December 11, 2017, 7:26 pm
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1 Philippine Peso = 0.07278 UAE Dirham
1 Philippine Peso = 2.24757 Albanian Lek
1 Philippine Peso = 0.03528 Neth Antilles Guilder
1 Philippine Peso = 0.3421 Argentine Peso
1 Philippine Peso = 0.02639 Australian Dollar
1 Philippine Peso = 0.03528 Aruba Florin
1 Philippine Peso = 0.03964 Barbados Dollar
1 Philippine Peso = 1.63231 Bangladesh Taka
1 Philippine Peso = 0.03302 Bulgarian Lev
1 Philippine Peso = 0.00747 Bahraini Dinar
1 Philippine Peso = 34.69217 Burundi Franc
1 Philippine Peso = 0.01982 Bermuda Dollar
1 Philippine Peso = 0.02679 Brunei Dollar
1 Philippine Peso = 0.13598 Bolivian Boliviano
1 Philippine Peso = 0.06524 Brazilian Real
1 Philippine Peso = 0.01982 Bahamian Dollar
1 Philippine Peso = 1.27948 Bhutan Ngultrum
1 Philippine Peso = 0.20552 Botswana Pula
1 Philippine Peso = 396.82854 Belarus Ruble
1 Philippine Peso = 0.0396 Belize Dollar
1 Philippine Peso = 0.0255 Canadian Dollar
1 Philippine Peso = 0.01967 Swiss Franc
1 Philippine Peso = 12.99108 Chilean Peso
1 Philippine Peso = 0.13122 Chinese Yuan
1 Philippine Peso = 59.62339 Colombian Peso
1 Philippine Peso = 11.156 Costa Rica Colon
1 Philippine Peso = 0.01982 Cuban Peso
1 Philippine Peso = 1.85788 Cape Verde Escudo
1 Philippine Peso = 0.43044 Czech Koruna
1 Philippine Peso = 3.50505 Djibouti Franc
1 Philippine Peso = 0.12534 Danish Krone
1 Philippine Peso = 0.94034 Dominican Peso
1 Philippine Peso = 2.28612 Algerian Dinar
1 Philippine Peso = 0.26346 Estonian Kroon
1 Philippine Peso = 0.35183 Egyptian Pound
1 Philippine Peso = 0.53538 Ethiopian Birr
1 Philippine Peso = 0.01684 Euro
1 Philippine Peso = 0.04147 Fiji Dollar
1 Philippine Peso = 0.01479 Falkland Islands Pound
1 Philippine Peso = 0.01479 British Pound
1 Philippine Peso = 0.08907 Ghanaian Cedi
1 Philippine Peso = 0.93459 Gambian Dalasi
1 Philippine Peso = 178.43409 Guinea Franc
1 Philippine Peso = 0.14546 Guatemala Quetzal
1 Philippine Peso = 4.01804 Guyana Dollar
1 Philippine Peso = 0.1547 Hong Kong Dollar
1 Philippine Peso = 0.46587 Honduras Lempira
1 Philippine Peso = 0.12671 Croatian Kuna
1 Philippine Peso = 1.24044 Haiti Gourde
1 Philippine Peso = 5.28662 Hungarian Forint
1 Philippine Peso = 268.48364 Indonesian Rupiah
1 Philippine Peso = 0.06983 Israeli Shekel
1 Philippine Peso = 1.27788 Indian Rupee
1 Philippine Peso = 23.46878 Iraqi Dinar
1 Philippine Peso = 701.16946 Iran Rial
1 Philippine Peso = 2.06938 Iceland Krona
1 Philippine Peso = 2.47374 Jamaican Dollar
1 Philippine Peso = 0.01402 Jordanian Dinar
1 Philippine Peso = 2.24961 Japanese Yen
1 Philippine Peso = 2.04063 Kenyan Shilling
1 Philippine Peso = 1.38206 Kyrgyzstan Som
1 Philippine Peso = 79.68285 Cambodia Riel
1 Philippine Peso = 8.28543 Comoros Franc
1 Philippine Peso = 17.83944 North Korean Won
1 Philippine Peso = 21.63231 Korean Won
1 Philippine Peso = 0.00598 Kuwaiti Dinar
1 Philippine Peso = 0.01625 Cayman Islands Dollar
1 Philippine Peso = 6.6333 Kazakhstan Tenge
1 Philippine Peso = 164.81665 Lao Kip
1 Philippine Peso = 29.84143 Lebanese Pound
1 Philippine Peso = 3.03469 Sri Lanka Rupee
1 Philippine Peso = 2.47968 Liberian Dollar
1 Philippine Peso = 0.27056 Lesotho Loti
1 Philippine Peso = 0.06043 Lithuanian Lita
1 Philippine Peso = 0.0123 Latvian Lat
1 Philippine Peso = 0.02704 Libyan Dinar
1 Philippine Peso = 0.18759 Moroccan Dirham
1 Philippine Peso = 0.34103 Moldovan Leu
1 Philippine Peso = 1.03171 Macedonian Denar
1 Philippine Peso = 26.9772 Myanmar Kyat
1 Philippine Peso = 48.22597 Mongolian Tugrik
1 Philippine Peso = 0.15934 Macau Pataca
1 Philippine Peso = 6.97721 Mauritania Ougulya
1 Philippine Peso = 0.67096 Mauritius Rupee
1 Philippine Peso = 0.30426 Maldives Rufiyaa
1 Philippine Peso = 14.14153 Malawi Kwacha
1 Philippine Peso = 0.37538 Mexican Peso
1 Philippine Peso = 0.08101 Malaysian Ringgit
1 Philippine Peso = 0.27055 Namibian Dollar
1 Philippine Peso = 7.11596 Nigerian Naira
1 Philippine Peso = 0.60852 Nicaragua Cordoba
1 Philippine Peso = 0.16439 Norwegian Krone
1 Philippine Peso = 2.04432 Nepalese Rupee
1 Philippine Peso = 0.02898 New Zealand Dollar
1 Philippine Peso = 0.00763 Omani Rial
1 Philippine Peso = 0.01982 Panama Balboa
1 Philippine Peso = 0.06409 Peruvian Nuevo Sol
1 Philippine Peso = 0.06435 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.09514 Pakistani Rupee
1 Philippine Peso = 0.07069 Polish Zloty
1 Philippine Peso = 111.87314 Paraguayan Guarani
1 Philippine Peso = 0.07216 Qatar Rial
1 Philippine Peso = 0.07797 Romanian New Leu
1 Philippine Peso = 1.17163 Russian Rouble
1 Philippine Peso = 16.55857 Rwanda Franc
1 Philippine Peso = 0.07433 Saudi Arabian Riyal
1 Philippine Peso = 0.15331 Solomon Islands Dollar
1 Philippine Peso = 0.26983 Seychelles Rupee
1 Philippine Peso = 0.13201 Sudanese Pound
1 Philippine Peso = 0.16747 Swedish Krona
1 Philippine Peso = 0.0268 Singapore Dollar
1 Philippine Peso = 0.0148 St Helena Pound
1 Philippine Peso = 0.44016 Slovak Koruna
1 Philippine Peso = 151.23885 Sierra Leone Leone
1 Philippine Peso = 11.08028 Somali Shilling
1 Philippine Peso = 412.8087 Sao Tome Dobra
1 Philippine Peso = 0.17344 El Salvador Colon
1 Philippine Peso = 10.20773 Syrian Pound
1 Philippine Peso = 0.27056 Swaziland Lilageni
1 Philippine Peso = 0.64618 Thai Baht
1 Philippine Peso = 0.04946 Tunisian Dinar
1 Philippine Peso = 0.04551 Tongan paʻanga
1 Philippine Peso = 0.07598 Turkish Lira
1 Philippine Peso = 0.13358 Trinidad Tobago Dollar
1 Philippine Peso = 0.59489 Taiwan Dollar
1 Philippine Peso = 44.28147 Tanzanian Shilling
1 Philippine Peso = 0.53697 Ukraine Hryvnia
1 Philippine Peso = 71.63528 Ugandan Shilling
1 Philippine Peso = 0.01982 United States Dollar
1 Philippine Peso = 0.57542 Uruguayan New Peso
1 Philippine Peso = 160.35679 Uzbekistan Sum
1 Philippine Peso = 0.19772 Venezuelan Bolivar
1 Philippine Peso = 450.12883 Vietnam Dong
1 Philippine Peso = 2.12071 Vanuatu Vatu
1 Philippine Peso = 0.05137 Samoa Tala
1 Philippine Peso = 11.04004 CFA Franc (BEAC)
1 Philippine Peso = 0.05352 East Caribbean Dollar
1 Philippine Peso = 11.53221 CFA Franc (BCEAO)
1 Philippine Peso = 2.00932 Pacific Franc
1 Philippine Peso = 4.95441 Yemen Riyal
1 Philippine Peso = 0.27055 South African Rand
1 Philippine Peso = 102.86422 Zambian Kwacha
1 Philippine Peso = 7.17344 Zimbabwe dollar

PH to liberalize 8 sectors

In a bid to raise the Philippines’ level of competitiveness, Malacañang has directed the National Economic and Development Authority (NEDA) Board and its member-agencies to ease or lift some restrictions on investment activities that have limited foreign participation, Presidential Spokesman Harry Roque said the directive was contained in Memorandum Circular No. 16  signed November 21.

Under the issuance, NEDA and other concerned agencies were ordered to take immediate steps to lift or ease existing restrictions on foreign participation in eight investment areas that include  private recruitment for local and overseas employments and practice of particular professions, where allowing foreign participation will redound to the public benefit.

Also covered by the order are contracts for the construction and repair of locally-funded public works; teaching at higher education levels; retail trade enterprises; domestic market enterprises; and culture, production, milling, processing, and trading except retailing, of rice and corn and acquiring by barter, purchase or otherwise, rice, corn, and other by-products.

It also eases government restriction on public services, except activities and systems recognized as public utilities such as transmission and distribution of electricity, water, pipeline distribution system, and sewerage pipeline system.

Ernesto Pernia, socioeconomic planning secretary and NEDA director-general, said  the government will review the investment areas listed in the memo released by Malacanang, with the sectors being eyed for easing of existing restrictions on foreign participation.

“The review will depend on the agencies. These are the ones that are needed, they are the priorities,” Pernia said.

For those that will require legislation, Pernia said  most of the bills have  been filed.

“Hopefully, with the President’s push, (it will be passed) by first quarter of next year,” he said. 

Under the 1987 Constitution, foreign ownership in some key businesses is  limited to 40 percent. 

The Philippines, which grew by 6.9 percent in the last quarter making it the second fastest growing economy in Asia, is the world’s 56th most competitive economy.

The memorandum circular said easing or lifting of some restrictions aims to “raise the Philippines’ level of competitiveness, and to foster higher economic growth in Asean and beyond through joint endeavors and partnerships with other countries.”

The  issuance also directs the NEDA Board to support legislative efforts that may be necessary to eliminate or relax the said restrictions, including a pending legislation seeking to clarify the definition of public utilities. 

The NEDA Board is also directed to immediately advise the President regarding restrictions on foreign participation, which may already be lifted or eased “without the need of legislation” and with the “aim to amend the Tenth Regular Foreign Investment Negative List under Executive Order (EO) No. 184 issued in 2015,” in accordance with the objectives of the order.

The foreign investment negative list (FINL) was formulated by virtue of Republic Act (RA) No. 7042, also known as the “Foreign Investments Act of 1991,” which provides for the formulation of a Regular FINL covering investment areas/activities open to foreign investors and/or reserved to Filipino nationals.  The list also indicates the extent of foreign equity participation in specific investment activities. (with A. Celis)
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