May 26, 2018, 7:54 am
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1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 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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