October 24, 2017, 5:33 pm
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1 Philippine Peso = 0.07134 UAE Dirham
1 Philippine Peso = 2.20455 Albanian Lek
1 Philippine Peso = 0.03458 Neth Antilles Guilder
1 Philippine Peso = 0.33662 Argentine Peso
1 Philippine Peso = 0.02487 Australian Dollar
1 Philippine Peso = 0.03458 Aruba Florin
1 Philippine Peso = 0.03885 Barbados Dollar
1 Philippine Peso = 1.60625 Bangladesh Taka
1 Philippine Peso = 0.03236 Bulgarian Lev
1 Philippine Peso = 0.00733 Bahraini Dinar
1 Philippine Peso = 33.77953 Burundi Franc
1 Philippine Peso = 0.01943 Bermuda Dollar
1 Philippine Peso = 0.02645 Brunei Dollar
1 Philippine Peso = 0.13326 Bolivian Boliviano
1 Philippine Peso = 0.06247 Brazilian Real
1 Philippine Peso = 0.01943 Bahamian Dollar
1 Philippine Peso = 1.26263 Bhutan Ngultrum
1 Philippine Peso = 0.2012 Botswana Pula
1 Philippine Peso = 388.88889 Belarus Ruble
1 Philippine Peso = 0.03881 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01915 Swiss Franc
1 Philippine Peso = 12.27409 Chilean Peso
1 Philippine Peso = 0.12894 Chinese Yuan
1 Philippine Peso = 57.24748 Colombian Peso
1 Philippine Peso = 10.99748 Costa Rica Colon
1 Philippine Peso = 0.01943 Cuban Peso
1 Philippine Peso = 1.82304 Cape Verde Escudo
1 Philippine Peso = 0.42383 Czech Koruna
1 Philippine Peso = 3.43493 Djibouti Franc
1 Philippine Peso = 0.12305 Danish Krone
1 Philippine Peso = 0.91725 Dominican Peso
1 Philippine Peso = 2.22277 Algerian Dinar
1 Philippine Peso = 0.25859 Estonian Kroon
1 Philippine Peso = 0.34188 Egyptian Pound
1 Philippine Peso = 0.52409 Ethiopian Birr
1 Philippine Peso = 0.01653 Euro
1 Philippine Peso = 0.03972 Fiji Dollar
1 Philippine Peso = 0.01475 Falkland Islands Pound
1 Philippine Peso = 0.01472 British Pound
1 Philippine Peso = 0.08496 Ghanaian Cedi
1 Philippine Peso = 0.91414 Gambian Dalasi
1 Philippine Peso = 174.78632 Guinea Franc
1 Philippine Peso = 0.14265 Guatemala Quetzal
1 Philippine Peso = 3.93765 Guyana Dollar
1 Philippine Peso = 0.15157 Hong Kong Dollar
1 Philippine Peso = 0.45491 Honduras Lempira
1 Philippine Peso = 0.12399 Croatian Kuna
1 Philippine Peso = 1.18939 Haiti Gourde
1 Philippine Peso = 5.08741 Hungarian Forint
1 Philippine Peso = 263.01476 Indonesian Rupiah
1 Philippine Peso = 0.06781 Israeli Shekel
1 Philippine Peso = 1.26296 Indian Rupee
1 Philippine Peso = 22.669 Iraqi Dinar
1 Philippine Peso = 667.07459 Iran Rial
1 Philippine Peso = 2.04662 Iceland Krona
1 Philippine Peso = 2.45552 Jamaican Dollar
1 Philippine Peso = 0.01374 Jordanian Dinar
1 Philippine Peso = 2.20812 Japanese Yen
1 Philippine Peso = 2.00952 Kenyan Shilling
1 Philippine Peso = 1.32896 Kyrgyzstan Som
1 Philippine Peso = 78.1857 Cambodia Riel
1 Philippine Peso = 8.06566 Comoros Franc
1 Philippine Peso = 17.48252 North Korean Won
1 Philippine Peso = 21.95047 Korean Won
1 Philippine Peso = 0.00587 Kuwaiti Dinar
1 Philippine Peso = 0.01593 Cayman Islands Dollar
1 Philippine Peso = 6.52234 Kazakhstan Tenge
1 Philippine Peso = 161.26651 Lao Kip
1 Philippine Peso = 29.24437 Lebanese Pound
1 Philippine Peso = 2.98368 Sri Lanka Rupee
1 Philippine Peso = 2.29817 Liberian Dollar
1 Philippine Peso = 0.267 Lesotho Loti
1 Philippine Peso = 0.05922 Lithuanian Lita
1 Philippine Peso = 0.01205 Latvian Lat
1 Philippine Peso = 0.02654 Libyan Dinar
1 Philippine Peso = 0.18329 Moroccan Dirham
1 Philippine Peso = 0.33557 Moldovan Leu
1 Philippine Peso = 1.00952 Macedonian Denar
1 Philippine Peso = 26.41803 Myanmar Kyat
1 Philippine Peso = 47.5136 Mongolian Tugrik
1 Philippine Peso = 0.15611 Macau Pataca
1 Philippine Peso = 6.8244 Mauritania Ougulya
1 Philippine Peso = 0.65657 Mauritius Rupee
1 Philippine Peso = 0.30245 Maldives Rufiyaa
1 Philippine Peso = 13.91123 Malawi Kwacha
1 Philippine Peso = 0.37068 Mexican Peso
1 Philippine Peso = 0.08228 Malaysian Ringgit
1 Philippine Peso = 0.26663 Namibian Dollar
1 Philippine Peso = 6.91531 Nigerian Naira
1 Philippine Peso = 0.59261 Nicaragua Cordoba
1 Philippine Peso = 0.15522 Norwegian Krone
1 Philippine Peso = 2.01146 Nepalese Rupee
1 Philippine Peso = 0.02786 New Zealand Dollar
1 Philippine Peso = 0.00746 Omani Rial
1 Philippine Peso = 0.01943 Panama Balboa
1 Philippine Peso = 0.06287 Peruvian Nuevo Sol
1 Philippine Peso = 0.06211 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.04157 Pakistani Rupee
1 Philippine Peso = 0.0698 Polish Zloty
1 Philippine Peso = 109.32012 Paraguayan Guarani
1 Philippine Peso = 0.07303 Qatar Rial
1 Philippine Peso = 0.07595 Romanian New Leu
1 Philippine Peso = 1.11692 Russian Rouble
1 Philippine Peso = 16.13209 Rwanda Franc
1 Philippine Peso = 0.07284 Saudi Arabian Riyal
1 Philippine Peso = 0.15112 Solomon Islands Dollar
1 Philippine Peso = 0.25618 Seychelles Rupee
1 Philippine Peso = 0.12937 Sudanese Pound
1 Philippine Peso = 0.15921 Swedish Krona
1 Philippine Peso = 0.02646 Singapore Dollar
1 Philippine Peso = 0.01475 St Helena Pound
1 Philippine Peso = 0.43135 Slovak Koruna
1 Philippine Peso = 148.01865 Sierra Leone Leone
1 Philippine Peso = 10.85859 Somali Shilling
1 Philippine Peso = 405.06606 Sao Tome Dobra
1 Philippine Peso = 0.16997 El Salvador Colon
1 Philippine Peso = 10.0035 Syrian Pound
1 Philippine Peso = 0.26663 Swaziland Lilageni
1 Philippine Peso = 0.64433 Thai Baht
1 Philippine Peso = 0.04839 Tunisian Dinar
1 Philippine Peso = 0.04297 Tongan paʻanga
1 Philippine Peso = 0.07213 Turkish Lira
1 Philippine Peso = 0.12972 Trinidad Tobago Dollar
1 Philippine Peso = 0.58747 Taiwan Dollar
1 Philippine Peso = 43.47319 Tanzanian Shilling
1 Philippine Peso = 0.51593 Ukraine Hryvnia
1 Philippine Peso = 70.94017 Ugandan Shilling
1 Philippine Peso = 0.01943 United States Dollar
1 Philippine Peso = 0.57556 Uruguayan New Peso
1 Philippine Peso = 156.17716 Uzbekistan Sum
1 Philippine Peso = 0.19376 Venezuelan Bolivar
1 Philippine Peso = 441.37529 Vietnam Dong
1 Philippine Peso = 2.06876 Vanuatu Vatu
1 Philippine Peso = 0.04978 Samoa Tala
1 Philippine Peso = 10.83178 CFA Franc (BEAC)
1 Philippine Peso = 0.05245 East Caribbean Dollar
1 Philippine Peso = 10.68376 CFA Franc (BCEAO)
1 Philippine Peso = 1.97222 Pacific Franc
1 Philippine Peso = 4.85431 Yemen Riyal
1 Philippine Peso = 0.26674 South African Rand
1 Philippine Peso = 100.80614 Zambian Kwacha
1 Philippine Peso = 7.02991 Zimbabwe dollar

Tourism as a success story

DESPITE being unable to hit its primary visitor arrival target, the overall growth of the tourism industry under the leadership of President Aquino is seen as a success story by both the public and private sectors.

Record tourism arrivals have been posted year-on-year, starting 2010, growing at an average rate of 8.25 percent, besting regional and global growth.

Benito Bengzon, undersecretary for tourism planning, said that while the original target of 10-million arrivals will not be achieved this year, the Department of Tourism (DOT) is still glad that it stuck with this ambitious fighting target.

The 10-million arrival goal, backed by the It’s More Fun in the Philippines Campaign, gave the government and private sector a chance to rally behind a fighting target, he said.

“If we had stopped at a much lower figure, then I don’t think it would have that rah-rah campaign. Look at the effect it has had on the Filipinos, there is a greater appreciation for tourism. In that respect, it has really fired up people. Are we below target? I don’t have to answer that. But we have to look beyond the target,” said Bengzon.

Despite only hitting half the goal, international tourist arrivals are still at a new record. It has grown from 3.02-million in 2009 to an estimated 5.2 million visitors in the end of 2015, a big milestone for the local tourism industry.

Domestic tourism also posted aggressive growth, as it exceeded the 2015 target of 51.7 million target in 2014 with 54.6-million travellers.

International tourism receipts have also been enjoying an upward trend, with overall revenues seen at P350.4-million in 2015 coming from 135.5 million at the start of the administration.

These increases in the economic contributions of tourism under the Aquino administration have set a new benchmark for the industry, according to Aileen Clemente, president of the Asean Tourism Association.

“These are the milestones and benchmarks, that we have looked at and they show a success story. Although of course, there is still room for improvement, nobody is ever satisfied. But as far as milestones are concerned, we achieved a lot,” she said.

The growth of the tourism industry in the last five years has surpassed expectations of the private sector, according to Eugene Yap, president of the Hotel and Restaurant Association of the Philippines (HRAP).

“We are very happy with the efforts and the results made by the Aquino administration. This is the first time that the administration was able to bring tourism to one of the forefront priorities of government service,” Yap said. 

Improvement in Travel and Tourism Competitiveness 

Among the major accomplishments the tourism industry garnered in the last five years, is the improvement in the ranking of the Philippines in the Travel & Tourism Competitiveness 2015 report of the World Economic Forum.

Coming from the 82nd place in 2013, the country placed 8 notches higher in the T&T Competitiveness Index. The Philippines ranked 74th out of 141 economies surveyed by the report.

The government’s prioritization of travel, international openness and price competitiveness contributed to the improvement in the country’s ranking.

Still, the Philippines lags behind many of its Asean neighbors, some of which ranked in the top 50. Singapore was ranked 11th, Malaysia, 25th, Thailand 35th and Indonesia 50th.

Safety and security concerns, as well as poor infrastructure, weighed down the country’s standing.

Clemente echoed the findings of the report, saying that lagging infrastructure development, as well as natural and man-made incidents hampered what could have been a faster growth for the tourism industry.

“Our airports and air agreements grew at a slower pace than the growth of tourism. This did hamper growth. If it was aligned by the timeline of the DOT, then we would have hit our targets,” she said.

Under the National Tourism Development Plan

All of the accomplishments made by the tourism industry in the years 2010-2015 all fall under the framework and strategic direction of the National Tourism Development Plan.

This roadmap has been guiding the public and private stakeholders on how to develop a sustainable tourism industry.

“Everything is aligned and part of the blueprint or roadmap for tourism from 2010-2016,” said Bengzon.

The three main strategic directions of the NTDP are: improving international air access and connectivity, development of world class tourism products and destinations and the empowerment of local executives and improving capabilities of the frontliners.

“The government recognized the need to modernize, improve and update the structure and vision of tourism. It progressed much because there was a clear framework that was done to ensure the movement,” said Clemente.

While there was a huge leap in tourism seen during the last five years, all three sources said that past administrations should also be credited in the success the industry has been seeing.

“The previous administrations, from Marcos and Aquino, each one made its own stride for the development of tourism. Aquino revitalized, continued, reassessed and reengineered the whole tourism industry. We have more awareness now than ever before,” said Yap.

Proper planning and development through years spanning different administration has built the tourism industry to what it is today, added Bengzon.

“Whatever successes we have now is a result of what we have built on through the years. When you look at tourism, while we say the benefits can be immediate or faster trickle than other industries, we have to take in mind it takes many years of proper planning and development before you can get to a stage like where we are now,” he said.
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