January 19, 2018, 3:22 am
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1 Philippine Peso = 0.07263 UAE Dirham
1 Philippine Peso = 2.14992 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.37318 Argentine Peso
1 Philippine Peso = 0.02474 Australian Dollar
1 Philippine Peso = 0.03521 Aruba Florin
1 Philippine Peso = 0.03956 Barbados Dollar
1 Philippine Peso = 1.63687 Bangladesh Taka
1 Philippine Peso = 0.03163 Bulgarian Lev
1 Philippine Peso = 0.00745 Bahraini Dinar
1 Philippine Peso = 34.63172 Burundi Franc
1 Philippine Peso = 0.01978 Bermuda Dollar
1 Philippine Peso = 0.02627 Brunei Dollar
1 Philippine Peso = 0.13568 Bolivian Boliviano
1 Philippine Peso = 0.06382 Brazilian Real
1 Philippine Peso = 0.01978 Bahamian Dollar
1 Philippine Peso = 1.25445 Bhutan Ngultrum
1 Philippine Peso = 0.19324 Botswana Pula
1 Philippine Peso = 395.96518 Belarus Ruble
1 Philippine Peso = 0.03951 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01896 Swiss Franc
1 Philippine Peso = 11.96895 Chilean Peso
1 Philippine Peso = 0.12736 Chinese Yuan
1 Philippine Peso = 56.62579 Colombian Peso
1 Philippine Peso = 11.15506 Costa Rica Colon
1 Philippine Peso = 0.01978 Cuban Peso
1 Philippine Peso = 1.77275 Cape Verde Escudo
1 Philippine Peso = 0.40883 Czech Koruna
1 Philippine Peso = 3.49743 Djibouti Franc
1 Philippine Peso = 0.1197 Danish Krone
1 Philippine Peso = 0.95886 Dominican Peso
1 Philippine Peso = 2.24462 Algerian Dinar
1 Philippine Peso = 0.25141 Estonian Kroon
1 Philippine Peso = 0.34978 Egyptian Pound
1 Philippine Peso = 0.53817 Ethiopian Birr
1 Philippine Peso = 0.01607 Euro
1 Philippine Peso = 0.03956 Fiji Dollar
1 Philippine Peso = 0.01433 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08957 Ghanaian Cedi
1 Philippine Peso = 0.9371 Gambian Dalasi
1 Philippine Peso = 177.94699 Guinea Franc
1 Philippine Peso = 0.14509 Guatemala Quetzal
1 Philippine Peso = 4.07219 Guyana Dollar
1 Philippine Peso = 0.15475 Hong Kong Dollar
1 Philippine Peso = 0.46509 Honduras Lempira
1 Philippine Peso = 0.11922 Croatian Kuna
1 Philippine Peso = 1.25771 Haiti Gourde
1 Philippine Peso = 4.9644 Hungarian Forint
1 Philippine Peso = 263.35047 Indonesian Rupiah
1 Philippine Peso = 0.06775 Israeli Shekel
1 Philippine Peso = 1.266 Indian Rupee
1 Philippine Peso = 23.41772 Iraqi Dinar
1 Philippine Peso = 723.08147 Iran Rial
1 Philippine Peso = 2.02255 Iceland Krona
1 Philippine Peso = 2.43928 Jamaican Dollar
1 Philippine Peso = 0.01399 Jordanian Dinar
1 Philippine Peso = 2.18216 Japanese Yen
1 Philippine Peso = 2.03224 Kenyan Shilling
1 Philippine Peso = 1.37189 Kyrgyzstan Som
1 Philippine Peso = 79.26622 Cambodia Riel
1 Philippine Peso = 8.12896 Comoros Franc
1 Philippine Peso = 17.80063 North Korean Won
1 Philippine Peso = 21.02452 Korean Won
1 Philippine Peso = 0.00594 Kuwaiti Dinar
1 Philippine Peso = 0.01622 Cayman Islands Dollar
1 Philippine Peso = 6.47765 Kazakhstan Tenge
1 Philippine Peso = 163.7856 Lao Kip
1 Philippine Peso = 29.88528 Lebanese Pound
1 Philippine Peso = 3.04292 Sri Lanka Rupee
1 Philippine Peso = 2.5093 Liberian Dollar
1 Philippine Peso = 0.24248 Lesotho Loti
1 Philippine Peso = 0.0603 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02646 Libyan Dinar
1 Philippine Peso = 0.18183 Moroccan Dirham
1 Philippine Peso = 0.33356 Moldovan Leu
1 Philippine Peso = 0.98418 Macedonian Denar
1 Philippine Peso = 26.46361 Myanmar Kyat
1 Philippine Peso = 47.8837 Mongolian Tugrik
1 Philippine Peso = 0.1593 Macau Pataca
1 Philippine Peso = 6.96203 Mauritania Ougulya
1 Philippine Peso = 0.64676 Mauritius Rupee
1 Philippine Peso = 0.30795 Maldives Rufiyaa
1 Philippine Peso = 14.11195 Malawi Kwacha
1 Philippine Peso = 0.37086 Mexican Peso
1 Philippine Peso = 0.07803 Malaysian Ringgit
1 Philippine Peso = 0.24161 Namibian Dollar
1 Philippine Peso = 7.0807 Nigerian Naira
1 Philippine Peso = 0.6072 Nicaragua Cordoba
1 Philippine Peso = 0.15518 Norwegian Krone
1 Philippine Peso = 2.0265 Nepalese Rupee
1 Philippine Peso = 0.02715 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01978 Panama Balboa
1 Philippine Peso = 0.06341 Peruvian Nuevo Sol
1 Philippine Peso = 0.0624 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.18473 Pakistani Rupee
1 Philippine Peso = 0.06706 Polish Zloty
1 Philippine Peso = 110.52215 Paraguayan Guarani
1 Philippine Peso = 0.07202 Qatar Rial
1 Philippine Peso = 0.07488 Romanian New Leu
1 Philippine Peso = 1.11739 Russian Rouble
1 Philippine Peso = 16.52987 Rwanda Franc
1 Philippine Peso = 0.07417 Saudi Arabian Riyal
1 Philippine Peso = 0.15387 Solomon Islands Dollar
1 Philippine Peso = 0.26503 Seychelles Rupee
1 Philippine Peso = 0.13841 Sudanese Pound
1 Philippine Peso = 0.15847 Swedish Krona
1 Philippine Peso = 0.02609 Singapore Dollar
1 Philippine Peso = 0.01433 St Helena Pound
1 Philippine Peso = 0.4392 Slovak Koruna
1 Philippine Peso = 150.90981 Sierra Leone Leone
1 Philippine Peso = 10.85839 Somali Shilling
1 Philippine Peso = 393.89636 Sao Tome Dobra
1 Philippine Peso = 0.17306 El Salvador Colon
1 Philippine Peso = 10.18552 Syrian Pound
1 Philippine Peso = 0.24175 Swaziland Lilageni
1 Philippine Peso = 0.63054 Thai Baht
1 Philippine Peso = 0.04769 Tunisian Dinar
1 Philippine Peso = 0.04409 Tongan paʻanga
1 Philippine Peso = 0.07507 Turkish Lira
1 Philippine Peso = 0.13281 Trinidad Tobago Dollar
1 Philippine Peso = 0.5839 Taiwan Dollar
1 Philippine Peso = 44.34335 Tanzanian Shilling
1 Philippine Peso = 0.56547 Ukraine Hryvnia
1 Philippine Peso = 71.79588 Ugandan Shilling
1 Philippine Peso = 0.01978 United States Dollar
1 Philippine Peso = 0.56468 Uruguayan New Peso
1 Philippine Peso = 160.81883 Uzbekistan Sum
1 Philippine Peso = 0.19729 Venezuelan Bolivar
1 Philippine Peso = 449.14952 Vietnam Dong
1 Philippine Peso = 2.0449 Vanuatu Vatu
1 Philippine Peso = 0.04966 Samoa Tala
1 Philippine Peso = 10.5352 CFA Franc (BEAC)
1 Philippine Peso = 0.0534 East Caribbean Dollar
1 Philippine Peso = 10.5352 CFA Franc (BCEAO)
1 Philippine Peso = 1.90645 Pacific Franc
1 Philippine Peso = 4.94363 Yemen Riyal
1 Philippine Peso = 0.24183 South African Rand
1 Philippine Peso = 102.64043 Zambian Kwacha
1 Philippine Peso = 7.15783 Zimbabwe dollar

2018 could be ‘a frothy, frustrated year’

By Quentin Webb

HONG KONG- There is plenty of discord and uncertainty as US President Donald Trump’s second year starts. Yet money is cheap, the global economy is motoring, and markets are ebullient. That combustible mixture could be called “froth and frustration.” How this ironic social contrast, worthy of Jane Austen, resolves itself will be key for 2018.

Ten years after Lehman Brothers imploded, the bulls are ascendant. A single Hong Kong skyscraper recently fetched $5.2 billion and an imperfect Leonardo da Vinci sold for $450 million. 

With huge run-ups at tech giants such as Apple and Tencent, global stocks added roughly $13 trillion in value from in the first 11 months of 2017. Bitcoin prices shot for the heavens. Yield-chasers gorged on debut bonds from Tajikistan and the Maldives, and 100-year debt from serial defaulter Argentina.

This is not all hot air. A world recovery is gathering steam: the World Bank reckons global growth will hit 2.9 percent in 2018. The last time expansion was faster, China was splurging on bridges, roads and airports, effectively underwriting a rebound from the financial crisis. 

Meanwhile, central banks have barely begun to lift interest rates or sell assets. And online behemoths such as Alibaba and Alphabet keep growing and churning out fat profits.

Investors appear to be taking the same mercenary view as one of Austen’s characters: “A large income is the best recipe for happiness.” Yet things look less reassuring close up.

The populist anger that enabled Trump and Brexit is still simmering, fuelled by inequality, disruption, immigration and the echo chambers of social media. An unpredictable America is no longer committed to advancing a rules-based, liberal world order. China is growing increasingly assertive under President Xi Jinping, while Saudi Crown Prince Mohammed bin Salman is flexing his muscles around the Gulf. 

The risk of a conflagration on the Korean peninsula is all too real. Business is grappling with self-inflicted scandals and activist attacks, and a backlash is building against Big Tech’s overweening power.

That is the backdrop for Predictions 2018. It is a truth universally acknowledged – to draw from Austen again – that forecasting is hard work. But it’s nonetheless a useful exercise, at the very least giving readers a way to frame the big debates ahead intellectually, and perhaps profitably.

This year, we are positive on global growth – provided Trump and Xi don’t somehow spoil the party. Midterm US elections could have serious investment implications, with radical candidates edging out compromisers, as could a populist resurgence in Latin America.

The bull market need not end badly, although bitcoin could prove a total wipeout – and several other possible triggers for trouble, like blow-ups in exchange-traded funds or hedge funds, bear watching. 

Perhaps the biggest financial shift will be at central banks. Markets must adjust to increasingly tight policy at the US Federal Reserve under new Chair Jerome Powell. And for the first time in years, rich-world bond issuance will outstrip buying by the Fed and friends. Much like the modern additions to the Austen canon in “Pride and Prejudice and Zombies,” bond vigilantes will rise from the dead.

The executive suite will see sustained pressure from many sides. Big miners will have to ape buyout shops. One of Wall Street’s titans will bow out. Passive funds will, despite their name, dethrone a chief executive. Activists could make an ugly scene in luxury. In India, the long reign of “promoter” tycoons is, mercifully, nearing its twilight. And corporate America will need to rethink attitudes to diversity and sexual harassment in the wake of recent revelations. But that should catalyse positive change, just as a spate of quality-control crises ought to force Japanese bosses to become more competitive. - Reuters

In tech, investors can consider a tasty new dish: SLAW, for Spotify, Lyft, Airbnb and WeWork, four prospective candidates for public life. Europe’s electric cars will catch up with gas guzzlers in cost terms. And super-fast 5G mobile broadband, on show at the Winter Olympics and the World Cup, will demonstrate China’s hunger for technological leadership.

Among tech’s giants, Apple’s position as a privacy-sensitive hardware specialist will give it some shelter from mounting anger at Silicon Valley’s power and lack of accountability. Amazon could win friends by choosing a deserving location for its second headquarters. The sun will begin to set on US tech’s feudal approach to corporate governance. But Chinese startups could push Hong Kong the other way, while it also bends over backwards to accommodate Saudi Aramco.

Not all of these prognostications will materialize. Last year, among other things, we anticipated India’s banking bailout, argued Beijing would offer Trump more carrot than stick, and correctly highlighted the difficulties Uber and Aramco faced in going public. Our biggest mistake was overestimating the pace of change in Trump’s America, which meant we braced for a stronger dollar, a flood of repatriated cash and an infrastructure bonanza.

With those caveats, we hope this will be an enjoyable and thought-provoking read. – Reuters 
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