June 25, 2018, 9:56 am
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1 Philippine Peso = 0.06901 UAE Dirham
1 Philippine Peso = 2.02912 Albanian Lek
1 Philippine Peso = 0.03401 Neth Antilles Guilder
1 Philippine Peso = 0.5072 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03345 Aruba Florin
1 Philippine Peso = 0.03758 Barbados Dollar
1 Philippine Peso = 1.57159 Bangladesh Taka
1 Philippine Peso = 0.03155 Bulgarian Lev
1 Philippine Peso = 0.00712 Bahraini Dinar
1 Philippine Peso = 32.90079 Burundi Franc
1 Philippine Peso = 0.01879 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1289 Bolivian Boliviano
1 Philippine Peso = 0.07111 Brazilian Real
1 Philippine Peso = 0.01879 Bahamian Dollar
1 Philippine Peso = 1.28053 Bhutan Ngultrum
1 Philippine Peso = 0.19402 Botswana Pula
1 Philippine Peso = 376.17437 Belarus Ruble
1 Philippine Peso = 0.03754 Belize Dollar
1 Philippine Peso = 0.02493 Canadian Dollar
1 Philippine Peso = 0.01856 Swiss Franc
1 Philippine Peso = 11.99061 Chilean Peso
1 Philippine Peso = 0.12218 Chinese Yuan
1 Philippine Peso = 54.75385 Colombian Peso
1 Philippine Peso = 10.57591 Costa Rica Colon
1 Philippine Peso = 0.01879 Cuban Peso
1 Philippine Peso = 1.77772 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.33615 Djibouti Franc
1 Philippine Peso = 0.12016 Danish Krone
1 Philippine Peso = 0.92728 Dominican Peso
1 Philippine Peso = 2.1963 Algerian Dinar
1 Philippine Peso = 0.25225 Estonian Kroon
1 Philippine Peso = 0.33484 Egyptian Pound
1 Philippine Peso = 0.51146 Ethiopian Birr
1 Philippine Peso = 0.01612 Euro
1 Philippine Peso = 0.03918 Fiji Dollar
1 Philippine Peso = 0.01416 Falkland Islands Pound
1 Philippine Peso = 0.01417 British Pound
1 Philippine Peso = 0.08979 Ghanaian Cedi
1 Philippine Peso = 0.87956 Gambian Dalasi
1 Philippine Peso = 169.07178 Guinea Franc
1 Philippine Peso = 0.14072 Guatemala Quetzal
1 Philippine Peso = 3.87599 Guyana Dollar
1 Philippine Peso = 0.14741 Hong Kong Dollar
1 Philippine Peso = 0.44878 Honduras Lempira
1 Philippine Peso = 0.11882 Croatian Kuna
1 Philippine Peso = 1.24803 Haiti Gourde
1 Philippine Peso = 5.23224 Hungarian Forint
1 Philippine Peso = 264.43067 Indonesian Rupiah
1 Philippine Peso = 0.06764 Israeli Shekel
1 Philippine Peso = 1.27568 Indian Rupee
1 Philippine Peso = 22.24728 Iraqi Dinar
1 Philippine Peso = 798.38407 Iran Rial
1 Philippine Peso = 2.03119 Iceland Krona
1 Philippine Peso = 2.45509 Jamaican Dollar
1 Philippine Peso = 0.01333 Jordanian Dinar
1 Philippine Peso = 2.06417 Japanese Yen
1 Philippine Peso = 1.89121 Kenyan Shilling
1 Philippine Peso = 1.28183 Kyrgyzstan Som
1 Philippine Peso = 76.00526 Cambodia Riel
1 Philippine Peso = 7.92522 Comoros Franc
1 Philippine Peso = 16.91094 North Korean Won
1 Philippine Peso = 20.86622 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01541 Cayman Islands Dollar
1 Philippine Peso = 6.38595 Kazakhstan Tenge
1 Philippine Peso = 158.00451 Lao Kip
1 Philippine Peso = 28.292 Lebanese Pound
1 Philippine Peso = 2.98572 Sri Lanka Rupee
1 Philippine Peso = 2.74709 Liberian Dollar
1 Philippine Peso = 0.25254 Lesotho Loti
1 Philippine Peso = 0.05728 Lithuanian Lita
1 Philippine Peso = 0.01166 Latvian Lat
1 Philippine Peso = 0.02548 Libyan Dinar
1 Philippine Peso = 0.1786 Moroccan Dirham
1 Philippine Peso = 0.3177 Moldovan Leu
1 Philippine Peso = 0.98891 Macedonian Denar
1 Philippine Peso = 25.98647 Myanmar Kyat
1 Philippine Peso = 45.97896 Mongolian Tugrik
1 Philippine Peso = 0.15183 Macau Pataca
1 Philippine Peso = 6.67042 Mauritania Ougulya
1 Philippine Peso = 0.65295 Mauritius Rupee
1 Philippine Peso = 0.29256 Maldives Rufiyaa
1 Philippine Peso = 13.4053 Malawi Kwacha
1 Philippine Peso = 0.37584 Mexican Peso
1 Philippine Peso = 0.07518 Malaysian Ringgit
1 Philippine Peso = 0.25239 Namibian Dollar
1 Philippine Peso = 6.72679 Nigerian Naira
1 Philippine Peso = 0.59207 Nicaragua Cordoba
1 Philippine Peso = 0.15205 Norwegian Krone
1 Philippine Peso = 2.03401 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01879 Panama Balboa
1 Philippine Peso = 0.06134 Peruvian Nuevo Sol
1 Philippine Peso = 0.0609 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28222 Pakistani Rupee
1 Philippine Peso = 0.06966 Polish Zloty
1 Philippine Peso = 106.55769 Paraguayan Guarani
1 Philippine Peso = 0.06839 Qatar Rial
1 Philippine Peso = 0.07509 Romanian New Leu
1 Philippine Peso = 1.18236 Russian Rouble
1 Philippine Peso = 15.96073 Rwanda Franc
1 Philippine Peso = 0.07046 Saudi Arabian Riyal
1 Philippine Peso = 0.1479 Solomon Islands Dollar
1 Philippine Peso = 0.25235 Seychelles Rupee
1 Philippine Peso = 0.33738 Sudanese Pound
1 Philippine Peso = 0.16635 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01417 St Helena Pound
1 Philippine Peso = 0.41725 Slovak Koruna
1 Philippine Peso = 149.94363 Sierra Leone Leone
1 Philippine Peso = 10.72905 Somali Shilling
1 Philippine Peso = 394.98309 Sao Tome Dobra
1 Philippine Peso = 0.16441 El Salvador Colon
1 Philippine Peso = 9.67644 Syrian Pound
1 Philippine Peso = 0.25202 Swaziland Lilageni
1 Philippine Peso = 0.61856 Thai Baht
1 Philippine Peso = 0.04882 Tunisian Dinar
1 Philippine Peso = 0.04333 Tongan paʻanga
1 Philippine Peso = 0.08786 Turkish Lira
1 Philippine Peso = 0.12682 Trinidad Tobago Dollar
1 Philippine Peso = 0.56924 Taiwan Dollar
1 Philippine Peso = 42.63435 Tanzanian Shilling
1 Philippine Peso = 0.49267 Ukraine Hryvnia
1 Philippine Peso = 72.51597 Ugandan Shilling
1 Philippine Peso = 0.01879 United States Dollar
1 Philippine Peso = 0.59451 Uruguayan New Peso
1 Philippine Peso = 147.50094 Uzbekistan Sum
1 Philippine Peso = 1499.4363 Venezuelan Bolivar
1 Philippine Peso = 430.10147 Vietnam Dong
1 Philippine Peso = 2.07159 Vanuatu Vatu
1 Philippine Peso = 0.0488 Samoa Tala
1 Philippine Peso = 10.56614 CFA Franc (BEAC)
1 Philippine Peso = 0.05073 East Caribbean Dollar
1 Philippine Peso = 10.56614 CFA Franc (BCEAO)
1 Philippine Peso = 1.92165 Pacific Franc
1 Philippine Peso = 4.69466 Yemen Riyal
1 Philippine Peso = 0.25241 South African Rand
1 Philippine Peso = 97.51033 Zambian Kwacha
1 Philippine Peso = 6.80008 Zimbabwe dollar

DOTr: It could be an understatement

The Department of Transportation (DOTr) yesterday agreed that traffic in Metro Manila has indeed worsened and believes the JICA report that productivity loses due to traffic mat reach P3.5 billion a day may be an “understatement.”

“It could be an understatement, Traffic is really bad.  The solution has to be through a basket of approaches which include system, procedure, infrastructure and discipline,” Arthur Tugade, transportation secretary, yesterday said at the sidelines of the 36th Joint Meeting of the Philippines and Japan Economic Cooperation Committees.

“All of us should help.  That is why we are planning on building a subway system and other transportation projects under the Build Build Build program.  I know there are solutions,” he said.

Tugade said the Build Build Build program is anchored on the belief that through heavy investment on the country’s infrastructure, a sustained, robust and all-inclusive socio economic development can be achieved

“This means more roads, more bridges, more railways, more airports and more ports being constructed, more jobs being generated and more smart cities to live in. We are not just building structures, we are connecting cities, bringing people close and improving lived” he said.

For railways, DOTr said that five railways lines will start or continue construction this year, which aims to expand the current 72 km railways to 1,500 to 1,900 km of railways by end of administration.

“2018 is really the year for railways and I am sure our friends from JICA understand why. Japan is playing a major role in improving the railways system of this country” Tugade said.

Among the railways includes PNR Clark , PNR-Bicol the stretch that will connect Metro Manila to Los Banos, Laguna, Metro Manila Subway that will start from Mindanao Ave in Quezon City Mindanao Railway in Quezon City leading up to NAIA.

Tugade also said DOTr is adopting two approaches to address the worsening traffic congestion in the aviation sector – expand the existing airports and build new airports within Central Luzon and Metro Manila.

“The aviation roadmap consists of two approaches: number one develop the existing, improve the existing airport... all the provincial and regional airports including Clark International Airport and NAIA (Ninoy Aquino International Airport),” Tugade said.

“As we improve them, look at the other areas where you can have not just an alternative airport but an additional airport within Central Luzon and Metro Manila,” Tugade added.

Tugade mentioned he recently received unsolicited proposals to build a new international airport in Sangley and in Bulacan, in addition to the proposal to rehabilitate and expand NAIA.

“I have received two proposals… to develop and put up an airport in Bulacan… last Monday we received a proposal wanting to develop Sangley. I have also received a proposal from seven giant consortium to expand NAIA,” he said.

He said he welcomes proposals to build more airports for the benefit of the riding public.

“My position is simple, the more the merrier.At the end of the day, I would like to give the riding public the choice what airport to use, which airline to fly with and what fare to pay,” Tugade said.

NAIA is operating beyond its ideal capacity of 36 million as it served 42 million passengers as of end 2017,with 40 aircraft landing and take-off per hour.

The government has awarded the original proponent status to San Miguel Corp. for its proposal to build a P700-billion airport in Bulacan.The proposed airport involves a 2,500-hectare property with up to six runways that can accommodate up to 100 million passengers per year.

The NAIA consortium is composed of seven conglomerates that submitted a proposal to transform the NAIA main gateway into a regional hub and a fully integrated premier airport for P350 billion.

Meanwhile, Manuel Pangilinan, Metro Pacific Investments Corp. (MPIC) chairman, said it would be challenging for the consortium to build the third runway, which is crucial in addressing the anticipated increase in passengers.

“We saw in the issue to fix NAIA the most challenging part is the runway,” Pangilinan said. MPIC is part of the NAIA consortium.

The proposal involves a 35-year concession period covering the construction, operation and maintenance of the airport.The project is divided into two phases.

Phase 1 requires P100 billion in investment for the expansion of the existing passenger terminals to accommodate up to 65 million passengers per year, from approximately 42 million passengers currently.

The airport capacity is expected to further increase to 100 million once the second phase is completed which requires P250 billion in investments for the construction of a third runway, the location of which would be determined in coordination with the government.

Phase 2 also involves the development of taxiways, passenger terminals and associated support infrastructure.
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