In regards to the article FEUadjusts budget to P2.035B published in The Manilla Times...

What is P2.035B??? is this a currency amount? The Philippine Peso? How do I convert this amount to US Dollars in order to understand the amount better? I found the website:

https://www.xe.com/currencyconverter/convert/?From=PHP&To=USD

How to I enter the amount in order to get the correct conversion to US Dollars?

Also, another article I referenced at: https://www.manilatimes.net/2017/09/27/business/columnists-business/feus-close-p4-b-retained-earnings/353118/

Can someone help me understand the information better? Summarize in easier terms. Help me understand the amounts presented and information given. Also, understand about the commonshares. I'm writing a paper on appropriated retained earnings.