July 17, 2018, 5:24 pm
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1 Philippine Peso = 0.06864 UAE Dirham
1 Philippine Peso = 2.00897 Albanian Lek
1 Philippine Peso = 0.03439 Neth Antilles Guilder
1 Philippine Peso = 0.50824 Argentine Peso
1 Philippine Peso = 0.02516 Australian Dollar
1 Philippine Peso = 0.03326 Aruba Florin
1 Philippine Peso = 0.03738 Barbados Dollar
1 Philippine Peso = 1.56345 Bangladesh Taka
1 Philippine Peso = 0.03139 Bulgarian Lev
1 Philippine Peso = 0.00707 Bahraini Dinar
1 Philippine Peso = 32.72248 Burundi Franc
1 Philippine Peso = 0.01869 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1282 Bolivian Boliviano
1 Philippine Peso = 0.07195 Brazilian Real
1 Philippine Peso = 0.01869 Bahamian Dollar
1 Philippine Peso = 1.282 Bhutan Ngultrum
1 Philippine Peso = 0.19138 Botswana Pula
1 Philippine Peso = 374.13568 Belarus Ruble
1 Philippine Peso = 0.03734 Belize Dollar
1 Philippine Peso = 0.02459 Canadian Dollar
1 Philippine Peso = 0.01871 Swiss Franc
1 Philippine Peso = 12.14969 Chilean Peso
1 Philippine Peso = 0.12502 Chinese Yuan
1 Philippine Peso = 53.37133 Colombian Peso
1 Philippine Peso = 10.54401 Costa Rica Colon
1 Philippine Peso = 0.01869 Cuban Peso
1 Philippine Peso = 1.76603 Cape Verde Escudo
1 Philippine Peso = 0.4139 Czech Koruna
1 Philippine Peso = 3.31714 Djibouti Franc
1 Philippine Peso = 0.11919 Danish Krone
1 Philippine Peso = 0.92375 Dominican Peso
1 Philippine Peso = 2.19884 Algerian Dinar
1 Philippine Peso = 0.25015 Estonian Kroon
1 Philippine Peso = 0.3334 Egyptian Pound
1 Philippine Peso = 0.51037 Ethiopian Birr
1 Philippine Peso = 0.01599 Euro
1 Philippine Peso = 0.03902 Fiji Dollar
1 Philippine Peso = 0.01411 Falkland Islands Pound
1 Philippine Peso = 0.01412 British Pound
1 Philippine Peso = 0.08949 Ghanaian Cedi
1 Philippine Peso = 0.88526 Gambian Dalasi
1 Philippine Peso = 168.36105 Guinea Franc
1 Philippine Peso = 0.13998 Guatemala Quetzal
1 Philippine Peso = 3.87012 Guyana Dollar
1 Philippine Peso = 0.14665 Hong Kong Dollar
1 Philippine Peso = 0.44715 Honduras Lempira
1 Philippine Peso = 0.11858 Croatian Kuna
1 Philippine Peso = 1.25939 Haiti Gourde
1 Philippine Peso = 5.1596 Hungarian Forint
1 Philippine Peso = 268.604 Indonesian Rupiah
1 Philippine Peso = 0.06791 Israeli Shekel
1 Philippine Peso = 1.27993 Indian Rupee
1 Philippine Peso = 22.12671 Iraqi Dinar
1 Philippine Peso = 807.13885 Iran Rial
1 Philippine Peso = 2.0015 Iceland Krona
1 Philippine Peso = 2.42478 Jamaican Dollar
1 Philippine Peso = 0.01324 Jordanian Dinar
1 Philippine Peso = 2.09923 Japanese Yen
1 Philippine Peso = 1.87722 Kenyan Shilling
1 Philippine Peso = 1.27646 Kyrgyzstan Som
1 Philippine Peso = 75.63072 Cambodia Riel
1 Philippine Peso = 7.88806 Comoros Franc
1 Philippine Peso = 16.81929 North Korean Won
1 Philippine Peso = 21.08952 Korean Won
1 Philippine Peso = 0.00566 Kuwaiti Dinar
1 Philippine Peso = 0.01532 Cayman Islands Dollar
1 Philippine Peso = 6.39993 Kazakhstan Tenge
1 Philippine Peso = 157.01738 Lao Kip
1 Philippine Peso = 28.13493 Lebanese Pound
1 Philippine Peso = 2.97982 Sri Lanka Rupee
1 Philippine Peso = 2.97197 Liberian Dollar
1 Philippine Peso = 0.24762 Lesotho Loti
1 Philippine Peso = 0.05697 Lithuanian Lita
1 Philippine Peso = 0.0116 Latvian Lat
1 Philippine Peso = 0.02562 Libyan Dinar
1 Philippine Peso = 0.17688 Moroccan Dirham
1 Philippine Peso = 0.31088 Moldovan Leu
1 Philippine Peso = 0.98075 Macedonian Denar
1 Philippine Peso = 26.55578 Myanmar Kyat
1 Philippine Peso = 45.74846 Mongolian Tugrik
1 Philippine Peso = 0.15104 Macau Pataca
1 Philippine Peso = 6.63427 Mauritania Ougulya
1 Philippine Peso = 0.6382 Mauritius Rupee
1 Philippine Peso = 0.29097 Maldives Rufiyaa
1 Philippine Peso = 13.33283 Malawi Kwacha
1 Philippine Peso = 0.35287 Mexican Peso
1 Philippine Peso = 0.07569 Malaysian Ringgit
1 Philippine Peso = 0.24767 Namibian Dollar
1 Philippine Peso = 6.69034 Nigerian Naira
1 Philippine Peso = 0.58456 Nicaragua Cordoba
1 Philippine Peso = 0.15155 Norwegian Krone
1 Philippine Peso = 2.04691 Nepalese Rupee
1 Philippine Peso = 0.02764 New Zealand Dollar
1 Philippine Peso = 0.00719 Omani Rial
1 Philippine Peso = 0.01869 Panama Balboa
1 Philippine Peso = 0.06103 Peruvian Nuevo Sol
1 Philippine Peso = 0.06077 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27135 Pakistani Rupee
1 Philippine Peso = 0.06898 Polish Zloty
1 Philippine Peso = 106.5969 Paraguayan Guarani
1 Philippine Peso = 0.06802 Qatar Rial
1 Philippine Peso = 0.07424 Romanian New Leu
1 Philippine Peso = 1.1686 Russian Rouble
1 Philippine Peso = 15.92992 Rwanda Franc
1 Philippine Peso = 0.07008 Saudi Arabian Riyal
1 Philippine Peso = 0.14699 Solomon Islands Dollar
1 Philippine Peso = 0.25089 Seychelles Rupee
1 Philippine Peso = 0.33555 Sudanese Pound
1 Philippine Peso = 0.16567 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01412 St Helena Pound
1 Philippine Peso = 0.41499 Slovak Koruna
1 Philippine Peso = 153.24238 Sierra Leone Leone
1 Philippine Peso = 10.65221 Somali Shilling
1 Philippine Peso = 391.8333 Sao Tome Dobra
1 Philippine Peso = 0.16352 El Salvador Colon
1 Philippine Peso = 9.624 Syrian Pound
1 Philippine Peso = 0.24803 Swaziland Lilageni
1 Philippine Peso = 0.62213 Thai Baht
1 Philippine Peso = 0.04953 Tunisian Dinar
1 Philippine Peso = 0.04334 Tongan paʻanga
1 Philippine Peso = 0.09042 Turkish Lira
1 Philippine Peso = 0.12621 Trinidad Tobago Dollar
1 Philippine Peso = 0.57118 Taiwan Dollar
1 Philippine Peso = 42.3846 Tanzanian Shilling
1 Philippine Peso = 0.48981 Ukraine Hryvnia
1 Philippine Peso = 69.93085 Ugandan Shilling
1 Philippine Peso = 0.01869 United States Dollar
1 Philippine Peso = 0.58568 Uruguayan New Peso
1 Philippine Peso = 145.44945 Uzbekistan Sum
1 Philippine Peso = 2236.96505 Venezuelan Bolivar
1 Philippine Peso = 430.74192 Vietnam Dong
1 Philippine Peso = 2.06036 Vanuatu Vatu
1 Philippine Peso = 0.04858 Samoa Tala
1 Philippine Peso = 10.48103 CFA Franc (BEAC)
1 Philippine Peso = 0.05046 East Caribbean Dollar
1 Philippine Peso = 10.48103 CFA Franc (BCEAO)
1 Philippine Peso = 1.90563 Pacific Franc
1 Philippine Peso = 4.66922 Yemen Riyal
1 Philippine Peso = 0.24782 South African Rand
1 Philippine Peso = 96.98187 Zambian Kwacha
1 Philippine Peso = 6.76322 Zimbabwe dollar

Caltex flexes retail powers with new stations

EIGHT years of shared commitment and solid partnership were highlighted as the Philippine Seven Corporation (PSC), the exclusive licensor of global convenience store chain giant 7-Eleven, and Chevron Philippines, Inc. (CPI), the marketer of the Caltex fuel brand, celebrated the recent landmark opening of the 100th 7-Eleven-Caltex store at the Aseana Square along Macapagal Avenue in Pasay City.

As this happened the petrochemical giant continued to fortify its position as one of the country’s leading fuel brands with the opening of five new stations across the country in the last two months.

The newly opened 7-Eleven “C-store,” brings to 2,209 the total number of outlets the convenient store giant runs all over the country. It is expected to further accelerate the aligned growth prospects of PSC and CPI for the coming years. Both PSC and CPI vowed to continue innovative efforts to deliver products and convenient services that will enhance overall customer experience.

The five new gasoline stations are part of Caltex efforts to expand its retail presence and bring Caltex with Techron Clean and Glide formulation closer to more Filipino motorists. Caltex has opened 19 new service stations during this year’s second half alone.

The new Caltex stations opened in General Tinio Extension, Cabanatuan City, Nueva Ecija; National Highway, Ligao, Albay; National Highway, Cumadcad, Castilla, Sorsogon; Mac Arthur Highway, Tablac, Candon, Ilocos Sur; and in Panabo Wharf Road, Panabo, Davao del Norte.

These strategic locations cater not just to residents and businesses but also to the growing number of local and foreign tourists exploring nearby attractions.

Caltex has been targeting regions around the country that are experiencing economic boom such as Regions 1, 3, 5 and 11. Semester reports from the National Economic and Development Authority show the three regions posting steady growth rate on the back of high tourist volume, more capital investments and a thriving services sector.

“These new Caltex stations also serve as a testament to the trust and confidence retailers have for the Caltex brand. CPI will continue strengthening its partnership with branded marketers and retailers to be of further service to the increasingly mobile Filipino community,” CPI Country Chairman Louie Zhang shared.

All Caltex service stations offer Caltex Silver with Techron, Caltex Platinum with Techron and Caltex Diesel with Techron. Caltex with Techron is Euro 4-compliant and comes with the new Clean and Glide formulation which deliver lower emissions, higher performance, and cleaner engines.

Meanwhile in his welcome speech, at the launch of 7-Eleven store no. 100 at the Caltex station in Aseana Square, Zhang said he is pleased to witness the milestone occasion that reflected the successful and enduring collaboration between the two leading enterprises.

“We thank our partners for making this successful opening happen. This is really something important for us. We are committed to making this partnership stronger. Our eight years of partnership has built success and confidence and will continue to inspire us to bring this business to even greater heights. We are looking forward to seeing more joint endeavours, with this milestone serving as a foundation for more successful projects ahead.,” Zhang expressed. 

For his part, Jose Victor Paterno, President and CEO of PSC, congratulated the team-up of PSC and CPI, acknowledging how it revolutionized the brand of convenience in the country while strategically leveraging the marketing and retail strengths of both organizations. He said the two organizations continue to share a commitment to serve and provide services for customers – from everyday passers-by to motorists in the metro as well as in key provinces and cities in the country.

“In other countries such as the US, convenience and fuel go side by side. In the Philippines, while car ownership is still an emerging market, we see this increasing segment as a factor that will help accelerate our expansion, more store openings together with Chevron,” Paterno emphasized.        

The creation of the 7-Eleven-Caltex store format, according to Paterno, has spawned greater convenience features that allow consumers access to round-the-clock services and grab-and-go food, grocery supplies and fuel refilling --- all in one strategic location.

“The value-added offering for customers and motorists, which 7-Eleven stores and Caltex refilling stations have served dutifully in the past eight years, has and still is dynamically reshaping the landscape of modern retail convenience in the Philippines. We are proud to be long-standing partners in the industry. As the pioneers of this concept, we are looking forward to deliver more products, services and exciting deals to our loyal patrons,” he said.

What’s unique with the partnership is its franchising approach. The retailers from Caltex were given the first option to franchise. If the retailers are not keen about the option, we (PSC) can operate it as a company-owned store or award it to another franchisee. It ushered a great many advantages. Also, it brought new and diversified customers for both sides.  By offering the option to operate a C-store on the same site as a gasoline station, not only did the strategy enhance the standards of convenience but also maximized the income generation for both,” Francis Medina, PSC Business Development Unit Head, said as he lauded the successful alliance between the two industry leaders. “

In line with its 2017 expansion target, Medina revealed that the company will continue to scale up its C-store network with the opening of 25 more 7-Eleven-Caltex branches in the provinces, specifically in the Visayas and Mindanao. 

“We are well poised to meet our growth goals as we end 2017,” he shared.

These new territories, according to him, will further cement 7-Eleven’s dominant presence across the country. “The company, which is deeply motivated by this milestone along with the momentum that came about from other significant ventures in the recent months, is positively looking to add C-stores. The new territories that will open up hopefully by next year include Region 2, Mindoro (Calapan) and Tacloban (Ormoc),” said Medina.
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