June 24, 2018, 4:57 pm
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1 Philippine Peso = 0.06901 UAE Dirham
1 Philippine Peso = 2.02912 Albanian Lek
1 Philippine Peso = 0.03401 Neth Antilles Guilder
1 Philippine Peso = 0.5072 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03345 Aruba Florin
1 Philippine Peso = 0.03758 Barbados Dollar
1 Philippine Peso = 1.57159 Bangladesh Taka
1 Philippine Peso = 0.03155 Bulgarian Lev
1 Philippine Peso = 0.00712 Bahraini Dinar
1 Philippine Peso = 32.90079 Burundi Franc
1 Philippine Peso = 0.01879 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1289 Bolivian Boliviano
1 Philippine Peso = 0.07111 Brazilian Real
1 Philippine Peso = 0.01879 Bahamian Dollar
1 Philippine Peso = 1.28053 Bhutan Ngultrum
1 Philippine Peso = 0.19402 Botswana Pula
1 Philippine Peso = 376.17437 Belarus Ruble
1 Philippine Peso = 0.03754 Belize Dollar
1 Philippine Peso = 0.02493 Canadian Dollar
1 Philippine Peso = 0.01856 Swiss Franc
1 Philippine Peso = 11.99061 Chilean Peso
1 Philippine Peso = 0.12218 Chinese Yuan
1 Philippine Peso = 54.75385 Colombian Peso
1 Philippine Peso = 10.57591 Costa Rica Colon
1 Philippine Peso = 0.01879 Cuban Peso
1 Philippine Peso = 1.77772 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.33615 Djibouti Franc
1 Philippine Peso = 0.12016 Danish Krone
1 Philippine Peso = 0.92728 Dominican Peso
1 Philippine Peso = 2.1963 Algerian Dinar
1 Philippine Peso = 0.25225 Estonian Kroon
1 Philippine Peso = 0.33484 Egyptian Pound
1 Philippine Peso = 0.51146 Ethiopian Birr
1 Philippine Peso = 0.01612 Euro
1 Philippine Peso = 0.03918 Fiji Dollar
1 Philippine Peso = 0.01416 Falkland Islands Pound
1 Philippine Peso = 0.01417 British Pound
1 Philippine Peso = 0.08979 Ghanaian Cedi
1 Philippine Peso = 0.87956 Gambian Dalasi
1 Philippine Peso = 169.07178 Guinea Franc
1 Philippine Peso = 0.14072 Guatemala Quetzal
1 Philippine Peso = 3.87599 Guyana Dollar
1 Philippine Peso = 0.14741 Hong Kong Dollar
1 Philippine Peso = 0.44878 Honduras Lempira
1 Philippine Peso = 0.11882 Croatian Kuna
1 Philippine Peso = 1.24803 Haiti Gourde
1 Philippine Peso = 5.23224 Hungarian Forint
1 Philippine Peso = 264.43067 Indonesian Rupiah
1 Philippine Peso = 0.06764 Israeli Shekel
1 Philippine Peso = 1.27568 Indian Rupee
1 Philippine Peso = 22.24728 Iraqi Dinar
1 Philippine Peso = 798.38407 Iran Rial
1 Philippine Peso = 2.03119 Iceland Krona
1 Philippine Peso = 2.45509 Jamaican Dollar
1 Philippine Peso = 0.01333 Jordanian Dinar
1 Philippine Peso = 2.06417 Japanese Yen
1 Philippine Peso = 1.89121 Kenyan Shilling
1 Philippine Peso = 1.28183 Kyrgyzstan Som
1 Philippine Peso = 76.00526 Cambodia Riel
1 Philippine Peso = 7.92522 Comoros Franc
1 Philippine Peso = 16.91094 North Korean Won
1 Philippine Peso = 20.86622 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01541 Cayman Islands Dollar
1 Philippine Peso = 6.38595 Kazakhstan Tenge
1 Philippine Peso = 158.00451 Lao Kip
1 Philippine Peso = 28.292 Lebanese Pound
1 Philippine Peso = 2.98572 Sri Lanka Rupee
1 Philippine Peso = 2.74709 Liberian Dollar
1 Philippine Peso = 0.25254 Lesotho Loti
1 Philippine Peso = 0.05728 Lithuanian Lita
1 Philippine Peso = 0.01166 Latvian Lat
1 Philippine Peso = 0.02548 Libyan Dinar
1 Philippine Peso = 0.1786 Moroccan Dirham
1 Philippine Peso = 0.3177 Moldovan Leu
1 Philippine Peso = 0.98891 Macedonian Denar
1 Philippine Peso = 25.98647 Myanmar Kyat
1 Philippine Peso = 45.97896 Mongolian Tugrik
1 Philippine Peso = 0.15183 Macau Pataca
1 Philippine Peso = 6.67042 Mauritania Ougulya
1 Philippine Peso = 0.65295 Mauritius Rupee
1 Philippine Peso = 0.29256 Maldives Rufiyaa
1 Philippine Peso = 13.4053 Malawi Kwacha
1 Philippine Peso = 0.37584 Mexican Peso
1 Philippine Peso = 0.07518 Malaysian Ringgit
1 Philippine Peso = 0.25239 Namibian Dollar
1 Philippine Peso = 6.72679 Nigerian Naira
1 Philippine Peso = 0.59207 Nicaragua Cordoba
1 Philippine Peso = 0.15205 Norwegian Krone
1 Philippine Peso = 2.03401 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01879 Panama Balboa
1 Philippine Peso = 0.06134 Peruvian Nuevo Sol
1 Philippine Peso = 0.0609 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28222 Pakistani Rupee
1 Philippine Peso = 0.06966 Polish Zloty
1 Philippine Peso = 106.55769 Paraguayan Guarani
1 Philippine Peso = 0.06839 Qatar Rial
1 Philippine Peso = 0.07509 Romanian New Leu
1 Philippine Peso = 1.18236 Russian Rouble
1 Philippine Peso = 15.96073 Rwanda Franc
1 Philippine Peso = 0.07046 Saudi Arabian Riyal
1 Philippine Peso = 0.1479 Solomon Islands Dollar
1 Philippine Peso = 0.25235 Seychelles Rupee
1 Philippine Peso = 0.33738 Sudanese Pound
1 Philippine Peso = 0.16635 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01417 St Helena Pound
1 Philippine Peso = 0.41725 Slovak Koruna
1 Philippine Peso = 149.94363 Sierra Leone Leone
1 Philippine Peso = 10.72905 Somali Shilling
1 Philippine Peso = 394.98309 Sao Tome Dobra
1 Philippine Peso = 0.16441 El Salvador Colon
1 Philippine Peso = 9.67644 Syrian Pound
1 Philippine Peso = 0.25202 Swaziland Lilageni
1 Philippine Peso = 0.61856 Thai Baht
1 Philippine Peso = 0.04882 Tunisian Dinar
1 Philippine Peso = 0.04333 Tongan paʻanga
1 Philippine Peso = 0.08786 Turkish Lira
1 Philippine Peso = 0.12682 Trinidad Tobago Dollar
1 Philippine Peso = 0.56924 Taiwan Dollar
1 Philippine Peso = 42.63435 Tanzanian Shilling
1 Philippine Peso = 0.49267 Ukraine Hryvnia
1 Philippine Peso = 72.51597 Ugandan Shilling
1 Philippine Peso = 0.01879 United States Dollar
1 Philippine Peso = 0.59451 Uruguayan New Peso
1 Philippine Peso = 147.50094 Uzbekistan Sum
1 Philippine Peso = 1499.4363 Venezuelan Bolivar
1 Philippine Peso = 430.10147 Vietnam Dong
1 Philippine Peso = 2.07159 Vanuatu Vatu
1 Philippine Peso = 0.0488 Samoa Tala
1 Philippine Peso = 10.56614 CFA Franc (BEAC)
1 Philippine Peso = 0.05073 East Caribbean Dollar
1 Philippine Peso = 10.56614 CFA Franc (BCEAO)
1 Philippine Peso = 1.92165 Pacific Franc
1 Philippine Peso = 4.69466 Yemen Riyal
1 Philippine Peso = 0.25241 South African Rand
1 Philippine Peso = 97.51033 Zambian Kwacha
1 Philippine Peso = 6.80008 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.

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