December 21, 2014, 12:02 pm
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1 Philippine Peso = 0.08209 UAE Dirham
1 Philippine Peso = 2.55358 Albanian Lek
1 Philippine Peso = 0.04 Neth Antilles Guilder
1 Philippine Peso = 0.19112 Argentine Peso
1 Philippine Peso = 0.02735 Australian Dollar
1 Philippine Peso = 0.04 Aruba Florin
1 Philippine Peso = 0.0447 Barbados Dollar
1 Philippine Peso = 1.72804 Bangladesh Taka
1 Philippine Peso = 0.03561 Bulgarian Lev
1 Philippine Peso = 0.00843 Bahraini Dinar
1 Philippine Peso = 35.08772 Burundi Franc
1 Philippine Peso = 0.02235 Bermuda Dollar
1 Philippine Peso = 0.0294 Brunei Dollar
1 Philippine Peso = 0.15443 Bolivian Boliviano
1 Philippine Peso = 0.05917 Brazilian Real
1 Philippine Peso = 0.02235 Bahamian Dollar
1 Philippine Peso = 1.41435 Bhutan Ngultrum
1 Philippine Peso = 0.21274 Botswana Pula
1 Philippine Peso = 245.83752 Belarus Ruble
1 Philippine Peso = 0.04459 Belize Dollar
1 Philippine Peso = 0.02592 Canadian Dollar
1 Philippine Peso = 0.02192 Swiss Franc
1 Philippine Peso = 13.69214 Chilean Peso
1 Philippine Peso = 0.139 Chinese Yuan
1 Philippine Peso = 51.51414 Colombian Peso
1 Philippine Peso = 11.91273 Costa Rica Colon
1 Philippine Peso = 0.02235 Cuban Peso
1 Philippine Peso = 2.0095 Cape Verde Escudo
1 Philippine Peso = 0.50317 Czech Koruna
1 Philippine Peso = 3.97855 Djibouti Franc
1 Philippine Peso = 0.13544 Danish Krone
1 Philippine Peso = 0.98849 Dominican Peso
1 Philippine Peso = 1.95083 Algerian Dinar
1 Philippine Peso = 0.28485 Estonian Kroon
1 Philippine Peso = 0.15986 Egyptian Pound
1 Philippine Peso = 0.45088 Ethiopian Birr
1 Philippine Peso = 0.01821 Euro
1 Philippine Peso = 0.04455 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01429 British Pound
1 Philippine Peso = 0.07177 Ghanaian Cedi
1 Philippine Peso = 0.96324 Gambian Dalasi
1 Philippine Peso = 157.11253 Guinea Franc
1 Philippine Peso = 0.17013 Guatemala Quetzal
1 Philippine Peso = 4.63091 Guyana Dollar
1 Philippine Peso = 0.17333 Hong Kong Dollar
1 Philippine Peso = 0.47011 Honduras Lempira
1 Philippine Peso = 0.13955 Croatian Kuna
1 Philippine Peso = 1.04415 Haiti Gourde
1 Philippine Peso = 5.76042 Hungarian Forint
1 Philippine Peso = 277.6165 Indonesian Rupiah
1 Philippine Peso = 0.08773 Israeli Shekel
1 Philippine Peso = 1.41446 Indian Rupee
1 Philippine Peso = 25.67773 Iraqi Dinar
1 Philippine Peso = 603.59817 Iran Rial
1 Philippine Peso = 2.8278 Iceland Krona
1 Philippine Peso = 2.5547 Jamaican Dollar
1 Philippine Peso = 0.01587 Jordanian Dinar
1 Philippine Peso = 2.66602 Japanese Yen
1 Philippine Peso = 2.02023 Kenyan Shilling
1 Philippine Peso = 1.28729 Kyrgyzstan Som
1 Philippine Peso = 90.76321 Cambodia Riel
1 Philippine Peso = 8.96484 Comoros Franc
1 Philippine Peso = 20.11398 North Korean Won
1 Philippine Peso = 24.57258 Korean Won
1 Philippine Peso = 0.00654 Kuwaiti Dinar
1 Philippine Peso = 0.01833 Cayman Islands Dollar
1 Philippine Peso = 4.06995 Kazakhstan Tenge
1 Philippine Peso = 180.73751 Lao Kip
1 Philippine Peso = 33.81383 Lebanese Pound
1 Philippine Peso = 2.93429 Sri Lanka Rupee
1 Philippine Peso = 1.8895 Liberian Dollar
1 Philippine Peso = 0.25989 Lesotho Loti
1 Philippine Peso = 0.06286 Lithuanian Lita
1 Philippine Peso = 0.01281 Latvian Lat
1 Philippine Peso = 0.02676 Libyan Dinar
1 Philippine Peso = 0.20036 Moroccan Dirham
1 Philippine Peso = 0.34976 Moldovan Leu
1 Philippine Peso = 1.12147 Macedonian Denar
1 Philippine Peso = 23.05509 Myanmar Kyat
1 Philippine Peso = 42.12761 Mongolian Tugrik
1 Philippine Peso = 0.17854 Macau Pataca
1 Philippine Peso = 6.49626 Mauritania Ougulya
1 Philippine Peso = 0.70511 Mauritius Rupee
1 Philippine Peso = 0.34373 Maldives Rufiyaa
1 Philippine Peso = 10.77662 Malawi Kwacha
1 Philippine Peso = 0.32442 Mexican Peso
1 Philippine Peso = 0.07762 Malaysian Ringgit
1 Philippine Peso = 0.25989 Namibian Dollar
1 Philippine Peso = 4.18929 Nigerian Naira
1 Philippine Peso = 0.59349 Nicaragua Cordoba
1 Philippine Peso = 0.16418 Norwegian Krone
1 Philippine Peso = 2.26296 Nepalese Rupee
1 Philippine Peso = 0.02877 New Zealand Dollar
1 Philippine Peso = 0.0086 Omani Rial
1 Philippine Peso = 0.02235 Panama Balboa
1 Philippine Peso = 0.06571 Peruvian Nuevo Sol
1 Philippine Peso = 0.05762 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.24796 Pakistani Rupee
1 Philippine Peso = 0.07776 Polish Zloty
1 Philippine Peso = 103.59169 Paraguayan Guarani
1 Philippine Peso = 0.08138 Qatar Rial
1 Philippine Peso = 0.08146 Romanian New Leu
1 Philippine Peso = 1.3337 Russian Rouble
1 Philippine Peso = 15.43189 Rwanda Franc
1 Philippine Peso = 0.0839 Saudi Arabian Riyal
1 Philippine Peso = 0.16996 Solomon Islands Dollar
1 Philippine Peso = 0.31655 Seychelles Rupee
1 Philippine Peso = 0.12728 Sudanese Pound
1 Philippine Peso = 0.17262 Swedish Krona
1 Philippine Peso = 0.02939 Singapore Dollar
1 Philippine Peso = 0.01429 St Helena Pound
1 Philippine Peso = 0.49628 Slovak Koruna
1 Philippine Peso = 95.5414 Sierra Leone Leone
1 Philippine Peso = 15.83529 Somali Shilling
1 Philippine Peso = 446.47447 Sao Tome Dobra
1 Philippine Peso = 0.19546 El Salvador Colon
1 Philippine Peso = 3.92893 Syrian Pound
1 Philippine Peso = 0.25989 Swaziland Lilageni
1 Philippine Peso = 0.73452 Thai Baht
1 Philippine Peso = 0.04168 Tunisian Dinar
1 Philippine Peso = 0.04351 Tonga Pa'ang
1 Philippine Peso = 0.05198 Turkish Lira
1 Philippine Peso = 0.14195 Trinidad Tobago Dollar
1 Philippine Peso = 0.70343 Taiwan Dollar
1 Philippine Peso = 37.94726 Tanzanian Shilling
1 Philippine Peso = 0.35352 Ukraine Hryvnia
1 Philippine Peso = 61.90636 Ugandan Shilling
1 Philippine Peso = 0.02235 United States Dollar
1 Philippine Peso = 0.53503 Uruguayan New Peso
1 Philippine Peso = 53.94927 Uzbekistan Sum
1 Philippine Peso = 0.14192 Venezuelan Bolivar
1 Philippine Peso = 477.98637 Vietnam Dong
1 Philippine Peso = 2.33389 Vanuatu Vatu
1 Philippine Peso = 0.05441 Samoa Tala
1 Philippine Peso = 11.95311 CFA Franc (BEAC)
1 Philippine Peso = 0.06034 East Caribbean Dollar
1 Philippine Peso = 11.95311 CFA Franc (BCEAO)
1 Philippine Peso = 2.17451 Pacific Franc
1 Philippine Peso = 4.80612 Yemen Riyal
1 Philippine Peso = 0.25949 South African Rand
1 Philippine Peso = 115.97944 Zambian Kwacha
1 Philippine Peso = 8.08805 Zimbabwe dollar

Philex sets P14B stock rights offer

Philex Mining Corp. yesterday said it is pushing through with its P13.81 billion stock rights offering. The money will be used to repay loans  and fund its capital expenditures.
 
Philex said the Securities and Exchange Commission (SEC) has already served notice of the filing of Philex’s registration statement which will pave the way for the rights offering to shareholders of record as of October 16, 2013.
 
The firm had to shelve the rights offering since operations at its Padcal mine was still suspended due to a tailings dam spill.
 
The registration statement was filed last March when government regulators allowed it to temporarily resume operations so it can shore up its tailings dam. The temporary lifting has been extended after its July deadline.
 
The net proceeds from the stock offer will be used by the company for the repayment of loans from the First Pacific Group, capital expenditures and exploration costs related to existing projects, primarily the Silangan project and the Kalayaan project, and general corporate purposes.
 
Philex Mining borrowed P2.1 billion from majority shareholder First Pacific Co. Limited last November to repair the Padcal tailings dam and to finance the Silangan project.
 
Philex Mining earlier said it was on-track to start production in its Silangan Project by 2017.
 
 The project covers the Boyongan and Bayugo deposits, which are currently under prefeasibility study.
 
The Silangan project aims to produce 35,000 to 60,000 tons per day the firm’s other Greenfield projects are seen to produce about another 15,000 tons per day once they start operations.1
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Column of the Day

Heartbreaking

By ELLEN TORDESILLAS | December 19,2014
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‘The world is no stranger to heinous crimes but nothing is more abominable than the massacre of schoolchildren in Peshawar, a large valley close to the Pakistan-Afghanistan border.’

Opinion of the Day

BIR indifferent to tax shortfall

By AMADO P. MACASAET | December 19, 2014
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‘Demand that PMFTC prove its claims.  True or not the BIR does not seem to care.’