July 23, 2018, 9:23 pm
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1 Philippine Peso = 0.06891 UAE Dirham
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1 Philippine Peso = 0.03452 Neth Antilles Guilder
1 Philippine Peso = 0.51726 Argentine Peso
1 Philippine Peso = 0.02526 Australian Dollar
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1 Philippine Peso = 0.12871 Bolivian Boliviano
1 Philippine Peso = 0.07076 Brazilian Real
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1 Philippine Peso = 1.29362 Bhutan Ngultrum
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1 Philippine Peso = 0.01599 Euro
1 Philippine Peso = 0.03929 Fiji Dollar
1 Philippine Peso = 0.01427 Falkland Islands Pound
1 Philippine Peso = 0.0143 British Pound
1 Philippine Peso = 0.08965 Ghanaian Cedi
1 Philippine Peso = 0.8925 Gambian Dalasi
1 Philippine Peso = 169.1182 Guinea Franc
1 Philippine Peso = 0.14047 Guatemala Quetzal
1 Philippine Peso = 3.89268 Guyana Dollar
1 Philippine Peso = 0.14725 Hong Kong Dollar
1 Philippine Peso = 0.44908 Honduras Lempira
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1 Philippine Peso = 0.06798 Israeli Shekel
1 Philippine Peso = 1.28997 Indian Rupee
1 Philippine Peso = 22.32645 Iraqi Dinar
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1 Philippine Peso = 2.44371 Jamaican Dollar
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1 Philippine Peso = 2.09036 Japanese Yen
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1 Philippine Peso = 1.27979 Kyrgyzstan Som
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1 Philippine Peso = 16.88555 North Korean Won
1 Philippine Peso = 21.13321 Korean Won
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1 Philippine Peso = 0.31191 Moldovan Leu
1 Philippine Peso = 0.98124 Macedonian Denar
1 Philippine Peso = 27.07317 Myanmar Kyat
1 Philippine Peso = 45.94747 Mongolian Tugrik
1 Philippine Peso = 0.15166 Macau Pataca
1 Philippine Peso = 6.66041 Mauritania Ougulya
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1 Philippine Peso = 2.06473 Nepalese Rupee
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1 Philippine Peso = 1 Philippine Peso
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1 Philippine Peso = 1.1907 Russian Rouble
1 Philippine Peso = 16.006 Rwanda Franc
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1 Philippine Peso = 0.25182 Seychelles Rupee
1 Philippine Peso = 0.33678 Sudanese Pound
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1 Philippine Peso = 0.02554 Singapore Dollar
1 Philippine Peso = 0.01428 St Helena Pound
1 Philippine Peso = 0.41662 Slovak Koruna
1 Philippine Peso = 157.41088 Sierra Leone Leone
1 Philippine Peso = 10.69418 Somali Shilling
1 Philippine Peso = 392.12008 Sao Tome Dobra
1 Philippine Peso = 0.16417 El Salvador Colon
1 Philippine Peso = 9.66191 Syrian Pound
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1 Philippine Peso = 0.62495 Thai Baht
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1 Philippine Peso = 0.0442 Tongan paʻanga
1 Philippine Peso = 0.0899 Turkish Lira
1 Philippine Peso = 0.12621 Trinidad Tobago Dollar
1 Philippine Peso = 0.57388 Taiwan Dollar
1 Philippine Peso = 42.58912 Tanzanian Shilling
1 Philippine Peso = 0.49568 Ukraine Hryvnia
1 Philippine Peso = 70.09381 Ugandan Shilling
1 Philippine Peso = 0.01876 United States Dollar
1 Philippine Peso = 0.58555 Uruguayan New Peso
1 Philippine Peso = 145.53471 Uzbekistan Sum
1 Philippine Peso = 2245.77861 Venezuelan Bolivar
1 Philippine Peso = 432.49531 Vietnam Dong
1 Philippine Peso = 2.06942 Vanuatu Vatu
1 Philippine Peso = 0.04922 Samoa Tala
1 Philippine Peso = 10.49099 CFA Franc (BEAC)
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1 Philippine Peso = 10.49099 CFA Franc (BCEAO)
1 Philippine Peso = 1.90938 Pacific Franc
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Japan’s June core machinery orders unexpectedly fall

TOKYO- Japan’s core machinery orders unexpectedly fell for a third consecutive month in June, underscoring companies’ reluctance to boost spending and conflicting with recent signs that the economic recovery is gathering momentum.

Core orders suffered a second straight quarter of declines in April-June, the first instance of consecutive quarterly falls since 2012. This casts doubt on policymakers’ optimism that brightening business sentiment will drive up capital expenditure ahead.

While analysts warn against reading too much into the highly volatile series, the June fall offers a negative note ahead of Monday’s second-quarter gross domestic product (GDP) data that is expected to show a solid growth recovery, driven by robust
domestic demand.

Core orders, regarded as an indicator of capital spending in the coming six to nine months, decreased 1.9 percent in June from the previous month, confounding a median market forecast for a 3.7 percent increase, Cabinet Office data showed on
Thursday.

It followed a 3.6 percent tumble in May that prompted the government to cut its assessment on machinery orders.

Companies surveyed by the Cabinet Office forecast that core orders would rise 7.0 pct in the July-September quarter.

“The third-quarter outlook for manufacturers’ orders isn’t bad,” said a government official who briefed reporters on the data. “Orders will likely be steady. But it’s hard to see a large increase.”

Core orders fell 4.7 percent in April-June from the previous quarter, the biggest quarterly decline in a year. The first quarter had a 1.4 percent drop.

Some analysts say capital expenditure remains in an uptrend, citing infrastructure demand for the 2020 Tokyo Olympic Games and the need for companies to spend on equipment to streamline operations amid intensifying labor shortages. – Reuters 



“Real interest rates are kept negative by the BOJ’s monetary policy so funding constraints are small. There’s no change to our view capital expenditure will increase in the medium-term,” said Takeshi Minami, chief economist at Norinchukin Research
Institute.

Robust global demand has boosted Japanese business confidence to a three-year high in the three months to June, heightening policymakers’ hopes that cautious companies will finally increase spending on plant and equipment.

A sustained economic recovery would help the Bank of Japan’s efforts to stamp out persistent deflation, though wages and inflation remain stubbornly low despite recent signs of rebounding private consumption.

Japan’s economy expanded an annualized 1.0 percent in the first quarter on robust exports.

Data due on Monday is likely to show the economy grew for a sixth straight quarter in April-June, a Reuters poll showed, buoyed by robust consumer spending and corporate capital investment.

The machinery orders figures do not directly affect GDP data as the government uses other indicators to calculate the capital investment component of GDP. – Reuters 


 
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