February 22, 2017, 2:13 pm
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1 Philippine Peso = 0.07293 UAE Dirham
1 Philippine Peso = 2.52581 Albanian Lek
1 Philippine Peso = 0.03515 Neth Antilles Guilder
1 Philippine Peso = 0.30481 Argentine Peso
1 Philippine Peso = 0.02586 Australian Dollar
1 Philippine Peso = 0.03554 Aruba Florin
1 Philippine Peso = 0.03971 Barbados Dollar
1 Philippine Peso = 1.57506 Bangladesh Taka
1 Philippine Peso = 0.03647 Bulgarian Lev
1 Philippine Peso = 0.00748 Bahraini Dinar
1 Philippine Peso = 33.46168 Burundi Franc
1 Philippine Peso = 0.01986 Bermuda Dollar
1 Philippine Peso = 0.02815 Brunei Dollar
1 Philippine Peso = 0.13622 Bolivian Boliviano
1 Philippine Peso = 0.06162 Brazilian Real
1 Philippine Peso = 0.01986 Bahamian Dollar
1 Philippine Peso = 1.33042 Bhutan Ngultrum
1 Philippine Peso = 0.20696 Botswana Pula
1 Philippine Peso = 397.53772 Belarus Ruble
1 Philippine Peso = 0.03967 Belize Dollar
1 Philippine Peso = 0.02601 Canadian Dollar
1 Philippine Peso = 0.01991 Swiss Franc
1 Philippine Peso = 12.67752 Chilean Peso
1 Philippine Peso = 0.13655 Chinese Yuan
1 Philippine Peso = 57.2776 Colombian Peso
1 Philippine Peso = 10.95115 Costa Rica Colon
1 Philippine Peso = 0.01986 Cuban Peso
1 Philippine Peso = 2.06136 Cape Verde Escudo
1 Philippine Peso = 0.50503 Czech Koruna
1 Philippine Peso = 3.53197 Djibouti Franc
1 Philippine Peso = 0.13894 Danish Krone
1 Philippine Peso = 0.92534 Dominican Peso
1 Philippine Peso = 2.18034 Algerian Dinar
1 Philippine Peso = 0.29236 Estonian Kroon
1 Philippine Peso = 0.31315 Egyptian Pound
1 Philippine Peso = 0.44698 Ethiopian Birr
1 Philippine Peso = 0.01869 Euro
1 Philippine Peso = 0.04092 Fiji Dollar
1 Philippine Peso = 0.01598 Falkland Islands Pound
1 Philippine Peso = 0.01592 British Pound
1 Philippine Peso = 0.08694 Ghanaian Cedi
1 Philippine Peso = 0.86338 Gambian Dalasi
1 Philippine Peso = 184.72001 Guinea Franc
1 Philippine Peso = 0.14677 Guatemala Quetzal
1 Philippine Peso = 4.05262 Guyana Dollar
1 Philippine Peso = 0.15408 Hong Kong Dollar
1 Philippine Peso = 0.46652 Honduras Lempira
1 Philippine Peso = 0.13837 Croatian Kuna
1 Philippine Peso = 1.28535 Haiti Gourde
1 Philippine Peso = 5.75973 Hungarian Forint
1 Philippine Peso = 265.01191 Indonesian Rupiah
1 Philippine Peso = 0.07353 Israeli Shekel
1 Philippine Peso = 1.32923 Indian Rupee
1 Philippine Peso = 23.45115 Iraqi Dinar
1 Philippine Peso = 643.20888 Iran Rial
1 Philippine Peso = 2.18924 Iceland Krona
1 Philippine Peso = 2.54845 Jamaican Dollar
1 Philippine Peso = 0.01407 Jordanian Dinar
1 Philippine Peso = 2.24728 Japanese Yen
1 Philippine Peso = 2.05322 Kenyan Shilling
1 Philippine Peso = 1.37172 Kyrgyzstan Som
1 Philippine Peso = 79.01906 Cambodia Riel
1 Philippine Peso = 9.15965 Comoros Franc
1 Philippine Peso = 17.87133 North Korean Won
1 Philippine Peso = 22.76807 Korean Won
1 Philippine Peso = 0.00605 Kuwaiti Dinar
1 Philippine Peso = 0.01628 Cayman Islands Dollar
1 Philippine Peso = 6.33439 Kazakhstan Tenge
1 Philippine Peso = 162.45035 Lao Kip
1 Philippine Peso = 29.86497 Lebanese Pound
1 Philippine Peso = 2.98749 Sri Lanka Rupee
1 Philippine Peso = 1.78713 Liberian Dollar
1 Philippine Peso = 0.25715 Lesotho Loti
1 Philippine Peso = 0.06054 Lithuanian Lita
1 Philippine Peso = 0.01232 Latvian Lat
1 Philippine Peso = 0.02826 Libyan Dinar
1 Philippine Peso = 0.19979 Moroccan Dirham
1 Philippine Peso = 0.39525 Moldovan Leu
1 Philippine Peso = 1.14496 Macedonian Denar
1 Philippine Peso = 26.88642 Myanmar Kyat
1 Philippine Peso = 49.14615 Mongolian Tugrik
1 Philippine Peso = 0.15873 Macau Pataca
1 Philippine Peso = 7.05322 Mauritania Ougulya
1 Philippine Peso = 0.70234 Mauritius Rupee
1 Philippine Peso = 0.30421 Maldives Rufiyaa
1 Philippine Peso = 14.29706 Malawi Kwacha
1 Philippine Peso = 0.40758 Mexican Peso
1 Philippine Peso = 0.08849 Malaysian Ringgit
1 Philippine Peso = 0.26128 Namibian Dollar
1 Philippine Peso = 6.25496 Nigerian Naira
1 Philippine Peso = 0.58627 Nicaragua Cordoba
1 Philippine Peso = 0.16555 Norwegian Krone
1 Philippine Peso = 2.15647 Nepalese Rupee
1 Philippine Peso = 0.02763 New Zealand Dollar
1 Philippine Peso = 0.00764 Omani Rial
1 Philippine Peso = 0.01986 Panama Balboa
1 Philippine Peso = 0.06476 Peruvian Nuevo Sol
1 Philippine Peso = 0.06296 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.08122 Pakistani Rupee
1 Philippine Peso = 0.08074 Polish Zloty
1 Philippine Peso = 114.24742 Paraguayan Guarani
1 Philippine Peso = 0.07229 Qatar Rial
1 Philippine Peso = 0.08451 Romanian New Leu
1 Philippine Peso = 1.15249 Russian Rouble
1 Philippine Peso = 16.1811 Rwanda Franc
1 Philippine Peso = 0.07447 Saudi Arabian Riyal
1 Philippine Peso = 0.15448 Solomon Islands Dollar
1 Philippine Peso = 0.26803 Seychelles Rupee
1 Philippine Peso = 0.13238 Sudanese Pound
1 Philippine Peso = 0.17685 Swedish Krona
1 Philippine Peso = 0.02815 Singapore Dollar
1 Philippine Peso = 0.01598 St Helena Pound
1 Philippine Peso = 0.44095 Slovak Koruna
1 Philippine Peso = 145.88959 Sierra Leone Leone
1 Philippine Peso = 10.90151 Somali Shilling
1 Philippine Peso = 458.00835 Sao Tome Dobra
1 Philippine Peso = 0.1732 El Salvador Colon
1 Philippine Peso = 10.22597 Syrian Pound
1 Philippine Peso = 0.26146 Swaziland Lilageni
1 Philippine Peso = 0.69519 Thai Baht
1 Philippine Peso = 0.04538 Tunisian Dinar
1 Philippine Peso = 0.0447 Tongan paʻanga
1 Philippine Peso = 0.07189 Turkish Lira
1 Philippine Peso = 0.13343 Trinidad Tobago Dollar
1 Philippine Peso = 0.6112 Taiwan Dollar
1 Philippine Peso = 44.24146 Tanzanian Shilling
1 Philippine Peso = 0.53981 Ukraine Hryvnia
1 Philippine Peso = 71.20731 Ugandan Shilling
1 Philippine Peso = 0.01986 United States Dollar
1 Philippine Peso = 0.56195 Uruguayan New Peso
1 Philippine Peso = 65.62748 Uzbekistan Sum
1 Philippine Peso = 0.19806 Venezuelan Bolivar
1 Philippine Peso = 452.9984 Vietnam Dong
1 Philippine Peso = 2.10346 Vanuatu Vatu
1 Philippine Peso = 0.05044 Samoa Tala
1 Philippine Peso = 12.2498 CFA Franc (BEAC)
1 Philippine Peso = 0.05361 East Caribbean Dollar
1 Philippine Peso = 12.39515 CFA Franc (BCEAO)
1 Philippine Peso = 2.22379 Pacific Franc
1 Philippine Peso = 4.96823 Yemen Riyal
1 Philippine Peso = 0.26052 South African Rand
1 Philippine Peso = 103.04805 Zambian Kwacha
1 Philippine Peso = 7.18626 Zimbabwe dollar

WB sees 6.8% PH growth for 3 years

The Philippine economy is projected to accelerate to 6.8 percent on average in 2017 to 2019, the World Bank said in its latest report.

According to the latest Global Economic Prospects, the Washington-based agency’s projected growth for the Philippines over the three-year period will be supported by ongoing infrastructure projects, strong consumption, buoyant inflows of remittances and strong revenue from services exports.

“Among the large commodity importers, Vietnam and the Philippines continue to have the strongest growth prospects, although capacity constraints will likely limit acceleration in the medium term and could cause overheating pressures,” the report said.

Specifically, the World Bank projects the Philippine economy will expand by 6.9 percent this year, seven percent next year and 6.7 percent in 2019.

The country’s economic growth for 2016 is set to be announced late this month, but the World Bank estimates that the Philippine economy grew by 6.8 percent last year.

Ernesto Pernia, socioeconomic planning secretary, said earlier this week the Philippines’ economic growth last year is seen to be at the higher range of the 2016 target of six to seven percent.

“I hope it’s seven percent for the entire year of 2016, it’s easier to remember,” Pernia said.

For the fourth quarter of 2016, he said growth could range between 6.8 percent and 7.4 percent, driven by manufacturing, consumption, and domestic and foreign investment.

WB said global growth would accelerate slightly as recovering oil and commodity prices ease pressures on emerging-market commodity exporters and painful recessions in Brazil and Russia come to an end.

It expected 2017 real gross domestic product growth to rebound to 2.7 percent from a post-financial crisis low of 2.3 percent last year.

Growth in advanced economies is expected to edge up to 1.8 percent in 2017 from 1.6 percent in 2016, the World Bank said, while emerging and developing economies will see growth accelerate to 4.2 percent this year from 3.4 percent last year.

“After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon,” World Bank Group President Jim Yong Kim said in a statement. “Now is the time to take advantage of this momentum and increase investments in infrastructure and people.”

However, there was considerable uncertainty surrounding the forecasts, which did not incorporate the effects of various policy proposals from U.S. President-elect Donald Trump, which are expected to include increased fiscal stimulus from tax cuts and infrastructure spending, and a more protectionist trade stance.

The World Bank forecasts 2017 U.S. growth at 2.2 percent versus 1.6 percent in 2016, but the increase could be considerably larger -- and have effects far beyond U.S. shores.

“A surge in U.S. growth -- whether due to expansionary fiscal policies or other reasons -- could provide a significant boost to the global economy,” the bank said.

However, this could lead to higher interest rates and tighter financial conditions that would have adverse effects on some emerging market countries that depend heavily on external financing.

It added that lingering uncertainty over the course of U.S. economic policy could weigh on global growth by keeping investment money on the sidelines until there is more policy clarity.

The World Bank said China’s growth would continue to slow, easing to 6.2 percent in 2017 from 6.7 percent in 2016, but growth would edge higher in some Southeast Asian economies, including Indonesia and Thailand.

India’s strong growth is expected to accelerate, rising to 7.6 percent in 2017 from 7.0 percent in 2016 as reforms ease domestic supply bottlenecks and increase productivity. 
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