June 22, 2018, 5:25 am
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1 Philippine Peso = 0.06897 UAE Dirham
1 Philippine Peso = 2.04526 Albanian Lek
1 Philippine Peso = 0.03404 Neth Antilles Guilder
1 Philippine Peso = 0.52113 Argentine Peso
1 Philippine Peso = 0.02544 Australian Dollar
1 Philippine Peso = 0.03343 Aruba Florin
1 Philippine Peso = 0.03756 Barbados Dollar
1 Philippine Peso = 1.57728 Bangladesh Taka
1 Philippine Peso = 0.03184 Bulgarian Lev
1 Philippine Peso = 0.00709 Bahraini Dinar
1 Philippine Peso = 32.88225 Burundi Franc
1 Philippine Peso = 0.01878 Bermuda Dollar
1 Philippine Peso = 0.02522 Brunei Dollar
1 Philippine Peso = 0.12883 Bolivian Boliviano
1 Philippine Peso = 0.07009 Brazilian Real
1 Philippine Peso = 0.01878 Bahamian Dollar
1 Philippine Peso = 1.277 Bhutan Ngultrum
1 Philippine Peso = 0.19573 Botswana Pula
1 Philippine Peso = 375.96244 Belarus Ruble
1 Philippine Peso = 0.03752 Belize Dollar
1 Philippine Peso = 0.02494 Canadian Dollar
1 Philippine Peso = 0.01868 Swiss Franc
1 Philippine Peso = 12.01146 Chilean Peso
1 Philippine Peso = 0.12169 Chinese Yuan
1 Philippine Peso = 54.86948 Colombian Peso
1 Philippine Peso = 10.59718 Costa Rica Colon
1 Philippine Peso = 0.01878 Cuban Peso
1 Philippine Peso = 1.78854 Cape Verde Escudo
1 Philippine Peso = 0.41869 Czech Koruna
1 Philippine Peso = 3.33333 Djibouti Franc
1 Philippine Peso = 0.12088 Danish Krone
1 Philippine Peso = 0.93052 Dominican Peso
1 Philippine Peso = 2.20053 Algerian Dinar
1 Philippine Peso = 0.25367 Estonian Kroon
1 Philippine Peso = 0.33502 Egyptian Pound
1 Philippine Peso = 0.51117 Ethiopian Birr
1 Philippine Peso = 0.01621 Euro
1 Philippine Peso = 0.03897 Fiji Dollar
1 Philippine Peso = 0.01426 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08833 Ghanaian Cedi
1 Philippine Peso = 0.87962 Gambian Dalasi
1 Philippine Peso = 169.05164 Guinea Franc
1 Philippine Peso = 0.14052 Guatemala Quetzal
1 Philippine Peso = 3.88526 Guyana Dollar
1 Philippine Peso = 0.14739 Hong Kong Dollar
1 Philippine Peso = 0.44866 Honduras Lempira
1 Philippine Peso = 0.1197 Croatian Kuna
1 Philippine Peso = 1.23812 Haiti Gourde
1 Philippine Peso = 5.22103 Hungarian Forint
1 Philippine Peso = 261.46479 Indonesian Rupiah
1 Philippine Peso = 0.06819 Israeli Shekel
1 Philippine Peso = 1.27817 Indian Rupee
1 Philippine Peso = 22.23474 Iraqi Dinar
1 Philippine Peso = 796.99531 Iran Rial
1 Philippine Peso = 2.05333 Iceland Krona
1 Philippine Peso = 2.4507 Jamaican Dollar
1 Philippine Peso = 0.01331 Jordanian Dinar
1 Philippine Peso = 2.06607 Japanese Yen
1 Philippine Peso = 1.89577 Kenyan Shilling
1 Philippine Peso = 1.28255 Kyrgyzstan Som
1 Philippine Peso = 75.84601 Cambodia Riel
1 Philippine Peso = 7.92488 Comoros Franc
1 Philippine Peso = 16.90141 North Korean Won
1 Philippine Peso = 20.8492 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.0154 Cayman Islands Dollar
1 Philippine Peso = 6.40488 Kazakhstan Tenge
1 Philippine Peso = 157.33333 Lao Kip
1 Philippine Peso = 28.26291 Lebanese Pound
1 Philippine Peso = 3.00282 Sri Lanka Rupee
1 Philippine Peso = 2.66254 Liberian Dollar
1 Philippine Peso = 0.2584 Lesotho Loti
1 Philippine Peso = 0.05725 Lithuanian Lita
1 Philippine Peso = 0.01165 Latvian Lat
1 Philippine Peso = 0.02546 Libyan Dinar
1 Philippine Peso = 0.17921 Moroccan Dirham
1 Philippine Peso = 0.31576 Moldovan Leu
1 Philippine Peso = 0.99324 Macedonian Denar
1 Philippine Peso = 25.69014 Myanmar Kyat
1 Philippine Peso = 45.33333 Mongolian Tugrik
1 Philippine Peso = 0.15181 Macau Pataca
1 Philippine Peso = 6.66667 Mauritania Ougulya
1 Philippine Peso = 0.65765 Mauritius Rupee
1 Philippine Peso = 0.29239 Maldives Rufiyaa
1 Philippine Peso = 13.39812 Malawi Kwacha
1 Philippine Peso = 0.3853 Mexican Peso
1 Philippine Peso = 0.07515 Malaysian Ringgit
1 Philippine Peso = 0.25797 Namibian Dollar
1 Philippine Peso = 6.74178 Nigerian Naira
1 Philippine Peso = 0.59151 Nicaragua Cordoba
1 Philippine Peso = 0.15379 Norwegian Krone
1 Philippine Peso = 2.0385 Nepalese Rupee
1 Philippine Peso = 0.0272 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01878 Panama Balboa
1 Philippine Peso = 0.06164 Peruvian Nuevo Sol
1 Philippine Peso = 0.06142 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28545 Pakistani Rupee
1 Philippine Peso = 0.06993 Polish Zloty
1 Philippine Peso = 106.70047 Paraguayan Guarani
1 Philippine Peso = 0.06835 Qatar Rial
1 Philippine Peso = 0.07565 Romanian New Leu
1 Philippine Peso = 1.1966 Russian Rouble
1 Philippine Peso = 15.95174 Rwanda Franc
1 Philippine Peso = 0.07042 Saudi Arabian Riyal
1 Philippine Peso = 0.14841 Solomon Islands Dollar
1 Philippine Peso = 0.25277 Seychelles Rupee
1 Philippine Peso = 0.33719 Sudanese Pound
1 Philippine Peso = 0.16718 Swedish Krona
1 Philippine Peso = 0.02548 Singapore Dollar
1 Philippine Peso = 0.01426 St Helena Pound
1 Philippine Peso = 0.41701 Slovak Koruna
1 Philippine Peso = 149.29577 Sierra Leone Leone
1 Philippine Peso = 10.57277 Somali Shilling
1 Philippine Peso = 397.4216 Sao Tome Dobra
1 Philippine Peso = 0.16432 El Salvador Colon
1 Philippine Peso = 9.67099 Syrian Pound
1 Philippine Peso = 0.25817 Swaziland Lilageni
1 Philippine Peso = 0.61446 Thai Baht
1 Philippine Peso = 0.04845 Tunisian Dinar
1 Philippine Peso = 0.04326 Tongan paʻanga
1 Philippine Peso = 0.08905 Turkish Lira
1 Philippine Peso = 0.12487 Trinidad Tobago Dollar
1 Philippine Peso = 0.56648 Taiwan Dollar
1 Philippine Peso = 42.59155 Tanzanian Shilling
1 Philippine Peso = 0.49596 Ukraine Hryvnia
1 Philippine Peso = 72.33803 Ugandan Shilling
1 Philippine Peso = 0.01878 United States Dollar
1 Philippine Peso = 0.59211 Uruguayan New Peso
1 Philippine Peso = 147.69953 Uzbekistan Sum
1 Philippine Peso = 1498.59155 Venezuelan Bolivar
1 Philippine Peso = 429.12676 Vietnam Dong
1 Philippine Peso = 2.02911 Vanuatu Vatu
1 Philippine Peso = 0.04869 Samoa Tala
1 Philippine Peso = 10.62592 CFA Franc (BEAC)
1 Philippine Peso = 0.0507 East Caribbean Dollar
1 Philippine Peso = 10.62592 CFA Franc (BCEAO)
1 Philippine Peso = 1.92432 Pacific Franc
1 Philippine Peso = 4.69202 Yemen Riyal
1 Philippine Peso = 0.25823 South African Rand
1 Philippine Peso = 97.4554 Zambian Kwacha
1 Philippine Peso = 6.79624 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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