January 24, 2017, 3:22 pm
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1 Philippine Peso = 0.07374 UAE Dirham
1 Philippine Peso = 2.57217 Albanian Lek
1 Philippine Peso = 0.03554 Neth Antilles Guilder
1 Philippine Peso = 0.31919 Argentine Peso
1 Philippine Peso = 0.02651 Australian Dollar
1 Philippine Peso = 0.03594 Aruba Florin
1 Philippine Peso = 0.04015 Barbados Dollar
1 Philippine Peso = 1.58542 Bangladesh Taka
1 Philippine Peso = 0.03693 Bulgarian Lev
1 Philippine Peso = 0.00757 Bahraini Dinar
1 Philippine Peso = 33.69364 Burundi Franc
1 Philippine Peso = 0.02008 Bermuda Dollar
1 Philippine Peso = 0.02846 Brunei Dollar
1 Philippine Peso = 0.13772 Bolivian Boliviano
1 Philippine Peso = 0.06361 Brazilian Real
1 Philippine Peso = 0.02008 Bahamian Dollar
1 Philippine Peso = 1.3682 Bhutan Ngultrum
1 Philippine Peso = 0.2119 Botswana Pula
1 Philippine Peso = 401.92732 Belarus Ruble
1 Philippine Peso = 0.03975 Belize Dollar
1 Philippine Peso = 0.02666 Canadian Dollar
1 Philippine Peso = 0.02004 Swiss Franc
1 Philippine Peso = 13.18591 Chilean Peso
1 Philippine Peso = 0.13751 Chinese Yuan
1 Philippine Peso = 58.60269 Colombian Peso
1 Philippine Peso = 10.94158 Costa Rica Colon
1 Philippine Peso = 0.02008 Cuban Peso
1 Philippine Peso = 2.05963 Cape Verde Escudo
1 Philippine Peso = 0.50475 Czech Koruna
1 Philippine Peso = 3.57217 Djibouti Franc
1 Philippine Peso = 0.13889 Danish Krone
1 Philippine Peso = 0.93074 Dominican Peso
1 Philippine Peso = 2.20331 Algerian Dinar
1 Philippine Peso = 0.29226 Estonian Kroon
1 Philippine Peso = 0.37543 Egyptian Pound
1 Philippine Peso = 0.44991 Ethiopian Birr
1 Philippine Peso = 0.01868 Euro
1 Philippine Peso = 0.04166 Fiji Dollar
1 Philippine Peso = 0.01616 Falkland Islands Pound
1 Philippine Peso = 0.01615 British Pound
1 Philippine Peso = 0.087 Ghanaian Cedi
1 Philippine Peso = 0.89038 Gambian Dalasi
1 Philippine Peso = 187.41216 Guinea Franc
1 Philippine Peso = 0.15124 Guatemala Quetzal
1 Philippine Peso = 4.06966 Guyana Dollar
1 Philippine Peso = 0.15574 Hong Kong Dollar
1 Philippine Peso = 0.4734 Honduras Lempira
1 Philippine Peso = 0.13971 Croatian Kuna
1 Philippine Peso = 1.32423 Haiti Gourde
1 Philippine Peso = 5.77896 Hungarian Forint
1 Philippine Peso = 267.71732 Indonesian Rupiah
1 Philippine Peso = 0.07614 Israeli Shekel
1 Philippine Peso = 1.36677 Indian Rupee
1 Philippine Peso = 23.7101 Iraqi Dinar
1 Philippine Peso = 649.66873 Iran Rial
1 Philippine Peso = 2.26902 Iceland Krona
1 Philippine Peso = 2.58201 Jamaican Dollar
1 Philippine Peso = 0.0142 Jordanian Dinar
1 Philippine Peso = 2.27496 Japanese Yen
1 Philippine Peso = 2.0789 Kenyan Shilling
1 Philippine Peso = 1.39476 Kyrgyzstan Som
1 Philippine Peso = 80.1064 Cambodia Riel
1 Philippine Peso = 9.27525 Comoros Franc
1 Philippine Peso = 18.06866 North Korean Won
1 Philippine Peso = 23.40052 Korean Won
1 Philippine Peso = 0.00612 Kuwaiti Dinar
1 Philippine Peso = 0.01646 Cayman Islands Dollar
1 Philippine Peso = 6.64124 Kazakhstan Tenge
1 Philippine Peso = 163.90283 Lao Kip
1 Philippine Peso = 30.19474 Lebanese Pound
1 Philippine Peso = 3.01245 Sri Lanka Rupee
1 Philippine Peso = 1.80687 Liberian Dollar
1 Philippine Peso = 0.27264 Lesotho Loti
1 Philippine Peso = 0.06121 Lithuanian Lita
1 Philippine Peso = 0.01246 Latvian Lat
1 Philippine Peso = 0.02857 Libyan Dinar
1 Philippine Peso = 0.20153 Moroccan Dirham
1 Philippine Peso = 0.40203 Moldovan Leu
1 Philippine Peso = 1.14595 Macedonian Denar
1 Philippine Peso = 27.24352 Myanmar Kyat
1 Philippine Peso = 49.7892 Mongolian Tugrik
1 Philippine Peso = 0.16041 Macau Pataca
1 Philippine Peso = 7.12508 Mauritania Ougulya
1 Philippine Peso = 0.71652 Mauritius Rupee
1 Philippine Peso = 0.30516 Maldives Rufiyaa
1 Philippine Peso = 14.35455 Malawi Kwacha
1 Philippine Peso = 0.43007 Mexican Peso
1 Philippine Peso = 0.08912 Malaysian Ringgit
1 Philippine Peso = 0.27073 Namibian Dollar
1 Philippine Peso = 6.32403 Nigerian Naira
1 Philippine Peso = 0.5903 Nicaragua Cordoba
1 Philippine Peso = 0.16818 Norwegian Krone
1 Philippine Peso = 2.18028 Nepalese Rupee
1 Philippine Peso = 0.02784 New Zealand Dollar
1 Philippine Peso = 0.00773 Omani Rial
1 Philippine Peso = 0.02008 Panama Balboa
1 Philippine Peso = 0.06614 Peruvian Nuevo Sol
1 Philippine Peso = 0.06368 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.10379 Pakistani Rupee
1 Philippine Peso = 0.08163 Polish Zloty
1 Philippine Peso = 116.05501 Paraguayan Guarani
1 Philippine Peso = 0.07309 Qatar Rial
1 Philippine Peso = 0.08384 Romanian New Leu
1 Philippine Peso = 1.19551 Russian Rouble
1 Philippine Peso = 16.31359 Rwanda Franc
1 Philippine Peso = 0.07529 Saudi Arabian Riyal
1 Philippine Peso = 0.1571 Solomon Islands Dollar
1 Philippine Peso = 0.26348 Seychelles Rupee
1 Philippine Peso = 0.12864 Sudanese Pound
1 Philippine Peso = 0.17761 Swedish Krona
1 Philippine Peso = 0.02847 Singapore Dollar
1 Philippine Peso = 0.01617 St Helena Pound
1 Philippine Peso = 0.44581 Slovak Koruna
1 Philippine Peso = 146.3963 Sierra Leone Leone
1 Philippine Peso = 10.98173 Somali Shilling
1 Philippine Peso = 457.63702 Sao Tome Dobra
1 Philippine Peso = 0.17511 El Salvador Colon
1 Philippine Peso = 10.33889 Syrian Pound
1 Philippine Peso = 0.27078 Swaziland Lilageni
1 Philippine Peso = 0.70749 Thai Baht
1 Philippine Peso = 0.04554 Tunisian Dinar
1 Philippine Peso = 0.046 Tonga Pa'ang
1 Philippine Peso = 0.07571 Turkish Lira
1 Philippine Peso = 0.1343 Trinidad Tobago Dollar
1 Philippine Peso = 0.6304 Taiwan Dollar
1 Philippine Peso = 45.23188 Tanzanian Shilling
1 Philippine Peso = 0.54889 Ukraine Hryvnia
1 Philippine Peso = 72.01365 Ugandan Shilling
1 Philippine Peso = 0.02008 United States Dollar
1 Philippine Peso = 0.57338 Uruguayan New Peso
1 Philippine Peso = 65.14756 Uzbekistan Sum
1 Philippine Peso = 0.20026 Venezuelan Bolivar
1 Philippine Peso = 452.70025 Vietnam Dong
1 Philippine Peso = 2.13833 Vanuatu Vatu
1 Philippine Peso = 0.05129 Samoa Tala
1 Philippine Peso = 12.24091 CFA Franc (BEAC)
1 Philippine Peso = 0.05421 East Caribbean Dollar
1 Philippine Peso = 12.44228 CFA Franc (BCEAO)
1 Philippine Peso = 2.2359 Pacific Franc
1 Philippine Peso = 5.01807 Yemen Riyal
1 Philippine Peso = 0.27076 South African Rand
1 Philippine Peso = 104.1859 Zambian Kwacha
1 Philippine Peso = 7.26561 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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