September 25, 2017, 9:21 pm
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1 Philippine Peso = 0.07264 UAE Dirham
1 Philippine Peso = 2.21717 Albanian Lek
1 Philippine Peso = 0.03501 Neth Antilles Guilder
1 Philippine Peso = 0.34187 Argentine Peso
1 Philippine Peso = 0.02482 Australian Dollar
1 Philippine Peso = 0.03536 Aruba Florin
1 Philippine Peso = 0.03956 Barbados Dollar
1 Philippine Peso = 1.5979 Bangladesh Taka
1 Philippine Peso = 0.03249 Bulgarian Lev
1 Philippine Peso = 0.00745 Bahraini Dinar
1 Philippine Peso = 34.31665 Burundi Franc
1 Philippine Peso = 0.01978 Bermuda Dollar
1 Philippine Peso = 0.02662 Brunei Dollar
1 Philippine Peso = 0.13627 Bolivian Boliviano
1 Philippine Peso = 0.0618 Brazilian Real
1 Philippine Peso = 0.01978 Bahamian Dollar
1 Philippine Peso = 1.27967 Bhutan Ngultrum
1 Philippine Peso = 0.20131 Botswana Pula
1 Philippine Peso = 395.96518 Belarus Ruble
1 Philippine Peso = 0.03951 Belize Dollar
1 Philippine Peso = 0.02438 Canadian Dollar
1 Philippine Peso = 0.01919 Swiss Franc
1 Philippine Peso = 12.36155 Chilean Peso
1 Philippine Peso = 0.13059 Chinese Yuan
1 Philippine Peso = 57.37935 Colombian Peso
1 Philippine Peso = 11.30439 Costa Rica Colon
1 Philippine Peso = 0.01978 Cuban Peso
1 Philippine Peso = 1.82753 Cape Verde Escudo
1 Philippine Peso = 0.43125 Czech Koruna
1 Philippine Peso = 3.51325 Djibouti Franc
1 Philippine Peso = 0.1233 Danish Krone
1 Philippine Peso = 0.94106 Dominican Peso
1 Philippine Peso = 2.21553 Algerian Dinar
1 Philippine Peso = 0.25924 Estonian Kroon
1 Philippine Peso = 0.3485 Egyptian Pound
1 Philippine Peso = 0.46183 Ethiopian Birr
1 Philippine Peso = 0.01657 Euro
1 Philippine Peso = 0.03986 Fiji Dollar
1 Philippine Peso = 0.01461 Falkland Islands Pound
1 Philippine Peso = 0.0146 British Pound
1 Philippine Peso = 0.08739 Ghanaian Cedi
1 Philippine Peso = 0.88588 Gambian Dalasi
1 Philippine Peso = 176.45964 Guinea Franc
1 Philippine Peso = 0.14445 Guatemala Quetzal
1 Philippine Peso = 4.08406 Guyana Dollar
1 Philippine Peso = 0.15453 Hong Kong Dollar
1 Philippine Peso = 0.46127 Honduras Lempira
1 Philippine Peso = 0.12375 Croatian Kuna
1 Philippine Peso = 1.23398 Haiti Gourde
1 Philippine Peso = 5.13074 Hungarian Forint
1 Philippine Peso = 263.05379 Indonesian Rupiah
1 Philippine Peso = 0.06919 Israeli Shekel
1 Philippine Peso = 1.28145 Indian Rupee
1 Philippine Peso = 23.08149 Iraqi Dinar
1 Philippine Peso = 663.96359 Iran Rial
1 Philippine Peso = 2.1252 Iceland Krona
1 Philippine Peso = 2.5623 Jamaican Dollar
1 Philippine Peso = 0.01399 Jordanian Dinar
1 Philippine Peso = 2.21833 Japanese Yen
1 Philippine Peso = 2.03738 Kenyan Shilling
1 Philippine Peso = 1.35362 Kyrgyzstan Som
1 Philippine Peso = 80.07516 Cambodia Riel
1 Philippine Peso = 8.12164 Comoros Franc
1 Philippine Peso = 17.80063 North Korean Won
1 Philippine Peso = 22.34177 Korean Won
1 Philippine Peso = 0.00596 Kuwaiti Dinar
1 Philippine Peso = 0.01622 Cayman Islands Dollar
1 Philippine Peso = 6.74387 Kazakhstan Tenge
1 Philippine Peso = 163.94383 Lao Kip
1 Philippine Peso = 29.77848 Lebanese Pound
1 Philippine Peso = 3.02017 Sri Lanka Rupee
1 Philippine Peso = 2.31408 Liberian Dollar
1 Philippine Peso = 0.26167 Lesotho Loti
1 Philippine Peso = 0.0603 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02675 Libyan Dinar
1 Philippine Peso = 0.18458 Moroccan Dirham
1 Philippine Peso = 0.34721 Moldovan Leu
1 Philippine Peso = 1.01345 Macedonian Denar
1 Philippine Peso = 26.91851 Myanmar Kyat
1 Philippine Peso = 48.53639 Mongolian Tugrik
1 Philippine Peso = 0.15916 Macau Pataca
1 Philippine Peso = 7.1521 Mauritania Ougulya
1 Philippine Peso = 0.66021 Mauritius Rupee
1 Philippine Peso = 0.30696 Maldives Rufiyaa
1 Philippine Peso = 14.16792 Malawi Kwacha
1 Philippine Peso = 0.35121 Mexican Peso
1 Philippine Peso = 0.08291 Malaysian Ringgit
1 Philippine Peso = 0.26183 Namibian Dollar
1 Philippine Peso = 6.9818 Nigerian Naira
1 Philippine Peso = 0.59118 Nicaragua Cordoba
1 Philippine Peso = 0.15441 Norwegian Krone
1 Philippine Peso = 2.05301 Nepalese Rupee
1 Philippine Peso = 0.02722 New Zealand Dollar
1 Philippine Peso = 0.00761 Omani Rial
1 Philippine Peso = 0.01978 Panama Balboa
1 Philippine Peso = 0.06415 Peruvian Nuevo Sol
1 Philippine Peso = 0.06309 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.08386 Pakistani Rupee
1 Philippine Peso = 0.07081 Polish Zloty
1 Philippine Peso = 111.78797 Paraguayan Guarani
1 Philippine Peso = 0.07201 Qatar Rial
1 Philippine Peso = 0.07606 Romanian New Leu
1 Philippine Peso = 1.14001 Russian Rouble
1 Philippine Peso = 16.39142 Rwanda Franc
1 Philippine Peso = 0.07417 Saudi Arabian Riyal
1 Philippine Peso = 0.15268 Solomon Islands Dollar
1 Philippine Peso = 0.26236 Seychelles Rupee
1 Philippine Peso = 0.13172 Sudanese Pound
1 Philippine Peso = 0.15792 Swedish Krona
1 Philippine Peso = 0.02662 Singapore Dollar
1 Philippine Peso = 0.01462 St Helena Pound
1 Philippine Peso = 0.4392 Slovak Koruna
1 Philippine Peso = 148.3386 Sierra Leone Leone
1 Philippine Peso = 11.05617 Somali Shilling
1 Philippine Peso = 406.07593 Sao Tome Dobra
1 Philippine Peso = 0.17306 El Salvador Colon
1 Philippine Peso = 10.18552 Syrian Pound
1 Philippine Peso = 0.26179 Swaziland Lilageni
1 Philippine Peso = 0.65427 Thai Baht
1 Philippine Peso = 0.04862 Tunisian Dinar
1 Philippine Peso = 0.04355 Tongan paʻanga
1 Philippine Peso = 0.06922 Turkish Lira
1 Philippine Peso = 0.13382 Trinidad Tobago Dollar
1 Philippine Peso = 0.5966 Taiwan Dollar
1 Philippine Peso = 44.24446 Tanzanian Shilling
1 Philippine Peso = 0.51938 Ukraine Hryvnia
1 Philippine Peso = 71.10364 Ugandan Shilling
1 Philippine Peso = 0.01978 United States Dollar
1 Philippine Peso = 0.57041 Uruguayan New Peso
1 Philippine Peso = 159.61234 Uzbekistan Sum
1 Philippine Peso = 0.19728 Venezuelan Bolivar
1 Philippine Peso = 449.66376 Vietnam Dong
1 Philippine Peso = 2.04153 Vanuatu Vatu
1 Philippine Peso = 0.04947 Samoa Tala
1 Philippine Peso = 10.86234 CFA Franc (BEAC)
1 Philippine Peso = 0.0534 East Caribbean Dollar
1 Philippine Peso = 10.74723 CFA Franc (BCEAO)
1 Philippine Peso = 1.96618 Pacific Franc
1 Philippine Peso = 4.94363 Yemen Riyal
1 Philippine Peso = 0.26193 South African Rand
1 Philippine Peso = 102.64043 Zambian Kwacha
1 Philippine Peso = 7.15783 Zimbabwe dollar

Uber prefers P10M fine than suspension

Ride-hailing company Uber Systems Inc. (USI) is urging the government to impose a higher fine, amounting to P10 million, rather than a suspension.

The Land Transportation and Franchising Regulatory Board (LTFRB) last August 14 suspended Uber for one month for violating its July 26 order directing transport network companies (TNCs)to halt the acceptance of applications and accreditation of new drivers and cars.

“Uber has filed a second pleading urging the LTFRB to accept a fine rather than a suspension as a solution, to reduce the burden on the Filipino rider and driver community,” Uber said in a statement.

However, the P10 million fine is significantly lower compared to the estimated P600 million up to P2 billion financial assistance it has to extend to affected Uber transport network vehicle service (TNVS) partners.

“As a token of our commitment, we will be making daily financial assistance payments to all active partners starting Thursday, August 17, 2017, until our next meeting with the LTFRB on Wed., August 23. Or until we resume operations, whichever will come earlier,” Uber’s email advisory to TNVS members read.

Uber gives P400, P800 and up to P1,200 daily financial assistance. The payment was computed based on average fares over the last 28 days. 

This means if Uber has 66,000 active TNVS, multiplied to 26 days to exclude coding, the total assistance for a month will balloon to more than a billion.

“We are also offering financial assistance to driver partners as we work to urgently resolve this matter, and hope to be able to serve the Philippines again as soon as possible,” Uber said.

This is to comply with the LTFRB order on August 14 which stated: “The Board strongly recommends to respondent USI to extend financial assistance to its affected peer operators during the period of suspension as a form of good faith as their accredited peer-operators would not have suffered the current predicament were it not for the predatory actions of respondent.”

Aileen Lizada, LTFRB spokesperson, yesterday said the agency received Uber’s manifestation and motion seeking a P10 million fine instead.

“We are in receipt of Uber’s manifestation and motion dated August 17, wherein they offered, they are praying for P10 million fine in lieu of suspension,” Lizada said.

Meanwhile, LTFRB yesterday issued Board Resolution No. 19, series of 2017, allowing Uber TNVS partners to transfer to two other accredited TNCs—Grab and Uhop “subject to the following conditions: proof of accreditation issued by Uber and proof of insurance coverage as TNVS.”

LTFRB emphasized that only those accredited Uber partners as of June 30, 2017, with or without provisional authority or certificate of public convenience, are allowed to transfer to Grab and Uhop.

Lizada said the board will set the total number of TNVS per TNC by next month.

“The TWG (technical working group) will move forward, we will come up with numbers for both TNCs by September, as earlier agreed upon in the TWG meeting,”she said.
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