 0.01988 Panama Balboa
1 Philippine Peso = 0.06467 Peruvian Nuevo Sol
1 Philippine Peso = 0.06313 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.08471 Pakistani Rupee
1 Philippine Peso = 0.08098 Polish Zloty
1 Philippine Peso = 111.13342 Paraguayan Guarani
1 Philippine Peso = 0.0724 Qatar Rial
1 Philippine Peso = 0.08469 Romanian New Leu
1 Philippine Peso = 1.14806 Russian Rouble
1 Philippine Peso = 16.21754 Rwanda Franc
1 Philippine Peso = 0.07456 Saudi Arabian Riyal
1 Philippine Peso = 0.15464 Solomon Islands Dollar
1 Philippine Peso = 0.26809 Seychelles Rupee
1 Philippine Peso = 0.12726 Sudanese Pound
1 Philippine Peso = 0.17945 Swedish Krona
1 Philippine Peso = 0.02797 Singapore Dollar
1 Philippine Peso = 0.016 St Helena Pound
1 Philippine Peso = 0.44156 Slovak Koruna
1 Philippine Peso = 147.08689 Sierra Leone Leone
1 Philippine Peso = 10.83714 Somali Shilling
1 Philippine Peso = 460.37979 Sao Tome Dobra
1 Philippine Peso = 0.17344 El Salvador Colon
1 Philippine Peso = 10.24021 Syrian Pound
1 Philippine Peso = 0.2572 Swaziland Lilageni
1 Philippine Peso = 0.69258 Thai Baht
1 Philippine Peso = 0.04549 Tunisian Dinar
1 Philippine Peso = 0.04466 Tongan paʻanga
1 Philippine Peso = 0.07141 Turkish Lira
1 Philippine Peso = 0.13322 Trinidad Tobago Dollar
1 Philippine Peso = 0.61127 Taiwan Dollar
1 Philippine Peso = 44.28316 Tanzanian Shilling
1 Philippine Peso = 0.53748 Ukraine Hryvnia
1 Philippine Peso = 71.12746 Ugandan Shilling
1 Philippine Peso = 0.01988 United States Dollar
1 Philippine Peso = 0.56154 Uruguayan New Peso
1 Philippine Peso = 66.61364 Uzbekistan Sum
1 Philippine Peso = 0.19835 Venezuelan Bolivar
1 Philippine Peso = 452.89321 Vietnam Dong
1 Philippine Peso = 2.10698 Vanuatu Vatu
1 Philippine Peso = 0.05043 Samoa Tala
1 Philippine Peso = 12.31318 CFA Franc (BEAC)
1 Philippine Peso = 0.05369 East Caribbean Dollar
1 Philippine Peso = 12.37423 CFA Franc (BCEAO)
1 Philippine Peso = 2.23026 Pacific Franc
1 Philippine Peso = 4.97017 Yemen Riyal
1 Philippine Peso = 0.25727 South African Rand
1 Philippine Peso = 103.19149 Zambian Kwacha
1 Philippine Peso = 7.19626 Zimbabwe dollar

Coco farmers to withdraw TRO on levy

The Philippine Coconut Authority (PCA)  yesterday reported that the Confederation of Coconut Farmers Organizations of the Philippines (CONFED) is willing to withdraw its petition before the Supreme Court that led to the issuance of a temporary restraining order (TRO) on the release and use  of the P75 billion coco levy funds. 

PCA administrator Billy Andal and representatives from CONFED have agreed to do what needs to be done to benefit the farmers and develop the industry, PCA said. 

“I am  happy that a major stumbling block to the early disposition of coco levy fund is finally resolved with the CONFED declaration of withdrawal of the TRO,” Andal said in a statement.

“With this development, President Rodrigo Duterte can now dispose without much legal impediment considering that he promised the electorate, the farmers in particular, that he will release the coco levy fund in 30 days,” Andal added.

PCA said the coco levy funds, totaling P75 billion, were money and assets collected from the coconut farmers from 1973 to 1982.

Charlie Avila, CONFED executive director and spokesperson, said the petition was directed against the previous administration.

“We, in CONFED, believe that we have at last a government that means business for the benefit of coconut farmers and the development of the industry. We are willing to withdraw our petition before the court to give PCA a freer hand in governance,” Avila said. 

He added the precise nature of the ownership of the coco levy funds is not absolute ownership but trust ownership.

According to CONFED, the coco levy funds must be regarded as public trust funds since these resulted from taxation and trust ownership as they were levied for certain purposes and could not be disposed of in any way except to attain those ends or purposes. 

“Our government then may not now just do with the funds as it pleases because the funds do not belong to the general funds. They are special funds. Nor even can the farmers claim the funds in an absolute sense of ownership to do with as they please because these funds that came from them are still theirs only for a given purpose. The precise nature of these funds is therefore one of dual ownership,” Avila explained.

He added the government as collector of the funds owns them as trustee while the real beneficial owners are all coconut farmers who were specially taxed by the state for certain purposes. 

“We, the coconut farmers, believe that the coconut industry is one of the major industries that support the national economy. It is the state’s concern to make it strong and secure source not only of the livelihood of a significant segment of the population, but also export earnings the sustained growth of which is one of the imperatives of economic stability,” said Efren Villasenor, CONFED chairman.

Earlier, Andal had hoped the legislators can craft a law to finally release the coco levy fundsincluding the fund’s interest worth P4 billion before yearend. 

“My only request to them is that if the fund will take long to be released, we want to have at least the interest worth at least P4 billion. We want it to be fast tracked even if it takes us to plead to lawmakers,” he had said.

 CONFED is the unified group of coconut farmer organizations nationwide that include the Philippine Association of Small Coconut Farmer’s Organizations, Pambansang Koalisyon ng mga Samahang Magsasaka at Manggagawa sa Niyugan, Coconut Producer’s Federation and their many allied farmers’ organizations, representing more than 95 percent of the organized coconut famers sector in the country.
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