September 23, 2017, 3:24 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

Uber acting, under-thinking

Little among the recent controversies that erupt on an increasingly regular basis between regulators and the business world can show just how inept and incompetent bureaucrats are, as in the case of ride-sharing provider Uber. While government appointment protocols are infected with political partisanship on one end and on another, compensation structures that nurture corruption and payolas, the general perception is that the average competence and intelligence levels in the service are not very high.

As bad as that is, it warps doubly unfortunate where public perception is worsened by suspicions of insidious collusion with hidden interest groups whenever some inept factotum acts in an inequitable, discriminatory, if not un-intelligent manner. The case of Uber had turned into an illustrative example solidifying deeply negative perceptions for too-long held.

Peel off the veneer of self-righteousness that guises the economic agenda of the complainants-on-record who’ve filed charges against Uber and, behind the plastic laminate, it is easy to see an interest group that grossly violates the same laws they accuse Uber of skirting. From the epidemic criminality deeply entrenched among jeepney groups to the taxi and bus sectors, Filipinos coined the colloquial term “colorum” to describe an un-franchised and illegal albeit prevalent transport system.

Unfortunately, it is a system nurtured by insidious interests.

Analyze current investigations of those severely encephalitic lawmakers who insist on being addressed as “honorable.” From ego-tripping super-blockbuster telenovela investigations in aid of legislation on fraud perpetrated from inside banks to the hidden wealth and money laundering issues involving officers of government agencies. The former, an industry solons understand very little, the latter, money-laundering laws watered down.

The Uber debacle reveals where bureaucratic factotum totally missed the point and failed to understand their mandates.

While land transport regulation had its origins in 1906, in the nearly third of a century since the inception of the modern-day Land Transportation and Regulatory Board (LTFRB), that agency has had very little success in controling the proliferation of unlicensed public transport vehicles -- a major source of whatever clogs our streets, defying law enforcement albeit fattening the pockets of traffic enforcers. 

Officials of the agency admitted that upon taking office from the last dispensation the difference in the number of apprehended illegally operating vehicles sans a franchise was exponentially higher than previously recorded. We should complement such drumbeats. On the other hand, it is evidence of long festering dereliction and incompetence.

Simply circle around a congested street block plied by jeepneys, pedicabs, tuk-toks and tricycles. Notice the myriad of franchise violations from public utility vehicles operating with either license plates reserved for private vehicles, or those operating without plates of any kind.

These pose dangers for the public. Consequently, the exponential demand for Uber and the other alternative modes provided by the private sector were principally generated by the glaring incompetence and utter failure of the transport authorities, the LTFRB included, to provide a rationale, systematic, safe and convenient mass transport system.

While regulating traditional transport modes and fares lie with the regulatory agencies, the agreed-upon fares negotiated with Uber, seen by competitors and the authorities as inordinately high, result from regulatory incompetence more than the avarice of private enterprise Uber’s
critics claim. 

Uber’s pricing paradigm follows a free market based digitally documented private contract between ride-sharer and discerning commuters. The economic elasticities are telling. Uber’s market places a premium on safety, peace of mind, reliability, courtesy, and even cleanliness.

These, and many more are pricing factors largely absent in LTFRB’s antiquated model for traditional franchisees.

Uber commuters compare Uber’s prices against alternatives given the value of their lives, lost productive time and revenues endangered by LTFRB franchises granted to jeepneys, taxis and buses, and the un-franchised operating under these sub-sectors that the LTFRB has yet to control satisfactorily.

Unfortunately, by first imposing a blanket suspension, and then penalizing Uber and its market, broadly, indiscriminately and unfairly, authorities over-acted, over-reaching on one end, yet remaining grossly derelict of their charge on another.

The Uber controversy revealed once more the weaknesses of political appointment protocols. We should appoint regulators on the basis of both broad-based intelligence and profound analytical proficiency as well as enforcement competence. We seem to have too many myopic lawyers and one-dimensional police and military men. 

Apparently the chemistry of anachronistic and inapplicable LTFRB regulations were simplistically and blindly applied to novel and complex systems the crafters of such dated regulations had not envisioned. Hence the gross inflexibility and unfairness especially relative to the limited number of Uber’s violations of antiquated requisites against the immeasurable number of un-licensed illegally plying under the transport group banners of the complainants who so brazenly attacked Uber for their own benefit.  
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