May 25, 2018, 3:37 am
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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

PH CEOs pessimistic over tax environment

Business executives in the Philippines along with Myanmar are among  the most pessimistic about the domestic tax environment, findings of the  Business Barometer: OBG in Asean CEO Survey show.

The highlights of the survey, contained in OBG’s Editors’ Blog, did not discuss this finding in detail but the survey was done in 2017 just  as the Philippines was about to implement its tax reforms.

Philippine executives join five Asean members optimistic of business prospects.

 Around 84 percent of executives surveyed across six Asean  states – Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam – had positive or very positive expectations for local business conditions in the coming 12 months, while 72 percent were likely or very likely to make a significant capital investment

 The survey covered  over 550 C-suite executives from Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam a wide-ranging series of questions in face-to-face meetings. Significantly, by collating a collective sample, the team was able to gauge and analyse regional investor confidence, while also noting varying national perceptions within the bloc.

 The largest national sample came from Indonesia, followed by the Philippines, Myanmar and Thailand, while the smallest samples were taken from Vietnam and Malaysia. 
 
From the business leaders interviewed, 72 percent told OBG that they were likely or very likely to make a significant capital investment within the next 12 months. 

An even higher share (around 84 percent) of executives surveyed across the six Asean states had positive or very positive expectations for local business conditions over the same timeframe.

 In a sign of the key role played by the private sector in generating growth across the bloc, three-quarters of respondents said that government spending accounted for less than 40 percent of business in their respective sectors.

 OBG’s findings also confirmed the influence that China continues to exert on the Asean markets, with the highest proportion of respondents (33 percent) citing a slowdown in the Asian giant’s economy as the external factor they believed would have the greatest impact on short-to-medium-term domestic growth. 

Trade between China and Asean reached a record level of $514.8 billion  in 2017, according to official Chinese figures. China also tops the list of trading partners for all six countries represented in OBG’s survey.
 
A similar share (31 percent) cited leadership as the attribute most in need across the workforce in their respective markets, followed by engineering (28 percent), and research and development (15 percent), highlighting skills gaps across the region that could hinder competitiveness if left unaddressed.
 
When it came to transparency, the picture was varied. Almost half (47 percent) of business leaders interviewed described transparency in their market as high or very high relative to the region, while a similar share (41 percent) said it was low or very low. 

Responses were similar to a question about tax competitiveness, with half of the respondents referring to their country’s tax environment as either uncompetitive or very uncompetitive on a global scale, while 41 percent said it was competitive or very competitive.
 
Executives from Vietnam and Myanmar were most negative about business transparency levels, with CEOs from the latter also among the most pessimistic about the domestic tax environment, alongside executives from the Philippines. 

CEOs from Vietnam, together with others in Malaysia and Thailand, were more positive about their respective tax environments.
 
 Patrick Cooke, OBG’s regional editor for Asia, said the strong business sentiment and high expectations documented in the inaugural OBG in Asean CEO Survey were in line with the region’s current position as the leading engine of global economic expansion.

 Cooke,  however, noted  external risks could derail Asean’s momentum, particularly as the world’s two biggest economies continue to impose anti-trade measures on one another, whilst China’s growth is expected to moderate somewhat as it focuses on de-risking its financial sector and rebalancing its economy towards consumption-led expansion.

 Cooke said survey questions on tax, credit access and transparency inevitably produced mixed responses, reflecting the varying stages of development and economic priorities of the markets surveyed.
 
“Perhaps what this mixed picture of the business environment demonstrates above all else is that despite ongoing efforts towards the harmonization of certain laws, standards, regulations and practices across the bloc, significant development disparities and competing fiscal regimes remain obstacles to the smooth integration of the Asean Economic Community , which by 2025 aims to create a cohesive single market and production base that promotes ‘shared prosperity’ among all members,” he said.
 
He added that if the AEC is to succeed in its ambition of creating “a people-centered, outward-looking bloc that is highly integrated in international value chains”, member states will need to make education and skills development a priority, “as the region looks to cultivate a new generation of innovators that can translate ideas into sustainable wealth and job generation against a backdrop of intense global competition and rapid technological change, which will give birth to new industries while sounding the death knell for others.”
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