May 26, 2018, 2:53 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

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).
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