July 14, 2014, 12:38 am
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1 Philippine Peso = 0.0845 UAE Dirham
1 Philippine Peso = 2.37693 Albanian Lek
1 Philippine Peso = 0.04118 Neth Antilles Guilder
1 Philippine Peso = 0.18731 Argentine Peso
1 Philippine Peso = 0.0245 Australian Dollar
1 Philippine Peso = 0.04117 Aruba Florin
1 Philippine Peso = 0.04601 Barbados Dollar
1 Philippine Peso = 1.78571 Bangladesh Taka
1 Philippine Peso = 0.03321 Bulgarian Lev
1 Philippine Peso = 0.00867 Bahraini Dinar
1 Philippine Peso = 35.31171 Burundi Franc
1 Philippine Peso = 0.023 Bermuda Dollar
1 Philippine Peso = 0.02855 Brunei Dollar
1 Philippine Peso = 0.15896 Bolivian Boliviano
1 Philippine Peso = 0.0511 Brazilian Real
1 Philippine Peso = 0.023 Bahamian Dollar
1 Philippine Peso = 1.38176 Bhutan Ngultrum
1 Philippine Peso = 0.20358 Botswana Pula
1 Philippine Peso = 235.67978 Belarus Ruble
1 Philippine Peso = 0.04589 Belize Dollar
1 Philippine Peso = 0.02469 Canadian Dollar
1 Philippine Peso = 0.02052 Swiss Franc
1 Philippine Peso = 12.7435 Chilean Peso
1 Philippine Peso = 0.14271 Chinese Yuan
1 Philippine Peso = 42.6432 Colombian Peso
1 Philippine Peso = 12.45641 Costa Rica Colon
1 Philippine Peso = 0.023 Cuban Peso
1 Philippine Peso = 1.84035 Cape Verde Escudo
1 Philippine Peso = 0.46411 Czech Koruna
1 Philippine Peso = 4.16839 Djibouti Franc
1 Philippine Peso = 0.12603 Danish Krone
1 Philippine Peso = 1.00046 Dominican Peso
1 Philippine Peso = 1.84495 Algerian Dinar
1 Philippine Peso = 0.26452 Estonian Kroon
1 Philippine Peso = 0.16454 Egyptian Pound
1 Philippine Peso = 0.45358 Ethiopian Birr
1 Philippine Peso = 0.01691 Euro
1 Philippine Peso = 0.04227 Fiji Dollar
1 Philippine Peso = 0.01344 Falkland Islands Pound
1 Philippine Peso = 0.01344 British Pound
1 Philippine Peso = 0.07625 Ghanaian Cedi
1 Philippine Peso = 0.91097 Gambian Dalasi
1 Philippine Peso = 161.72073 Guinea Franc
1 Philippine Peso = 0.1783 Guatemala Quetzal
1 Philippine Peso = 4.732 Guyana Dollar
1 Philippine Peso = 0.1783 Hong Kong Dollar
1 Philippine Peso = 0.48222 Honduras Lempira
1 Philippine Peso = 0.12873 Croatian Kuna
1 Philippine Peso = 1.0421 Haiti Gourde
1 Philippine Peso = 5.24155 Hungarian Forint
1 Philippine Peso = 266.50564 Indonesian Rupiah
1 Philippine Peso = 0.0789 Israeli Shekel
1 Philippine Peso = 1.38084 Indian Rupee
1 Philippine Peso = 26.78629 Iraqi Dinar
1 Philippine Peso = 594.98505 Iran Rial
1 Philippine Peso = 2.6156 Iceland Krona
1 Philippine Peso = 2.59374 Jamaican Dollar
1 Philippine Peso = 0.01631 Jordanian Dinar
1 Philippine Peso = 2.33057 Japanese Yen
1 Philippine Peso = 2.01748 Kenyan Shilling
1 Philippine Peso = 1.1912 Kyrgyzstan Som
1 Philippine Peso = 92.47757 Cambodia Riel
1 Philippine Peso = 8.31704 Comoros Franc
1 Philippine Peso = 20.70393 North Korean Won
1 Philippine Peso = 23.44836 Korean Won
1 Philippine Peso = 0.0065 Kuwaiti Dinar
1 Philippine Peso = 0.01886 Cayman Islands Dollar
1 Philippine Peso = 4.22222 Kazakhstan Tenge
1 Philippine Peso = 185.21969 Lao Kip
1 Philippine Peso = 34.79411 Lebanese Pound
1 Philippine Peso = 2.99517 Sri Lanka Rupee
1 Philippine Peso = 2.1049 Liberian Dollar
1 Philippine Peso = 0.24672 Lesotho Loti
1 Philippine Peso = 0.0584 Lithuanian Lita
1 Philippine Peso = 0.01172 Latvian Lat
1 Philippine Peso = 0.02827 Libyan Dinar
1 Philippine Peso = 0.18934 Moroccan Dirham
1 Philippine Peso = 0.32296 Moldovan Leu
1 Philippine Peso = 1.04187 Macedonian Denar
1 Philippine Peso = 22.40626 Myanmar Kyat
1 Philippine Peso = 42.04049 Mongolian Tugrik
1 Philippine Peso = 0.18363 Macau Pataca
1 Philippine Peso = 6.69197 Mauritania Ougulya
1 Philippine Peso = 0.69818 Mauritius Rupee
1 Philippine Peso = 0.35427 Maldives Rufiyaa
1 Philippine Peso = 9.10467 Malawi Kwacha
1 Philippine Peso = 0.29929 Mexican Peso
1 Philippine Peso = 0.07329 Malaysian Ringgit
1 Philippine Peso = 0.24646 Namibian Dollar
1 Philippine Peso = 3.7343 Nigerian Naira
1 Philippine Peso = 0.59869 Nicaragua Cordoba
1 Philippine Peso = 0.14216 Norwegian Krone
1 Philippine Peso = 2.21992 Nepalese Rupee
1 Philippine Peso = 0.0261 New Zealand Dollar
1 Philippine Peso = 0.00886 Omani Rial
1 Philippine Peso = 0.023 Panama Balboa
1 Philippine Peso = 0.06398 Peruvian Nuevo Sol
1 Philippine Peso = 0.05606 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.26938 Pakistani Rupee
1 Philippine Peso = 0.07008 Polish Zloty
1 Philippine Peso = 97.05647 Paraguayan Guarani
1 Philippine Peso = 0.08374 Qatar Rial
1 Philippine Peso = 0.07469 Romanian New Leu
1 Philippine Peso = 0.78484 Russian Rouble
1 Philippine Peso = 15.61997 Rwanda Franc
1 Philippine Peso = 0.08628 Saudi Arabian Riyal
1 Philippine Peso = 0.16611 Solomon Islands Dollar
1 Philippine Peso = 0.28295 Seychelles Rupee
1 Philippine Peso = 0.13095 Sudanese Pound
1 Philippine Peso = 0.15625 Swedish Krona
1 Philippine Peso = 0.02854 Singapore Dollar
1 Philippine Peso = 0.01344 St Helena Pound
1 Philippine Peso = 0.51084 Slovak Koruna
1 Philippine Peso = 99.83897 Sierra Leone Leone
1 Philippine Peso = 21.78514 Somali Shilling
1 Philippine Peso = 414.65378 Sao Tome Dobra
1 Philippine Peso = 0.20122 El Salvador Colon
1 Philippine Peso = 3.4426 Syrian Pound
1 Philippine Peso = 0.24681 Swaziland Lilageni
1 Philippine Peso = 0.73948 Thai Baht
1 Philippine Peso = 0.03898 Tunisian Dinar
1 Philippine Peso = 0.04229 Tonga Pa'ang
1 Philippine Peso = 0.0488 Turkish Lira
1 Philippine Peso = 0.14622 Trinidad Tobago Dollar
1 Philippine Peso = 0.6899 Taiwan Dollar
1 Philippine Peso = 38.31378 Tanzanian Shilling
1 Philippine Peso = 0.26912 Ukraine Hryvnia
1 Philippine Peso = 61.30665 Ugandan Shilling
1 Philippine Peso = 0.023 United States Dollar
1 Philippine Peso = 0.52795 Uruguayan New Peso
1 Philippine Peso = 52.82793 Uzbekistan Sum
1 Philippine Peso = 0.14476 Venezuelan Bolivar
1 Philippine Peso = 487.11755 Vietnam Dong
1 Philippine Peso = 2.15321 Vanuatu Vatu
1 Philippine Peso = 0.05267 Samoa Tala
1 Philippine Peso = 11.08938 CFA Franc (BEAC)
1 Philippine Peso = 0.06211 East Caribbean Dollar
1 Philippine Peso = 11.10076 CFA Franc (BCEAO)
1 Philippine Peso = 2.01633 Pacific Franc
1 Philippine Peso = 4.94134 Yemen Riyal
1 Philippine Peso = 0.24654 South African Rand
1 Philippine Peso = 119.38118 Zambian Kwacha
1 Philippine Peso = 8.32528 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

Doormat

By JOSE BAYANI BAYLON | July 14,2014
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‘I’ve never heard a roar of approval and cheer as loud as I did last Saturday afternoon, and it was all for that simple, self-effacing, and naturally shy ball player from Escalante, Negros Occidental.’

Opinion of the Day

Plunder charges vs. Butch Abad

By AMADO P. MACASAET | July 14, 2014
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‘Not a cent of the DAP money was ever stolen by anybody, least of all Abad.’