July 18, 2018, 12:26 pm
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1 Philippine Peso = 0.06864 UAE Dirham
1 Philippine Peso = 2.00897 Albanian Lek
1 Philippine Peso = 0.03439 Neth Antilles Guilder
1 Philippine Peso = 0.50824 Argentine Peso
1 Philippine Peso = 0.02516 Australian Dollar
1 Philippine Peso = 0.03326 Aruba Florin
1 Philippine Peso = 0.03738 Barbados Dollar
1 Philippine Peso = 1.56345 Bangladesh Taka
1 Philippine Peso = 0.03139 Bulgarian Lev
1 Philippine Peso = 0.00707 Bahraini Dinar
1 Philippine Peso = 32.72248 Burundi Franc
1 Philippine Peso = 0.01869 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1282 Bolivian Boliviano
1 Philippine Peso = 0.07195 Brazilian Real
1 Philippine Peso = 0.01869 Bahamian Dollar
1 Philippine Peso = 1.282 Bhutan Ngultrum
1 Philippine Peso = 0.19138 Botswana Pula
1 Philippine Peso = 374.13568 Belarus Ruble
1 Philippine Peso = 0.03734 Belize Dollar
1 Philippine Peso = 0.02459 Canadian Dollar
1 Philippine Peso = 0.01871 Swiss Franc
1 Philippine Peso = 12.14969 Chilean Peso
1 Philippine Peso = 0.12502 Chinese Yuan
1 Philippine Peso = 53.37133 Colombian Peso
1 Philippine Peso = 10.54401 Costa Rica Colon
1 Philippine Peso = 0.01869 Cuban Peso
1 Philippine Peso = 1.76603 Cape Verde Escudo
1 Philippine Peso = 0.4139 Czech Koruna
1 Philippine Peso = 3.31714 Djibouti Franc
1 Philippine Peso = 0.11919 Danish Krone
1 Philippine Peso = 0.92375 Dominican Peso
1 Philippine Peso = 2.19884 Algerian Dinar
1 Philippine Peso = 0.25015 Estonian Kroon
1 Philippine Peso = 0.3334 Egyptian Pound
1 Philippine Peso = 0.51037 Ethiopian Birr
1 Philippine Peso = 0.01599 Euro
1 Philippine Peso = 0.03902 Fiji Dollar
1 Philippine Peso = 0.01411 Falkland Islands Pound
1 Philippine Peso = 0.01412 British Pound
1 Philippine Peso = 0.08949 Ghanaian Cedi
1 Philippine Peso = 0.88526 Gambian Dalasi
1 Philippine Peso = 168.36105 Guinea Franc
1 Philippine Peso = 0.13998 Guatemala Quetzal
1 Philippine Peso = 3.87012 Guyana Dollar
1 Philippine Peso = 0.14665 Hong Kong Dollar
1 Philippine Peso = 0.44715 Honduras Lempira
1 Philippine Peso = 0.11858 Croatian Kuna
1 Philippine Peso = 1.25939 Haiti Gourde
1 Philippine Peso = 5.1596 Hungarian Forint
1 Philippine Peso = 268.604 Indonesian Rupiah
1 Philippine Peso = 0.06791 Israeli Shekel
1 Philippine Peso = 1.27993 Indian Rupee
1 Philippine Peso = 22.12671 Iraqi Dinar
1 Philippine Peso = 807.13885 Iran Rial
1 Philippine Peso = 2.0015 Iceland Krona
1 Philippine Peso = 2.42478 Jamaican Dollar
1 Philippine Peso = 0.01324 Jordanian Dinar
1 Philippine Peso = 2.09923 Japanese Yen
1 Philippine Peso = 1.87722 Kenyan Shilling
1 Philippine Peso = 1.27646 Kyrgyzstan Som
1 Philippine Peso = 75.63072 Cambodia Riel
1 Philippine Peso = 7.88806 Comoros Franc
1 Philippine Peso = 16.81929 North Korean Won
1 Philippine Peso = 21.08952 Korean Won
1 Philippine Peso = 0.00566 Kuwaiti Dinar
1 Philippine Peso = 0.01532 Cayman Islands Dollar
1 Philippine Peso = 6.39993 Kazakhstan Tenge
1 Philippine Peso = 157.01738 Lao Kip
1 Philippine Peso = 28.13493 Lebanese Pound
1 Philippine Peso = 2.97982 Sri Lanka Rupee
1 Philippine Peso = 2.97197 Liberian Dollar
1 Philippine Peso = 0.24762 Lesotho Loti
1 Philippine Peso = 0.05697 Lithuanian Lita
1 Philippine Peso = 0.0116 Latvian Lat
1 Philippine Peso = 0.02562 Libyan Dinar
1 Philippine Peso = 0.17688 Moroccan Dirham
1 Philippine Peso = 0.31088 Moldovan Leu
1 Philippine Peso = 0.98075 Macedonian Denar
1 Philippine Peso = 26.55578 Myanmar Kyat
1 Philippine Peso = 45.74846 Mongolian Tugrik
1 Philippine Peso = 0.15104 Macau Pataca
1 Philippine Peso = 6.63427 Mauritania Ougulya
1 Philippine Peso = 0.6382 Mauritius Rupee
1 Philippine Peso = 0.29097 Maldives Rufiyaa
1 Philippine Peso = 13.33283 Malawi Kwacha
1 Philippine Peso = 0.35287 Mexican Peso
1 Philippine Peso = 0.07569 Malaysian Ringgit
1 Philippine Peso = 0.24767 Namibian Dollar
1 Philippine Peso = 6.69034 Nigerian Naira
1 Philippine Peso = 0.58456 Nicaragua Cordoba
1 Philippine Peso = 0.15155 Norwegian Krone
1 Philippine Peso = 2.04691 Nepalese Rupee
1 Philippine Peso = 0.02764 New Zealand Dollar
1 Philippine Peso = 0.00719 Omani Rial
1 Philippine Peso = 0.01869 Panama Balboa
1 Philippine Peso = 0.06103 Peruvian Nuevo Sol
1 Philippine Peso = 0.06077 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27135 Pakistani Rupee
1 Philippine Peso = 0.06898 Polish Zloty
1 Philippine Peso = 106.5969 Paraguayan Guarani
1 Philippine Peso = 0.06802 Qatar Rial
1 Philippine Peso = 0.07424 Romanian New Leu
1 Philippine Peso = 1.1686 Russian Rouble
1 Philippine Peso = 15.92992 Rwanda Franc
1 Philippine Peso = 0.07008 Saudi Arabian Riyal
1 Philippine Peso = 0.14699 Solomon Islands Dollar
1 Philippine Peso = 0.25089 Seychelles Rupee
1 Philippine Peso = 0.33555 Sudanese Pound
1 Philippine Peso = 0.16567 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01412 St Helena Pound
1 Philippine Peso = 0.41499 Slovak Koruna
1 Philippine Peso = 153.24238 Sierra Leone Leone
1 Philippine Peso = 10.65221 Somali Shilling
1 Philippine Peso = 391.8333 Sao Tome Dobra
1 Philippine Peso = 0.16352 El Salvador Colon
1 Philippine Peso = 9.624 Syrian Pound
1 Philippine Peso = 0.24803 Swaziland Lilageni
1 Philippine Peso = 0.62213 Thai Baht
1 Philippine Peso = 0.04953 Tunisian Dinar
1 Philippine Peso = 0.04334 Tongan paʻanga
1 Philippine Peso = 0.09042 Turkish Lira
1 Philippine Peso = 0.12621 Trinidad Tobago Dollar
1 Philippine Peso = 0.57118 Taiwan Dollar
1 Philippine Peso = 42.3846 Tanzanian Shilling
1 Philippine Peso = 0.48981 Ukraine Hryvnia
1 Philippine Peso = 69.93085 Ugandan Shilling
1 Philippine Peso = 0.01869 United States Dollar
1 Philippine Peso = 0.58568 Uruguayan New Peso
1 Philippine Peso = 145.44945 Uzbekistan Sum
1 Philippine Peso = 2236.96505 Venezuelan Bolivar
1 Philippine Peso = 430.74192 Vietnam Dong
1 Philippine Peso = 2.06036 Vanuatu Vatu
1 Philippine Peso = 0.04858 Samoa Tala
1 Philippine Peso = 10.48103 CFA Franc (BEAC)
1 Philippine Peso = 0.05046 East Caribbean Dollar
1 Philippine Peso = 10.48103 CFA Franc (BCEAO)
1 Philippine Peso = 1.90563 Pacific Franc
1 Philippine Peso = 4.66922 Yemen Riyal
1 Philippine Peso = 0.24782 South African Rand
1 Philippine Peso = 96.98187 Zambian Kwacha
1 Philippine Peso = 6.76322 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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