March 19, 2018, 10:44 am
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1 Philippine Peso = 0.07076 UAE Dirham
1 Philippine Peso = 2.0501 Albanian Lek
1 Philippine Peso = 0.0343 Neth Antilles Guilder
1 Philippine Peso = 0.38842 Argentine Peso
1 Philippine Peso = 0.02496 Australian Dollar
1 Philippine Peso = 0.0343 Aruba Florin
1 Philippine Peso = 0.03854 Barbados Dollar
1 Philippine Peso = 1.59711 Bangladesh Taka
1 Philippine Peso = 0.03064 Bulgarian Lev
1 Philippine Peso = 0.00726 Bahraini Dinar
1 Philippine Peso = 33.73757 Burundi Franc
1 Philippine Peso = 0.01927 Bermuda Dollar
1 Philippine Peso = 0.02536 Brunei Dollar
1 Philippine Peso = 0.13218 Bolivian Boliviano
1 Philippine Peso = 0.0632 Brazilian Real
1 Philippine Peso = 0.01927 Bahamian Dollar
1 Philippine Peso = 1.24952 Bhutan Ngultrum
1 Philippine Peso = 0.18446 Botswana Pula
1 Philippine Peso = 385.7418 Belarus Ruble
1 Philippine Peso = 0.03849 Belize Dollar
1 Philippine Peso = 0.02523 Canadian Dollar
1 Philippine Peso = 0.01834 Swiss Franc
1 Philippine Peso = 11.71927 Chilean Peso
1 Philippine Peso = 0.12196 Chinese Yuan
1 Philippine Peso = 55 Colombian Peso
1 Philippine Peso = 10.83487 Costa Rica Colon
1 Philippine Peso = 0.01927 Cuban Peso
1 Philippine Peso = 1.72909 Cape Verde Escudo
1 Philippine Peso = 0.39802 Czech Koruna
1 Philippine Peso = 3.40713 Djibouti Franc
1 Philippine Peso = 0.11676 Danish Krone
1 Philippine Peso = 0.95896 Dominican Peso
1 Philippine Peso = 2.19576 Algerian Dinar
1 Philippine Peso = 0.2451 Estonian Kroon
1 Philippine Peso = 0.33786 Egyptian Pound
1 Philippine Peso = 0.52447 Ethiopian Birr
1 Philippine Peso = 0.01566 Euro
1 Philippine Peso = 0.03882 Fiji Dollar
1 Philippine Peso = 0.01381 Falkland Islands Pound
1 Philippine Peso = 0.01383 British Pound
1 Philippine Peso = 0.08486 Ghanaian Cedi
1 Philippine Peso = 0.90173 Gambian Dalasi
1 Philippine Peso = 173.4682 Guinea Franc
1 Philippine Peso = 0.14135 Guatemala Quetzal
1 Philippine Peso = 3.95511 Guyana Dollar
1 Philippine Peso = 0.15109 Hong Kong Dollar
1 Philippine Peso = 0.45397 Honduras Lempira
1 Philippine Peso = 0.11662 Croatian Kuna
1 Philippine Peso = 1.24432 Haiti Gourde
1 Philippine Peso = 4.86975 Hungarian Forint
1 Philippine Peso = 264.79768 Indonesian Rupiah
1 Philippine Peso = 0.06653 Israeli Shekel
1 Philippine Peso = 1.25202 Indian Rupee
1 Philippine Peso = 22.8131 Iraqi Dinar
1 Philippine Peso = 726.26201 Iran Rial
1 Philippine Peso = 1.91715 Iceland Krona
1 Philippine Peso = 2.44817 Jamaican Dollar
1 Philippine Peso = 0.01361 Jordanian Dinar
1 Philippine Peso = 2.04193 Japanese Yen
1 Philippine Peso = 1.94701 Kenyan Shilling
1 Philippine Peso = 1.31502 Kyrgyzstan Som
1 Philippine Peso = 76.72447 Cambodia Riel
1 Philippine Peso = 7.69364 Comoros Franc
1 Philippine Peso = 17.34104 North Korean Won
1 Philippine Peso = 20.59788 Korean Won
1 Philippine Peso = 0.00577 Kuwaiti Dinar
1 Philippine Peso = 0.0158 Cayman Islands Dollar
1 Philippine Peso = 6.21407 Kazakhstan Tenge
1 Philippine Peso = 159.5183 Lao Kip
1 Philippine Peso = 29.01156 Lebanese Pound
1 Philippine Peso = 3.00482 Sri Lanka Rupee
1 Philippine Peso = 2.52331 Liberian Dollar
1 Philippine Peso = 0.23064 Lesotho Loti
1 Philippine Peso = 0.05874 Lithuanian Lita
1 Philippine Peso = 0.01196 Latvian Lat
1 Philippine Peso = 0.02554 Libyan Dinar
1 Philippine Peso = 0.17689 Moroccan Dirham
1 Philippine Peso = 0.31757 Moldovan Leu
1 Philippine Peso = 0.96012 Macedonian Denar
1 Philippine Peso = 25.78035 Myanmar Kyat
1 Philippine Peso = 46.03083 Mongolian Tugrik
1 Philippine Peso = 0.15554 Macau Pataca
1 Philippine Peso = 6.76301 Mauritania Ougulya
1 Philippine Peso = 0.6368 Mauritius Rupee
1 Philippine Peso = 0.3 Maldives Rufiyaa
1 Philippine Peso = 13.74605 Malawi Kwacha
1 Philippine Peso = 0.35992 Mexican Peso
1 Philippine Peso = 0.07528 Malaysian Ringgit
1 Philippine Peso = 0.23044 Namibian Dollar
1 Philippine Peso = 6.87861 Nigerian Naira
1 Philippine Peso = 0.59692 Nicaragua Cordoba
1 Philippine Peso = 0.14861 Norwegian Krone
1 Philippine Peso = 2.00301 Nepalese Rupee
1 Philippine Peso = 0.02669 New Zealand Dollar
1 Philippine Peso = 0.00742 Omani Rial
1 Philippine Peso = 0.01927 Panama Balboa
1 Philippine Peso = 0.06293 Peruvian Nuevo Sol
1 Philippine Peso = 0.06089 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.12852 Pakistani Rupee
1 Philippine Peso = 0.06613 Polish Zloty
1 Philippine Peso = 106.35838 Paraguayan Guarani
1 Philippine Peso = 0.07013 Qatar Rial
1 Philippine Peso = 0.07303 Romanian New Leu
1 Philippine Peso = 1.108 Russian Rouble
1 Philippine Peso = 16.24143 Rwanda Franc
1 Philippine Peso = 0.07225 Saudi Arabian Riyal
1 Philippine Peso = 0.14897 Solomon Islands Dollar
1 Philippine Peso = 0.25942 Seychelles Rupee
1 Philippine Peso = 0.34781 Sudanese Pound
1 Philippine Peso = 0.15787 Swedish Krona
1 Philippine Peso = 0.02537 Singapore Dollar
1 Philippine Peso = 0.01381 St Helena Pound
1 Philippine Peso = 0.42786 Slovak Koruna
1 Philippine Peso = 147.01348 Sierra Leone Leone
1 Philippine Peso = 10.88632 Somali Shilling
1 Philippine Peso = 384.19653 Sao Tome Dobra
1 Philippine Peso = 0.16859 El Salvador Colon
1 Philippine Peso = 9.92254 Syrian Pound
1 Philippine Peso = 0.23065 Swaziland Lilageni
1 Philippine Peso = 0.60154 Thai Baht
1 Philippine Peso = 0.0462 Tunisian Dinar
1 Philippine Peso = 0.04308 Tongan paʻanga
1 Philippine Peso = 0.0755 Turkish Lira
1 Philippine Peso = 0.12954 Trinidad Tobago Dollar
1 Philippine Peso = 0.56091 Taiwan Dollar
1 Philippine Peso = 43.31406 Tanzanian Shilling
1 Philippine Peso = 0.50848 Ukraine Hryvnia
1 Philippine Peso = 70.36609 Ugandan Shilling
1 Philippine Peso = 0.01927 United States Dollar
1 Philippine Peso = 0.54624 Uruguayan New Peso
1 Philippine Peso = 156.45471 Uzbekistan Sum
1 Philippine Peso = 704.39304 Venezuelan Bolivar
1 Philippine Peso = 438.59343 Vietnam Dong
1 Philippine Peso = 2.01233 Vanuatu Vatu
1 Philippine Peso = 0.0486 Samoa Tala
1 Philippine Peso = 10.2763 CFA Franc (BEAC)
1 Philippine Peso = 0.05202 East Caribbean Dollar
1 Philippine Peso = 10.2763 CFA Franc (BCEAO)
1 Philippine Peso = 1.85954 Pacific Franc
1 Philippine Peso = 4.81503 Yemen Riyal
1 Philippine Peso = 0.23062 South African Rand
1 Philippine Peso = 99.99036 Zambian Kwacha
1 Philippine Peso = 6.97302 Zimbabwe dollar

Ph telecom players tap Asean

THE country’s two major telecom players, Philippine Long Distance Telephone Co. and Globe Telecom Inc., are ready to compete with regional telecom players through further expansion of the e-commerce and mobile payments services in Asean.

PLDT Group through its wireless subsidiary Smart Communication Inc. has Smart Money while Globe through G-Xchange Inc offers G-cash.

The homegrown service of the two companies has transformed the mobile phone into an electronic or virtual wallet that allows subscribers to send money, purchase goods and services, pay bills, and buy airtime load.

PLDT Group has partnered with Berlin-based Rocket Internet AG to expand its presence in Asean countries and in other regions such Latin America, South Asia and Africa where Rocket Internet has established a significant presence.

“It isn’t yet clear how the implementation of Asean regional economic project will impact on our industry — both at home and abroad.  What is clear is that we shall increase our presence in e-commerce and mobile payments — both here and overseas — through our partnership with Rocket Internet,” said Ramon Isberto, Smart head of public affairs. 

PLDT recently announced it is investing P1.54 billion for a 33 percent stake in a joint venture company formed with Rocket called Philippine Internet Group which will focus on creating and developing online businesses in the Philippines .

“We have just created two new joint ventures with Rocket — one for mobile payments here and overseas and another for e-commerce in the Philippines.  Some of that expansion will take place in Asean.  But expansion will also take place in other countries in other regions such Latin America, South Asia and Africa where Rocket Internet has established a significant presence” Isberto added .

Prior to PLDT investment in Rocket, the company has been expanding its international footprint  via the so-called mobile virtual network operator (MVNO) set up through partnership with operators in the countries where large numbers of Filipinos reside — such as Hong Kong, Singapore, Taiwan, Guam, and more recently the United States and the United Kingdom.  

“The driving logic of our international presence has not been the setting up of regional economic groupings, but rather the concentration of large numbers of overseas Filipinos” Isberto said.

Globe Telecom for its part has also been keen about staking its place in the international market. Last November the company announced it is expanding in the region, with Myanmar as its first venture outside the Philippines.

Ernest Cu, president and chief executive officer of Globe Telecom, said at the recent Asia Pacific Economic Cooperation (APEC) CEO Summit in Beijing, China that possible areas the company could get involved in are financial services and mobile advertising, citing their potential. 

“We’ve always taken the position that if consumer habits are changing, then we have to change along with it and deliver what’s relevant to them. The real prize would be getting all of these individuals to access the Internet through their mobile phones and alternatives offered by different mobile apps become more commonplace and become the main mode of communication,” Cu said. 

Cu also indicated the possibility of offering its mobile-based banking service in other Southeast Asian markets once the Asean Economic Community is in place. This will be spearheaded by Globe subsidiary G-Xchange, Inc. which operates its mobile money service GCash, as well as BanKO, a joint venture with parent company Ayala Corp and sister-firm Bank of the Philippine Islands, which offers a mobile-based, microfinance-focused savings platform. 
Asean integration

The local telecom players are expected to benefit from the Asean integration given that their foreign partners have strong presence in the international market, according to Edgardo Cabarios, director for common carrier at the National Telecommunication  Commission.

PLDT is partly owned by leading Japan mobile operator NTT Docomo and First Pacific Group a Hong Kong based investment and management and holding company with operation in Asia. Globe is partly owned by Singapore Telecommunication Ltd.

In terms of competition, foreign telecom firms still need local partners to allow them to operate in the Philippines since they can only own up to 40 percent in a telecommunication venture.

“Because of the constitutional constraints… 60-40 (ownership), foreign players cannot enter (invest) in the Philippines (as) 100 percent (fully-owned entities),” Cabarios said .  

Gil Genio, executive vice president and chief operating officer for International and Business Markets of Globe, said the company will play a major role in offering core services, such as voice and data, as well as information and communications technology services to major industries and companies operating within the AEC.

“Being a service provider to them, it is important that we support telecommunications infrastructure for the said companies, not just those in the Philippines but for the rest of the Asean countries. 

Genio sees as an opportunity for Globe to serve its clients on a much larger scale once AEC is put in place.

“It is likely therefore that if a large business entity is into manufacturing, it must have a footprint across the region: a manufacturing plant in one country, logistics in another, and customers all throughout.

Therefore we must be able to `connect’ them altogether through a robust telecommunications infrastructure.  We consider that a major opportunity for us,” Genio said.

Genio stressed that telecommunication access is one of the key components in the trade agreements signed by Asean members.

Genio said Globe is ready to serve individual customers other than the mobile banking through its roaming services, an important source of revenue for the company.

“Our individual customers, especially those who will find themselves frequently travelling across Asean borders, will be happy to know that we currently are strengthening our outbound roaming offerings. We believe it will also encourage more outbound travel for Filipinos,” Genio added. 

He said Philippine visitors will note the developments and upgraded facilities by Globe such as in hotels, airports and other travel-based facilities. 

“Across Asean, we foresee a similar trend of tourist influx,” Genio  said. 

For Filipinos who travel abroad, Globe is rolling out initiatives to heighten their overall experience, such as bill shock prevention for example, through a default “unli” service so that when one travels without registering, he or she will only be charged with a flat rate. That will be a substantial opportunity for Globe as a service provider for incoming and outbound tourists. 

“We are putting in place concepts like that, much the same as other Asean telcos are preparing,” Genio said. 

Globe is also offering local SIMs (subscriber identity modules) at the Ninoy Aquino International Airport and other airports across the Philippines. 

Globe is also beefing up its LTE (long-term evolution) footprint that will improve dramatically the experience of accessing the internet especially now that  customers  have  chosen to access the World Wide Web through their mobile phones and tablets. 

“The ability to push internet speeds through LTE is important. Across the country, we have blanketed the Philippines with 3G coverage everywhere. There should be no situation in the future where there is a site without 3G signal. We have an ongoing program now to put significantly many more sites on LTE. That will improve significantly the internet experience for everyone,” Genio said. 

Globe has the largest number of partners for LTE roaming agreements with 18 operators, including South Korea, Singapore and Hong Kong. 

“That will allow us to capture travelers from these Asean communities, and for business customers, vitalize free trade agreements in the participating countries,” Genio said.
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