April 27, 2018, 7:05 am
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1 Philippine Peso = 0.07067 UAE Dirham
1 Philippine Peso = 2.04214 Albanian Lek
1 Philippine Peso = 0.03425 Neth Antilles Guilder
1 Philippine Peso = 0.39475 Argentine Peso
1 Philippine Peso = 0.02545 Australian Dollar
1 Philippine Peso = 0.03425 Aruba Florin
1 Philippine Peso = 0.03848 Barbados Dollar
1 Philippine Peso = 1.61997 Bangladesh Taka
1 Philippine Peso = 0.03093 Bulgarian Lev
1 Philippine Peso = 0.00725 Bahraini Dinar
1 Philippine Peso = 33.69213 Burundi Franc
1 Philippine Peso = 0.01924 Bermuda Dollar
1 Philippine Peso = 0.02511 Brunei Dollar
1 Philippine Peso = 0.13181 Bolivian Boliviano
1 Philippine Peso = 0.06731 Brazilian Real
1 Philippine Peso = 0.01924 Bahamian Dollar
1 Philippine Peso = 1.27622 Bhutan Ngultrum
1 Philippine Peso = 0.18873 Botswana Pula
1 Philippine Peso = 385.22224 Belarus Ruble
1 Philippine Peso = 0.03844 Belize Dollar
1 Philippine Peso = 0.02475 Canadian Dollar
1 Philippine Peso = 0.01901 Swiss Franc
1 Philippine Peso = 11.59746 Chilean Peso
1 Philippine Peso = 0.12188 Chinese Yuan
1 Philippine Peso = 54.13893 Colombian Peso
1 Philippine Peso = 10.81297 Costa Rica Colon
1 Philippine Peso = 0.01924 Cuban Peso
1 Philippine Peso = 1.75101 Cape Verde Escudo
1 Philippine Peso = 0.40451 Czech Koruna
1 Philippine Peso = 3.40254 Djibouti Franc
1 Philippine Peso = 0.11828 Danish Krone
1 Philippine Peso = 0.95228 Dominican Peso
1 Philippine Peso = 2.20275 Algerian Dinar
1 Philippine Peso = 0.24835 Estonian Kroon
1 Philippine Peso = 0.33981 Egyptian Pound
1 Philippine Peso = 0.52376 Ethiopian Birr
1 Philippine Peso = 0.01587 Euro
1 Philippine Peso = 0.03935 Fiji Dollar
1 Philippine Peso = 0.01378 Falkland Islands Pound
1 Philippine Peso = 0.01381 British Pound
1 Philippine Peso = 0.08579 Ghanaian Cedi
1 Philippine Peso = 0.89994 Gambian Dalasi
1 Philippine Peso = 173.19607 Guinea Franc
1 Philippine Peso = 0.14116 Guatemala Quetzal
1 Philippine Peso = 3.98422 Guyana Dollar
1 Philippine Peso = 0.15097 Hong Kong Dollar
1 Philippine Peso = 0.45338 Honduras Lempira
1 Philippine Peso = 0.11771 Croatian Kuna
1 Philippine Peso = 1.2411 Haiti Gourde
1 Philippine Peso = 4.96671 Hungarian Forint
1 Philippine Peso = 267.13488 Indonesian Rupiah
1 Philippine Peso = 0.06892 Israeli Shekel
1 Philippine Peso = 1.28763 Indian Rupee
1 Philippine Peso = 22.78237 Iraqi Dinar
1 Philippine Peso = 808.15854 Iran Rial
1 Philippine Peso = 1.95209 Iceland Krona
1 Philippine Peso = 2.37271 Jamaican Dollar
1 Philippine Peso = 0.01363 Jordanian Dinar
1 Philippine Peso = 2.10216 Japanese Yen
1 Philippine Peso = 1.92419 Kenyan Shilling
1 Philippine Peso = 1.32033 Kyrgyzstan Som
1 Philippine Peso = 77.1599 Cambodia Riel
1 Philippine Peso = 7.74909 Comoros Franc
1 Philippine Peso = 17.31768 North Korean Won
1 Philippine Peso = 20.73446 Korean Won
1 Philippine Peso = 0.00578 Kuwaiti Dinar
1 Philippine Peso = 0.01578 Cayman Islands Dollar
1 Philippine Peso = 6.31441 Kazakhstan Tenge
1 Philippine Peso = 159.45738 Lao Kip
1 Philippine Peso = 28.95901 Lebanese Pound
1 Philippine Peso = 3.03079 Sri Lanka Rupee
1 Philippine Peso = 2.52088 Liberian Dollar
1 Philippine Peso = 0.23908 Lesotho Loti
1 Philippine Peso = 0.05866 Lithuanian Lita
1 Philippine Peso = 0.01194 Latvian Lat
1 Philippine Peso = 0.02571 Libyan Dinar
1 Philippine Peso = 0.17834 Moroccan Dirham
1 Philippine Peso = 0.3172 Moldovan Leu
1 Philippine Peso = 0.97229 Macedonian Denar
1 Philippine Peso = 25.57245 Myanmar Kyat
1 Philippine Peso = 45.98807 Mongolian Tugrik
1 Philippine Peso = 0.15549 Macau Pataca
1 Philippine Peso = 6.79238 Mauritania Ougulya
1 Philippine Peso = 0.64845 Mauritius Rupee
1 Philippine Peso = 0.2996 Maldives Rufiyaa
1 Philippine Peso = 13.77275 Malawi Kwacha
1 Philippine Peso = 0.36266 Mexican Peso
1 Philippine Peso = 0.07533 Malaysian Ringgit
1 Philippine Peso = 0.239 Namibian Dollar
1 Philippine Peso = 6.90783 Nigerian Naira
1 Philippine Peso = 0.5965 Nicaragua Cordoba
1 Philippine Peso = 0.15376 Norwegian Krone
1 Philippine Peso = 2.05118 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.0074 Omani Rial
1 Philippine Peso = 0.01924 Panama Balboa
1 Philippine Peso = 0.06226 Peruvian Nuevo Sol
1 Philippine Peso = 0.06253 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.22244 Pakistani Rupee
1 Philippine Peso = 0.06713 Polish Zloty
1 Philippine Peso = 106.81739 Paraguayan Guarani
1 Philippine Peso = 0.07004 Qatar Rial
1 Philippine Peso = 0.07398 Romanian New Leu
1 Philippine Peso = 1.20728 Russian Rouble
1 Philippine Peso = 16.27497 Rwanda Franc
1 Philippine Peso = 0.07215 Saudi Arabian Riyal
1 Philippine Peso = 0.15075 Solomon Islands Dollar
1 Philippine Peso = 0.25842 Seychelles Rupee
1 Philippine Peso = 0.34734 Sudanese Pound
1 Philippine Peso = 0.1666 Swedish Krona
1 Philippine Peso = 0.02553 Singapore Dollar
1 Philippine Peso = 0.01378 St Helena Pound
1 Philippine Peso = 0.42728 Slovak Koruna
1 Philippine Peso = 150.08659 Sierra Leone Leone
1 Philippine Peso = 10.83317 Somali Shilling
1 Philippine Peso = 389.09177 Sao Tome Dobra
1 Philippine Peso = 0.16837 El Salvador Colon
1 Philippine Peso = 9.90918 Syrian Pound
1 Philippine Peso = 0.23902 Swaziland Lilageni
1 Philippine Peso = 0.60785 Thai Baht
1 Philippine Peso = 0.04673 Tunisian Dinar
1 Philippine Peso = 0.04257 Tongan paʻanga
1 Philippine Peso = 0.07818 Turkish Lira
1 Philippine Peso = 0.13 Trinidad Tobago Dollar
1 Philippine Peso = 0.57066 Taiwan Dollar
1 Philippine Peso = 43.7945 Tanzanian Shilling
1 Philippine Peso = 0.50356 Ukraine Hryvnia
1 Philippine Peso = 71.29113 Ugandan Shilling
1 Philippine Peso = 0.01924 United States Dollar
1 Philippine Peso = 0.54531 Uruguayan New Peso
1 Philippine Peso = 155.05099 Uzbekistan Sum
1 Philippine Peso = 1284.77966 Venezuelan Bolivar
1 Philippine Peso = 438.02193 Vietnam Dong
1 Philippine Peso = 2.04753 Vanuatu Vatu
1 Philippine Peso = 0.04934 Samoa Tala
1 Philippine Peso = 10.40485 CFA Franc (BEAC)
1 Philippine Peso = 0.05195 East Caribbean Dollar
1 Philippine Peso = 10.40485 CFA Franc (BCEAO)
1 Philippine Peso = 1.88359 Pacific Franc
1 Philippine Peso = 4.80854 Yemen Riyal
1 Philippine Peso = 0.23908 South African Rand
1 Philippine Peso = 99.85568 Zambian Kwacha
1 Philippine Peso = 6.96363 Zimbabwe dollar

Boon or bane?

THE TRAIN has arrived, and Filipinos who are all commuters to this much-delayed vehicle not intended for riding but for collecting taxes from us citizens are somewhat still wary of its effects.

The question of whether the Tax Reform for Acceleration and Inclusion (TRAIN) will be a boon or a bane for Filipinos depends on where the answers are coming from.

Ordinary consumers calling morning shows of radio stations were surprised that prices of some items in groceries and supermarkets have increased, when it’s just the first week of implementation of the new tax measure.

They said, and with good reason, that these items came from old inventories paid for using old rates, and so retailers must not gain undue benefit from the transition to higher taxes. This general rule is supported by the Department of Trade and Industry (DTI), which clarified the prices of basic commodities should hold for the next two to three weeks, but of course their problem is lack of inspection personnel and enforcement.

The association of supermarkets and groceries begged to disagree. They explained that their stock is already thin following the end of the holidays, when consumers usually buy more items.

They pointed out that supermarkets stock up before Christmas, not during or immediately after. They do their physical inventories at the start of the year, when stock levels are low and easy to count. This coincides with the effective date for excise tax on concerned goods, said Steven Cua, president of the Philippine Amalgamated Supermarkets Association Inc.

Still, government officials like Trade Secretary Ramon Lopez insist that there should be a moratorium on price increases, and cited that the overall impact of the tax reform on fuel, as a percentage of total production cost, is less than one percent.

Lopez cited the example that if the suggested retail price of a can of sardines is P13.45, it should go up only P0.04 due to the increase in excise tax. The P7.30 SRP of instant noodles should only go up by P0.03.

The DTI emphasized that the impact of TRAIN is not a ticket for all retailers to increase their selling prices as they want; the impact is minimal and the increase should be within the SRP given.

While consumers are worried, the country’s top economists are bullish on the TRAIN’s arrival.

Economists of the University of Asia and the Pacific stressed that there is just an inflation estimate of 3.5 to 4 percent for the whole of 2018. However, the decrease in the personal income tax of workers will return P137 billion to households, increasing their purchasing power.

It would be P2.40 gain for every P1 loss for workers, the economists said. And then there will be the added benefits from new infrastructure projects and social services.

Let us see if this translates to reality in the coming months.
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