June 19, 2018, 6:36 am
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1 Philippine Peso = 0.06887 UAE Dirham
1 Philippine Peso = 2.01763 Albanian Lek
1 Philippine Peso = 0.03375 Neth Antilles Guilder
1 Philippine Peso = 0.52595 Argentine Peso
1 Philippine Peso = 0.02519 Australian Dollar
1 Philippine Peso = 0.03338 Aruba Florin
1 Philippine Peso = 0.0375 Barbados Dollar
1 Philippine Peso = 1.56891 Bangladesh Taka
1 Philippine Peso = 0.03163 Bulgarian Lev
1 Philippine Peso = 0.00708 Bahraini Dinar
1 Philippine Peso = 32.83293 Burundi Franc
1 Philippine Peso = 0.01875 Bermuda Dollar
1 Philippine Peso = 0.02508 Brunei Dollar
1 Philippine Peso = 0.12845 Bolivian Boliviano
1 Philippine Peso = 0.06994 Brazilian Real
1 Philippine Peso = 0.01875 Bahamian Dollar
1 Philippine Peso = 1.26852 Bhutan Ngultrum
1 Philippine Peso = 0.19282 Botswana Pula
1 Philippine Peso = 375.39846 Belarus Ruble
1 Philippine Peso = 0.03746 Belize Dollar
1 Philippine Peso = 0.02475 Canadian Dollar
1 Philippine Peso = 0.0187 Swiss Franc
1 Philippine Peso = 11.85955 Chilean Peso
1 Philippine Peso = 0.12072 Chinese Yuan
1 Philippine Peso = 54.23964 Colombian Peso
1 Philippine Peso = 10.57585 Costa Rica Colon
1 Philippine Peso = 0.01875 Cuban Peso
1 Philippine Peso = 1.78136 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.32833 Djibouti Franc
1 Philippine Peso = 0.1203 Danish Krone
1 Philippine Peso = 0.92481 Dominican Peso
1 Philippine Peso = 2.19301 Algerian Dinar
1 Philippine Peso = 0.25282 Estonian Kroon
1 Philippine Peso = 0.33377 Egyptian Pound
1 Philippine Peso = 0.51078 Ethiopian Birr
1 Philippine Peso = 0.01616 Euro
1 Philippine Peso = 0.03862 Fiji Dollar
1 Philippine Peso = 0.01411 Falkland Islands Pound
1 Philippine Peso = 0.01411 British Pound
1 Philippine Peso = 0.08774 Ghanaian Cedi
1 Philippine Peso = 0.8783 Gambian Dalasi
1 Philippine Peso = 168.7418 Guinea Franc
1 Philippine Peso = 0.13756 Guatemala Quetzal
1 Philippine Peso = 3.86799 Guyana Dollar
1 Philippine Peso = 0.14715 Hong Kong Dollar
1 Philippine Peso = 0.44823 Honduras Lempira
1 Philippine Peso = 0.11904 Croatian Kuna
1 Philippine Peso = 1.22745 Haiti Gourde
1 Philippine Peso = 5.20533 Hungarian Forint
1 Philippine Peso = 261.11007 Indonesian Rupiah
1 Philippine Peso = 0.06788 Israeli Shekel
1 Philippine Peso = 1.27862 Indian Rupee
1 Philippine Peso = 22.20139 Iraqi Dinar
1 Philippine Peso = 793.5496 Iran Rial
1 Philippine Peso = 2.01763 Iceland Krona
1 Philippine Peso = 2.42115 Jamaican Dollar
1 Philippine Peso = 0.01329 Jordanian Dinar
1 Philippine Peso = 2.07454 Japanese Yen
1 Philippine Peso = 1.89293 Kenyan Shilling
1 Philippine Peso = 1.28161 Kyrgyzstan Som
1 Philippine Peso = 75.86537 Cambodia Riel
1 Philippine Peso = 7.83274 Comoros Franc
1 Philippine Peso = 16.87605 North Korean Won
1 Philippine Peso = 20.66229 Korean Won
1 Philippine Peso = 0.00567 Kuwaiti Dinar
1 Philippine Peso = 0.01538 Cayman Islands Dollar
1 Philippine Peso = 6.31164 Kazakhstan Tenge
1 Philippine Peso = 157.15357 Lao Kip
1 Philippine Peso = 28.23364 Lebanese Pound
1 Philippine Peso = 2.99081 Sri Lanka Rupee
1 Philippine Peso = 2.62835 Liberian Dollar
1 Philippine Peso = 0.2522 Lesotho Loti
1 Philippine Peso = 0.05717 Lithuanian Lita
1 Philippine Peso = 0.01164 Latvian Lat
1 Philippine Peso = 0.02542 Libyan Dinar
1 Philippine Peso = 0.17853 Moroccan Dirham
1 Philippine Peso = 0.31382 Moldovan Leu
1 Philippine Peso = 0.9715 Macedonian Denar
1 Philippine Peso = 25.27658 Myanmar Kyat
1 Philippine Peso = 45.11532 Mongolian Tugrik
1 Philippine Peso = 0.15157 Macau Pataca
1 Philippine Peso = 6.65667 Mauritania Ougulya
1 Philippine Peso = 0.65479 Mauritius Rupee
1 Philippine Peso = 0.29196 Maldives Rufiyaa
1 Philippine Peso = 13.37802 Malawi Kwacha
1 Philippine Peso = 0.38672 Mexican Peso
1 Philippine Peso = 0.0747 Malaysian Ringgit
1 Philippine Peso = 0.2516 Namibian Dollar
1 Philippine Peso = 6.71292 Nigerian Naira
1 Philippine Peso = 0.58522 Nicaragua Cordoba
1 Philippine Peso = 0.15276 Norwegian Krone
1 Philippine Peso = 2.03846 Nepalese Rupee
1 Philippine Peso = 0.02698 New Zealand Dollar
1 Philippine Peso = 0.00722 Omani Rial
1 Philippine Peso = 0.01875 Panama Balboa
1 Philippine Peso = 0.06144 Peruvian Nuevo Sol
1 Philippine Peso = 0.05887 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.23233 Pakistani Rupee
1 Philippine Peso = 0.06922 Polish Zloty
1 Philippine Peso = 105.94412 Paraguayan Guarani
1 Philippine Peso = 0.06825 Qatar Rial
1 Philippine Peso = 0.07529 Romanian New Leu
1 Philippine Peso = 1.18378 Russian Rouble
1 Philippine Peso = 15.92781 Rwanda Franc
1 Philippine Peso = 0.07032 Saudi Arabian Riyal
1 Philippine Peso = 0.1483 Solomon Islands Dollar
1 Philippine Peso = 0.25162 Seychelles Rupee
1 Philippine Peso = 0.33668 Sudanese Pound
1 Philippine Peso = 0.16475 Swedish Krona
1 Philippine Peso = 0.02532 Singapore Dollar
1 Philippine Peso = 0.01412 St Helena Pound
1 Philippine Peso = 0.41639 Slovak Koruna
1 Philippine Peso = 148.88431 Sierra Leone Leone
1 Philippine Peso = 10.53816 Somali Shilling
1 Philippine Peso = 395.79974 Sao Tome Dobra
1 Philippine Peso = 0.16407 El Salvador Colon
1 Philippine Peso = 9.65648 Syrian Pound
1 Philippine Peso = 0.25162 Swaziland Lilageni
1 Philippine Peso = 0.61204 Thai Baht
1 Philippine Peso = 0.04892 Tunisian Dinar
1 Philippine Peso = 0.04288 Tongan paʻanga
1 Philippine Peso = 0.08861 Turkish Lira
1 Philippine Peso = 0.12572 Trinidad Tobago Dollar
1 Philippine Peso = 0.56497 Taiwan Dollar
1 Philippine Peso = 42.52766 Tanzanian Shilling
1 Philippine Peso = 0.49372 Ukraine Hryvnia
1 Philippine Peso = 71.94825 Ugandan Shilling
1 Philippine Peso = 0.01875 United States Dollar
1 Philippine Peso = 0.59066 Uruguayan New Peso
1 Philippine Peso = 148.13426 Uzbekistan Sum
1 Philippine Peso = 1496.34352 Venezuelan Bolivar
1 Philippine Peso = 427.78924 Vietnam Dong
1 Philippine Peso = 2.02025 Vanuatu Vatu
1 Philippine Peso = 0.04811 Samoa Tala
1 Philippine Peso = 10.58541 CFA Franc (BEAC)
1 Philippine Peso = 0.05063 East Caribbean Dollar
1 Philippine Peso = 10.58541 CFA Franc (BCEAO)
1 Philippine Peso = 1.91656 Pacific Franc
1 Philippine Peso = 4.68498 Yemen Riyal
1 Philippine Peso = 0.25181 South African Rand
1 Philippine Peso = 97.30921 Zambian Kwacha
1 Philippine Peso = 6.78605 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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