May 24, 2018, 1:24 pm
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1 Philippine Peso = 0.07022 UAE Dirham
1 Philippine Peso = 2.04971 Albanian Lek
1 Philippine Peso = 0.03427 Neth Antilles Guilder
1 Philippine Peso = 0.46553 Argentine Peso
1 Philippine Peso = 0.02521 Australian Dollar
1 Philippine Peso = 0.03403 Aruba Florin
1 Philippine Peso = 0.03824 Barbados Dollar
1 Philippine Peso = 1.6174 Bangladesh Taka
1 Philippine Peso = 0.0318 Bulgarian Lev
1 Philippine Peso = 0.00722 Bahraini Dinar
1 Philippine Peso = 33.47954 Burundi Franc
1 Philippine Peso = 0.01912 Bermuda Dollar
1 Philippine Peso = 0.02536 Brunei Dollar
1 Philippine Peso = 0.13117 Bolivian Boliviano
1 Philippine Peso = 0.07028 Brazilian Real
1 Philippine Peso = 0.01912 Bahamian Dollar
1 Philippine Peso = 1.30067 Bhutan Ngultrum
1 Philippine Peso = 0.19226 Botswana Pula
1 Philippine Peso = 382.79159 Belarus Ruble
1 Philippine Peso = 0.0382 Belize Dollar
1 Philippine Peso = 0.02445 Canadian Dollar
1 Philippine Peso = 0.01907 Swiss Franc
1 Philippine Peso = 12.17151 Chilean Peso
1 Philippine Peso = 0.12202 Chinese Yuan
1 Philippine Peso = 54.9522 Colombian Peso
1 Philippine Peso = 10.70612 Costa Rica Colon
1 Philippine Peso = 0.01912 Cuban Peso
1 Philippine Peso = 1.78834 Cape Verde Escudo
1 Philippine Peso = 0.41644 Czech Koruna
1 Philippine Peso = 3.3891 Djibouti Franc
1 Philippine Peso = 0.12076 Danish Krone
1 Philippine Peso = 0.94646 Dominican Peso
1 Philippine Peso = 2.21398 Algerian Dinar
1 Philippine Peso = 0.25367 Estonian Kroon
1 Philippine Peso = 0.34149 Egyptian Pound
1 Philippine Peso = 0.52008 Ethiopian Birr
1 Philippine Peso = 0.01621 Euro
1 Philippine Peso = 0.03927 Fiji Dollar
1 Philippine Peso = 0.01423 Falkland Islands Pound
1 Philippine Peso = 0.01423 British Pound
1 Philippine Peso = 0.08859 Ghanaian Cedi
1 Philippine Peso = 0.89503 Gambian Dalasi
1 Philippine Peso = 172.06501 Guinea Franc
1 Philippine Peso = 0.14027 Guatemala Quetzal
1 Philippine Peso = 3.93289 Guyana Dollar
1 Philippine Peso = 0.15004 Hong Kong Dollar
1 Philippine Peso = 0.45428 Honduras Lempira
1 Philippine Peso = 0.11999 Croatian Kuna
1 Philippine Peso = 1.19751 Haiti Gourde
1 Philippine Peso = 5.1499 Hungarian Forint
1 Philippine Peso = 271.08987 Indonesian Rupiah
1 Philippine Peso = 0.06827 Israeli Shekel
1 Philippine Peso = 1.30228 Indian Rupee
1 Philippine Peso = 22.63862 Iraqi Dinar
1 Philippine Peso = 804.0153 Iran Rial
1 Philippine Peso = 1.99809 Iceland Krona
1 Philippine Peso = 2.38145 Jamaican Dollar
1 Philippine Peso = 0.0135 Jordanian Dinar
1 Philippine Peso = 2.12293 Japanese Yen
1 Philippine Peso = 1.91587 Kenyan Shilling
1 Philippine Peso = 1.30863 Kyrgyzstan Som
1 Philippine Peso = 77.2065 Cambodia Riel
1 Philippine Peso = 7.91109 Comoros Franc
1 Philippine Peso = 17.20841 North Korean Won
1 Philippine Peso = 20.57725 Korean Won
1 Philippine Peso = 0.00577 Kuwaiti Dinar
1 Philippine Peso = 0.01568 Cayman Islands Dollar
1 Philippine Peso = 6.29369 Kazakhstan Tenge
1 Philippine Peso = 159.08222 Lao Kip
1 Philippine Peso = 28.77629 Lebanese Pound
1 Philippine Peso = 3.0153 Sri Lanka Rupee
1 Philippine Peso = 2.55793 Liberian Dollar
1 Philippine Peso = 0.24207 Lesotho Loti
1 Philippine Peso = 0.05829 Lithuanian Lita
1 Philippine Peso = 0.01187 Latvian Lat
1 Philippine Peso = 0.02595 Libyan Dinar
1 Philippine Peso = 0.18017 Moroccan Dirham
1 Philippine Peso = 0.31807 Moldovan Leu
1 Philippine Peso = 0.99293 Macedonian Denar
1 Philippine Peso = 25.85086 Myanmar Kyat
1 Philippine Peso = 45.83174 Mongolian Tugrik
1 Philippine Peso = 0.15455 Macau Pataca
1 Philippine Peso = 6.76864 Mauritania Ougulya
1 Philippine Peso = 0.65679 Mauritius Rupee
1 Philippine Peso = 0.29771 Maldives Rufiyaa
1 Philippine Peso = 13.64149 Malawi Kwacha
1 Philippine Peso = 0.37878 Mexican Peso
1 Philippine Peso = 0.07606 Malaysian Ringgit
1 Philippine Peso = 0.24208 Namibian Dollar
1 Philippine Peso = 6.88337 Nigerian Naira
1 Philippine Peso = 0.59598 Nicaragua Cordoba
1 Philippine Peso = 0.15388 Norwegian Krone
1 Philippine Peso = 2.08185 Nepalese Rupee
1 Philippine Peso = 0.02752 New Zealand Dollar
1 Philippine Peso = 0.00735 Omani Rial
1 Philippine Peso = 0.01912 Panama Balboa
1 Philippine Peso = 0.0627 Peruvian Nuevo Sol
1 Philippine Peso = 0.06117 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.20841 Pakistani Rupee
1 Philippine Peso = 0.06955 Polish Zloty
1 Philippine Peso = 107.60994 Paraguayan Guarani
1 Philippine Peso = 0.06959 Qatar Rial
1 Philippine Peso = 0.07495 Romanian New Leu
1 Philippine Peso = 1.17737 Russian Rouble
1 Philippine Peso = 16.18375 Rwanda Franc
1 Philippine Peso = 0.0717 Saudi Arabian Riyal
1 Philippine Peso = 0.15039 Solomon Islands Dollar
1 Philippine Peso = 0.26023 Seychelles Rupee
1 Philippine Peso = 0.34331 Sudanese Pound
1 Philippine Peso = 0.16581 Swedish Krona
1 Philippine Peso = 0.02562 Singapore Dollar
1 Philippine Peso = 0.01424 St Helena Pound
1 Philippine Peso = 0.42459 Slovak Koruna
1 Philippine Peso = 149.13958 Sierra Leone Leone
1 Philippine Peso = 10.7457 Somali Shilling
1 Philippine Peso = 397.36138 Sao Tome Dobra
1 Philippine Peso = 0.1673 El Salvador Colon
1 Philippine Peso = 9.84665 Syrian Pound
1 Philippine Peso = 0.24215 Swaziland Lilageni
1 Philippine Peso = 0.61434 Thai Baht
1 Philippine Peso = 0.04906 Tunisian Dinar
1 Philippine Peso = 0.04426 Tongan paʻanga
1 Philippine Peso = 0.08746 Turkish Lira
1 Philippine Peso = 0.12714 Trinidad Tobago Dollar
1 Philippine Peso = 0.57119 Taiwan Dollar
1 Philippine Peso = 43.51816 Tanzanian Shilling
1 Philippine Peso = 0.49847 Ukraine Hryvnia
1 Philippine Peso = 71.12811 Ugandan Shilling
1 Philippine Peso = 0.01912 United States Dollar
1 Philippine Peso = 0.59981 Uruguayan New Peso
1 Philippine Peso = 152.58126 Uzbekistan Sum
1 Philippine Peso = 1501.96941 Venezuelan Bolivar
1 Philippine Peso = 435.35373 Vietnam Dong
1 Philippine Peso = 2.08088 Vanuatu Vatu
1 Philippine Peso = 0.0494 Samoa Tala
1 Philippine Peso = 10.62849 CFA Franc (BEAC)
1 Philippine Peso = 0.05163 East Caribbean Dollar
1 Philippine Peso = 10.62849 CFA Franc (BCEAO)
1 Philippine Peso = 1.92218 Pacific Franc
1 Philippine Peso = 4.7782 Yemen Riyal
1 Philippine Peso = 0.24216 South African Rand
1 Philippine Peso = 99.22562 Zambian Kwacha
1 Philippine Peso = 6.91969 Zimbabwe dollar

Build. Build. Build.

THE DUTERTE administration is expected to launch big ticket infrastructure projects to drive economic growth in the next five years.

Build, build, and build. Under this mantra several government agencies are partnering to implement major projects involving railways, bridges, roads, airports and green city developments.

Manila-Clark Railway, a major project of the Department of Transportation (DOTr) when completed would guarantee one hour travel from Metro Manila to Clark International Airport. The other DOTr projects are Metro Manila Bus Rapid Train System, regional airport and Roll-on/Roll-off development projects

The Mindanao Railway which is targeted to start construction this year would mean a two-hour travel time from Davao to Surigao and Cagayan de Oro (CDO). The railway system would connect major cities such as CDO, Iligan, Zamboanga, Butuan, Surigao, Davao, and General Santos.

Projects under Bases Conversion and Development Authority (BCDA) include the Clark Green City, Clark International Airport new terminal building, Bonifacio Global City (BGC) to NAIA Bus Rapid Transit (BRT) system and Subic-Clark Cargo Railway project. The railway project is seen as a long term solution to highly congested traffic in Metro Manila by providing a more viable option (than trucks) for moving goods into and from the capital.

Department of Public Works and Highways (DPWH) projects which aim to address traffic and flooding include Santa Monica-Lawton- BGC linkbridge; UP-Miriam-Ateneo Viaduct; NLEX-SLEX connector road; Iloilo-Guimaras-Negros-Cebu link bridge and Davao City bypass construction project. 

These projects are expected to be completed in the next three to five years.

Infrastructure spending reached 5.4 percent of Gross Domestic Product (GDP) this year higher compared to five previous administrations.  The Marcos government spent 3.2 percent, Corazon Aquino, Ramos and Estrada spent 2.2 percent, Arroyo 1.9 percent and Aquino administration spent 2.9 percent.

According to International Monetary Fund (IMF), a sustained increase in public infrastructure spending to 5 percent of GDP would add a total of 5 to 6 percent growth to GDP after 15 years.

Aside from these projects, NEDA has cited several projects worth P200 billion have been lined-up for approval including North and South railway up to Bicol and the Cebu Port. Three other projects are in agriculture. 

Public Private Partnership (PPP)

Eleven major infrastructure projects under the PPP which were carried over from the previous administration are expected to be completed and be operational before the end of Duterte administration.

Conglomerates San Miguel Corp, Megawide Construction Corp. and Metro Pacific Investment Corp. (MPIC) and Ayala Corp. projects under construction and pre-constructions stage are expected to be finished in the next three to five years .

Construction of SMC’s Metro Manila Skyway (MMS) Stage 3 and MRT Line 7 project is ongoing.

The MRT 7 is a 22 kilometers elevated railway which will have 14 stations from Edsa (connected to MRT 3) to San del Monte, Bulacan. It is  expected to be finished by 2020.

The MMS or Skyway Stage 3 is 14.82 km., six-lane elevated expressway from Buendia to Balintawak that will link the South Luzon Expressway (SLEX) to NLEX was 19 percent completed as of November last year.

Megawide Construction Corp.’s three projects which include Southwest Terminal of the Integrated Transport System, Mactan Cebu International Airport and PPP for School Infrastructure Project (PSIP) are under construction .

Southwest Terminal of the Integrated Transport System (ITS), started in the fourth quarter last year has been targeted for completion by 2018 .

As of October last year, PPP Center said the MCIA passenger terminal is 35.19 percent completed and expected to be completed in the next three years.

The MPIC Group also has three major projects in the pipeline—LRT 1 extension to Cavite,  Cavite-Laguna Expressway and NLEX-SLEX connector road .

MPIC said Calax construction will start in the first half of this year, while the NLEX-SLEX connector road is expected to begin construction this year if the government would be able to turn-over the right of way for the phase 1.

Light Rail Manila Corp., a consortium of MPIC and Ayala which operates LRT1, said that construction of the LRT extension to Cavite will start in the second quarter.

The Duterte administration is keen on continuing the bidding on PPP projects left by the previous administration.

Last week, DOTr has started the bidding of five unbundled regional airports namely, Bacolod-Silay airport for P 20.26 billion, Davao airport worth P 40.57 billion, New Iloilo airport for P 30.40 billion, Laguindingan for P 14.62 billion, and New Bohol (Panglao)  worth P 4.57 billion .

The Ninoy Aquino International Airport (NAIA) Development project budgeted at P 74.56 billion was approved by NEDA last September and is expected to be bid out this year. Several conglomerates have already expressed interest. 

For the project, the private partner will improve, upgrade and enhance the operational efficiencies of all existing terminals of the NAIA covering both landside and airside, except air traffic services.

Other projects still lined up for bidding include Light Rail Transit (LRT 2) operation and maintenance, regional prison facilities, LRT Line 6 rail extension to Dasmarinas Cavite, Road Transport Information Technology Infrastructure among others.

The DPWH’s P 122.8 Billion Laguna Lakeshore project is expected to go back to the conceptualization stage. The agency is considering revising the bid term and securing a new NEDA approval after last year’s failed bidding.

As of December last year, four projects worth P 31.77 billion have been completed and are operational. These include Muntinlupa-Cavite Expressway, PPP for School Infrastructure project, Automated Fare Collection System (AFCS), and NAIA Expressway Phase II.

Telecommunications

The Department of Information and Communications Technology (DICT) has submitted a proposal to President Duterte to build a national broadband infrastructure using the fiber-optic cable network of the National Grid Corp. of the Philippines (NGCP) with the goal of delivering fast internet to unserved and underserved areas in the country 

DICT is optimistic about implementing the project in three years using the privately-owned NGCP’s  5,000 to 10,000 fiber optic cable running from North to South. This could allow the government to deploy broadband internet in the government agencies in the countryside.

A  National broadband plan, which would ideally address the issues of high cost and slow internet connections, would be submitted for approval.

DICT is looking at partnerships with private sector to help finance the project rollout .

The project is estimated to cost from P 77 billion to P 200 billion if the NGCP would allow the government the use of the land and fiber network to deliver broadband. This cost would be higher if the government would build its own infrastructure. 
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