June 24, 2018, 1:10 pm
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1 Philippine Peso = 0.06901 UAE Dirham
1 Philippine Peso = 2.02912 Albanian Lek
1 Philippine Peso = 0.03401 Neth Antilles Guilder
1 Philippine Peso = 0.5072 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03345 Aruba Florin
1 Philippine Peso = 0.03758 Barbados Dollar
1 Philippine Peso = 1.57159 Bangladesh Taka
1 Philippine Peso = 0.03155 Bulgarian Lev
1 Philippine Peso = 0.00712 Bahraini Dinar
1 Philippine Peso = 32.90079 Burundi Franc
1 Philippine Peso = 0.01879 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1289 Bolivian Boliviano
1 Philippine Peso = 0.07111 Brazilian Real
1 Philippine Peso = 0.01879 Bahamian Dollar
1 Philippine Peso = 1.28053 Bhutan Ngultrum
1 Philippine Peso = 0.19402 Botswana Pula
1 Philippine Peso = 376.17437 Belarus Ruble
1 Philippine Peso = 0.03754 Belize Dollar
1 Philippine Peso = 0.02493 Canadian Dollar
1 Philippine Peso = 0.01856 Swiss Franc
1 Philippine Peso = 11.99061 Chilean Peso
1 Philippine Peso = 0.12218 Chinese Yuan
1 Philippine Peso = 54.75385 Colombian Peso
1 Philippine Peso = 10.57591 Costa Rica Colon
1 Philippine Peso = 0.01879 Cuban Peso
1 Philippine Peso = 1.77772 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.33615 Djibouti Franc
1 Philippine Peso = 0.12016 Danish Krone
1 Philippine Peso = 0.92728 Dominican Peso
1 Philippine Peso = 2.1963 Algerian Dinar
1 Philippine Peso = 0.25225 Estonian Kroon
1 Philippine Peso = 0.33484 Egyptian Pound
1 Philippine Peso = 0.51146 Ethiopian Birr
1 Philippine Peso = 0.01612 Euro
1 Philippine Peso = 0.03918 Fiji Dollar
1 Philippine Peso = 0.01416 Falkland Islands Pound
1 Philippine Peso = 0.01417 British Pound
1 Philippine Peso = 0.08979 Ghanaian Cedi
1 Philippine Peso = 0.87956 Gambian Dalasi
1 Philippine Peso = 169.07178 Guinea Franc
1 Philippine Peso = 0.14072 Guatemala Quetzal
1 Philippine Peso = 3.87599 Guyana Dollar
1 Philippine Peso = 0.14741 Hong Kong Dollar
1 Philippine Peso = 0.44878 Honduras Lempira
1 Philippine Peso = 0.11882 Croatian Kuna
1 Philippine Peso = 1.24803 Haiti Gourde
1 Philippine Peso = 5.23224 Hungarian Forint
1 Philippine Peso = 264.43067 Indonesian Rupiah
1 Philippine Peso = 0.06764 Israeli Shekel
1 Philippine Peso = 1.27568 Indian Rupee
1 Philippine Peso = 22.24728 Iraqi Dinar
1 Philippine Peso = 798.38407 Iran Rial
1 Philippine Peso = 2.03119 Iceland Krona
1 Philippine Peso = 2.45509 Jamaican Dollar
1 Philippine Peso = 0.01333 Jordanian Dinar
1 Philippine Peso = 2.06417 Japanese Yen
1 Philippine Peso = 1.89121 Kenyan Shilling
1 Philippine Peso = 1.28183 Kyrgyzstan Som
1 Philippine Peso = 76.00526 Cambodia Riel
1 Philippine Peso = 7.92522 Comoros Franc
1 Philippine Peso = 16.91094 North Korean Won
1 Philippine Peso = 20.86622 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01541 Cayman Islands Dollar
1 Philippine Peso = 6.38595 Kazakhstan Tenge
1 Philippine Peso = 158.00451 Lao Kip
1 Philippine Peso = 28.292 Lebanese Pound
1 Philippine Peso = 2.98572 Sri Lanka Rupee
1 Philippine Peso = 2.74709 Liberian Dollar
1 Philippine Peso = 0.25254 Lesotho Loti
1 Philippine Peso = 0.05728 Lithuanian Lita
1 Philippine Peso = 0.01166 Latvian Lat
1 Philippine Peso = 0.02548 Libyan Dinar
1 Philippine Peso = 0.1786 Moroccan Dirham
1 Philippine Peso = 0.3177 Moldovan Leu
1 Philippine Peso = 0.98891 Macedonian Denar
1 Philippine Peso = 25.98647 Myanmar Kyat
1 Philippine Peso = 45.97896 Mongolian Tugrik
1 Philippine Peso = 0.15183 Macau Pataca
1 Philippine Peso = 6.67042 Mauritania Ougulya
1 Philippine Peso = 0.65295 Mauritius Rupee
1 Philippine Peso = 0.29256 Maldives Rufiyaa
1 Philippine Peso = 13.4053 Malawi Kwacha
1 Philippine Peso = 0.37584 Mexican Peso
1 Philippine Peso = 0.07518 Malaysian Ringgit
1 Philippine Peso = 0.25239 Namibian Dollar
1 Philippine Peso = 6.72679 Nigerian Naira
1 Philippine Peso = 0.59207 Nicaragua Cordoba
1 Philippine Peso = 0.15205 Norwegian Krone
1 Philippine Peso = 2.03401 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01879 Panama Balboa
1 Philippine Peso = 0.06134 Peruvian Nuevo Sol
1 Philippine Peso = 0.0609 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28222 Pakistani Rupee
1 Philippine Peso = 0.06966 Polish Zloty
1 Philippine Peso = 106.55769 Paraguayan Guarani
1 Philippine Peso = 0.06839 Qatar Rial
1 Philippine Peso = 0.07509 Romanian New Leu
1 Philippine Peso = 1.18236 Russian Rouble
1 Philippine Peso = 15.96073 Rwanda Franc
1 Philippine Peso = 0.07046 Saudi Arabian Riyal
1 Philippine Peso = 0.1479 Solomon Islands Dollar
1 Philippine Peso = 0.25235 Seychelles Rupee
1 Philippine Peso = 0.33738 Sudanese Pound
1 Philippine Peso = 0.16635 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01417 St Helena Pound
1 Philippine Peso = 0.41725 Slovak Koruna
1 Philippine Peso = 149.94363 Sierra Leone Leone
1 Philippine Peso = 10.72905 Somali Shilling
1 Philippine Peso = 394.98309 Sao Tome Dobra
1 Philippine Peso = 0.16441 El Salvador Colon
1 Philippine Peso = 9.67644 Syrian Pound
1 Philippine Peso = 0.25202 Swaziland Lilageni
1 Philippine Peso = 0.61856 Thai Baht
1 Philippine Peso = 0.04882 Tunisian Dinar
1 Philippine Peso = 0.04333 Tongan paʻanga
1 Philippine Peso = 0.08786 Turkish Lira
1 Philippine Peso = 0.12682 Trinidad Tobago Dollar
1 Philippine Peso = 0.56924 Taiwan Dollar
1 Philippine Peso = 42.63435 Tanzanian Shilling
1 Philippine Peso = 0.49267 Ukraine Hryvnia
1 Philippine Peso = 72.51597 Ugandan Shilling
1 Philippine Peso = 0.01879 United States Dollar
1 Philippine Peso = 0.59451 Uruguayan New Peso
1 Philippine Peso = 147.50094 Uzbekistan Sum
1 Philippine Peso = 1499.4363 Venezuelan Bolivar
1 Philippine Peso = 430.10147 Vietnam Dong
1 Philippine Peso = 2.07159 Vanuatu Vatu
1 Philippine Peso = 0.0488 Samoa Tala
1 Philippine Peso = 10.56614 CFA Franc (BEAC)
1 Philippine Peso = 0.05073 East Caribbean Dollar
1 Philippine Peso = 10.56614 CFA Franc (BCEAO)
1 Philippine Peso = 1.92165 Pacific Franc
1 Philippine Peso = 4.69466 Yemen Riyal
1 Philippine Peso = 0.25241 South African Rand
1 Philippine Peso = 97.51033 Zambian Kwacha
1 Philippine Peso = 6.80008 Zimbabwe dollar

Uber acting, under-thinking

Little among the recent controversies that erupt on an increasingly regular basis between regulators and the business world can show just how inept and incompetent bureaucrats are, as in the case of ride-sharing provider Uber. While government appointment protocols are infected with political partisanship on one end and on another, compensation structures that nurture corruption and payolas, the general perception is that the average competence and intelligence levels in the service are not very high.

As bad as that is, it warps doubly unfortunate where public perception is worsened by suspicions of insidious collusion with hidden interest groups whenever some inept factotum acts in an inequitable, discriminatory, if not un-intelligent manner. The case of Uber had turned into an illustrative example solidifying deeply negative perceptions for too-long held.

Peel off the veneer of self-righteousness that guises the economic agenda of the complainants-on-record who’ve filed charges against Uber and, behind the plastic laminate, it is easy to see an interest group that grossly violates the same laws they accuse Uber of skirting. From the epidemic criminality deeply entrenched among jeepney groups to the taxi and bus sectors, Filipinos coined the colloquial term “colorum” to describe an un-franchised and illegal albeit prevalent transport system.

Unfortunately, it is a system nurtured by insidious interests.

Analyze current investigations of those severely encephalitic lawmakers who insist on being addressed as “honorable.” From ego-tripping super-blockbuster telenovela investigations in aid of legislation on fraud perpetrated from inside banks to the hidden wealth and money laundering issues involving officers of government agencies. The former, an industry solons understand very little, the latter, money-laundering laws watered down.

The Uber debacle reveals where bureaucratic factotum totally missed the point and failed to understand their mandates.

While land transport regulation had its origins in 1906, in the nearly third of a century since the inception of the modern-day Land Transportation and Regulatory Board (LTFRB), that agency has had very little success in controling the proliferation of unlicensed public transport vehicles -- a major source of whatever clogs our streets, defying law enforcement albeit fattening the pockets of traffic enforcers. 

Officials of the agency admitted that upon taking office from the last dispensation the difference in the number of apprehended illegally operating vehicles sans a franchise was exponentially higher than previously recorded. We should complement such drumbeats. On the other hand, it is evidence of long festering dereliction and incompetence.

Simply circle around a congested street block plied by jeepneys, pedicabs, tuk-toks and tricycles. Notice the myriad of franchise violations from public utility vehicles operating with either license plates reserved for private vehicles, or those operating without plates of any kind.

These pose dangers for the public. Consequently, the exponential demand for Uber and the other alternative modes provided by the private sector were principally generated by the glaring incompetence and utter failure of the transport authorities, the LTFRB included, to provide a rationale, systematic, safe and convenient mass transport system.

While regulating traditional transport modes and fares lie with the regulatory agencies, the agreed-upon fares negotiated with Uber, seen by competitors and the authorities as inordinately high, result from regulatory incompetence more than the avarice of private enterprise Uber’s
critics claim. 

Uber’s pricing paradigm follows a free market based digitally documented private contract between ride-sharer and discerning commuters. The economic elasticities are telling. Uber’s market places a premium on safety, peace of mind, reliability, courtesy, and even cleanliness.

These, and many more are pricing factors largely absent in LTFRB’s antiquated model for traditional franchisees.

Uber commuters compare Uber’s prices against alternatives given the value of their lives, lost productive time and revenues endangered by LTFRB franchises granted to jeepneys, taxis and buses, and the un-franchised operating under these sub-sectors that the LTFRB has yet to control satisfactorily.

Unfortunately, by first imposing a blanket suspension, and then penalizing Uber and its market, broadly, indiscriminately and unfairly, authorities over-acted, over-reaching on one end, yet remaining grossly derelict of their charge on another.

The Uber controversy revealed once more the weaknesses of political appointment protocols. We should appoint regulators on the basis of both broad-based intelligence and profound analytical proficiency as well as enforcement competence. We seem to have too many myopic lawyers and one-dimensional police and military men. 

Apparently the chemistry of anachronistic and inapplicable LTFRB regulations were simplistically and blindly applied to novel and complex systems the crafters of such dated regulations had not envisioned. Hence the gross inflexibility and unfairness especially relative to the limited number of Uber’s violations of antiquated requisites against the immeasurable number of un-licensed illegally plying under the transport group banners of the complainants who so brazenly attacked Uber for their own benefit.  
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