February 23, 2018, 4:32 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07045 UAE Dirham
1 Philippine Peso = 2.04297 Albanian Lek
1 Philippine Peso = 0.03415 Neth Antilles Guilder
1 Philippine Peso = 0.38059 Argentine Peso
1 Philippine Peso = 0.02443 Australian Dollar
1 Philippine Peso = 0.03415 Aruba Florin
1 Philippine Peso = 0.03837 Barbados Dollar
1 Philippine Peso = 1.59409 Bangladesh Taka
1 Philippine Peso = 0.0304 Bulgarian Lev
1 Philippine Peso = 0.00723 Bahraini Dinar
1 Philippine Peso = 33.58872 Burundi Franc
1 Philippine Peso = 0.01918 Bermuda Dollar
1 Philippine Peso = 0.02533 Brunei Dollar
1 Philippine Peso = 0.13159 Bolivian Boliviano
1 Philippine Peso = 0.06235 Brazilian Real
1 Philippine Peso = 0.01918 Bahamian Dollar
1 Philippine Peso = 1.2325 Bhutan Ngultrum
1 Philippine Peso = 0.18295 Botswana Pula
1 Philippine Peso = 384.03989 Belarus Ruble
1 Philippine Peso = 0.03832 Belize Dollar
1 Philippine Peso = 0.02429 Canadian Dollar
1 Philippine Peso = 0.018 Swiss Franc
1 Philippine Peso = 11.42605 Chilean Peso
1 Philippine Peso = 0.12152 Chinese Yuan
1 Philippine Peso = 54.88202 Colombian Peso
1 Philippine Peso = 10.87186 Costa Rica Colon
1 Philippine Peso = 0.01918 Cuban Peso
1 Philippine Peso = 1.71801 Cape Verde Escudo
1 Philippine Peso = 0.39493 Czech Koruna
1 Philippine Peso = 3.3921 Djibouti Franc
1 Philippine Peso = 0.11601 Danish Krone
1 Philippine Peso = 0.94226 Dominican Peso
1 Philippine Peso = 2.17652 Algerian Dinar
1 Philippine Peso = 0.24369 Estonian Kroon
1 Philippine Peso = 0.33858 Egyptian Pound
1 Philippine Peso = 0.52177 Ethiopian Birr
1 Philippine Peso = 0.01557 Euro
1 Philippine Peso = 0.03825 Fiji Dollar
1 Philippine Peso = 0.01371 Falkland Islands Pound
1 Philippine Peso = 0.01377 British Pound
1 Philippine Peso = 0.08533 Ghanaian Cedi
1 Philippine Peso = 0.89967 Gambian Dalasi
1 Philippine Peso = 172.74122 Guinea Franc
1 Philippine Peso = 0.14073 Guatemala Quetzal
1 Philippine Peso = 3.9296 Guyana Dollar
1 Philippine Peso = 0.15011 Hong Kong Dollar
1 Philippine Peso = 0.45024 Honduras Lempira
1 Philippine Peso = 0.11584 Croatian Kuna
1 Philippine Peso = 1.216 Haiti Gourde
1 Philippine Peso = 4.85824 Hungarian Forint
1 Philippine Peso = 261.23153 Indonesian Rupiah
1 Philippine Peso = 0.06714 Israeli Shekel
1 Philippine Peso = 1.24329 Indian Rupee
1 Philippine Peso = 22.71245 Iraqi Dinar
1 Philippine Peso = 713.12103 Iran Rial
1 Philippine Peso = 1.9248 Iceland Krona
1 Philippine Peso = 2.40936 Jamaican Dollar
1 Philippine Peso = 0.01359 Jordanian Dinar
1 Philippine Peso = 2.0619 Japanese Yen
1 Philippine Peso = 1.9413 Kenyan Shilling
1 Philippine Peso = 1.3061 Kyrgyzstan Som
1 Philippine Peso = 77.09572 Cambodia Riel
1 Philippine Peso = 7.62709 Comoros Franc
1 Philippine Peso = 17.26453 North Korean Won
1 Philippine Peso = 20.55496 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.01573 Cayman Islands Dollar
1 Philippine Peso = 6.12565 Kazakhstan Tenge
1 Philippine Peso = 158.52676 Lao Kip
1 Philippine Peso = 28.96605 Lebanese Pound
1 Philippine Peso = 2.97621 Sri Lanka Rupee
1 Philippine Peso = 2.45904 Liberian Dollar
1 Philippine Peso = 0.22463 Lesotho Loti
1 Philippine Peso = 0.05848 Lithuanian Lita
1 Philippine Peso = 0.0119 Latvian Lat
1 Philippine Peso = 0.02544 Libyan Dinar
1 Philippine Peso = 0.17647 Moroccan Dirham
1 Philippine Peso = 0.31853 Moldovan Leu
1 Philippine Peso = 0.95396 Macedonian Denar
1 Philippine Peso = 25.47477 Myanmar Kyat
1 Philippine Peso = 45.90946 Mongolian Tugrik
1 Philippine Peso = 0.15451 Macau Pataca
1 Philippine Peso = 6.71398 Mauritania Ougulya
1 Philippine Peso = 0.62536 Mauritius Rupee
1 Philippine Peso = 0.29868 Maldives Rufiyaa
1 Philippine Peso = 13.76098 Malawi Kwacha
1 Philippine Peso = 0.35911 Mexican Peso
1 Philippine Peso = 0.07494 Malaysian Ringgit
1 Philippine Peso = 0.22327 Namibian Dollar
1 Philippine Peso = 6.88663 Nigerian Naira
1 Philippine Peso = 0.59477 Nicaragua Cordoba
1 Philippine Peso = 0.15035 Norwegian Krone
1 Philippine Peso = 1.98703 Nepalese Rupee
1 Philippine Peso = 0.02611 New Zealand Dollar
1 Philippine Peso = 0.00738 Omani Rial
1 Philippine Peso = 0.01918 Panama Balboa
1 Philippine Peso = 0.06229 Peruvian Nuevo Sol
1 Philippine Peso = 0.0629 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.11989 Pakistani Rupee
1 Philippine Peso = 0.06472 Polish Zloty
1 Philippine Peso = 106.82716 Paraguayan Guarani
1 Philippine Peso = 0.06982 Qatar Rial
1 Philippine Peso = 0.07256 Romanian New Leu
1 Philippine Peso = 1.0862 Russian Rouble
1 Philippine Peso = 16.12737 Rwanda Franc
1 Philippine Peso = 0.07193 Saudi Arabian Riyal
1 Philippine Peso = 0.14866 Solomon Islands Dollar
1 Philippine Peso = 0.2582 Seychelles Rupee
1 Philippine Peso = 0.34501 Sudanese Pound
1 Philippine Peso = 0.15536 Swedish Krona
1 Philippine Peso = 0.02534 Singapore Dollar
1 Philippine Peso = 0.01372 St Helena Pound
1 Philippine Peso = 0.42597 Slovak Koruna
1 Philippine Peso = 146.36485 Sierra Leone Leone
1 Philippine Peso = 10.78074 Somali Shilling
1 Philippine Peso = 381.75523 Sao Tome Dobra
1 Philippine Peso = 0.16785 El Salvador Colon
1 Philippine Peso = 9.87876 Syrian Pound
1 Philippine Peso = 0.22325 Swaziland Lilageni
1 Philippine Peso = 0.60368 Thai Baht
1 Philippine Peso = 0.04586 Tunisian Dinar
1 Philippine Peso = 0.0428 Tongan paʻanga
1 Philippine Peso = 0.07262 Turkish Lira
1 Philippine Peso = 0.12717 Trinidad Tobago Dollar
1 Philippine Peso = 0.55966 Taiwan Dollar
1 Philippine Peso = 43.06541 Tanzanian Shilling
1 Philippine Peso = 0.51746 Ukraine Hryvnia
1 Philippine Peso = 69.67197 Ugandan Shilling
1 Philippine Peso = 0.01918 United States Dollar
1 Philippine Peso = 0.54556 Uruguayan New Peso
1 Philippine Peso = 156.62766 Uzbekistan Sum
1 Philippine Peso = 478.3426 Venezuelan Bolivar
1 Philippine Peso = 435.71839 Vietnam Dong
1 Philippine Peso = 1.98465 Vanuatu Vatu
1 Philippine Peso = 0.04817 Samoa Tala
1 Philippine Peso = 10.20986 CFA Franc (BEAC)
1 Philippine Peso = 0.05179 East Caribbean Dollar
1 Philippine Peso = 10.20986 CFA Franc (BCEAO)
1 Philippine Peso = 1.85248 Pacific Franc
1 Philippine Peso = 4.79474 Yemen Riyal
1 Philippine Peso = 0.22325 South African Rand
1 Philippine Peso = 99.5492 Zambian Kwacha
1 Philippine Peso = 6.94226 Zimbabwe dollar

EU, PH strengthen ties

The European Union (EU) delegation to the Philippines said the  third approval of the EU-Philippines Partnership and Cooperation Agreement (PCA) in the Senate last Monday is a major milestone and a big step forward in the EU-Philippines relation.

EU ambassador Franz Jessen in a statement  welcomed  the concurrence of the Senate to the ratification of the PCA.

The PCA will serve as a general framework to allow better collaboration between the EU and the Philippines in a number of crucial areas including in political, economic and development issues.

The Philippines and the EU established diplomatic relations 1964, and this partnership has matured and evolved over the years.

EU remains to be a robust partner of the Philippines. 

“Now that the Senate has concurred to the ratification of the Senate, the next challenge is to get this framework effectively operational,” said Jessen.

“From the EU side, we will do everything to keep the relationship with the Philippines robust, dynamic and positive,” he added.

Preliminary figures show that the EU is the country’s second largest export partner, with exports in the first 9 months reaching $7.1 billion. This includes a strong increase in the agri-food sectors that benefit from Generalized System of Preferences Plus.

Foreign direct investments (FDIs) from the 28 EU member states represent the largest FDIs in our country, supporting over 500,000 Filipino jobs. 

Sen. Loren Legarda in her sponsorship speech, said given the current realities of the Philippines’ bilateral relations with the EU, the framework agreement on partnership and cooperation will serve as a solid platform for dialogue to explore ways to achieve our shared goal of a stronger partnership based on mutual respect, trust, and equality. 

 “The EU also continues to prove to be a committed development partner. As of June 2017, the EU ranks fourth among sources of grants from official development assistance (ODA) and 8th among the combined sources of loans and grants of ODA. The EU’s total ongoing ODA portfolio to the Philippines amounts to 190.48 million euros,” said Legarda. 

According to Legarda, the EU is also a major contributor to the Mindanao Trust Fund, a multi-donor grant facility that consolidates international development assistance for the recovery of conflict-affected communities in Mindanao; and a committed member of the International Monitoring Team (IMT) in our peacekeeping efforts with the Moro Islamic Liberation Front. 

The ratification comes days  after the European Commission adopted its second biennial GSP report to the European Parliament and the Council  which includes an assessment of the Philippines’ implementation of 27 international conventions on human rights, labor rights, the environment and good governance.  

The Philippines is a beneficiary of the GSP Plus.

The GSP report assesses progress in the implementation of 27 international conventions that the Philippines has ratified as a sovereign country. 

The assessment raised serious concerns on extrajudicial killings in particular in the fight against illegal drugs, related impunity, as well as the possible reintroduction of the death penalty and the lowering of the age of criminal responsibility are of serious concern. 

“ We see progress in some areas (for instance labor and environment), and have a frank discussion on others (such as death penalty),” Jessen said.

 On labor rights, the report said the Philippine government’s socio-economic plan addresses some of the pertinent labor issues aiming to end the so called “endo” or end-of-contract scheme 

A key issue the EU said  the Philippines needs  to further address is ensuring investigations of violence against trade unions and prevention of such cases, as well as alignment of labor legislation with International Labor Organization (ILO)  Convention 87 on freedom of association. 

On  environmental protection and climate change, the Philippines has ratified the Paris Agreement and made progress on tackling illegal ivory trade, also in cooperation with the customs office. 

The report also noted progress in areas such as gender equality, people trafficking, health, education, social-economic rights, and the fight against corruption. 

The EU will continue to work closely with the Philippines through the ongoing GSP+ monitoring process, seeking to provide support to ensure that continued and tangible progress is made on implementing the 27 international conventions,”  Jessen said.

The assessment is based on reports from international monitoring bodies of the United Nations and the ILO, as well as dialogues with the Government, civil society, business and trade unions.

GSP preferential imports to the EU amounted to over 63 billion euros in 2016 and the Philippines is increasing its share in it since December 2014 when it became a GSP+ beneficiary. 

In 2016, the Philippines exported goods worth  1.67 billion euros to the EU under GSP+ preferential treatment. 

Jessen said with the completely removed duties for most products, the Philippines’ exports to the EU grew by over 21 percent percent since last year. 

An estimated P120 billion worth of exports were benefiting from GSP+ trade preferences, especially in the food and agricultural sector. 

This makes the EU the Philippines’ second largest export partner, after Japan and before the US and China. 

Exports of the Philippines to the EU under GSP+ increased from  584 million euros in the first half of 2015 to 903 million euros in the first half of 2017. 

The largest increases in 2017 were registered including for animal products (+64 percent), fish and related products (+71 percent), prepared foodstuffs (+60 percent), edible fruits (39 percent), but also automotive parts (+45 percent), leather (+77 percent), textile (145 percent) and footwear (+74 percent).
Category: 
Rating: 
No votes yet

Column of the Day

Rappler’s continuing saga

By DAHLI ASPILLERA | February 23,2018
‘Without a court TRO against the SEC ruling, Rappler’s accreditation in Malacañang was considered revoked.” – Senior Deputy Executive Secretary Menardo Guevarra.’

Opinion of the Day

Duterte does not understand media’s role in a democracy

By ELLEN TORDESILLAS | February 23, 2018
‘This is funny if it didn’t violate the constitutional guarantee of freedom of the press.’