December 12, 2017, 12:56 am
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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

PT&T bids for 3rd telco

Philippine Telegraph & Telephone Corp will partner with Chinese companies to challenge the nation’s two dominant telecoms groups, its chairman said on Tuesday, a move which could be a game changer in the local market.

Salvador Zamora said PT&T is talking to eight companies about forming strategic partnerships and it is set to sign a deal with one before the end of the year as part of plans to turn a niche player into a domestic force.

Zamora bought into the little-known, debt-ridden firm for just P264.9 million  in August to get a share of a $5.3 billion telecoms sector which for years have been dominated by PLDT and Globe.

“We will not just be content to be the third telco. We want to be second, and then perhaps even first, if we are able to satisfy our customers,” Zamora told Reuters in an interview.

Zamora’s confirmation of PT&T’s engagement with Chinese firms comes after President  Duterte offered China the “privilege” of being his country’s third telecoms operator, following through on a threat he made last year to Globe and PLDT to shape up, or face competition. 

Zamora, whose business interests include mining, real estate and energy, described Duterte’s move as a “Godsend”, adding that Chinese companies could not operate alone in the Philippines and would need to partner with a local firm.

The constitution’s 40 percent cap on foreign ownership of domestic telecoms companies has kept interest from multinational firms at bay in the market of over 100 million people.

PT&T is listed on the Philippine Stock Exchange and provides broadband services to a thousand customers in Manila and adjacent provinces. Trade in its shares was voluntarily suspended back in 2004, but Zamora said the firm was working towards resuming dealings.

PT&T is looking for strategic partners to expand its broadband and launch cellphone operations in the next few years, which would end a Philippine duopoly that critics say has stifled competition and resulted in poor quality services and patchy voice and data.

Last year, PLDT and Globe joined forces to buy a prized mobile spectrum for $1.5 billion from a potential rival, San Miguel Corp, strengthening their grip on the local telecoms market.

Both companies have said they welcome competition and are making upgrades to improve data and voice services, ranked among the Asia-Pacific’s slowest and most intermittent.

“PT&T’s rejuvenation...will certainly benefit from a partner that can bring in both capital, as well as technology and operational know-how,” said Winthrop Yu, chairman of Internet Society Philippines, an industry body.

“As we like to say ‘the more the merrier’ and ‘better sooner than later.”

Zamora said PT&T expects to sign a deal by December  15 with ZhongXing TianTong Technology Co Ltd to offer broadband services, and wants foreign partners to provide expertise, infrastructure and capital for internet expansion and new cellular services.

It is also talking with China Telecom and Datang Telecom, PT&T officials said. Those companies did not immediately respond to request for comment.

“The Zamoras are adept at getting into partnerships with foreign companies in their other business ventures. This should give them an advantage, given their track record,” said Mary Grace Santos, lead convenor of the Better Broadband Alliance.

PT&T has existing licenses for broadband and cellular businesses, which makes it easy for the company to roll out these services.

Duterte’s administration is seeking to set up a national broadband network and is eager to boost internet penetration and bandwidth in a country known for having some of the slowest speeds in the Asia-Pacific.

“The market is so vast here. It seems the competitors, the duopoly, they are not at all customer-oriented,” Zamora said.

“Even the president complains about them. Everybody complains about them but still they continue their poor service.” – Reuters 
 
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