November 18, 2017, 7:02 am
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1 Philippine Peso = 0.07227 UAE Dirham
1 Philippine Peso = 2.22452 Albanian Lek
1 Philippine Peso = 0.03503 Neth Antilles Guilder
1 Philippine Peso = 0.34355 Argentine Peso
1 Philippine Peso = 0.02607 Australian Dollar
1 Philippine Peso = 0.03503 Aruba Florin
1 Philippine Peso = 0.03935 Barbados Dollar
1 Philippine Peso = 1.64187 Bangladesh Taka
1 Philippine Peso = 0.0327 Bulgarian Lev
1 Philippine Peso = 0.00742 Bahraini Dinar
1 Philippine Peso = 34.29713 Burundi Franc
1 Philippine Peso = 0.01968 Bermuda Dollar
1 Philippine Peso = 0.02667 Brunei Dollar
1 Philippine Peso = 0.13499 Bolivian Boliviano
1 Philippine Peso = 0.0645 Brazilian Real
1 Philippine Peso = 0.01968 Bahamian Dollar
1 Philippine Peso = 1.28247 Bhutan Ngultrum
1 Philippine Peso = 0.20681 Botswana Pula
1 Philippine Peso = 393.93939 Belarus Ruble
1 Philippine Peso = 0.03931 Belize Dollar
1 Philippine Peso = 0.02511 Canadian Dollar
1 Philippine Peso = 0.01951 Swiss Franc
1 Philippine Peso = 12.40988 Chilean Peso
1 Philippine Peso = 0.13051 Chinese Yuan
1 Philippine Peso = 59.13813 Colombian Peso
1 Philippine Peso = 11.08422 Costa Rica Colon
1 Philippine Peso = 0.01968 Cuban Peso
1 Philippine Peso = 1.83943 Cape Verde Escudo
1 Philippine Peso = 0.42677 Czech Koruna
1 Philippine Peso = 3.47954 Djibouti Franc
1 Philippine Peso = 0.12411 Danish Krone
1 Philippine Peso = 0.94451 Dominican Peso
1 Philippine Peso = 2.25075 Algerian Dinar
1 Philippine Peso = 0.2609 Estonian Kroon
1 Philippine Peso = 0.34652 Egyptian Pound
1 Philippine Peso = 0.53227 Ethiopian Birr
1 Philippine Peso = 0.01667 Euro
1 Philippine Peso = 0.04117 Fiji Dollar
1 Philippine Peso = 0.0149 Falkland Islands Pound
1 Philippine Peso = 0.01491 British Pound
1 Philippine Peso = 0.0895 Ghanaian Cedi
1 Philippine Peso = 0.92483 Gambian Dalasi
1 Philippine Peso = 177.2137 Guinea Franc
1 Philippine Peso = 0.14447 Guatemala Quetzal
1 Philippine Peso = 4.05313 Guyana Dollar
1 Philippine Peso = 0.15372 Hong Kong Dollar
1 Philippine Peso = 0.46232 Honduras Lempira
1 Philippine Peso = 0.12613 Croatian Kuna
1 Philippine Peso = 1.21291 Haiti Gourde
1 Philippine Peso = 5.19481 Hungarian Forint
1 Philippine Peso = 266.09603 Indonesian Rupiah
1 Philippine Peso = 0.06915 Israeli Shekel
1 Philippine Peso = 1.27847 Indian Rupee
1 Philippine Peso = 22.9634 Iraqi Dinar
1 Philippine Peso = 693.36875 Iran Rial
1 Philippine Peso = 2.02755 Iceland Krona
1 Philippine Peso = 2.47068 Jamaican Dollar
1 Philippine Peso = 0.01392 Jordanian Dinar
1 Philippine Peso = 2.21558 Japanese Yen
1 Philippine Peso = 2.03994 Kenyan Shilling
1 Philippine Peso = 1.37194 Kyrgyzstan Som
1 Philippine Peso = 79.10272 Cambodia Riel
1 Philippine Peso = 8.33333 Comoros Franc
1 Philippine Peso = 17.70956 North Korean Won
1 Philippine Peso = 21.5429 Korean Won
1 Philippine Peso = 0.00594 Kuwaiti Dinar
1 Philippine Peso = 0.01614 Cayman Islands Dollar
1 Philippine Peso = 6.52952 Kazakhstan Tenge
1 Philippine Peso = 163.2625 Lao Kip
1 Philippine Peso = 29.73239 Lebanese Pound
1 Philippine Peso = 3.02145 Sri Lanka Rupee
1 Philippine Peso = 2.44392 Liberian Dollar
1 Philippine Peso = 0.27873 Lesotho Loti
1 Philippine Peso = 0.05999 Lithuanian Lita
1 Philippine Peso = 0.01221 Latvian Lat
1 Philippine Peso = 0.02676 Libyan Dinar
1 Philippine Peso = 0.18535 Moroccan Dirham
1 Philippine Peso = 0.34406 Moldovan Leu
1 Philippine Peso = 1.02145 Macedonian Denar
1 Philippine Peso = 26.82015 Myanmar Kyat
1 Philippine Peso = 48.01181 Mongolian Tugrik
1 Philippine Peso = 0.15831 Macau Pataca
1 Philippine Peso = 6.91558 Mauritania Ougulya
1 Philippine Peso = 0.66706 Mauritius Rupee
1 Philippine Peso = 0.30638 Maldives Rufiyaa
1 Philippine Peso = 14.09681 Malawi Kwacha
1 Philippine Peso = 0.37473 Mexican Peso
1 Philippine Peso = 0.08186 Malaysian Ringgit
1 Philippine Peso = 0.27564 Namibian Dollar
1 Philippine Peso = 7.02479 Nigerian Naira
1 Philippine Peso = 0.60232 Nicaragua Cordoba
1 Philippine Peso = 0.16201 Norwegian Krone
1 Philippine Peso = 2.03758 Nepalese Rupee
1 Philippine Peso = 0.02897 New Zealand Dollar
1 Philippine Peso = 0.00757 Omani Rial
1 Philippine Peso = 0.01968 Panama Balboa
1 Philippine Peso = 0.06374 Peruvian Nuevo Sol
1 Philippine Peso = 0.06312 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.07261 Pakistani Rupee
1 Philippine Peso = 0.07062 Polish Zloty
1 Philippine Peso = 111.06651 Paraguayan Guarani
1 Philippine Peso = 0.07477 Qatar Rial
1 Philippine Peso = 0.07746 Romanian New Leu
1 Philippine Peso = 1.16854 Russian Rouble
1 Philippine Peso = 16.37721 Rwanda Franc
1 Philippine Peso = 0.07379 Saudi Arabian Riyal
1 Philippine Peso = 0.15368 Solomon Islands Dollar
1 Philippine Peso = 0.26269 Seychelles Rupee
1 Philippine Peso = 0.13104 Sudanese Pound
1 Philippine Peso = 0.16586 Swedish Krona
1 Philippine Peso = 0.02669 Singapore Dollar
1 Philippine Peso = 0.01491 St Helena Pound
1 Philippine Peso = 0.43695 Slovak Koruna
1 Philippine Peso = 149.94097 Sierra Leone Leone
1 Philippine Peso = 10.99961 Somali Shilling
1 Philippine Peso = 408.72688 Sao Tome Dobra
1 Philippine Peso = 0.17218 El Salvador Colon
1 Philippine Peso = 10.13341 Syrian Pound
1 Philippine Peso = 0.2756 Swaziland Lilageni
1 Philippine Peso = 0.64542 Thai Baht
1 Philippine Peso = 0.04872 Tunisian Dinar
1 Philippine Peso = 0.04538 Tongan paʻanga
1 Philippine Peso = 0.07647 Turkish Lira
1 Philippine Peso = 0.13045 Trinidad Tobago Dollar
1 Philippine Peso = 0.59144 Taiwan Dollar
1 Philippine Peso = 43.97875 Tanzanian Shilling
1 Philippine Peso = 0.52076 Ukraine Hryvnia
1 Philippine Peso = 71.36954 Ugandan Shilling
1 Philippine Peso = 0.01968 United States Dollar
1 Philippine Peso = 0.57989 Uruguayan New Peso
1 Philippine Peso = 158.20543 Uzbekistan Sum
1 Philippine Peso = 0.19628 Venezuelan Bolivar
1 Philippine Peso = 446.89099 Vietnam Dong
1 Philippine Peso = 2.12515 Vanuatu Vatu
1 Philippine Peso = 0.05043 Samoa Tala
1 Philippine Peso = 10.9329 CFA Franc (BEAC)
1 Philippine Peso = 0.05313 East Caribbean Dollar
1 Philippine Peso = 10.93861 CFA Franc (BCEAO)
1 Philippine Peso = 1.9754 Pacific Franc
1 Philippine Peso = 4.91834 Yemen Riyal
1 Philippine Peso = 0.27568 South African Rand
1 Philippine Peso = 102.11531 Zambian Kwacha
1 Philippine Peso = 7.12121 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.  
Rating: 
Average: 5 (3 votes)

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