January 19, 2018, 5:39 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07263 UAE Dirham
1 Philippine Peso = 2.14992 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.37318 Argentine Peso
1 Philippine Peso = 0.02474 Australian Dollar
1 Philippine Peso = 0.03521 Aruba Florin
1 Philippine Peso = 0.03956 Barbados Dollar
1 Philippine Peso = 1.63687 Bangladesh Taka
1 Philippine Peso = 0.03163 Bulgarian Lev
1 Philippine Peso = 0.00745 Bahraini Dinar
1 Philippine Peso = 34.63172 Burundi Franc
1 Philippine Peso = 0.01978 Bermuda Dollar
1 Philippine Peso = 0.02627 Brunei Dollar
1 Philippine Peso = 0.13568 Bolivian Boliviano
1 Philippine Peso = 0.06382 Brazilian Real
1 Philippine Peso = 0.01978 Bahamian Dollar
1 Philippine Peso = 1.25445 Bhutan Ngultrum
1 Philippine Peso = 0.19324 Botswana Pula
1 Philippine Peso = 395.96518 Belarus Ruble
1 Philippine Peso = 0.03951 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01896 Swiss Franc
1 Philippine Peso = 11.96895 Chilean Peso
1 Philippine Peso = 0.12736 Chinese Yuan
1 Philippine Peso = 56.62579 Colombian Peso
1 Philippine Peso = 11.15506 Costa Rica Colon
1 Philippine Peso = 0.01978 Cuban Peso
1 Philippine Peso = 1.77275 Cape Verde Escudo
1 Philippine Peso = 0.40883 Czech Koruna
1 Philippine Peso = 3.49743 Djibouti Franc
1 Philippine Peso = 0.1197 Danish Krone
1 Philippine Peso = 0.95886 Dominican Peso
1 Philippine Peso = 2.24462 Algerian Dinar
1 Philippine Peso = 0.25141 Estonian Kroon
1 Philippine Peso = 0.34978 Egyptian Pound
1 Philippine Peso = 0.53817 Ethiopian Birr
1 Philippine Peso = 0.01607 Euro
1 Philippine Peso = 0.03956 Fiji Dollar
1 Philippine Peso = 0.01433 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08957 Ghanaian Cedi
1 Philippine Peso = 0.9371 Gambian Dalasi
1 Philippine Peso = 177.94699 Guinea Franc
1 Philippine Peso = 0.14509 Guatemala Quetzal
1 Philippine Peso = 4.07219 Guyana Dollar
1 Philippine Peso = 0.15475 Hong Kong Dollar
1 Philippine Peso = 0.46509 Honduras Lempira
1 Philippine Peso = 0.11922 Croatian Kuna
1 Philippine Peso = 1.25771 Haiti Gourde
1 Philippine Peso = 4.9644 Hungarian Forint
1 Philippine Peso = 263.35047 Indonesian Rupiah
1 Philippine Peso = 0.06775 Israeli Shekel
1 Philippine Peso = 1.266 Indian Rupee
1 Philippine Peso = 23.41772 Iraqi Dinar
1 Philippine Peso = 723.08147 Iran Rial
1 Philippine Peso = 2.02255 Iceland Krona
1 Philippine Peso = 2.43928 Jamaican Dollar
1 Philippine Peso = 0.01399 Jordanian Dinar
1 Philippine Peso = 2.18216 Japanese Yen
1 Philippine Peso = 2.03224 Kenyan Shilling
1 Philippine Peso = 1.37189 Kyrgyzstan Som
1 Philippine Peso = 79.26622 Cambodia Riel
1 Philippine Peso = 8.12896 Comoros Franc
1 Philippine Peso = 17.80063 North Korean Won
1 Philippine Peso = 21.02452 Korean Won
1 Philippine Peso = 0.00594 Kuwaiti Dinar
1 Philippine Peso = 0.01622 Cayman Islands Dollar
1 Philippine Peso = 6.47765 Kazakhstan Tenge
1 Philippine Peso = 163.7856 Lao Kip
1 Philippine Peso = 29.88528 Lebanese Pound
1 Philippine Peso = 3.04292 Sri Lanka Rupee
1 Philippine Peso = 2.5093 Liberian Dollar
1 Philippine Peso = 0.24248 Lesotho Loti
1 Philippine Peso = 0.0603 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02646 Libyan Dinar
1 Philippine Peso = 0.18183 Moroccan Dirham
1 Philippine Peso = 0.33356 Moldovan Leu
1 Philippine Peso = 0.98418 Macedonian Denar
1 Philippine Peso = 26.46361 Myanmar Kyat
1 Philippine Peso = 47.8837 Mongolian Tugrik
1 Philippine Peso = 0.1593 Macau Pataca
1 Philippine Peso = 6.96203 Mauritania Ougulya
1 Philippine Peso = 0.64676 Mauritius Rupee
1 Philippine Peso = 0.30795 Maldives Rufiyaa
1 Philippine Peso = 14.11195 Malawi Kwacha
1 Philippine Peso = 0.37086 Mexican Peso
1 Philippine Peso = 0.07803 Malaysian Ringgit
1 Philippine Peso = 0.24161 Namibian Dollar
1 Philippine Peso = 7.0807 Nigerian Naira
1 Philippine Peso = 0.6072 Nicaragua Cordoba
1 Philippine Peso = 0.15518 Norwegian Krone
1 Philippine Peso = 2.0265 Nepalese Rupee
1 Philippine Peso = 0.02715 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01978 Panama Balboa
1 Philippine Peso = 0.06341 Peruvian Nuevo Sol
1 Philippine Peso = 0.0624 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.18473 Pakistani Rupee
1 Philippine Peso = 0.06706 Polish Zloty
1 Philippine Peso = 110.52215 Paraguayan Guarani
1 Philippine Peso = 0.07202 Qatar Rial
1 Philippine Peso = 0.07488 Romanian New Leu
1 Philippine Peso = 1.11739 Russian Rouble
1 Philippine Peso = 16.52987 Rwanda Franc
1 Philippine Peso = 0.07417 Saudi Arabian Riyal
1 Philippine Peso = 0.15387 Solomon Islands Dollar
1 Philippine Peso = 0.26503 Seychelles Rupee
1 Philippine Peso = 0.13841 Sudanese Pound
1 Philippine Peso = 0.15847 Swedish Krona
1 Philippine Peso = 0.02609 Singapore Dollar
1 Philippine Peso = 0.01433 St Helena Pound
1 Philippine Peso = 0.4392 Slovak Koruna
1 Philippine Peso = 150.90981 Sierra Leone Leone
1 Philippine Peso = 10.85839 Somali Shilling
1 Philippine Peso = 393.89636 Sao Tome Dobra
1 Philippine Peso = 0.17306 El Salvador Colon
1 Philippine Peso = 10.18552 Syrian Pound
1 Philippine Peso = 0.24175 Swaziland Lilageni
1 Philippine Peso = 0.63054 Thai Baht
1 Philippine Peso = 0.04769 Tunisian Dinar
1 Philippine Peso = 0.04409 Tongan paʻanga
1 Philippine Peso = 0.07507 Turkish Lira
1 Philippine Peso = 0.13281 Trinidad Tobago Dollar
1 Philippine Peso = 0.5839 Taiwan Dollar
1 Philippine Peso = 44.34335 Tanzanian Shilling
1 Philippine Peso = 0.56547 Ukraine Hryvnia
1 Philippine Peso = 71.79588 Ugandan Shilling
1 Philippine Peso = 0.01978 United States Dollar
1 Philippine Peso = 0.56468 Uruguayan New Peso
1 Philippine Peso = 160.81883 Uzbekistan Sum
1 Philippine Peso = 0.19729 Venezuelan Bolivar
1 Philippine Peso = 449.14952 Vietnam Dong
1 Philippine Peso = 2.0449 Vanuatu Vatu
1 Philippine Peso = 0.04966 Samoa Tala
1 Philippine Peso = 10.5352 CFA Franc (BEAC)
1 Philippine Peso = 0.0534 East Caribbean Dollar
1 Philippine Peso = 10.5352 CFA Franc (BCEAO)
1 Philippine Peso = 1.90645 Pacific Franc
1 Philippine Peso = 4.94363 Yemen Riyal
1 Philippine Peso = 0.24183 South African Rand
1 Philippine Peso = 102.64043 Zambian Kwacha
1 Philippine Peso = 7.15783 Zimbabwe dollar

More than P1M in cash prizes, incentives await winners of CMA

The Citi Microentrepreneurship Awards (CMA), the annual search for most outstanding microentrepreneurs in the country, officially started this year in a ceremony held recently at the Bangko Sentral ng Pilipinas in Manila.  

Since 2002, the CMA has recognized entrepreneurs at the grassroots who have overtaken poverty with support from microfinance institutions as partners in financial inclusion and enterprise development.

Through its 12-year run, the CMA has recognized microentrepreneurs from Luzon, Visayas, and Mindanao whose thriving businesses have greatly improved their quality of life and helped the community through employment generation.  

“The nominations we receive each year are always awe-inspiring. For instance, it’s amazing how last year’s national winner started from removing fish heads in a bagoong factory before becoming a manufacturer and exporter of bagoong. This year we expect more submissions of similar stories of entrepreneurial triumph,” said MCPI Executive Director Allan Robert Sicat.  

The launch signals the start of the nomination process as program partners Bangko Sentral ng Pilipinas, Citi Philippines, and the Microfinance Council of the Philippines, Inc. prepare to receive nominees for the various awards categories from microfinance banks, cooperatives, non-government institutions, and microfinance networks. A National Winner and Luzon, Visayas, and Mindanao Awardees will be chosen from among the nominees. Special Awardees for Agri Micro-business, Innovation, and Community Leadership will also be recognized.

Cash incentive as well as value-added services awaits the winners. The national winner will receive a cash prize of P200,000, while special awardees will each get P100,000. The loan officers of these winners will also get a cash incentive of P10,000.

The CMA also provides the winners with a two-week entrepreneurship course to help speed up progress of the enterprises. Awardees also receive laptops together with basic computer training. A life and health insurance coverage is also given to the winners to protect them and their dependents from unforeseen events. Town hall celebrations are also organized for each of the winners, giving them the opportunity to celebrate their achievement with family, friends, and employees.

New York-based Citi Foundation’s continuing support to the awards program has allowed for the creation of a mechanism meant to support the microenterprises’ long term growth and stability. A one-on-one mentoring program designed to address specific needs of the businesses has been put in place and will have last year’s awardees as pilot participants.  

Citi Philippines CEO Batara Sianturi in his opening remarks said: “This launch ceremony reaffirms our commitment to uplifting the plight of the microentrepreneurs. We understand the challenges that hinder their growth and there are no over-the-counter solutions that can immediately address their needs.  Despite this situation, we are here today because we all are believers of change – that each of us can drive the change that we want from policies/regulations, process of doing business for these microentrepreneurs to make that leap from micro to small/medium enterprises. Our vision is to have our entrepreneurs compete locally as well as globally.”

BSP Governor Amando M. Tetangco, Jr. credits the CMA for highlighting how microfinance uplifts entrepreneurs from humble beginnings to progressive businesses. He remarks, “The success stories of CMA winners show that the Philippine microfinance industry is catalyzing positive results on the ground. We look forward to see microfinance providers magnifying their outreach to serve more of the financially-excluded segments of our population.”

Since it started, the CMA has gained support not only from industry players but also from distinguished members of the National Selection Committee that have taken on the task of choosing the exemplary microentrepreneurs. They are BSP Governor Amando M. Tetangco, Jr. and Citi Philippines CEO Batara P. Sianturi as Co-Chairs of the Committee; Antonino L. Alindogan, Jr., Member of the Board of Directors of Philippine Airlines; Jose Ma. A. Concepcion III, President and CEO of RFM Corporation; Robina Gokongwei-Pe, President and COO, Robinsons Retail Group; Atty. Felipe L. Gozon, Chairman and CEO of GMA Network, Inc.; Sec. Imelda M. Nicolas, Chairperson of the Commission on Filipinos Overseas; Marixi Rufino-Prieto, Chair of The Philippine Daily Inquirer; and Dr. Darwin D. Yu, PhD, Dean of the John Gokongwei School of Management of the Ateneo de Manila University.   

The CMA started on Citi’s centennial year of operating in the Philippines and in wider Asia.  Three years later in 2005, the CMA was adopted as a global program by Citi and introduced to over30 other countries. Over the last decade, it has recognized 100 Filipinos, a number of whom have grown their businesses significantly in terms of profits and assets.
Rating: 
No votes yet

Column of the Day

About noxious candles; man’s cunning

By DAHLI ASPILLERA | January 19,2018
‘Few things set the romantic atmosphere of the gentle flicker of a fragrant candle’s flame, be it on the dining table, in the bathroom, on the backyard table on a starry night.’

Opinion of the Day

Carpio’s terms for PH Rise research

By ELLEN TORDESILLAS | January 19, 2018
‘China should not be allowed to conduct marine scientific research in Philippine Rise which the United Nations Commission on the Law of the Sea has recognized as part of the Philippine extended continental shelf.’