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Philippine Standard Time (PST[1][2] or PhST; [3][4] Filipino: Pamantayang Oras ng Pilipinas), also known as Philippine Time (PHT), [citation needed] is the official name for the time zone used in the Philippines. The country only uses a single time zone, at an offset of UTC+08:00, but has used daylight saving time for brief periods in the 20th ...
Time-based currency. In economics, a time-based currency is an alternative currency or exchange system where the unit of account is the person-hour or some other time unit. Some time-based currencies value everyone's contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for ...
Unix time passed 1 000 000 000 seconds on 2001-09-09T01:46:40Z. [1] It was celebrated in Copenhagen, Denmark, at a party held by the Danish UNIX User Group at 03:46:40 local time. Unix time [a] is a date and time representation widely used in computing.
Universal Time. Universal Time (UT or UT1) is a time standard based on Earth's rotation. [1] While originally it was mean solar time at 0° longitude, precise measurements of the Sun are difficult. Therefore, UT1 is computed from a measure of the Earth's angle with respect to the International Celestial Reference Frame (ICRF), called the Earth ...
The Philippines uses the 12-hour clock format in most oral or written communication, whether formal or informal. A colon (:) is used to separate the hour from the minutes (12:30 p.m.). The use of the 24-hour clock is usually restricted in use among airports, the military, police and other technical purposes.
Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+8), Cuba Standard Time (UTC−5), and (North American) Central Standard Time (UTC−6), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in an earlier ...
The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
International Atomic Time. International Atomic Time (abbreviated TAI, from its French name temps atomique international[1]) is a high-precision atomic coordinate time standard based on the notional passage of proper time on Earth's geoid. [2] TAI is a weighted average of the time kept by over 450 atomic clocks in over 80 national laboratories ...