April 20, 2018, 11:08 am
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1 Philippine Peso = 0.07053 UAE Dirham
1 Philippine Peso = 1.99923 Albanian Lek
1 Philippine Peso = 0.03418 Neth Antilles Guilder
1 Philippine Peso = 0.38677 Argentine Peso
1 Philippine Peso = 0.02467 Australian Dollar
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1 Philippine Peso = 0.06526 Brazilian Real
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1 Philippine Peso = 384.48243 Belarus Ruble
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1 Philippine Peso = 0.02421 Canadian Dollar
1 Philippine Peso = 0.01858 Swiss Franc
1 Philippine Peso = 11.41406 Chilean Peso
1 Philippine Peso = 0.12052 Chinese Yuan
1 Philippine Peso = 52.12791 Colombian Peso
1 Philippine Peso = 10.7778 Costa Rica Colon
1 Philippine Peso = 0.0192 Cuban Peso
1 Philippine Peso = 1.71039 Cape Verde Escudo
1 Philippine Peso = 0.39282 Czech Koruna
1 Philippine Peso = 3.39601 Djibouti Franc
1 Philippine Peso = 0.11551 Danish Krone
1 Philippine Peso = 0.94891 Dominican Peso
1 Philippine Peso = 2.1798 Algerian Dinar
1 Philippine Peso = 0.24262 Estonian Kroon
1 Philippine Peso = 0.33916 Egyptian Pound
1 Philippine Peso = 0.52276 Ethiopian Birr
1 Philippine Peso = 0.01551 Euro
1 Philippine Peso = 0.03865 Fiji Dollar
1 Philippine Peso = 0.01348 Falkland Islands Pound
1 Philippine Peso = 0.01349 British Pound
1 Philippine Peso = 0.08525 Ghanaian Cedi
1 Philippine Peso = 0.89975 Gambian Dalasi
1 Philippine Peso = 172.80584 Guinea Franc
1 Philippine Peso = 0.14089 Guatemala Quetzal
1 Philippine Peso = 3.95007 Guyana Dollar
1 Philippine Peso = 0.15072 Hong Kong Dollar
1 Philippine Peso = 0.45249 Honduras Lempira
1 Philippine Peso = 0.11491 Croatian Kuna
1 Philippine Peso = 1.24505 Haiti Gourde
1 Philippine Peso = 4.8093 Hungarian Forint
1 Philippine Peso = 264.60534 Indonesian Rupiah
1 Philippine Peso = 0.06739 Israeli Shekel
1 Philippine Peso = 1.26727 Indian Rupee
1 Philippine Peso = 22.73862 Iraqi Dinar
1 Philippine Peso = 806.60649 Iran Rial
1 Philippine Peso = 1.91031 Iceland Krona
1 Philippine Peso = 2.37565 Jamaican Dollar
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1 Philippine Peso = 2.06171 Japanese Yen
1 Philippine Peso = 1.92145 Kenyan Shilling
1 Philippine Peso = 1.32194 Kyrgyzstan Som
1 Philippine Peso = 76.97331 Cambodia Riel
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1 Philippine Peso = 17.28442 North Korean Won
1 Philippine Peso = 20.40042 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.01575 Cayman Islands Dollar
1 Philippine Peso = 6.25043 Kazakhstan Tenge
1 Philippine Peso = 158.93989 Lao Kip
1 Philippine Peso = 28.9034 Lebanese Pound
1 Philippine Peso = 2.99693 Sri Lanka Rupee
1 Philippine Peso = 2.50451 Liberian Dollar
1 Philippine Peso = 0.22892 Lesotho Loti
1 Philippine Peso = 0.05855 Lithuanian Lita
1 Philippine Peso = 0.01192 Latvian Lat
1 Philippine Peso = 0.02543 Libyan Dinar
1 Philippine Peso = 0.17577 Moroccan Dirham
1 Philippine Peso = 0.31452 Moldovan Leu
1 Philippine Peso = 0.94968 Macedonian Denar
1 Philippine Peso = 25.52333 Myanmar Kyat
1 Philippine Peso = 45.86134 Mongolian Tugrik
1 Philippine Peso = 0.15521 Macau Pataca
1 Philippine Peso = 6.76013 Mauritania Ougulya
1 Philippine Peso = 0.64144 Mauritius Rupee
1 Philippine Peso = 0.29902 Maldives Rufiyaa
1 Philippine Peso = 13.70175 Malawi Kwacha
1 Philippine Peso = 0.35007 Mexican Peso
1 Philippine Peso = 0.07459 Malaysian Ringgit
1 Philippine Peso = 0.22915 Namibian Dollar
1 Philippine Peso = 6.87536 Nigerian Naira
1 Philippine Peso = 0.59554 Nicaragua Cordoba
1 Philippine Peso = 0.14884 Norwegian Krone
1 Philippine Peso = 2.01652 Nepalese Rupee
1 Philippine Peso = 0.02629 New Zealand Dollar
1 Philippine Peso = 0.00739 Omani Rial
1 Philippine Peso = 0.0192 Panama Balboa
1 Philippine Peso = 0.06176 Peruvian Nuevo Sol
1 Philippine Peso = 0.06241 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.21836 Pakistani Rupee
1 Philippine Peso = 0.06459 Polish Zloty
1 Philippine Peso = 106.04187 Paraguayan Guarani
1 Philippine Peso = 0.0699 Qatar Rial
1 Philippine Peso = 0.07223 Romanian New Leu
1 Philippine Peso = 1.16816 Russian Rouble
1 Philippine Peso = 16.22066 Rwanda Franc
1 Philippine Peso = 0.07202 Saudi Arabian Riyal
1 Philippine Peso = 0.14768 Solomon Islands Dollar
1 Philippine Peso = 0.25792 Seychelles Rupee
1 Philippine Peso = 0.34667 Sudanese Pound
1 Philippine Peso = 0.161 Swedish Krona
1 Philippine Peso = 0.02513 Singapore Dollar
1 Philippine Peso = 0.01349 St Helena Pound
1 Philippine Peso = 0.42646 Slovak Koruna
1 Philippine Peso = 146.53351 Sierra Leone Leone
1 Philippine Peso = 10.79316 Somali Shilling
1 Philippine Peso = 380.06338 Sao Tome Dobra
1 Philippine Peso = 0.16804 El Salvador Colon
1 Philippine Peso = 9.89015 Syrian Pound
1 Philippine Peso = 0.22917 Swaziland Lilageni
1 Philippine Peso = 0.599 Thai Baht
1 Philippine Peso = 0.04602 Tunisian Dinar
1 Philippine Peso = 0.04292 Tongan paʻanga
1 Philippine Peso = 0.07736 Turkish Lira
1 Philippine Peso = 0.12961 Trinidad Tobago Dollar
1 Philippine Peso = 0.56365 Taiwan Dollar
1 Philippine Peso = 43.7488 Tanzanian Shilling
1 Philippine Peso = 0.50259 Ukraine Hryvnia
1 Philippine Peso = 70.84694 Ugandan Shilling
1 Philippine Peso = 0.0192 United States Dollar
1 Philippine Peso = 0.54158 Uruguayan New Peso
1 Philippine Peso = 154.65719 Uzbekistan Sum
1 Philippine Peso = 1139.831 Venezuelan Bolivar
1 Philippine Peso = 437.43038 Vietnam Dong
1 Philippine Peso = 2.00538 Vanuatu Vatu
1 Philippine Peso = 0.04922 Samoa Tala
1 Philippine Peso = 10.16881 CFA Franc (BEAC)
1 Philippine Peso = 0.05185 East Caribbean Dollar
1 Philippine Peso = 10.16881 CFA Franc (BCEAO)
1 Philippine Peso = 1.83983 Pacific Franc
1 Philippine Peso = 4.79931 Yemen Riyal
1 Philippine Peso = 0.2292 South African Rand
1 Philippine Peso = 99.66391 Zambian Kwacha
1 Philippine Peso = 6.95026 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.
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