May 28, 2018, 5:39 am
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 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.”
Category: 
Rating: 
No votes yet

Column of the Day

When Henry met Rachel

Dahli Aspillera's picture
By DAHLI ASPILLERA | May 28,2018
‘Hollywood’s Rachel Meghan Markle, emboldened by her prince, will be an agent of change for the British royals. Enough of this English coldness... bring on the American effervescent outpouring Diana-style.’

Opinion of the Day

Conchita Carpio-Morales’ legacy

Ellen Tordesillas's picture
By ELLEN TORDESILLAS | May 28, 2018
‘That she has taken up the cases against the Dutertes despite heavy pressure from Malacañang is her legacy to the Filipino people.’