December 13, 2017, 5:23 am
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1 Philippine Peso = 0.07286 UAE Dirham
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1 Philippine Peso = 0.01486 Falkland Islands Pound
1 Philippine Peso = 0.01487 British Pound
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1 Philippine Peso = 0.93552 Gambian Dalasi
1 Philippine Peso = 178.63095 Guinea Franc
1 Philippine Peso = 0.14558 Guatemala Quetzal
1 Philippine Peso = 4.02202 Guyana Dollar
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1 Philippine Peso = 0.46552 Honduras Lempira
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1 Philippine Peso = 1.27806 Indian Rupee
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1 Philippine Peso = 2.47282 Jamaican Dollar
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1 Philippine Peso = 21.5879 Korean Won
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1 Philippine Peso = 0.34038 Moldovan Leu
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1 Philippine Peso = 27.00397 Myanmar Kyat
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1 Philippine Peso = 0.37825 Mexican Peso
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1 Philippine Peso = 0.16524 Norwegian Krone
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1 Philippine Peso = 0.06416 Peruvian Nuevo Sol
1 Philippine Peso = 0.06375 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.16171 Pakistani Rupee
1 Philippine Peso = 0.07086 Polish Zloty
1 Philippine Peso = 111.49603 Paraguayan Guarani
1 Philippine Peso = 0.07223 Qatar Rial
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1 Philippine Peso = 1.16704 Russian Rouble
1 Philippine Peso = 16.57698 Rwanda Franc
1 Philippine Peso = 0.0744 Saudi Arabian Riyal
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1 Philippine Peso = 0.26488 Seychelles Rupee
1 Philippine Peso = 0.13228 Sudanese Pound
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1 Philippine Peso = 0.02681 Singapore Dollar
1 Philippine Peso = 0.01487 St Helena Pound
1 Philippine Peso = 0.4406 Slovak Koruna
1 Philippine Peso = 151.38888 Sierra Leone Leone
1 Philippine Peso = 11.05159 Somali Shilling
1 Philippine Peso = 412.7976 Sao Tome Dobra
1 Philippine Peso = 0.17361 El Salvador Colon
1 Philippine Peso = 10.21786 Syrian Pound
1 Philippine Peso = 0.26978 Swaziland Lilageni
1 Philippine Peso = 0.64663 Thai Baht
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1 Philippine Peso = 0.04555 Tongan paʻanga
1 Philippine Peso = 0.07593 Turkish Lira
1 Philippine Peso = 0.13154 Trinidad Tobago Dollar
1 Philippine Peso = 0.59567 Taiwan Dollar
1 Philippine Peso = 44.30555 Tanzanian Shilling
1 Philippine Peso = 0.53914 Ukraine Hryvnia
1 Philippine Peso = 71.66666 Ugandan Shilling
1 Philippine Peso = 0.01984 United States Dollar
1 Philippine Peso = 0.57401 Uruguayan New Peso
1 Philippine Peso = 160.53571 Uzbekistan Sum
1 Philippine Peso = 0.19792 Venezuelan Bolivar
1 Philippine Peso = 450.57538 Vietnam Dong
1 Philippine Peso = 2.11786 Vanuatu Vatu
1 Philippine Peso = 0.05142 Samoa Tala
1 Philippine Peso = 11.04186 CFA Franc (BEAC)
1 Philippine Peso = 0.05357 East Caribbean Dollar
1 Philippine Peso = 11.51528 CFA Franc (BCEAO)
1 Philippine Peso = 1.99881 Pacific Franc
1 Philippine Peso = 4.95933 Yemen Riyal
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1 Philippine Peso = 102.96627 Zambian Kwacha
1 Philippine Peso = 7.18056 Zimbabwe dollar

PH mulls P30B Marawi bonds

The Philippines might raise P30 billion  by selling 20-year bonds in the domestic market to fund the rehabilitation and rebuilding of the besieged Marawi City. 

Carlos Dominguez III, finance secretary, has directed the Bureau of Treasury (BTr) to study the possible issuance of P30 billion-worth of debt securities.

Dominguez said the debt instruments, dubbed as “Marawi bonds” would appeal to the patriotic sense of duty of citizens who would like to help rebuild the lives of their fellow Filipinos in Marawi.

“These are what you would call ‘patriotic’ bonds to help augment the funds that the government has set aside for Marawi’s rehabilitation,” Dominguez said at a recent DOF executive committee (Execom) meeting.

Dominguez asked National Treasurer Rosalia de Leon at the Execom meeting to study the tenor or length of maturity of the bond, which could possibly be for 20 years.

In a separate statement, Department of Budget and Management (DBM) Secretary Benjamin Diokno said the government will release at least P15 billion to rehabilitate Marawi in the next two years. 

The allocations would form part of the proposed budget of the Marawi reconstruction masterplan spearheaded by the  Department of Public Works and Highways (DPWH).

“The initial fund of P5 billion for 2017 will be sourced from the 2016 and 2017 NDRRM (National Disaster Risk Reduction and Management Council) fund with a combined remaining balance of around P7.4 billion, and the 2017 contingent fund with a balance of almost P3.35 billion, both as of July 2017,” Diokno said.

For the NDRRM fund for 2018, P25.5 billion has been allocated, of which P10 billion had been allotted for the Marawi recovery and rehabilitation program, according to Diokno.

An end to the fighting in Marawi, which has entered a 12th week, is not in sight as pro-Islamic State militants remain entrenched in the commercial district despite weeks of military air strikes and shelling.

The government has yet to estimate the cost from damage to infrastructure plus economic losses in the standoff.

Duterte has initially set asideP 20 billion to be partly sourced from the government’s disaster fund, to finance the rebuilding of the city of more than 200,000 people. Officials in Marawi said about 20 percent of the city has been destroyed.

Nearly 700 people, including 120 soldiers, have been killed since the militants, aided by foreign fighters from Indonesia, Malaysia and the Middle East, seized control of Marawi City on May 23.

Duterte has extended martial law on the southern island of Mindanao until the end of the year, to give him time to crush a rebel movement inspired by the Islamic State group. – (with Reuters )
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Column of the Day

Unhealthy foods

By PHILIP S. CHUA | December 13,2017
‘Hazardous to our health: Refined sugars, artificial sugars, processed meats/vegetables/fruits, etc., potato chips, and soft drinks of any kind.’

Opinion of the Day

Special Science & Nature City of the Philippines

By DAHLI ASPILLERA | December 13, 2017
‘1982--The 1st Science Community. Easily, the choice was Los Baños. Over the years, Los Baños and UPLB were consistent in producing research and development (R&D) outputs of service to the community. --DOST Secretary Dr. Fortunato Tanseco de la Peña.’