December 13, 2017, 7:36 am
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1 Philippine Peso = 0.07286 UAE Dirham
1 Philippine Peso = 2.2371 Albanian Lek
1 Philippine Peso = 0.03532 Neth Antilles Guilder
1 Philippine Peso = 0.34185 Argentine Peso
1 Philippine Peso = 0.02619 Australian Dollar
1 Philippine Peso = 0.03532 Aruba Florin
1 Philippine Peso = 0.03968 Barbados Dollar
1 Philippine Peso = 1.64127 Bangladesh Taka
1 Philippine Peso = 0.0329 Bulgarian Lev
1 Philippine Peso = 0.00748 Bahraini Dinar
1 Philippine Peso = 34.73174 Burundi Franc
1 Philippine Peso = 0.01984 Bermuda Dollar
1 Philippine Peso = 0.0268 Brunei Dollar
1 Philippine Peso = 0.13611 Bolivian Boliviano
1 Philippine Peso = 0.06556 Brazilian Real
1 Philippine Peso = 0.01984 Bahamian Dollar
1 Philippine Peso = 1.27679 Bhutan Ngultrum
1 Philippine Peso = 0.20509 Botswana Pula
1 Philippine Peso = 397.22221 Belarus Ruble
1 Philippine Peso = 0.03964 Belize Dollar
1 Philippine Peso = 0.02545 Canadian Dollar
1 Philippine Peso = 0.01965 Swiss Franc
1 Philippine Peso = 13.01091 Chilean Peso
1 Philippine Peso = 0.13129 Chinese Yuan
1 Philippine Peso = 59.76786 Colombian Peso
1 Philippine Peso = 11.15079 Costa Rica Colon
1 Philippine Peso = 0.01984 Cuban Peso
1 Philippine Peso = 1.85774 Cape Verde Escudo
1 Philippine Peso = 0.43159 Czech Koruna
1 Philippine Peso = 3.50853 Djibouti Franc
1 Philippine Peso = 0.12539 Danish Krone
1 Philippine Peso = 0.95833 Dominican Peso
1 Philippine Peso = 2.2829 Algerian Dinar
1 Philippine Peso = 0.26354 Estonian Kroon
1 Philippine Peso = 0.35337 Egyptian Pound
1 Philippine Peso = 0.53936 Ethiopian Birr
1 Philippine Peso = 0.01684 Euro
1 Philippine Peso = 0.04169 Fiji Dollar
1 Philippine Peso = 0.01486 Falkland Islands Pound
1 Philippine Peso = 0.01487 British Pound
1 Philippine Peso = 0.08926 Ghanaian Cedi
1 Philippine Peso = 0.93552 Gambian Dalasi
1 Philippine Peso = 178.63095 Guinea Franc
1 Philippine Peso = 0.14558 Guatemala Quetzal
1 Philippine Peso = 4.02202 Guyana Dollar
1 Philippine Peso = 0.1549 Hong Kong Dollar
1 Philippine Peso = 0.46552 Honduras Lempira
1 Philippine Peso = 0.12694 Croatian Kuna
1 Philippine Peso = 1.24167 Haiti Gourde
1 Philippine Peso = 5.29563 Hungarian Forint
1 Philippine Peso = 269.1865 Indonesian Rupiah
1 Philippine Peso = 0.07009 Israeli Shekel
1 Philippine Peso = 1.27806 Indian Rupee
1 Philippine Peso = 23.49306 Iraqi Dinar
1 Philippine Peso = 705.13886 Iran Rial
1 Philippine Peso = 2.06944 Iceland Krona
1 Philippine Peso = 2.47282 Jamaican Dollar
1 Philippine Peso = 0.01405 Jordanian Dinar
1 Philippine Peso = 2.25091 Japanese Yen
1 Philippine Peso = 2.04067 Kenyan Shilling
1 Philippine Peso = 1.38333 Kyrgyzstan Som
1 Philippine Peso = 79.98016 Cambodia Riel
1 Philippine Peso = 8.15476 Comoros Franc
1 Philippine Peso = 17.85714 North Korean Won
1 Philippine Peso = 21.5879 Korean Won
1 Philippine Peso = 0.00599 Kuwaiti Dinar
1 Philippine Peso = 0.01627 Cayman Islands Dollar
1 Philippine Peso = 6.64028 Kazakhstan Tenge
1 Philippine Peso = 164.68253 Lao Kip
1 Philippine Peso = 29.98016 Lebanese Pound
1 Philippine Peso = 3.0371 Sri Lanka Rupee
1 Philippine Peso = 2.48373 Liberian Dollar
1 Philippine Peso = 0.26984 Lesotho Loti
1 Philippine Peso = 0.06049 Lithuanian Lita
1 Philippine Peso = 0.01231 Latvian Lat
1 Philippine Peso = 0.02708 Libyan Dinar
1 Philippine Peso = 0.18758 Moroccan Dirham
1 Philippine Peso = 0.34038 Moldovan Leu
1 Philippine Peso = 1.03175 Macedonian Denar
1 Philippine Peso = 27.00397 Myanmar Kyat
1 Philippine Peso = 48.25754 Mongolian Tugrik
1 Philippine Peso = 0.15954 Macau Pataca
1 Philippine Peso = 6.97619 Mauritania Ougulya
1 Philippine Peso = 0.67083 Mauritius Rupee
1 Philippine Peso = 0.30893 Maldives Rufiyaa
1 Philippine Peso = 14.20853 Malawi Kwacha
1 Philippine Peso = 0.37825 Mexican Peso
1 Philippine Peso = 0.08082 Malaysian Ringgit
1 Philippine Peso = 0.26978 Namibian Dollar
1 Philippine Peso = 7.06349 Nigerian Naira
1 Philippine Peso = 0.60937 Nicaragua Cordoba
1 Philippine Peso = 0.16524 Norwegian Krone
1 Philippine Peso = 2.0454 Nepalese Rupee
1 Philippine Peso = 0.02854 New Zealand Dollar
1 Philippine Peso = 0.00763 Omani Rial
1 Philippine Peso = 0.01984 Panama Balboa
1 Philippine Peso = 0.06416 Peruvian Nuevo Sol
1 Philippine Peso = 0.06375 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.16171 Pakistani Rupee
1 Philippine Peso = 0.07086 Polish Zloty
1 Philippine Peso = 111.49603 Paraguayan Guarani
1 Philippine Peso = 0.07223 Qatar Rial
1 Philippine Peso = 0.07805 Romanian New Leu
1 Philippine Peso = 1.16704 Russian Rouble
1 Philippine Peso = 16.57698 Rwanda Franc
1 Philippine Peso = 0.0744 Saudi Arabian Riyal
1 Philippine Peso = 0.15376 Solomon Islands Dollar
1 Philippine Peso = 0.26488 Seychelles Rupee
1 Philippine Peso = 0.13228 Sudanese Pound
1 Philippine Peso = 0.16689 Swedish Krona
1 Philippine Peso = 0.02681 Singapore Dollar
1 Philippine Peso = 0.01487 St Helena Pound
1 Philippine Peso = 0.4406 Slovak Koruna
1 Philippine Peso = 151.38888 Sierra Leone Leone
1 Philippine Peso = 11.05159 Somali Shilling
1 Philippine Peso = 412.7976 Sao Tome Dobra
1 Philippine Peso = 0.17361 El Salvador Colon
1 Philippine Peso = 10.21786 Syrian Pound
1 Philippine Peso = 0.26978 Swaziland Lilageni
1 Philippine Peso = 0.64663 Thai Baht
1 Philippine Peso = 0.0499 Tunisian Dinar
1 Philippine Peso = 0.04555 Tongan paʻanga
1 Philippine Peso = 0.07593 Turkish Lira
1 Philippine Peso = 0.13154 Trinidad Tobago Dollar
1 Philippine Peso = 0.59567 Taiwan Dollar
1 Philippine Peso = 44.30555 Tanzanian Shilling
1 Philippine Peso = 0.53914 Ukraine Hryvnia
1 Philippine Peso = 71.66666 Ugandan Shilling
1 Philippine Peso = 0.01984 United States Dollar
1 Philippine Peso = 0.57401 Uruguayan New Peso
1 Philippine Peso = 160.53571 Uzbekistan Sum
1 Philippine Peso = 0.19792 Venezuelan Bolivar
1 Philippine Peso = 450.57538 Vietnam Dong
1 Philippine Peso = 2.11786 Vanuatu Vatu
1 Philippine Peso = 0.05142 Samoa Tala
1 Philippine Peso = 11.04186 CFA Franc (BEAC)
1 Philippine Peso = 0.05357 East Caribbean Dollar
1 Philippine Peso = 11.51528 CFA Franc (BCEAO)
1 Philippine Peso = 1.99881 Pacific Franc
1 Philippine Peso = 4.95933 Yemen Riyal
1 Philippine Peso = 0.26986 South African Rand
1 Philippine Peso = 102.96627 Zambian Kwacha
1 Philippine Peso = 7.18056 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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Column of the Day

Unhealthy foods

By PHILIP S. CHUA | December 13,2017
‘Hazardous to our health: Refined sugars, artificial sugars, processed meats/vegetables/fruits, etc., potato chips, and soft drinks of any kind.’

Opinion of the Day

Special Science & Nature City of the Philippines

By DAHLI ASPILLERA | December 13, 2017
‘1982--The 1st Science Community. Easily, the choice was Los Baños. Over the years, Los Baños and UPLB were consistent in producing research and development (R&D) outputs of service to the community. --DOST Secretary Dr. Fortunato Tanseco de la Peña.’