April 27, 2018, 1:43 am
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1 Philippine Peso = 0.07067 UAE Dirham
1 Philippine Peso = 2.04214 Albanian Lek
1 Philippine Peso = 0.03425 Neth Antilles Guilder
1 Philippine Peso = 0.39475 Argentine Peso
1 Philippine Peso = 0.02545 Australian Dollar
1 Philippine Peso = 0.03425 Aruba Florin
1 Philippine Peso = 0.03848 Barbados Dollar
1 Philippine Peso = 1.61997 Bangladesh Taka
1 Philippine Peso = 0.03093 Bulgarian Lev
1 Philippine Peso = 0.00725 Bahraini Dinar
1 Philippine Peso = 33.69213 Burundi Franc
1 Philippine Peso = 0.01924 Bermuda Dollar
1 Philippine Peso = 0.02511 Brunei Dollar
1 Philippine Peso = 0.13181 Bolivian Boliviano
1 Philippine Peso = 0.06731 Brazilian Real
1 Philippine Peso = 0.01924 Bahamian Dollar
1 Philippine Peso = 1.27622 Bhutan Ngultrum
1 Philippine Peso = 0.18873 Botswana Pula
1 Philippine Peso = 385.22224 Belarus Ruble
1 Philippine Peso = 0.03844 Belize Dollar
1 Philippine Peso = 0.02475 Canadian Dollar
1 Philippine Peso = 0.01901 Swiss Franc
1 Philippine Peso = 11.59746 Chilean Peso
1 Philippine Peso = 0.12188 Chinese Yuan
1 Philippine Peso = 54.13893 Colombian Peso
1 Philippine Peso = 10.81297 Costa Rica Colon
1 Philippine Peso = 0.01924 Cuban Peso
1 Philippine Peso = 1.75101 Cape Verde Escudo
1 Philippine Peso = 0.40451 Czech Koruna
1 Philippine Peso = 3.40254 Djibouti Franc
1 Philippine Peso = 0.11828 Danish Krone
1 Philippine Peso = 0.95228 Dominican Peso
1 Philippine Peso = 2.20275 Algerian Dinar
1 Philippine Peso = 0.24835 Estonian Kroon
1 Philippine Peso = 0.33981 Egyptian Pound
1 Philippine Peso = 0.52376 Ethiopian Birr
1 Philippine Peso = 0.01587 Euro
1 Philippine Peso = 0.03935 Fiji Dollar
1 Philippine Peso = 0.01378 Falkland Islands Pound
1 Philippine Peso = 0.01381 British Pound
1 Philippine Peso = 0.08579 Ghanaian Cedi
1 Philippine Peso = 0.89994 Gambian Dalasi
1 Philippine Peso = 173.19607 Guinea Franc
1 Philippine Peso = 0.14116 Guatemala Quetzal
1 Philippine Peso = 3.98422 Guyana Dollar
1 Philippine Peso = 0.15097 Hong Kong Dollar
1 Philippine Peso = 0.45338 Honduras Lempira
1 Philippine Peso = 0.11771 Croatian Kuna
1 Philippine Peso = 1.2411 Haiti Gourde
1 Philippine Peso = 4.96671 Hungarian Forint
1 Philippine Peso = 267.13488 Indonesian Rupiah
1 Philippine Peso = 0.06892 Israeli Shekel
1 Philippine Peso = 1.28763 Indian Rupee
1 Philippine Peso = 22.78237 Iraqi Dinar
1 Philippine Peso = 808.15854 Iran Rial
1 Philippine Peso = 1.95209 Iceland Krona
1 Philippine Peso = 2.37271 Jamaican Dollar
1 Philippine Peso = 0.01363 Jordanian Dinar
1 Philippine Peso = 2.10216 Japanese Yen
1 Philippine Peso = 1.92419 Kenyan Shilling
1 Philippine Peso = 1.32033 Kyrgyzstan Som
1 Philippine Peso = 77.1599 Cambodia Riel
1 Philippine Peso = 7.74909 Comoros Franc
1 Philippine Peso = 17.31768 North Korean Won
1 Philippine Peso = 20.73446 Korean Won
1 Philippine Peso = 0.00578 Kuwaiti Dinar
1 Philippine Peso = 0.01578 Cayman Islands Dollar
1 Philippine Peso = 6.31441 Kazakhstan Tenge
1 Philippine Peso = 159.45738 Lao Kip
1 Philippine Peso = 28.95901 Lebanese Pound
1 Philippine Peso = 3.03079 Sri Lanka Rupee
1 Philippine Peso = 2.52088 Liberian Dollar
1 Philippine Peso = 0.23908 Lesotho Loti
1 Philippine Peso = 0.05866 Lithuanian Lita
1 Philippine Peso = 0.01194 Latvian Lat
1 Philippine Peso = 0.02571 Libyan Dinar
1 Philippine Peso = 0.17834 Moroccan Dirham
1 Philippine Peso = 0.3172 Moldovan Leu
1 Philippine Peso = 0.97229 Macedonian Denar
1 Philippine Peso = 25.57245 Myanmar Kyat
1 Philippine Peso = 45.98807 Mongolian Tugrik
1 Philippine Peso = 0.15549 Macau Pataca
1 Philippine Peso = 6.79238 Mauritania Ougulya
1 Philippine Peso = 0.64845 Mauritius Rupee
1 Philippine Peso = 0.2996 Maldives Rufiyaa
1 Philippine Peso = 13.77275 Malawi Kwacha
1 Philippine Peso = 0.36266 Mexican Peso
1 Philippine Peso = 0.07533 Malaysian Ringgit
1 Philippine Peso = 0.239 Namibian Dollar
1 Philippine Peso = 6.90783 Nigerian Naira
1 Philippine Peso = 0.5965 Nicaragua Cordoba
1 Philippine Peso = 0.15376 Norwegian Krone
1 Philippine Peso = 2.05118 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.0074 Omani Rial
1 Philippine Peso = 0.01924 Panama Balboa
1 Philippine Peso = 0.06226 Peruvian Nuevo Sol
1 Philippine Peso = 0.06253 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.22244 Pakistani Rupee
1 Philippine Peso = 0.06713 Polish Zloty
1 Philippine Peso = 106.81739 Paraguayan Guarani
1 Philippine Peso = 0.07004 Qatar Rial
1 Philippine Peso = 0.07398 Romanian New Leu
1 Philippine Peso = 1.20728 Russian Rouble
1 Philippine Peso = 16.27497 Rwanda Franc
1 Philippine Peso = 0.07215 Saudi Arabian Riyal
1 Philippine Peso = 0.15075 Solomon Islands Dollar
1 Philippine Peso = 0.25842 Seychelles Rupee
1 Philippine Peso = 0.34734 Sudanese Pound
1 Philippine Peso = 0.1666 Swedish Krona
1 Philippine Peso = 0.02553 Singapore Dollar
1 Philippine Peso = 0.01378 St Helena Pound
1 Philippine Peso = 0.42728 Slovak Koruna
1 Philippine Peso = 150.08659 Sierra Leone Leone
1 Philippine Peso = 10.83317 Somali Shilling
1 Philippine Peso = 389.09177 Sao Tome Dobra
1 Philippine Peso = 0.16837 El Salvador Colon
1 Philippine Peso = 9.90918 Syrian Pound
1 Philippine Peso = 0.23902 Swaziland Lilageni
1 Philippine Peso = 0.60785 Thai Baht
1 Philippine Peso = 0.04673 Tunisian Dinar
1 Philippine Peso = 0.04257 Tongan paʻanga
1 Philippine Peso = 0.07818 Turkish Lira
1 Philippine Peso = 0.13 Trinidad Tobago Dollar
1 Philippine Peso = 0.57066 Taiwan Dollar
1 Philippine Peso = 43.7945 Tanzanian Shilling
1 Philippine Peso = 0.50356 Ukraine Hryvnia
1 Philippine Peso = 71.29113 Ugandan Shilling
1 Philippine Peso = 0.01924 United States Dollar
1 Philippine Peso = 0.54531 Uruguayan New Peso
1 Philippine Peso = 155.05099 Uzbekistan Sum
1 Philippine Peso = 1284.77966 Venezuelan Bolivar
1 Philippine Peso = 438.02193 Vietnam Dong
1 Philippine Peso = 2.04753 Vanuatu Vatu
1 Philippine Peso = 0.04934 Samoa Tala
1 Philippine Peso = 10.40485 CFA Franc (BEAC)
1 Philippine Peso = 0.05195 East Caribbean Dollar
1 Philippine Peso = 10.40485 CFA Franc (BCEAO)
1 Philippine Peso = 1.88359 Pacific Franc
1 Philippine Peso = 4.80854 Yemen Riyal
1 Philippine Peso = 0.23908 South African Rand
1 Philippine Peso = 99.85568 Zambian Kwacha
1 Philippine Peso = 6.96363 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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