April 24, 2017, 3:22 am
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1 Philippine Peso = 0.07374 UAE Dirham
1 Philippine Peso = 2.52309 Albanian Lek
1 Philippine Peso = 0.03569 Neth Antilles Guilder
1 Philippine Peso = 0.30873 Argentine Peso
1 Philippine Peso = 0.02664 Australian Dollar
1 Philippine Peso = 0.03594 Aruba Florin
1 Philippine Peso = 0.04016 Barbados Dollar
1 Philippine Peso = 1.60442 Bangladesh Taka
1 Philippine Peso = 0.03655 Bulgarian Lev
1 Philippine Peso = 0.00757 Bahraini Dinar
1 Philippine Peso = 34.11145 Burundi Franc
1 Philippine Peso = 0.02008 Bermuda Dollar
1 Philippine Peso = 0.02805 Brunei Dollar
1 Philippine Peso = 0.13815 Bolivian Boliviano
1 Philippine Peso = 0.0632 Brazilian Real
1 Philippine Peso = 0.02008 Bahamian Dollar
1 Philippine Peso = 1.29719 Bhutan Ngultrum
1 Philippine Peso = 0.20863 Botswana Pula
1 Philippine Peso = 402.00804 Belarus Ruble
1 Philippine Peso = 0.04011 Belize Dollar
1 Philippine Peso = 0.02704 Canadian Dollar
1 Philippine Peso = 0.02006 Swiss Franc
1 Philippine Peso = 13.04137 Chilean Peso
1 Philippine Peso = 0.13822 Chinese Yuan
1 Philippine Peso = 57.18876 Colombian Peso
1 Philippine Peso = 11.03896 Costa Rica Colon
1 Philippine Peso = 0.02008 Cuban Peso
1 Philippine Peso = 2.06888 Cape Verde Escudo
1 Philippine Peso = 0.5051 Czech Koruna
1 Philippine Peso = 3.56627 Djibouti Franc
1 Philippine Peso = 0.13952 Danish Krone
1 Philippine Peso = 0.94478 Dominican Peso
1 Philippine Peso = 2.206 Algerian Dinar
1 Philippine Peso = 0.29345 Estonian Kroon
1 Philippine Peso = 0.36245 Egyptian Pound
1 Philippine Peso = 0.45582 Ethiopian Birr
1 Philippine Peso = 0.01876 Euro
1 Philippine Peso = 0.04196 Fiji Dollar
1 Philippine Peso = 0.01568 Falkland Islands Pound
1 Philippine Peso = 0.01569 British Pound
1 Philippine Peso = 0.0829 Ghanaian Cedi
1 Philippine Peso = 0.87952 Gambian Dalasi
1 Philippine Peso = 184.91968 Guinea Franc
1 Philippine Peso = 0.14719 Guatemala Quetzal
1 Philippine Peso = 4.09759 Guyana Dollar
1 Philippine Peso = 0.15613 Hong Kong Dollar
1 Philippine Peso = 0.47028 Honduras Lempira
1 Philippine Peso = 0.1391 Croatian Kuna
1 Philippine Peso = 1.33133 Haiti Gourde
1 Philippine Peso = 5.8753 Hungarian Forint
1 Philippine Peso = 267.48997 Indonesian Rupiah
1 Philippine Peso = 0.07385 Israeli Shekel
1 Philippine Peso = 1.29783 Indian Rupee
1 Philippine Peso = 23.71486 Iraqi Dinar
1 Philippine Peso = 651.40564 Iran Rial
1 Philippine Peso = 2.20783 Iceland Krona
1 Philippine Peso = 2.5753 Jamaican Dollar
1 Philippine Peso = 0.01423 Jordanian Dinar
1 Philippine Peso = 2.19129 Japanese Yen
1 Philippine Peso = 2.07028 Kenyan Shilling
1 Philippine Peso = 1.36084 Kyrgyzstan Som
1 Philippine Peso = 79.66466 Cambodia Riel
1 Philippine Peso = 9.2757 Comoros Franc
1 Philippine Peso = 18.07229 North Korean Won
1 Philippine Peso = 22.78434 Korean Won
1 Philippine Peso = 0.00611 Kuwaiti Dinar
1 Philippine Peso = 0.01647 Cayman Islands Dollar
1 Philippine Peso = 6.28574 Kazakhstan Tenge
1 Philippine Peso = 164.75904 Lao Kip
1 Philippine Peso = 30.24498 Lebanese Pound
1 Philippine Peso = 3.0512 Sri Lanka Rupee
1 Philippine Peso = 1.80723 Liberian Dollar
1 Philippine Peso = 0.26365 Lesotho Loti
1 Philippine Peso = 0.06122 Lithuanian Lita
1 Philippine Peso = 0.01246 Latvian Lat
1 Philippine Peso = 0.02835 Libyan Dinar
1 Philippine Peso = 0.20071 Moroccan Dirham
1 Philippine Peso = 0.38625 Moldovan Leu
1 Philippine Peso = 1.14859 Macedonian Denar
1 Philippine Peso = 27.08835 Myanmar Kyat
1 Philippine Peso = 48.45382 Mongolian Tugrik
1 Philippine Peso = 0.16082 Macau Pataca
1 Philippine Peso = 7.16546 Mauritania Ougulya
1 Philippine Peso = 0.70542 Mauritius Rupee
1 Philippine Peso = 0.30622 Maldives Rufiyaa
1 Philippine Peso = 14.41325 Malawi Kwacha
1 Philippine Peso = 0.37828 Mexican Peso
1 Philippine Peso = 0.08831 Malaysian Ringgit
1 Philippine Peso = 0.26428 Namibian Dollar
1 Philippine Peso = 6.3253 Nigerian Naira
1 Philippine Peso = 0.59764 Nicaragua Cordoba
1 Philippine Peso = 0.1732 Norwegian Krone
1 Philippine Peso = 2.07129 Nepalese Rupee
1 Philippine Peso = 0.02864 New Zealand Dollar
1 Philippine Peso = 0.00773 Omani Rial
1 Philippine Peso = 0.02008 Panama Balboa
1 Philippine Peso = 0.06511 Peruvian Nuevo Sol
1 Philippine Peso = 0.0638 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.10482 Pakistani Rupee
1 Philippine Peso = 0.08003 Polish Zloty
1 Philippine Peso = 111.06627 Paraguayan Guarani
1 Philippine Peso = 0.07311 Qatar Rial
1 Philippine Peso = 0.08518 Romanian New Leu
1 Philippine Peso = 1.12932 Russian Rouble
1 Philippine Peso = 16.43855 Rwanda Franc
1 Philippine Peso = 0.0753 Saudi Arabian Riyal
1 Philippine Peso = 0.15732 Solomon Islands Dollar
1 Philippine Peso = 0.26412 Seychelles Rupee
1 Philippine Peso = 0.13373 Sudanese Pound
1 Philippine Peso = 0.18063 Swedish Krona
1 Philippine Peso = 0.02806 Singapore Dollar
1 Philippine Peso = 0.01568 St Helena Pound
1 Philippine Peso = 0.4459 Slovak Koruna
1 Philippine Peso = 149.5984 Sierra Leone Leone
1 Philippine Peso = 10.98394 Somali Shilling
1 Philippine Peso = 459.6968 Sao Tome Dobra
1 Philippine Peso = 0.17514 El Salvador Colon
1 Philippine Peso = 10.34096 Syrian Pound
1 Philippine Peso = 0.26384 Swaziland Lilageni
1 Philippine Peso = 0.69016 Thai Baht
1 Philippine Peso = 0.04869 Tunisian Dinar
1 Philippine Peso = 0.046 Tongan paʻanga
1 Philippine Peso = 0.0732 Turkish Lira
1 Philippine Peso = 0.13453 Trinidad Tobago Dollar
1 Philippine Peso = 0.6093 Taiwan Dollar
1 Philippine Peso = 44.75904 Tanzanian Shilling
1 Philippine Peso = 0.53956 Ukraine Hryvnia
1 Philippine Peso = 72.36948 Ugandan Shilling
1 Philippine Peso = 0.02008 United States Dollar
1 Philippine Peso = 0.57048 Uruguayan New Peso
1 Philippine Peso = 73.69478 Uzbekistan Sum
1 Philippine Peso = 0.20029 Venezuelan Bolivar
1 Philippine Peso = 456.12451 Vietnam Dong
1 Philippine Peso = 2.15361 Vanuatu Vatu
1 Philippine Peso = 0.05189 Samoa Tala
1 Philippine Peso = 12.29578 CFA Franc (BEAC)
1 Philippine Peso = 0.05422 East Caribbean Dollar
1 Philippine Peso = 12.20321 CFA Franc (BCEAO)
1 Philippine Peso = 2.22711 Pacific Franc
1 Philippine Peso = 5.01908 Yemen Riyal
1 Philippine Peso = 0.26447 South African Rand
1 Philippine Peso = 104.20683 Zambian Kwacha
1 Philippine Peso = 7.26707 Zimbabwe dollar

PDIC to sell 69 assets

The Philippine Deposit Insurance Corporation (PDIC), through its Real & Other Properties Acquired (ROPA) Disposal Committee, is set to dispose on an “as-is, where-is” basis 69 assets consisting of 68 assets owned by various closed banks and an asset acquired by the Corporation via a public bidding to be conducted on February 28, 2017.

 Interested buyers may submit their sealed bids to the ROPA Disposal Committee Secretariat at the 9th Floor PDIC Training Room, SSS Building, 6782 Ayala Avenue, cor. V.A. Rufino St., Makati City from 9:00 a.m. to 2:00 p.m.  Bids will be opened starting 2:00 p.m.
 
Up for bidding are real properties with an aggregate minimum disposal value of PHP186.15 million located in Aklan, Albay, Batangas, Bulacan, Cavite, Cebu, Iloilo, Metro Manila, North Cotabato, Pampanga, Pangasinan, Rizal and Tarlac. In addition to the real properties, three motor vehicles and two generator sets with an aggregate minimum disposal value of PHP0.72 million are included in the properties for bidding.
 
Bidders are advised to bring proper identification document (ID) with photo and to register at least one hour prior to the deadline for submission of bids.  Bid documents such as Bid Forms, the February 28, 2017 Conditions of Bid, and required format of the Special Power of Attorney and Secretary’s Certificate may be downloaded free of charge from the PDIC website, www.pdic.gov.ph.
 
Prospective buyers are also advised to physically inspect the properties they are interested to buy, examine and verify the titles and other evidence of ownership, and determine any unpaid taxes, fees, charges and/or expenses before submitting their bids.
 
Each bid should be accompanied by a bond/deposit equivalent to at least 10% of the submitted bid, in cash or Manager’s or Cashier’s Check, or a combination thereof. The Manager’s or Cashier’s Check should be issued by a universal or reputable commercial bank and payable to PDIC. The winning bidder should pay the balance of the bid no later than March 9, 2017.
 
PDIC also clarified that the Value Added Tax (VAT) corresponding to the bid price of properties owned by PDIC shall be shouldered by and collected from the winning bidder in addition to the bid price in accordance with Bureau of Internal Revenue (BIR) Revenue Regulations No. 16-2011 dated October 27, 2011.
 
The expeditious conversion and resolution of assets are among the strategic directions outlined in PDIC’s Roadmap. PDIC, as liquidator of closedbanks, conducts various asset disposal initiatives such as biddings, auctions and negotiated sale.  Proceeds from the sale of closed banks’ properties are added to the pool of liquid assets of these banks for distribution to uninsured depositors and other creditors in accordance with the rules on concurrence and preference of credits. The disposal of these assets increases the chances of recovery of uninsured depositors and creditors of their trapped funds.  Meanwhile, gains from the sale of corporate assets are added to the Deposit Insurance Fund, PDIC’s main fund source for payment of valid deposit insurance claims.
 
Interested parties may get in touch with the ROPA Disposal Committee Secretariat at telephone number (02) 841-4747 or (02) 841-4748 for more information.
 
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