February 19, 2018, 7:29 pm
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1 Philippine Peso = 0.07035 UAE Dirham
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1 Philippine Peso = 0.0341 Neth Antilles Guilder
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1 Philippine Peso = 0.02417 Australian Dollar
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1 Philippine Peso = 0.03831 Barbados Dollar
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1 Philippine Peso = 0.01916 Bermuda Dollar
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1 Philippine Peso = 0.06189 Brazilian Real
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1 Philippine Peso = 1.22893 Bhutan Ngultrum
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1 Philippine Peso = 0.01543 Euro
1 Philippine Peso = 0.03813 Fiji Dollar
1 Philippine Peso = 0.01366 Falkland Islands Pound
1 Philippine Peso = 0.01366 British Pound
1 Philippine Peso = 0.08656 Ghanaian Cedi
1 Philippine Peso = 0.89866 Gambian Dalasi
1 Philippine Peso = 172.37548 Guinea Franc
1 Philippine Peso = 0.14054 Guatemala Quetzal
1 Philippine Peso = 3.9364 Guyana Dollar
1 Philippine Peso = 0.14982 Hong Kong Dollar
1 Philippine Peso = 0.45019 Honduras Lempira
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1 Philippine Peso = 22.68199 Iraqi Dinar
1 Philippine Peso = 709.84673 Iran Rial
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1 Philippine Peso = 20.41552 Korean Won
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1 Philippine Peso = 0.31734 Moldovan Leu
1 Philippine Peso = 0.9454 Macedonian Denar
1 Philippine Peso = 25.42146 Myanmar Kyat
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1 Philippine Peso = 0.15425 Macau Pataca
1 Philippine Peso = 6.68582 Mauritania Ougulya
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1 Philippine Peso = 0.29828 Maldives Rufiyaa
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1 Philippine Peso = 0.22274 Namibian Dollar
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1 Philippine Peso = 0.02593 New Zealand Dollar
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1 Philippine Peso = 0.01916 Panama Balboa
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1 Philippine Peso = 0.06025 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
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1 Philippine Peso = 106.68774 Paraguayan Guarani
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1 Philippine Peso = 0.07198 Romanian New Leu
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1 Philippine Peso = 0.07184 Saudi Arabian Riyal
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1 Philippine Peso = 0.25546 Seychelles Rupee
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1 Philippine Peso = 0.15255 Swedish Krona
1 Philippine Peso = 0.02511 Singapore Dollar
1 Philippine Peso = 0.01367 St Helena Pound
1 Philippine Peso = 0.4254 Slovak Koruna
1 Philippine Peso = 146.16858 Sierra Leone Leone
1 Philippine Peso = 10.76628 Somali Shilling
1 Philippine Peso = 378.35439 Sao Tome Dobra
1 Philippine Peso = 0.16762 El Salvador Colon
1 Philippine Peso = 9.86552 Syrian Pound
1 Philippine Peso = 0.22276 Swaziland Lilageni
1 Philippine Peso = 0.59923 Thai Baht
1 Philippine Peso = 0.04546 Tunisian Dinar
1 Philippine Peso = 0.04238 Tongan paʻanga
1 Philippine Peso = 0.07167 Turkish Lira
1 Philippine Peso = 0.12904 Trinidad Tobago Dollar
1 Philippine Peso = 0.55669 Taiwan Dollar
1 Philippine Peso = 43.02682 Tanzanian Shilling
1 Philippine Peso = 0.51715 Ukraine Hryvnia
1 Philippine Peso = 69.38697 Ugandan Shilling
1 Philippine Peso = 0.01916 United States Dollar
1 Philippine Peso = 0.54521 Uruguayan New Peso
1 Philippine Peso = 156.47509 Uzbekistan Sum
1 Philippine Peso = 477.73945 Venezuelan Bolivar
1 Philippine Peso = 434.75095 Vietnam Dong
1 Philippine Peso = 2.01916 Vanuatu Vatu
1 Philippine Peso = 0.04802 Samoa Tala
1 Philippine Peso = 10.11303 CFA Franc (BEAC)
1 Philippine Peso = 0.05172 East Caribbean Dollar
1 Philippine Peso = 10.11303 CFA Franc (BCEAO)
1 Philippine Peso = 1.81628 Pacific Franc
1 Philippine Peso = 4.78831 Yemen Riyal
1 Philippine Peso = 0.22279 South African Rand
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Sandiganbayan affirms 3 graft cases vs Pichay, junks cases vs Gatchalians

THE Sandiganbayan Fourth Division has affirmed three graft charges and one count of violation of the Manual of Regulation of Banks against former Local Water Utilities Administration chairman Prospero Pichay and former deputy administrator for investments and financial services Wilfredo Feleo Jr. over alleged anomalous transactions involving LWUA funds totaling P780 million in 2009.

The court, however, granted motions for reconsiderations filed by the rest of the defendants, including Valenzuela Rep. Weslie Gatchalian, William T. Gatchalian, Dee Hua Gatchalian, and Kenneth Gatchalian.

In a 30-page resolution, a special division of five justices voted 3-2 to uphold the finding of probable cause in the charges only against Pichay, the sitting congressman of Surigao del Sur, and Feleo while granting the appeals of the rest of the accused.

The other defendants cleared by the anti-graft court are private defendants George Chua, Gregorio Ipong, Edita Bueno, Generoso Tulagan, Elvira Ting, Arthur Ponsaran, Joaquin Obieta, Geronimo Velasco Jr., Peter Salud, Rogelio Garcia, Lamberto Mercado Jr., Evelyn dela Rosa and Yolanda dela Cruz.

Prosecutors alleged that Pichay and other LWUA officials gave unwarranted benefits and advantages to the Gatchalians and other private defendants who were identified as owners and stockholders of Express Savings Bank Inc.

Ombudsman investigators said ESBI was an insolvent bank with liabilities bigger than its assets when LWUA approved the purchase of a 60 percent stake to the tune of P80 million in October 2009.

The LWUA officers then reportedly deposited P300 million of the agency’s funds in the bank and authorized the release of another P400 million to pay for advanced stock subscription to ESBI. These were done despite the lack of thee required prior approval by the Bangko Sentral’s Monetary Board.

However, the bank failed to stay afloat and was eventually placed under receivership.

The court said that based on the information filed, it was the bank itself, rather than the private individuals who were shareholders of ESBI, that benefited from the fund infusion of the LWUA. And since LWUA became the 60 percent owner of the bank, it cannot be said that the shareholders were the ones who profited.

The prosecution rests on the theory that the ESBI Directors conspired with the accused public officers in causing the deposits to ESBI. But then again, there is no proof   of conspiracy other than the deposits made to ESBI, the court pointed out.

However, the Sandiganbayan declared that probable cause exists against Pichay, Feleo and the late LWUA Board of Trustee member Enrique Senen Montilla whose death meant the dismissal of any case against him.

“The information for violation of the Manual of Regulations for banks against accused Pichay, Montilla and Feleo Jr. cannot be dismissed as the said regulation imposes upon the transferee, in this case, LWUA nominees, the duty and obligation to register the transaction with the Bangko Sentral ng Pilipinas,” the court said. 
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