November 21, 2017, 11:44 am
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07222 UAE Dirham
1 Philippine Peso = 2.23697 Albanian Lek
1 Philippine Peso = 0.035 Neth Antilles Guilder
1 Philippine Peso = 0.34334 Argentine Peso
1 Philippine Peso = 0.02609 Australian Dollar
1 Philippine Peso = 0.035 Aruba Florin
1 Philippine Peso = 0.03933 Barbados Dollar
1 Philippine Peso = 1.63992 Bangladesh Taka
1 Philippine Peso = 0.03265 Bulgarian Lev
1 Philippine Peso = 0.00741 Bahraini Dinar
1 Philippine Peso = 34.27689 Burundi Franc
1 Philippine Peso = 0.01967 Bermuda Dollar
1 Philippine Peso = 0.02668 Brunei Dollar
1 Philippine Peso = 0.13491 Bolivian Boliviano
1 Philippine Peso = 0.06405 Brazilian Real
1 Philippine Peso = 0.01967 Bahamian Dollar
1 Philippine Peso = 1.28171 Bhutan Ngultrum
1 Philippine Peso = 0.20626 Botswana Pula
1 Philippine Peso = 393.707 Belarus Ruble
1 Philippine Peso = 0.03929 Belize Dollar
1 Philippine Peso = 0.0252 Canadian Dollar
1 Philippine Peso = 0.01953 Swiss Franc
1 Philippine Peso = 12.51721 Chilean Peso
1 Philippine Peso = 0.13055 Chinese Yuan
1 Philippine Peso = 59.27237 Colombian Peso
1 Philippine Peso = 11.06096 Costa Rica Colon
1 Philippine Peso = 0.01967 Cuban Peso
1 Philippine Peso = 1.84798 Cape Verde Escudo
1 Philippine Peso = 0.42782 Czech Koruna
1 Philippine Peso = 3.47748 Djibouti Franc
1 Philippine Peso = 0.12472 Danish Krone
1 Philippine Peso = 0.93215 Dominican Peso
1 Philippine Peso = 2.25679 Algerian Dinar
1 Philippine Peso = 0.26216 Estonian Kroon
1 Philippine Peso = 0.34612 Egyptian Pound
1 Philippine Peso = 0.53196 Ethiopian Birr
1 Philippine Peso = 0.01676 Euro
1 Philippine Peso = 0.0411 Fiji Dollar
1 Philippine Peso = 0.01485 Falkland Islands Pound
1 Philippine Peso = 0.01485 British Pound
1 Philippine Peso = 0.09043 Ghanaian Cedi
1 Philippine Peso = 0.92566 Gambian Dalasi
1 Philippine Peso = 176.89283 Guinea Franc
1 Philippine Peso = 0.14439 Guatemala Quetzal
1 Philippine Peso = 4.01731 Guyana Dollar
1 Philippine Peso = 0.15359 Hong Kong Dollar
1 Philippine Peso = 0.46264 Honduras Lempira
1 Philippine Peso = 0.12608 Croatian Kuna
1 Philippine Peso = 1.21691 Haiti Gourde
1 Philippine Peso = 5.23442 Hungarian Forint
1 Philippine Peso = 266.33236 Indonesian Rupiah
1 Philippine Peso = 0.06904 Israeli Shekel
1 Philippine Peso = 1.28012 Indian Rupee
1 Philippine Peso = 22.94985 Iraqi Dinar
1 Philippine Peso = 692.86138 Iran Rial
1 Philippine Peso = 2.03638 Iceland Krona
1 Philippine Peso = 2.46903 Jamaican Dollar
1 Philippine Peso = 0.01391 Jordanian Dinar
1 Philippine Peso = 2.2151 Japanese Yen
1 Philippine Peso = 2.03441 Kenyan Shilling
1 Philippine Peso = 1.37082 Kyrgyzstan Som
1 Philippine Peso = 78.99705 Cambodia Riel
1 Philippine Peso = 8.32547 Comoros Franc
1 Philippine Peso = 17.69912 North Korean Won
1 Philippine Peso = 21.59685 Korean Won
1 Philippine Peso = 0.00593 Kuwaiti Dinar
1 Philippine Peso = 0.01613 Cayman Islands Dollar
1 Philippine Peso = 6.50443 Kazakhstan Tenge
1 Philippine Peso = 163.16618 Lao Kip
1 Philippine Peso = 29.60669 Lebanese Pound
1 Philippine Peso = 3.02262 Sri Lanka Rupee
1 Philippine Peso = 2.44897 Liberian Dollar
1 Philippine Peso = 0.2763 Lesotho Loti
1 Philippine Peso = 0.05995 Lithuanian Lita
1 Philippine Peso = 0.0122 Latvian Lat
1 Philippine Peso = 0.02689 Libyan Dinar
1 Philippine Peso = 0.18578 Moroccan Dirham
1 Philippine Peso = 0.34307 Moldovan Leu
1 Philippine Peso = 1.02635 Macedonian Denar
1 Philippine Peso = 26.80433 Myanmar Kyat
1 Philippine Peso = 47.94494 Mongolian Tugrik
1 Philippine Peso = 0.15822 Macau Pataca
1 Philippine Peso = 6.90266 Mauritania Ougulya
1 Philippine Peso = 0.6647 Mauritius Rupee
1 Philippine Peso = 0.30619 Maldives Rufiyaa
1 Philippine Peso = 14.0885 Malawi Kwacha
1 Philippine Peso = 0.37348 Mexican Peso
1 Philippine Peso = 0.08155 Malaysian Ringgit
1 Philippine Peso = 0.27622 Namibian Dollar
1 Philippine Peso = 7.00098 Nigerian Naira
1 Philippine Peso = 0.60177 Nicaragua Cordoba
1 Philippine Peso = 0.16317 Norwegian Krone
1 Philippine Peso = 2.03638 Nepalese Rupee
1 Philippine Peso = 0.02891 New Zealand Dollar
1 Philippine Peso = 0.00756 Omani Rial
1 Philippine Peso = 0.01967 Panama Balboa
1 Philippine Peso = 0.06359 Peruvian Nuevo Sol
1 Philippine Peso = 0.06374 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.06568 Pakistani Rupee
1 Philippine Peso = 0.07087 Polish Zloty
1 Philippine Peso = 110.87513 Paraguayan Guarani
1 Philippine Peso = 0.07473 Qatar Rial
1 Philippine Peso = 0.07785 Romanian New Leu
1 Philippine Peso = 1.16841 Russian Rouble
1 Philippine Peso = 16.36755 Rwanda Franc
1 Philippine Peso = 0.07374 Saudi Arabian Riyal
1 Philippine Peso = 0.15449 Solomon Islands Dollar
1 Philippine Peso = 0.26735 Seychelles Rupee
1 Philippine Peso = 0.13097 Sudanese Pound
1 Philippine Peso = 0.16686 Swedish Krona
1 Philippine Peso = 0.0267 Singapore Dollar
1 Philippine Peso = 0.01486 St Helena Pound
1 Philippine Peso = 0.4367 Slovak Koruna
1 Philippine Peso = 149.85251 Sierra Leone Leone
1 Philippine Peso = 10.99312 Somali Shilling
1 Philippine Peso = 410.64307 Sao Tome Dobra
1 Philippine Peso = 0.17207 El Salvador Colon
1 Philippine Peso = 10.12743 Syrian Pound
1 Philippine Peso = 0.27624 Swaziland Lilageni
1 Philippine Peso = 0.64562 Thai Baht
1 Philippine Peso = 0.04905 Tunisian Dinar
1 Philippine Peso = 0.04547 Tongan paʻanga
1 Philippine Peso = 0.07723 Turkish Lira
1 Philippine Peso = 0.13037 Trinidad Tobago Dollar
1 Philippine Peso = 0.59133 Taiwan Dollar
1 Philippine Peso = 43.93314 Tanzanian Shilling
1 Philippine Peso = 0.51976 Ukraine Hryvnia
1 Philippine Peso = 71.28811 Ugandan Shilling
1 Philippine Peso = 0.01967 United States Dollar
1 Philippine Peso = 0.57699 Uruguayan New Peso
1 Philippine Peso = 158.89873 Uzbekistan Sum
1 Philippine Peso = 0.19617 Venezuelan Bolivar
1 Philippine Peso = 446.39136 Vietnam Dong
1 Philippine Peso = 2.10089 Vanuatu Vatu
1 Philippine Peso = 0.05108 Samoa Tala
1 Philippine Peso = 10.98368 CFA Franc (BEAC)
1 Philippine Peso = 0.0531 East Caribbean Dollar
1 Philippine Peso = 10.988 CFA Franc (BCEAO)
1 Philippine Peso = 1.98682 Pacific Franc
1 Philippine Peso = 4.91504 Yemen Riyal
1 Philippine Peso = 0.2763 South African Rand
1 Philippine Peso = 102.05507 Zambian Kwacha
1 Philippine Peso = 7.11701 Zimbabwe dollar

Asean companies need to do business across borders

by Jan Alvin Pabellon, Director of Product Management, Oracle NetSuite

THE Association of Southeast Asian Nations (ASEAN) is celebrating the golden anniversary of its founding this year.

 The regional organization is composed of ten member states that include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. A diverse region, it covers 4.4 million sq km, with a combined population of approximately 622 million people. It has a combined GDP that is projected to hit $2.6 trillion this year—which is collectively larger than the GDPs of India, the UK, France, Brazil, Russia or Australia.

ASEAN’s vision of promoting regional multilateralism, peace, stability and prosperity is as vital and relevant as ever. One of the ways it achieves this is by creating an environment that encourages closer economic cooperation among members. The organization’s role in facilitating easier cross-border trade plays a big part in that—allowing companies to do business much more easily and conveniently.

Bright prospects for the region ahead.Companies would be wise to take advantage of the increasingly dynamic and open economies of the Southeast Asian region. The region has one of the fastest growing consumer markets in the world driven by a young, growing middle class, and is a preferred destination for outsourced manufacturing and services.

Singapore is the economic hub of the region, with its strong governance systems and continued leadership in all indicators of economic development, but growth in the region is expected to be largely driven by Indonesia, Malaysia, Thailand and the Philippines. Indonesia is by far the region’s largest economy, and shows signs of continued growth this year and the coming years.

Malaysia’s export-oriented economy is being buoyed by growth in the global markets and its competitive currency.

Thailand is similar, with a strong local currency and continued growth of demand for its exports. The Philippines’ growth on the other hand is being driven from within by strong domestic demand fueled by a young population and a government eager to ramp up spending in local infrastructure.

These markets, plus the largely untapped, frontier economies of Cambodia, Laos, Vietnam and Myanmar will push further the bright economic prospects of the region and increase the attractiveness of the region to international trade and investments in the near future.

Connectivity eases doing business across borders. Further positive developments are expected due to expanding connectivity, growing Internet access, and the shift to digital and the “cloud” in ASEAN member states.

Connectivity, whether virtual or physical, enables the open exchange of information, capital, labor, products and services—which ultimately brings about market efficiency and transparency. It encourages interdependency that can be a powerful force for harmony and stability. Over time it also reduces development gaps and enhances competitiveness—all important to have in an increasingly global economy.

The Internet, and more broadly digital technologies, are powerful enablers of connectivity especially in the areas of international business and trade.

It is a platform by which sellers can reach new markets, and allows buyers to source and find products more easily.

With more than 320 million Internet users, many of whom are young, enthusiastic users of social and mobile technologies, the region has attracted widespread interest and investment in online businesses. It also enables greater efficiency and effectiveness for even traditional or brick and mortar businesses wanting to do business across borders.

The Internet and digital technology allows these companies to rethink and transform how they communicate and manage their processes. The emerging area of cloud computing is one example, wherein organizations get easier access to software and services to automate their processes, improve their operations, and scale their business, in a more economically viable way.  

Go to the expert. To take advantage of these opportunities, Oracle NetSuite can help companies doing business across ASEAN do business much more easily. Offering an entire business suite delivered via the cloud, that is offered via subscription, automatically updated, and takes advantage of the latest technologies, we offer businesses unparalleled capabilities that can give them the edge in doing business internationally, across the region.
NetSuite OneWorld offering gives companies the ability to manage multiple subsidiaries in one system, transact in multiple languages and currencies, and meet global and local accounting and reporting requirements with its flexible accounting and taxation capabilities. Capabilities include:
Local language support for Thai, Simplified and Traditional Chinese and also for businesses to trade with customers, suppliers and partners anywhere in the world in the language of their choice while meeting local compliance standards and cultural expectations through easily customizable forms.

Country-specific indirect tax reporting capabilities whether for GST, VAT or Withholding Taxes, are available for the Philippines, Malaysia, Indonesia, Thailand, and Vietnam.

Automated intercompany accounting and reporting with multi-currency consolidation, and real-time roll ups across accounts receivable, accounts payable, inventory, billing, invoicing and order fulfillment, from local in-country operations to regional offices, all the way to global headquarters.

Comprehensive controls and reports for audit and compliance with highly configurable, role-based access controls and workflows, built-in support for both international and country-specific audit reports, always-on audit trail and access logs, and powerful analytics that provide the ability to drill down from any report to the underlying transaction detail.

A web-native architecture that enables access from anywhere on the globe, on any device whether desktop or mobile.

Companies will be wise to invest in a system that can help them take advantage of the economic opportunities that exist in the growing, and increasingly connected ASEAN region.

# # #
Rating: 
No votes yet