January 18, 2018, 4:02 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07263 UAE Dirham
1 Philippine Peso = 2.14992 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.37318 Argentine Peso
1 Philippine Peso = 0.02474 Australian Dollar
1 Philippine Peso = 0.03521 Aruba Florin
1 Philippine Peso = 0.03956 Barbados Dollar
1 Philippine Peso = 1.63687 Bangladesh Taka
1 Philippine Peso = 0.03163 Bulgarian Lev
1 Philippine Peso = 0.00745 Bahraini Dinar
1 Philippine Peso = 34.63172 Burundi Franc
1 Philippine Peso = 0.01978 Bermuda Dollar
1 Philippine Peso = 0.02627 Brunei Dollar
1 Philippine Peso = 0.13568 Bolivian Boliviano
1 Philippine Peso = 0.06382 Brazilian Real
1 Philippine Peso = 0.01978 Bahamian Dollar
1 Philippine Peso = 1.25445 Bhutan Ngultrum
1 Philippine Peso = 0.19324 Botswana Pula
1 Philippine Peso = 395.96518 Belarus Ruble
1 Philippine Peso = 0.03951 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01896 Swiss Franc
1 Philippine Peso = 11.96895 Chilean Peso
1 Philippine Peso = 0.12736 Chinese Yuan
1 Philippine Peso = 56.62579 Colombian Peso
1 Philippine Peso = 11.15506 Costa Rica Colon
1 Philippine Peso = 0.01978 Cuban Peso
1 Philippine Peso = 1.77275 Cape Verde Escudo
1 Philippine Peso = 0.40883 Czech Koruna
1 Philippine Peso = 3.49743 Djibouti Franc
1 Philippine Peso = 0.1197 Danish Krone
1 Philippine Peso = 0.95886 Dominican Peso
1 Philippine Peso = 2.24462 Algerian Dinar
1 Philippine Peso = 0.25141 Estonian Kroon
1 Philippine Peso = 0.34978 Egyptian Pound
1 Philippine Peso = 0.53817 Ethiopian Birr
1 Philippine Peso = 0.01607 Euro
1 Philippine Peso = 0.03956 Fiji Dollar
1 Philippine Peso = 0.01433 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08957 Ghanaian Cedi
1 Philippine Peso = 0.9371 Gambian Dalasi
1 Philippine Peso = 177.94699 Guinea Franc
1 Philippine Peso = 0.14509 Guatemala Quetzal
1 Philippine Peso = 4.07219 Guyana Dollar
1 Philippine Peso = 0.15475 Hong Kong Dollar
1 Philippine Peso = 0.46509 Honduras Lempira
1 Philippine Peso = 0.11922 Croatian Kuna
1 Philippine Peso = 1.25771 Haiti Gourde
1 Philippine Peso = 4.9644 Hungarian Forint
1 Philippine Peso = 263.35047 Indonesian Rupiah
1 Philippine Peso = 0.06775 Israeli Shekel
1 Philippine Peso = 1.266 Indian Rupee
1 Philippine Peso = 23.41772 Iraqi Dinar
1 Philippine Peso = 723.08147 Iran Rial
1 Philippine Peso = 2.02255 Iceland Krona
1 Philippine Peso = 2.43928 Jamaican Dollar
1 Philippine Peso = 0.01399 Jordanian Dinar
1 Philippine Peso = 2.18216 Japanese Yen
1 Philippine Peso = 2.03224 Kenyan Shilling
1 Philippine Peso = 1.37189 Kyrgyzstan Som
1 Philippine Peso = 79.26622 Cambodia Riel
1 Philippine Peso = 8.12896 Comoros Franc
1 Philippine Peso = 17.80063 North Korean Won
1 Philippine Peso = 21.02452 Korean Won
1 Philippine Peso = 0.00594 Kuwaiti Dinar
1 Philippine Peso = 0.01622 Cayman Islands Dollar
1 Philippine Peso = 6.47765 Kazakhstan Tenge
1 Philippine Peso = 163.7856 Lao Kip
1 Philippine Peso = 29.88528 Lebanese Pound
1 Philippine Peso = 3.04292 Sri Lanka Rupee
1 Philippine Peso = 2.5093 Liberian Dollar
1 Philippine Peso = 0.24248 Lesotho Loti
1 Philippine Peso = 0.0603 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02646 Libyan Dinar
1 Philippine Peso = 0.18183 Moroccan Dirham
1 Philippine Peso = 0.33356 Moldovan Leu
1 Philippine Peso = 0.98418 Macedonian Denar
1 Philippine Peso = 26.46361 Myanmar Kyat
1 Philippine Peso = 47.8837 Mongolian Tugrik
1 Philippine Peso = 0.1593 Macau Pataca
1 Philippine Peso = 6.96203 Mauritania Ougulya
1 Philippine Peso = 0.64676 Mauritius Rupee
1 Philippine Peso = 0.30795 Maldives Rufiyaa
1 Philippine Peso = 14.11195 Malawi Kwacha
1 Philippine Peso = 0.37086 Mexican Peso
1 Philippine Peso = 0.07803 Malaysian Ringgit
1 Philippine Peso = 0.24161 Namibian Dollar
1 Philippine Peso = 7.0807 Nigerian Naira
1 Philippine Peso = 0.6072 Nicaragua Cordoba
1 Philippine Peso = 0.15518 Norwegian Krone
1 Philippine Peso = 2.0265 Nepalese Rupee
1 Philippine Peso = 0.02715 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01978 Panama Balboa
1 Philippine Peso = 0.06341 Peruvian Nuevo Sol
1 Philippine Peso = 0.0624 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.18473 Pakistani Rupee
1 Philippine Peso = 0.06706 Polish Zloty
1 Philippine Peso = 110.52215 Paraguayan Guarani
1 Philippine Peso = 0.07202 Qatar Rial
1 Philippine Peso = 0.07488 Romanian New Leu
1 Philippine Peso = 1.11739 Russian Rouble
1 Philippine Peso = 16.52987 Rwanda Franc
1 Philippine Peso = 0.07417 Saudi Arabian Riyal
1 Philippine Peso = 0.15387 Solomon Islands Dollar
1 Philippine Peso = 0.26503 Seychelles Rupee
1 Philippine Peso = 0.13841 Sudanese Pound
1 Philippine Peso = 0.15847 Swedish Krona
1 Philippine Peso = 0.02609 Singapore Dollar
1 Philippine Peso = 0.01433 St Helena Pound
1 Philippine Peso = 0.4392 Slovak Koruna
1 Philippine Peso = 150.90981 Sierra Leone Leone
1 Philippine Peso = 10.85839 Somali Shilling
1 Philippine Peso = 393.89636 Sao Tome Dobra
1 Philippine Peso = 0.17306 El Salvador Colon
1 Philippine Peso = 10.18552 Syrian Pound
1 Philippine Peso = 0.24175 Swaziland Lilageni
1 Philippine Peso = 0.63054 Thai Baht
1 Philippine Peso = 0.04769 Tunisian Dinar
1 Philippine Peso = 0.04409 Tongan paʻanga
1 Philippine Peso = 0.07507 Turkish Lira
1 Philippine Peso = 0.13281 Trinidad Tobago Dollar
1 Philippine Peso = 0.5839 Taiwan Dollar
1 Philippine Peso = 44.34335 Tanzanian Shilling
1 Philippine Peso = 0.56547 Ukraine Hryvnia
1 Philippine Peso = 71.79588 Ugandan Shilling
1 Philippine Peso = 0.01978 United States Dollar
1 Philippine Peso = 0.56468 Uruguayan New Peso
1 Philippine Peso = 160.81883 Uzbekistan Sum
1 Philippine Peso = 0.19729 Venezuelan Bolivar
1 Philippine Peso = 449.14952 Vietnam Dong
1 Philippine Peso = 2.0449 Vanuatu Vatu
1 Philippine Peso = 0.04966 Samoa Tala
1 Philippine Peso = 10.5352 CFA Franc (BEAC)
1 Philippine Peso = 0.0534 East Caribbean Dollar
1 Philippine Peso = 10.5352 CFA Franc (BCEAO)
1 Philippine Peso = 1.90645 Pacific Franc
1 Philippine Peso = 4.94363 Yemen Riyal
1 Philippine Peso = 0.24183 South African Rand
1 Philippine Peso = 102.64043 Zambian Kwacha
1 Philippine Peso = 7.15783 Zimbabwe dollar

APEC Leaders’ Week 2017

CONGRATULATIONS are in order for Vietnam’s successful hosting of the 2017 Asia Pacific Economic Cooperation, a year-long commitment that culminated in Leaders’ Week in Da Nang. All 21 economic leaders were in attendance, with no major security issue that surfaced (at least, none that was reported in media.) Any organizer will tell you that hosting such an event involving a world leader is a challenge, much more so with 21 and hundreds of ministers and senior officials thrown in the mix.

The 2017 Summit marked the first time US President Donald Trump participated in APEC, as well as New Zealand’s Prime Minister Jacinda Ardern, and South Korea’s Moon Jae-in. Ardern made her mark early at the CEO Summit when she spoke about climate change being the greatest challenge facing this generation, and followed it up with a statement that small economies can take still responsibility for the planet and its environmental issues, challenging the mindset that small economies are powerless in the face of climate change. “No matter how small we are, we still have a role to play, as we all do,” she said before an audience of CEOs, senior officials and other world leaders. It was clear that Ardern, the youngest economic leader of the 21 economies, had a clear grasp of what needed to be done to drive change in economies: structural reform, the use of regulation to encourage innovation and the better utilization of resources for inclusive growth.

Ardern also threw some shade when she dropped this gem of a statement: “Climate change is real. It’s happening now. This is not talking about what we do in the future, but the action that we have the potential to carry as leaders in the business community and the international environment. My challenge to you all is to join us on that journey and leave a legacy we can all be proud of.” I can only wonder if it got through to the United States, specifically appointees of the Trump administration.

The Da Nang Declaration, or the statement issued by the 21 economic leaders at the end of the summit, affirming the year’s work and its proposed actions, contained several interesting points worth noting. Apart from the usual commitment to inclusive and sustainable growth, a focus on strengthening the capacity of micro, small and medium enterprises, the declaration was accompanied by a Framework on Human Resources Development in the Digital Age.

This is especially interesting because it shows that APEC, as the premier economic forum in the Asia Pacific, is adapting to the needs of the times. Its members acknowledge the emergence of the digital economy and recognize the need to prepare its constituents to participate in this space, along with the attendant vulnerabilities. The commitment to focus on education and life-long learning, technical and vocational education training, in addition to mobility and re-skilling of workers is something beneficial to the Philippines and to other member economies.

Trump’s keynote at the CEO summit was a hodge-podge of soundbites and praise about the other economies, citing individual achievements to drive home “the same story of incredible transformation that we have seen across the region.” A bit meh, policy-wise. (Dear fillenial readers, go ask a millenial what “meh” means.) My guess is the speech was designed as part of Trump’s charm offensive in the region, owing that this is his first visit to Asian tour since assuming the presidency in January.

A stark contrast to Trump was Chinese President Xi Jinping’s keynote, which was a preview of his interventions during the Leaders’ Retreat during the Summit proper. Mr. Xi’s remarks about the digital economy and the contribution of the business community to economic growth revealed his understanding of the problems and challenges faced by APEC, and the global economy in general. Of the digital economy, Mr. Xi said: “The digital economy and the sharing economy are taking the world by storm. Breakthroughs have been made, new technologies such as artificial intelligence and quantum science. We cannot afford to act like onlookers.” Geopolitics aside, it’s apparent that Mr. Xi has a better grasp of the things to come than his American counterpart.

Priorities change from hosting to hosting, but I do hope that the 2018 host, Papua New Guinea, will continue to keep the digital economy as one of the main points of its agenda. You already see its growth all around the world, from platforms like Amazon, Ebay, Lazada, Zalora and even the small business who use Instagram and Facebook as their digital storefronts. With any innovation come the pitfalls, and APEC economies must prepare its businesses, especially the micro and small enterprises, to meet the challenges the digital economy brings head-on.

Best of luck to the National Organizing Committee of Papua New Guinea as they begin their first-ever hosting of the APEC with the Informal Senior Officials’ Meeting in Port Moresby this coming December.
Rating: 
No votes yet

Column of the Day

From the forge of Vulkanus

By BERNARD KARGANILLA | January 18,2018
‘Woe unto you, ye sons of pain that are this day in earth – C. S. Lewis [Ode for New Year’s Day]’

Opinion of the Day

Sudden cardiac death

By PHILIP S. CHUA | January 18, 2018
‘Even a single coronary blockage, if severe enough, could be dangerous, and deadly, depending on the portion of the heart that suffers.’