September 24, 2017, 1:05 pm
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1 Philippine Peso = 0.07205 UAE Dirham
1 Philippine Peso = 2.19737 Albanian Lek
1 Philippine Peso = 0.03473 Neth Antilles Guilder
1 Philippine Peso = 0.33883 Argentine Peso
1 Philippine Peso = 0.02472 Australian Dollar
1 Philippine Peso = 0.03508 Aruba Florin
1 Philippine Peso = 0.03924 Barbados Dollar
1 Philippine Peso = 1.60624 Bangladesh Taka
1 Philippine Peso = 0.03223 Bulgarian Lev
1 Philippine Peso = 0.0074 Bahraini Dinar
1 Philippine Peso = 34.03414 Burundi Franc
1 Philippine Peso = 0.01962 Bermuda Dollar
1 Philippine Peso = 0.02647 Brunei Dollar
1 Philippine Peso = 0.13537 Bolivian Boliviano
1 Philippine Peso = 0.06149 Brazilian Real
1 Philippine Peso = 0.01962 Bahamian Dollar
1 Philippine Peso = 1.26104 Bhutan Ngultrum
1 Philippine Peso = 0.20051 Botswana Pula
1 Philippine Peso = 392.78006 Belarus Ruble
1 Philippine Peso = 0.03919 Belize Dollar
1 Philippine Peso = 0.02419 Canadian Dollar
1 Philippine Peso = 0.01905 Swiss Franc
1 Philippine Peso = 12.25231 Chilean Peso
1 Philippine Peso = 0.12921 Chinese Yuan
1 Philippine Peso = 57.14342 Colombian Peso
1 Philippine Peso = 11.22072 Costa Rica Colon
1 Philippine Peso = 0.01962 Cuban Peso
1 Philippine Peso = 1.81263 Cape Verde Escudo
1 Philippine Peso = 0.42857 Czech Koruna
1 Philippine Peso = 3.49225 Djibouti Franc
1 Philippine Peso = 0.12231 Danish Krone
1 Philippine Peso = 0.92211 Dominican Peso
1 Philippine Peso = 2.19774 Algerian Dinar
1 Philippine Peso = 0.25715 Estonian Kroon
1 Philippine Peso = 0.34589 Egyptian Pound
1 Philippine Peso = 0.45831 Ethiopian Birr
1 Philippine Peso = 0.01644 Euro
1 Philippine Peso = 0.03953 Fiji Dollar
1 Philippine Peso = 0.01454 Falkland Islands Pound
1 Philippine Peso = 0.01447 British Pound
1 Philippine Peso = 0.08679 Ghanaian Cedi
1 Philippine Peso = 0.87895 Gambian Dalasi
1 Philippine Peso = 174.63213 Guinea Franc
1 Philippine Peso = 0.14311 Guatemala Quetzal
1 Philippine Peso = 3.97705 Guyana Dollar
1 Philippine Peso = 0.15314 Hong Kong Dollar
1 Philippine Peso = 0.45756 Honduras Lempira
1 Philippine Peso = 0.12286 Croatian Kuna
1 Philippine Peso = 1.19973 Haiti Gourde
1 Philippine Peso = 5.08986 Hungarian Forint
1 Philippine Peso = 260.48656 Indonesian Rupiah
1 Philippine Peso = 0.0688 Israeli Shekel
1 Philippine Peso = 1.27132 Indian Rupee
1 Philippine Peso = 22.89582 Iraqi Dinar
1 Philippine Peso = 658.62271 Iran Rial
1 Philippine Peso = 2.10712 Iceland Krona
1 Philippine Peso = 2.56229 Jamaican Dollar
1 Philippine Peso = 0.01388 Jordanian Dinar
1 Philippine Peso = 2.20489 Japanese Yen
1 Philippine Peso = 2.02178 Kenyan Shilling
1 Philippine Peso = 1.3433 Kyrgyzstan Som
1 Philippine Peso = 79.4585 Cambodia Riel
1 Philippine Peso = 8.05435 Comoros Franc
1 Philippine Peso = 17.65745 North Korean Won
1 Philippine Peso = 22.18972 Korean Won
1 Philippine Peso = 0.00592 Kuwaiti Dinar
1 Philippine Peso = 0.01609 Cayman Islands Dollar
1 Philippine Peso = 6.67785 Kazakhstan Tenge
1 Philippine Peso = 162.84088 Lao Kip
1 Philippine Peso = 29.53698 Lebanese Pound
1 Philippine Peso = 2.99588 Sri Lanka Rupee
1 Philippine Peso = 2.29351 Liberian Dollar
1 Philippine Peso = 0.26015 Lesotho Loti
1 Philippine Peso = 0.05981 Lithuanian Lita
1 Philippine Peso = 0.01217 Latvian Lat
1 Philippine Peso = 0.02654 Libyan Dinar
1 Philippine Peso = 0.18329 Moroccan Dirham
1 Philippine Peso = 0.34501 Moldovan Leu
1 Philippine Peso = 1.00647 Macedonian Denar
1 Philippine Peso = 26.68236 Myanmar Kyat
1 Philippine Peso = 48.14597 Mongolian Tugrik
1 Philippine Peso = 0.15773 Macau Pataca
1 Philippine Peso = 7.0826 Mauritania Ougulya
1 Philippine Peso = 0.65097 Mauritius Rupee
1 Philippine Peso = 0.30135 Maldives Rufiyaa
1 Philippine Peso = 14.05376 Malawi Kwacha
1 Philippine Peso = 0.34969 Mexican Peso
1 Philippine Peso = 0.08232 Malaysian Ringgit
1 Philippine Peso = 0.2598 Namibian Dollar
1 Philippine Peso = 6.92564 Nigerian Naira
1 Philippine Peso = 0.58623 Nicaragua Cordoba
1 Philippine Peso = 0.15332 Norwegian Krone
1 Philippine Peso = 2.01197 Nepalese Rupee
1 Philippine Peso = 0.02683 New Zealand Dollar
1 Philippine Peso = 0.00755 Omani Rial
1 Philippine Peso = 0.01962 Panama Balboa
1 Philippine Peso = 0.06369 Peruvian Nuevo Sol
1 Philippine Peso = 0.06268 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.06494 Pakistani Rupee
1 Philippine Peso = 0.07028 Polish Zloty
1 Philippine Peso = 111.25171 Paraguayan Guarani
1 Philippine Peso = 0.07269 Qatar Rial
1 Philippine Peso = 0.0755 Romanian New Leu
1 Philippine Peso = 1.13354 Russian Rouble
1 Philippine Peso = 16.2576 Rwanda Franc
1 Philippine Peso = 0.07357 Saudi Arabian Riyal
1 Philippine Peso = 0.15204 Solomon Islands Dollar
1 Philippine Peso = 0.2669 Seychelles Rupee
1 Philippine Peso = 0.13067 Sudanese Pound
1 Philippine Peso = 0.15655 Swedish Krona
1 Philippine Peso = 0.02649 Singapore Dollar
1 Philippine Peso = 0.01455 St Helena Pound
1 Philippine Peso = 0.43567 Slovak Koruna
1 Philippine Peso = 147.14538 Sierra Leone Leone
1 Philippine Peso = 10.928 Somali Shilling
1 Philippine Peso = 402.77613 Sao Tome Dobra
1 Philippine Peso = 0.17167 El Salvador Colon
1 Philippine Peso = 10.10359 Syrian Pound
1 Philippine Peso = 0.2598 Swaziland Lilageni
1 Philippine Peso = 0.64921 Thai Baht
1 Philippine Peso = 0.04791 Tunisian Dinar
1 Philippine Peso = 0.0432 Tongan paʻanga
1 Philippine Peso = 0.06876 Turkish Lira
1 Philippine Peso = 0.13239 Trinidad Tobago Dollar
1 Philippine Peso = 0.59217 Taiwan Dollar
1 Philippine Peso = 43.90818 Tanzanian Shilling
1 Philippine Peso = 0.51422 Ukraine Hryvnia
1 Philippine Peso = 70.57092 Ugandan Shilling
1 Philippine Peso = 0.01962 United States Dollar
1 Philippine Peso = 0.56582 Uruguayan New Peso
1 Philippine Peso = 158.34804 Uzbekistan Sum
1 Philippine Peso = 0.19569 Venezuelan Bolivar
1 Philippine Peso = 445.73278 Vietnam Dong
1 Philippine Peso = 2.0155 Vanuatu Vatu
1 Philippine Peso = 0.04907 Samoa Tala
1 Philippine Peso = 10.773 CFA Franc (BEAC)
1 Philippine Peso = 0.05297 East Caribbean Dollar
1 Philippine Peso = 10.75142 CFA Franc (BCEAO)
1 Philippine Peso = 1.95017 Pacific Franc
1 Philippine Peso = 4.90386 Yemen Riyal
1 Philippine Peso = 0.25991 South African Rand
1 Philippine Peso = 101.81479 Zambian Kwacha
1 Philippine Peso = 7.10025 Zimbabwe dollar

Ph telecom players tap Asean

THE country’s two major telecom players, Philippine Long Distance Telephone Co. and Globe Telecom Inc., are ready to compete with regional telecom players through further expansion of the e-commerce and mobile payments services in Asean.

PLDT Group through its wireless subsidiary Smart Communication Inc. has Smart Money while Globe through G-Xchange Inc offers G-cash.

The homegrown service of the two companies has transformed the mobile phone into an electronic or virtual wallet that allows subscribers to send money, purchase goods and services, pay bills, and buy airtime load.

PLDT Group has partnered with Berlin-based Rocket Internet AG to expand its presence in Asean countries and in other regions such Latin America, South Asia and Africa where Rocket Internet has established a significant presence.

“It isn’t yet clear how the implementation of Asean regional economic project will impact on our industry — both at home and abroad.  What is clear is that we shall increase our presence in e-commerce and mobile payments — both here and overseas — through our partnership with Rocket Internet,” said Ramon Isberto, Smart head of public affairs. 

PLDT recently announced it is investing P1.54 billion for a 33 percent stake in a joint venture company formed with Rocket called Philippine Internet Group which will focus on creating and developing online businesses in the Philippines .

“We have just created two new joint ventures with Rocket — one for mobile payments here and overseas and another for e-commerce in the Philippines.  Some of that expansion will take place in Asean.  But expansion will also take place in other countries in other regions such Latin America, South Asia and Africa where Rocket Internet has established a significant presence” Isberto added .

Prior to PLDT investment in Rocket, the company has been expanding its international footprint  via the so-called mobile virtual network operator (MVNO) set up through partnership with operators in the countries where large numbers of Filipinos reside — such as Hong Kong, Singapore, Taiwan, Guam, and more recently the United States and the United Kingdom.  

“The driving logic of our international presence has not been the setting up of regional economic groupings, but rather the concentration of large numbers of overseas Filipinos” Isberto said.

Globe Telecom for its part has also been keen about staking its place in the international market. Last November the company announced it is expanding in the region, with Myanmar as its first venture outside the Philippines.

Ernest Cu, president and chief executive officer of Globe Telecom, said at the recent Asia Pacific Economic Cooperation (APEC) CEO Summit in Beijing, China that possible areas the company could get involved in are financial services and mobile advertising, citing their potential. 

“We’ve always taken the position that if consumer habits are changing, then we have to change along with it and deliver what’s relevant to them. The real prize would be getting all of these individuals to access the Internet through their mobile phones and alternatives offered by different mobile apps become more commonplace and become the main mode of communication,” Cu said. 

Cu also indicated the possibility of offering its mobile-based banking service in other Southeast Asian markets once the Asean Economic Community is in place. This will be spearheaded by Globe subsidiary G-Xchange, Inc. which operates its mobile money service GCash, as well as BanKO, a joint venture with parent company Ayala Corp and sister-firm Bank of the Philippine Islands, which offers a mobile-based, microfinance-focused savings platform. 
 
Asean integration

The local telecom players are expected to benefit from the Asean integration given that their foreign partners have strong presence in the international market, according to Edgardo Cabarios, director for common carrier at the National Telecommunication  Commission.

PLDT is partly owned by leading Japan mobile operator NTT Docomo and First Pacific Group a Hong Kong based investment and management and holding company with operation in Asia. Globe is partly owned by Singapore Telecommunication Ltd.

In terms of competition, foreign telecom firms still need local partners to allow them to operate in the Philippines since they can only own up to 40 percent in a telecommunication venture.

“Because of the constitutional constraints… 60-40 (ownership), foreign players cannot enter (invest) in the Philippines (as) 100 percent (fully-owned entities),” Cabarios said .  

Gil Genio, executive vice president and chief operating officer for International and Business Markets of Globe, said the company will play a major role in offering core services, such as voice and data, as well as information and communications technology services to major industries and companies operating within the AEC.

“Being a service provider to them, it is important that we support telecommunications infrastructure for the said companies, not just those in the Philippines but for the rest of the Asean countries. 

Genio sees as an opportunity for Globe to serve its clients on a much larger scale once AEC is put in place.

“It is likely therefore that if a large business entity is into manufacturing, it must have a footprint across the region: a manufacturing plant in one country, logistics in another, and customers all throughout.

Therefore we must be able to `connect’ them altogether through a robust telecommunications infrastructure.  We consider that a major opportunity for us,” Genio said.

Genio stressed that telecommunication access is one of the key components in the trade agreements signed by Asean members.

Genio said Globe is ready to serve individual customers other than the mobile banking through its roaming services, an important source of revenue for the company.

“Our individual customers, especially those who will find themselves frequently travelling across Asean borders, will be happy to know that we currently are strengthening our outbound roaming offerings. We believe it will also encourage more outbound travel for Filipinos,” Genio added. 

He said Philippine visitors will note the developments and upgraded facilities by Globe such as in hotels, airports and other travel-based facilities. 

“Across Asean, we foresee a similar trend of tourist influx,” Genio  said. 

For Filipinos who travel abroad, Globe is rolling out initiatives to heighten their overall experience, such as bill shock prevention for example, through a default “unli” service so that when one travels without registering, he or she will only be charged with a flat rate. That will be a substantial opportunity for Globe as a service provider for incoming and outbound tourists. 

“We are putting in place concepts like that, much the same as other Asean telcos are preparing,” Genio said. 

Globe is also offering local SIMs (subscriber identity modules) at the Ninoy Aquino International Airport and other airports across the Philippines. 

Globe is also beefing up its LTE (long-term evolution) footprint that will improve dramatically the experience of accessing the internet especially now that  customers  have  chosen to access the World Wide Web through their mobile phones and tablets. 

“The ability to push internet speeds through LTE is important. Across the country, we have blanketed the Philippines with 3G coverage everywhere. There should be no situation in the future where there is a site without 3G signal. We have an ongoing program now to put significantly many more sites on LTE. That will improve significantly the internet experience for everyone,” Genio said. 

Globe has the largest number of partners for LTE roaming agreements with 18 operators, including South Korea, Singapore and Hong Kong. 

“That will allow us to capture travelers from these Asean communities, and for business customers, vitalize free trade agreements in the participating countries,” Genio said.
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