December 16, 2017, 9:38 am
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1 Philippine Peso = 0.07288 UAE Dirham
1 Philippine Peso = 2.24593 Albanian Lek
1 Philippine Peso = 0.03533 Neth Antilles Guilder
1 Philippine Peso = 0.34712 Argentine Peso
1 Philippine Peso = 0.02593 Australian Dollar
1 Philippine Peso = 0.03533 Aruba Florin
1 Philippine Peso = 0.0397 Barbados Dollar
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1 Philippine Peso = 0.03288 Bulgarian Lev
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1 Philippine Peso = 34.75546 Burundi Franc
1 Philippine Peso = 0.01985 Bermuda Dollar
1 Philippine Peso = 0.02675 Brunei Dollar
1 Philippine Peso = 0.13617 Bolivian Boliviano
1 Philippine Peso = 0.06539 Brazilian Real
1 Philippine Peso = 0.01985 Bahamian Dollar
1 Philippine Peso = 1.2763 Bhutan Ngultrum
1 Philippine Peso = 0.20411 Botswana Pula
1 Philippine Peso = 397.3799 Belarus Ruble
1 Philippine Peso = 0.03965 Belize Dollar
1 Philippine Peso = 0.02552 Canadian Dollar
1 Philippine Peso = 0.01965 Swiss Franc
1 Philippine Peso = 12.62406 Chilean Peso
1 Philippine Peso = 0.13118 Chinese Yuan
1 Philippine Peso = 59.40849 Colombian Peso
1 Philippine Peso = 11.184 Costa Rica Colon
1 Philippine Peso = 0.01985 Cuban Peso
1 Philippine Peso = 1.86245 Cape Verde Escudo
1 Philippine Peso = 0.43364 Czech Koruna
1 Philippine Peso = 3.50992 Djibouti Franc
1 Philippine Peso = 0.12575 Danish Krone
1 Philippine Peso = 0.94204 Dominican Peso
1 Philippine Peso = 2.28011 Algerian Dinar
1 Philippine Peso = 0.26427 Estonian Kroon
1 Philippine Peso = 0.35252 Egyptian Pound
1 Philippine Peso = 0.5391 Ethiopian Birr
1 Philippine Peso = 0.01689 Euro
1 Philippine Peso = 0.04119 Fiji Dollar
1 Philippine Peso = 0.01488 Falkland Islands Pound
1 Philippine Peso = 0.0149 British Pound
1 Philippine Peso = 0.08949 Ghanaian Cedi
1 Philippine Peso = 0.93628 Gambian Dalasi
1 Philippine Peso = 177.61016 Guinea Franc
1 Philippine Peso = 0.14561 Guatemala Quetzal
1 Philippine Peso = 4.01171 Guyana Dollar
1 Philippine Peso = 0.15502 Hong Kong Dollar
1 Philippine Peso = 0.46602 Honduras Lempira
1 Philippine Peso = 0.12717 Croatian Kuna
1 Philippine Peso = 1.24851 Haiti Gourde
1 Philippine Peso = 5.30468 Hungarian Forint
1 Philippine Peso = 269.45216 Indonesian Rupiah
1 Philippine Peso = 0.0697 Israeli Shekel
1 Philippine Peso = 1.27173 Indian Rupee
1 Philippine Peso = 23.50139 Iraqi Dinar
1 Philippine Peso = 706.60975 Iran Rial
1 Philippine Peso = 2.09111 Iceland Krona
1 Philippine Peso = 2.47122 Jamaican Dollar
1 Philippine Peso = 0.01404 Jordanian Dinar
1 Philippine Peso = 2.23456 Japanese Yen
1 Philippine Peso = 2.04347 Kenyan Shilling
1 Philippine Peso = 1.38392 Kyrgyzstan Som
1 Philippine Peso = 79.89281 Cambodia Riel
1 Philippine Peso = 8.1582 Comoros Franc
1 Philippine Peso = 17.86423 North Korean Won
1 Philippine Peso = 21.58495 Korean Won
1 Philippine Peso = 0.00599 Kuwaiti Dinar
1 Philippine Peso = 0.01628 Cayman Islands Dollar
1 Philippine Peso = 6.65919 Kazakhstan Tenge
1 Philippine Peso = 164.78761 Lao Kip
1 Philippine Peso = 29.88289 Lebanese Pound
1 Philippine Peso = 3.0389 Sri Lanka Rupee
1 Philippine Peso = 2.48432 Liberian Dollar
1 Philippine Peso = 0.26141 Lesotho Loti
1 Philippine Peso = 0.06051 Lithuanian Lita
1 Philippine Peso = 0.01232 Latvian Lat
1 Philippine Peso = 0.02704 Libyan Dinar
1 Philippine Peso = 0.1878 Moroccan Dirham
1 Philippine Peso = 0.33869 Moldovan Leu
1 Philippine Peso = 1.03414 Macedonian Denar
1 Philippine Peso = 27.03454 Myanmar Kyat
1 Philippine Peso = 48.15403 Mongolian Tugrik
1 Philippine Peso = 0.15967 Macau Pataca
1 Philippine Peso = 6.9869 Mauritania Ougulya
1 Philippine Peso = 0.67209 Mauritius Rupee
1 Philippine Peso = 0.30905 Maldives Rufiyaa
1 Philippine Peso = 14.16276 Malawi Kwacha
1 Philippine Peso = 0.37963 Mexican Peso
1 Philippine Peso = 0.08094 Malaysian Ringgit
1 Philippine Peso = 0.2608 Namibian Dollar
1 Philippine Peso = 7.10599 Nigerian Naira
1 Philippine Peso = 0.60838 Nicaragua Cordoba
1 Philippine Peso = 0.16635 Norwegian Krone
1 Philippine Peso = 2.03573 Nepalese Rupee
1 Philippine Peso = 0.02839 New Zealand Dollar
1 Philippine Peso = 0.00762 Omani Rial
1 Philippine Peso = 0.01985 Panama Balboa
1 Philippine Peso = 0.06535 Peruvian Nuevo Sol
1 Philippine Peso = 0.06434 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.17745 Pakistani Rupee
1 Philippine Peso = 0.07099 Polish Zloty
1 Philippine Peso = 111.57205 Paraguayan Guarani
1 Philippine Peso = 0.07225 Qatar Rial
1 Philippine Peso = 0.07797 Romanian New Leu
1 Philippine Peso = 1.1679 Russian Rouble
1 Philippine Peso = 16.58892 Rwanda Franc
1 Philippine Peso = 0.07443 Saudi Arabian Riyal
1 Philippine Peso = 0.15358 Solomon Islands Dollar
1 Philippine Peso = 0.26852 Seychelles Rupee
1 Philippine Peso = 0.13219 Sudanese Pound
1 Philippine Peso = 0.16899 Swedish Krona
1 Philippine Peso = 0.02675 Singapore Dollar
1 Philippine Peso = 0.01489 St Helena Pound
1 Philippine Peso = 0.44077 Slovak Koruna
1 Philippine Peso = 151.44898 Sierra Leone Leone
1 Philippine Peso = 11.09567 Somali Shilling
1 Philippine Peso = 413.80507 Sao Tome Dobra
1 Philippine Peso = 0.17368 El Salvador Colon
1 Philippine Peso = 10.22191 Syrian Pound
1 Philippine Peso = 0.26054 Swaziland Lilageni
1 Philippine Peso = 0.6449 Thai Baht
1 Philippine Peso = 0.04961 Tunisian Dinar
1 Philippine Peso = 0.04557 Tongan paʻanga
1 Philippine Peso = 0.07666 Turkish Lira
1 Philippine Peso = 0.13159 Trinidad Tobago Dollar
1 Philippine Peso = 0.5944 Taiwan Dollar
1 Philippine Peso = 44.30329 Tanzanian Shilling
1 Philippine Peso = 0.54875 Ukraine Hryvnia
1 Philippine Peso = 71.55617 Ugandan Shilling
1 Philippine Peso = 0.01985 United States Dollar
1 Philippine Peso = 0.57046 Uruguayan New Peso
1 Philippine Peso = 160.57959 Uzbekistan Sum
1 Philippine Peso = 0.198 Venezuelan Bolivar
1 Philippine Peso = 450.55577 Vietnam Dong
1 Philippine Peso = 2.09845 Vanuatu Vatu
1 Philippine Peso = 0.05144 Samoa Tala
1 Philippine Peso = 11.07165 CFA Franc (BEAC)
1 Philippine Peso = 0.05359 East Caribbean Dollar
1 Philippine Peso = 11.49782 CFA Franc (BCEAO)
1 Philippine Peso = 2.00337 Pacific Franc
1 Philippine Peso = 4.96129 Yemen Riyal
1 Philippine Peso = 0.26079 South African Rand
1 Philippine Peso = 103.00714 Zambian Kwacha
1 Philippine Peso = 7.18341 Zimbabwe dollar

P&G launches MSME program

PROCTER & GAMBLE (P&G) Philippines, in partnership with the Department of Trade and Industry, launched the pilot micro-entrepreneurship development program “Angat Kita” in Mandaluyong City, where around 50 sari-sari (variety) store owners learned about consumer insights, merchandising, pricing, basic bookkeeping, finance and inventory management, among others.

The program aims to help sari-sari store owners realize their full potential to generate income and livelihood by equipping them with knowledge, skill and – if needed – starting capital for their business.

Shankar Viswanathan, P&G Philippines general manager, said the company believes that fostering micro, small and medium enterprises development is prerequisite in achieving and sustaining broad-based socio-economic growth.

“We give them intellectual capital not just financial capital so you can think about how business can be built,” added Viswanathan.

During the training, Daryl del Rosario, P&G Philippines customer insights manager, identified the five top-selling product categories in all sari-sari stores: instant coffee, laundry powder and bar, shampoo and conditioner, snacks and candy, and cold drinks.

These are followed by instant noodles, powdered chocolate drink, powdered milk, powdered juice, fabric conditioner, bath soap, water or ice, seasoning or mix, canned goods, and dishwashing liquid.

Talking about the must-have and optional products a sari-sari store should carry, del Rosario said the store should have a wide assortment of products. The owner can sell the productsin piecemeal ifhe is uncertain whether these are marketable.

According to del Rosario, the storekeeper should scan the products sold by a competitor. This would help him gain more turnover once the identified products in that store are sold out.

“It doesn’t mean that you want to acquire their earnings. As much as possible, you just want to provide other options for your customers, too,” she said.

She noted the owner has to make sure he is selling, at the minimum, the number one brand, and then add the economical and premium brands.

Optional or advanced products are cheese, chocolate, evaporated milk, pasta, sandwich spread, tomato sauce, meal mixes, ready-to-drink milk, rice, and vegetables. While these items are not often sought in the store, the owner can try selling these to test the market.

There are also non-food items such as deodorant, napkin, hair gel, baby powder, shaver, toothbrush, toothpaste, tissue, cologne, etc.

In selecting additional (optional/advanced) items for the store, del Rosario said the owner must consider if the customers need the products, while being mindful of the capital for the additional products.

In managing inventory, Sean Quinto, P&G Philippines customer logistics manager, underscored the importance of knowing which products are easy to sell. To identify the fast- and slow-selling/moving items, he recommended recording the sales of each product regularly.  

“Inventory is the product we keep so we would not run out of products to sell,” he said, noting lost sales if selling is temporarily discontinued, so products must be replenished.

He also said the capital for the sari-sari store is small and limited so it is important to protect the stocks which customers buy regularly. At the same time, he stressed that cash flow is necessary for the retail business.

Quinto pointed out that inventory is “sleeping money,” which means it is not income unless it is purchased. 

To keep track of inventory, one of the methods used is cycle inventory, while safety stock involves having extra inventory to protect from any stock-out. 

Quinto said store owners should likewise be aware of the products’ expiration dates to provide top quality goods, andprotect these from insects, pests and contamination.

“Products should be first-in first-out to sustain the freshness,” he advised, and categorically arranged based on type.

He cited Japan’s workplace organization method which helps a storelook more organized such that theselling is also efficient.This means less effort and more income. 

Store owners also learned aboutsales and profits, credit and money, and all about finance from Kimberly Hung, P&G Philippines finance manager.

According to Hung, cash flow needs to be monitored every dayand an emergency fund must be set aside. “As the sari-sari store owner, you should monitor at what period the money comes in,” she said.

Participants who completed the training were given a starting capital of P2,500 worth of the best and fastest moving items, said Viswanathan, who hopes “Angat Kita” will be rolled out in four other cities in the next months.
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