November 25, 2017, 12:01 pm
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1 Philippine Peso = 0.07254 UAE Dirham
1 Philippine Peso = 2.22066 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.34299 Argentine Peso
1 Philippine Peso = 0.02592 Australian Dollar
1 Philippine Peso = 0.03516 Aruba Florin
1 Philippine Peso = 0.03951 Barbados Dollar
1 Philippine Peso = 1.60589 Bangladesh Taka
1 Philippine Peso = 0.03253 Bulgarian Lev
1 Philippine Peso = 0.00746 Bahraini Dinar
1 Philippine Peso = 34.51185 Burundi Franc
1 Philippine Peso = 0.01976 Bermuda Dollar
1 Philippine Peso = 0.02656 Brunei Dollar
1 Philippine Peso = 0.13552 Bolivian Boliviano
1 Philippine Peso = 0.06373 Brazilian Real
1 Philippine Peso = 0.01976 Bahamian Dollar
1 Philippine Peso = 1.27914 Bhutan Ngultrum
1 Philippine Peso = 0.20568 Botswana Pula
1 Philippine Peso = 395.49586 Belarus Ruble
1 Philippine Peso = 0.03947 Belize Dollar
1 Philippine Peso = 0.0251 Canadian Dollar
1 Philippine Peso = 0.01934 Swiss Franc
1 Philippine Peso = 12.5162 Chilean Peso
1 Philippine Peso = 0.13038 Chinese Yuan
1 Philippine Peso = 58.75346 Colombian Peso
1 Philippine Peso = 11.09502 Costa Rica Colon
1 Philippine Peso = 0.01976 Cuban Peso
1 Philippine Peso = 1.82714 Cape Verde Escudo
1 Philippine Peso = 0.42146 Czech Koruna
1 Philippine Peso = 3.5079 Djibouti Franc
1 Philippine Peso = 0.12329 Danish Krone
1 Philippine Peso = 0.94607 Dominican Peso
1 Philippine Peso = 2.26118 Algerian Dinar
1 Philippine Peso = 0.25918 Estonian Kroon
1 Philippine Peso = 0.34868 Egyptian Pound
1 Philippine Peso = 0.53457 Ethiopian Birr
1 Philippine Peso = 0.01656 Euro
1 Philippine Peso = 0.04139 Fiji Dollar
1 Philippine Peso = 0.01481 Falkland Islands Pound
1 Philippine Peso = 0.01481 British Pound
1 Philippine Peso = 0.09104 Ghanaian Cedi
1 Philippine Peso = 0.92967 Gambian Dalasi
1 Philippine Peso = 177.69657 Guinea Franc
1 Philippine Peso = 0.1449 Guatemala Quetzal
1 Philippine Peso = 4.07922 Guyana Dollar
1 Philippine Peso = 0.15426 Hong Kong Dollar
1 Philippine Peso = 0.46501 Honduras Lempira
1 Philippine Peso = 0.12517 Croatian Kuna
1 Philippine Peso = 1.22145 Haiti Gourde
1 Philippine Peso = 5.16041 Hungarian Forint
1 Philippine Peso = 266.6535 Indonesian Rupiah
1 Philippine Peso = 0.0693 Israeli Shekel
1 Philippine Peso = 1.27625 Indian Rupee
1 Philippine Peso = 23.03437 Iraqi Dinar
1 Philippine Peso = 696.06876 Iran Rial
1 Philippine Peso = 2.03813 Iceland Krona
1 Philippine Peso = 2.47234 Jamaican Dollar
1 Philippine Peso = 0.01397 Jordanian Dinar
1 Philippine Peso = 2.20192 Japanese Yen
1 Philippine Peso = 2.03576 Kenyan Shilling
1 Philippine Peso = 1.37669 Kyrgyzstan Som
1 Philippine Peso = 79.67207 Cambodia Riel
1 Philippine Peso = 8.28586 Comoros Franc
1 Philippine Peso = 17.77953 North Korean Won
1 Philippine Peso = 21.38305 Korean Won
1 Philippine Peso = 0.00596 Kuwaiti Dinar
1 Philippine Peso = 0.0162 Cayman Islands Dollar
1 Philippine Peso = 6.52213 Kazakhstan Tenge
1 Philippine Peso = 164.26314 Lao Kip
1 Philippine Peso = 29.7906 Lebanese Pound
1 Philippine Peso = 3.03635 Sri Lanka Rupee
1 Philippine Peso = 2.46247 Liberian Dollar
1 Philippine Peso = 0.27292 Lesotho Loti
1 Philippine Peso = 0.06023 Lithuanian Lita
1 Philippine Peso = 0.01226 Latvian Lat
1 Philippine Peso = 0.02699 Libyan Dinar
1 Philippine Peso = 0.18541 Moroccan Dirham
1 Philippine Peso = 0.34526 Moldovan Leu
1 Philippine Peso = 1.01442 Macedonian Denar
1 Philippine Peso = 26.92612 Myanmar Kyat
1 Philippine Peso = 48.20229 Mongolian Tugrik
1 Philippine Peso = 0.15888 Macau Pataca
1 Philippine Peso = 6.91426 Mauritania Ougulya
1 Philippine Peso = 0.68451 Mauritius Rupee
1 Philippine Peso = 0.30047 Maldives Rufiyaa
1 Philippine Peso = 14.14757 Malawi Kwacha
1 Philippine Peso = 0.36633 Mexican Peso
1 Philippine Peso = 0.0813 Malaysian Ringgit
1 Philippine Peso = 0.27483 Namibian Dollar
1 Philippine Peso = 7.03279 Nigerian Naira
1 Philippine Peso = 0.60352 Nicaragua Cordoba
1 Philippine Peso = 0.16042 Norwegian Krone
1 Philippine Peso = 2.04563 Nepalese Rupee
1 Philippine Peso = 0.02867 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01976 Panama Balboa
1 Philippine Peso = 0.06392 Peruvian Nuevo Sol
1 Philippine Peso = 0.06337 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.07685 Pakistani Rupee
1 Philippine Peso = 0.0697 Polish Zloty
1 Philippine Peso = 111.98933 Paraguayan Guarani
1 Philippine Peso = 0.07516 Qatar Rial
1 Philippine Peso = 0.07679 Romanian New Leu
1 Philippine Peso = 1.15428 Russian Rouble
1 Philippine Peso = 16.47807 Rwanda Franc
1 Philippine Peso = 0.07408 Saudi Arabian Riyal
1 Philippine Peso = 0.15686 Solomon Islands Dollar
1 Philippine Peso = 0.26162 Seychelles Rupee
1 Philippine Peso = 0.13157 Sudanese Pound
1 Philippine Peso = 0.16365 Swedish Krona
1 Philippine Peso = 0.02658 Singapore Dollar
1 Philippine Peso = 0.01482 St Helena Pound
1 Philippine Peso = 0.43868 Slovak Koruna
1 Philippine Peso = 150.13829 Sierra Leone Leone
1 Philippine Peso = 11.00356 Somali Shilling
1 Philippine Peso = 406.44806 Sao Tome Dobra
1 Philippine Peso = 0.17286 El Salvador Colon
1 Philippine Peso = 10.17345 Syrian Pound
1 Philippine Peso = 0.27485 Swaziland Lilageni
1 Philippine Peso = 0.6448 Thai Baht
1 Philippine Peso = 0.04877 Tunisian Dinar
1 Philippine Peso = 0.04522 Tongan paʻanga
1 Philippine Peso = 0.07781 Turkish Lira
1 Philippine Peso = 0.13097 Trinidad Tobago Dollar
1 Philippine Peso = 0.5918 Taiwan Dollar
1 Philippine Peso = 44.15251 Tanzanian Shilling
1 Philippine Peso = 0.53121 Ukraine Hryvnia
1 Philippine Peso = 71.55275 Ugandan Shilling
1 Philippine Peso = 0.01976 United States Dollar
1 Philippine Peso = 0.57349 Uruguayan New Peso
1 Philippine Peso = 159.22561 Uzbekistan Sum
1 Philippine Peso = 0.19705 Venezuelan Bolivar
1 Philippine Peso = 448.93324 Vietnam Dong
1 Philippine Peso = 2.09581 Vanuatu Vatu
1 Philippine Peso = 0.05077 Samoa Tala
1 Philippine Peso = 10.85875 CFA Franc (BEAC)
1 Philippine Peso = 0.05334 East Caribbean Dollar
1 Philippine Peso = 10.88937 CFA Franc (BCEAO)
1 Philippine Peso = 1.96543 Pacific Franc
1 Philippine Peso = 4.93678 Yemen Riyal
1 Philippine Peso = 0.27485 South African Rand
1 Philippine Peso = 102.51877 Zambian Kwacha
1 Philippine Peso = 7.14935 Zimbabwe dollar

Conglomerates go beyond CSR

Big businesses in the Philippines are the first to respond to disasters more often than not making up for the inadequacies of the government.
 
This was first seen a couple of years ago during the great floods of Ondoy that  highlighted the absence of government presence in the  initial relief operations-these were all done by the private sector.
 
After typhoon Yolanda struck,  conglomerates  set up  a more organized and sustainable way of helping disaster victims.
 
Guillermo Luz, coordinator of the newly-reorganized Philippine Disaster Recovery Foundation (PDRF) said  business has realized that while corporate social responsibility (CSR)  is important during disasters,  it provides only a part of the solution.  He said while CSR measures ( giving out food, medicine packets to victims) are oftentimes  the quickest way of responding to disasters, these are  not the only way. 
 
“Re-investment in the restoration of commercial operations represents a far larger investment than CSR. It can also have far larger impact than CSR,” Luz said.
 
This is why, according to Luz, the PDRF is working on institutionalizing activities that go well beyond CSR:  better urban planning and disaster-preparedness. 
 
After being designated as the country’s permanent private sector vehicle for disaster management, PDRF jumpstarted programs for the rehabilitation of the communities affected by the recent Super Typhoon Yolanda in Eastern Visayas.
 
Generally, CSR efforts are done individually by companies and most of them are targetted to programs/beneficiaries that are related to their businesses. But in the case of the PDRF, responses are done in coordinated and targeted manner to create a larger impact to communities.
 
Luz said PDRF’s contribution in the case of Yolanda is divided into two types of response. The first is CSR and the second is in commercial operations. For CSR, companies are being asked to make contributions in five sectors : education (basically school repairs and construction), shelter (permanent homes), livelihood, water/sanitation/health, and environment. 
 
Still working together with the government through the Presidential Assistant for Rehabilitation and Recovery, these projects will be distributed over 24 geographical areas affected by Yolanda, Luz said. 
 
“The approach here differs from the past in the sense that these are more coordinated and mapped so that companies and the government can keep closer track of where projects are located,” Luz said.
 
For commercial operations, Luz said companies will also be making their investments to get their own businesses restored and moving in the same areas. These may be in such sectors as power and energy, retail/commercial, banking, fuel, telecommunications and other businesses. 
 
When business resumes, communities return to normalcy faster. Commercial operations naturally will have longer, more sustainable impact because they will represent larger investments than CSR and will generate renewed economic activity.
 
In the case of Yolanda, the assistance programs will be limited to the reconstruction period, which is estimated to last around two to three years. 
 
While the assumption is that government has the responsibility to provide aid and private sector is just there to help, these groups share  similar approaches to  disaster responses. 
 
In the case of Yolanda, Luz said PDRF’s approach is similar to government’s in the sense that both of us are focused on the same sectors, education, shelter, livelihood, and health and on the same geographical areas (e.g., Samar, Leyte, Northern Cebu, Northern Negros, Northern Panay, Coron/Busuanga). 
 
But he said the approach is also different in the sense that the government will provide more of the public infrastructure and other public buildings while the private sector will concentrate on some public utilities such as telecommunication services and power and commercial operations.
 
To address specific needs of disaster-hit areas, Luz said businesses have provided relief supplies across disaster-affected areas as well as lent their transport resources and equipment for distribution (e.g., planes, trucks, ships, etc). 
 
He said employees have also helped packing and distributing relief goods. They have also donated cash to relief organizations. 
 
Right now, Luz said PDFR is  in the process of trying to collect the data so it can get a complete inventory of these contributions.
 
“These contributions have helped alleviate the suffering of victims but have not yet brought back normalcy to lives,” Luz said..
 
PDRF was initially formed in the aftermath of typhoons Frank, Ondoy, and Pepeng in 2009 but following the earthquake in Bohol and Cebu, the fighting in Zamboanga City and the devastation caused by Typhoon Yolanda in the Visayas regions, PDRF became the primary vehicle of the private sector for coordinating its efforts in disaster preparedness and response.
 
PDRF is composed of leaders of some of the country’s largest private corporations and leading NGOs. Philippine Long Distance Telephone Co. (PLDT),  Ayala Corp.  Metro Pacific Investments Corp. (MPIC), and  Aboitiz Equity Ventures Inc. in fact spearheaded the establishment of a permanent private sector vehicle for an organized response in times of natural calamities after Super Typhoon Yolanda.
 
 “Recent events have highlighted the fact that the Philippines is one of the most disaster-prone countries in the world.  We must become much more adept at dealing with calamities – both natural and man-made. The private sector has an important role to play in making our country more resilient,” said Manuel Pangilinan, chairman of MPIC and PLDT and  who co-chairs of PDRF.
 
Business organizations which are also taking part in these efforts are  the Philippine Chamber of Commerce and Industry (PCCI), Makati Business Club (MBC), Management Association of the Philippines (MAP), Bankers’ Association of the Philippines (BAP), non-government organizations (NGOs) to have a better organized private sector response during disasters.
 
Ayala chairman and chief executive officer Jaime Augusto Zobel de Ayala are co-chairs PDRF with Pangilinan  while Manila Archbishop Luis Antonio Cardinal Tagle is also co-chairman of the body.
 
Other members of the PDRF board include Aboitiz Equity Ventures president Erramon Aboitiz, Energy Development Corp. chairman Federico Lopez, Shell  country chairman Edgar Chua, Magsaysay Maritime Corp. president and chief executive officer Doris Magsaysay-Ho, Land Bank of the Philippines president Gilda Pico, and Philippine Investment Management Inc. president Ramon del Rosario Jr.
 
Just more than two weeks after Typhoon Yolanda, SM Prime Holdings, Inc. (SMPHI) and the United Nations International Strategy for Disaster Reduction (UNISDR)  hosted  for the second time, the Top Leaders Forum in a very timely topic: resiliency.
 
The Top Leaders Forum held at the SMX Convention Center last November  22  gathered  over 30 CEOs and top managers across different sectors and industries in the country and talked about the new challenges presented by a steadily and dangerously changing climate to businesses.  
 
With the theme “Increasing Private Sector Resilience Through Informed Business Practices and Investment – Incentives for Resilient Investment , the Forum became a platform for SMPHI and UNISDR to call on the private sector to proactively invest in disaster resiliency.
 
Hans Sy, president of SMPHI said investments in disaster resilience among private companies is now a “humanitarian imperative” as local communities struggle to prepare for natural calamities. 
 
“Disaster resilience is no longer prioritized only to protect commercial interests. It has now become bigger than that,” said Sy, who represents the country as member of the UNISDR  Private Sector Advisory Group (UNISDR PSAG). “It has become a humanitarian imperative and a commitment to contribute to economic sustainability of the communities beyond our corporate walls.”
 
According to Sy, heavy investments in disaster resilience not only ensure the longevity of company-owned assets, but also the safety of communities where the company operates. Case in point is the water catchment system built in select SM malls to collect rain water and help prevent flash flooding.
 
 Moreover, Sy pointed to SMPHI’s own experience in constructing shopping centers such as SM Marikina and SM Muntinlupa that are designed to resist natural disasters. “We adopted different aspects of disaster risk management, employed competent approach to sustainable operations and put business continuity plans in place,” he said.
 
Sy said the impact of disasters has become an issue of growing concern not only in the developing countries like the Philippines but all throughout the world.
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