February 23, 2018, 6:04 pm
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1 Philippine Peso = 0.07045 UAE Dirham
1 Philippine Peso = 2.04297 Albanian Lek
1 Philippine Peso = 0.03415 Neth Antilles Guilder
1 Philippine Peso = 0.38059 Argentine Peso
1 Philippine Peso = 0.02443 Australian Dollar
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1 Philippine Peso = 0.03837 Barbados Dollar
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1 Philippine Peso = 0.01918 Bermuda Dollar
1 Philippine Peso = 0.02533 Brunei Dollar
1 Philippine Peso = 0.13159 Bolivian Boliviano
1 Philippine Peso = 0.06235 Brazilian Real
1 Philippine Peso = 0.01918 Bahamian Dollar
1 Philippine Peso = 1.2325 Bhutan Ngultrum
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1 Philippine Peso = 384.03989 Belarus Ruble
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1 Philippine Peso = 0.02429 Canadian Dollar
1 Philippine Peso = 0.018 Swiss Franc
1 Philippine Peso = 11.42605 Chilean Peso
1 Philippine Peso = 0.12152 Chinese Yuan
1 Philippine Peso = 54.88202 Colombian Peso
1 Philippine Peso = 10.87186 Costa Rica Colon
1 Philippine Peso = 0.01918 Cuban Peso
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1 Philippine Peso = 0.39493 Czech Koruna
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1 Philippine Peso = 0.11601 Danish Krone
1 Philippine Peso = 0.94226 Dominican Peso
1 Philippine Peso = 2.17652 Algerian Dinar
1 Philippine Peso = 0.24369 Estonian Kroon
1 Philippine Peso = 0.33858 Egyptian Pound
1 Philippine Peso = 0.52177 Ethiopian Birr
1 Philippine Peso = 0.01557 Euro
1 Philippine Peso = 0.03825 Fiji Dollar
1 Philippine Peso = 0.01371 Falkland Islands Pound
1 Philippine Peso = 0.01377 British Pound
1 Philippine Peso = 0.08533 Ghanaian Cedi
1 Philippine Peso = 0.89967 Gambian Dalasi
1 Philippine Peso = 172.74122 Guinea Franc
1 Philippine Peso = 0.14073 Guatemala Quetzal
1 Philippine Peso = 3.9296 Guyana Dollar
1 Philippine Peso = 0.15011 Hong Kong Dollar
1 Philippine Peso = 0.45024 Honduras Lempira
1 Philippine Peso = 0.11584 Croatian Kuna
1 Philippine Peso = 1.216 Haiti Gourde
1 Philippine Peso = 4.85824 Hungarian Forint
1 Philippine Peso = 261.23153 Indonesian Rupiah
1 Philippine Peso = 0.06714 Israeli Shekel
1 Philippine Peso = 1.24329 Indian Rupee
1 Philippine Peso = 22.71245 Iraqi Dinar
1 Philippine Peso = 713.12103 Iran Rial
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1 Philippine Peso = 2.40936 Jamaican Dollar
1 Philippine Peso = 0.01359 Jordanian Dinar
1 Philippine Peso = 2.0619 Japanese Yen
1 Philippine Peso = 1.9413 Kenyan Shilling
1 Philippine Peso = 1.3061 Kyrgyzstan Som
1 Philippine Peso = 77.09572 Cambodia Riel
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1 Philippine Peso = 17.26453 North Korean Won
1 Philippine Peso = 20.55496 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.01573 Cayman Islands Dollar
1 Philippine Peso = 6.12565 Kazakhstan Tenge
1 Philippine Peso = 158.52676 Lao Kip
1 Philippine Peso = 28.96605 Lebanese Pound
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1 Philippine Peso = 2.45904 Liberian Dollar
1 Philippine Peso = 0.22463 Lesotho Loti
1 Philippine Peso = 0.05848 Lithuanian Lita
1 Philippine Peso = 0.0119 Latvian Lat
1 Philippine Peso = 0.02544 Libyan Dinar
1 Philippine Peso = 0.17647 Moroccan Dirham
1 Philippine Peso = 0.31853 Moldovan Leu
1 Philippine Peso = 0.95396 Macedonian Denar
1 Philippine Peso = 25.47477 Myanmar Kyat
1 Philippine Peso = 45.90946 Mongolian Tugrik
1 Philippine Peso = 0.15451 Macau Pataca
1 Philippine Peso = 6.71398 Mauritania Ougulya
1 Philippine Peso = 0.62536 Mauritius Rupee
1 Philippine Peso = 0.29868 Maldives Rufiyaa
1 Philippine Peso = 13.76098 Malawi Kwacha
1 Philippine Peso = 0.35911 Mexican Peso
1 Philippine Peso = 0.07494 Malaysian Ringgit
1 Philippine Peso = 0.22327 Namibian Dollar
1 Philippine Peso = 6.88663 Nigerian Naira
1 Philippine Peso = 0.59477 Nicaragua Cordoba
1 Philippine Peso = 0.15035 Norwegian Krone
1 Philippine Peso = 1.98703 Nepalese Rupee
1 Philippine Peso = 0.02611 New Zealand Dollar
1 Philippine Peso = 0.00738 Omani Rial
1 Philippine Peso = 0.01918 Panama Balboa
1 Philippine Peso = 0.06229 Peruvian Nuevo Sol
1 Philippine Peso = 0.0629 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.11989 Pakistani Rupee
1 Philippine Peso = 0.06472 Polish Zloty
1 Philippine Peso = 106.82716 Paraguayan Guarani
1 Philippine Peso = 0.06982 Qatar Rial
1 Philippine Peso = 0.07256 Romanian New Leu
1 Philippine Peso = 1.0862 Russian Rouble
1 Philippine Peso = 16.12737 Rwanda Franc
1 Philippine Peso = 0.07193 Saudi Arabian Riyal
1 Philippine Peso = 0.14866 Solomon Islands Dollar
1 Philippine Peso = 0.2582 Seychelles Rupee
1 Philippine Peso = 0.34501 Sudanese Pound
1 Philippine Peso = 0.15536 Swedish Krona
1 Philippine Peso = 0.02534 Singapore Dollar
1 Philippine Peso = 0.01372 St Helena Pound
1 Philippine Peso = 0.42597 Slovak Koruna
1 Philippine Peso = 146.36485 Sierra Leone Leone
1 Philippine Peso = 10.78074 Somali Shilling
1 Philippine Peso = 381.75523 Sao Tome Dobra
1 Philippine Peso = 0.16785 El Salvador Colon
1 Philippine Peso = 9.87876 Syrian Pound
1 Philippine Peso = 0.22325 Swaziland Lilageni
1 Philippine Peso = 0.60368 Thai Baht
1 Philippine Peso = 0.04586 Tunisian Dinar
1 Philippine Peso = 0.0428 Tongan paʻanga
1 Philippine Peso = 0.07262 Turkish Lira
1 Philippine Peso = 0.12717 Trinidad Tobago Dollar
1 Philippine Peso = 0.55966 Taiwan Dollar
1 Philippine Peso = 43.06541 Tanzanian Shilling
1 Philippine Peso = 0.51746 Ukraine Hryvnia
1 Philippine Peso = 69.67197 Ugandan Shilling
1 Philippine Peso = 0.01918 United States Dollar
1 Philippine Peso = 0.54556 Uruguayan New Peso
1 Philippine Peso = 156.62766 Uzbekistan Sum
1 Philippine Peso = 478.3426 Venezuelan Bolivar
1 Philippine Peso = 435.71839 Vietnam Dong
1 Philippine Peso = 1.98465 Vanuatu Vatu
1 Philippine Peso = 0.04817 Samoa Tala
1 Philippine Peso = 10.20986 CFA Franc (BEAC)
1 Philippine Peso = 0.05179 East Caribbean Dollar
1 Philippine Peso = 10.20986 CFA Franc (BCEAO)
1 Philippine Peso = 1.85248 Pacific Franc
1 Philippine Peso = 4.79474 Yemen Riyal
1 Philippine Peso = 0.22325 South African Rand
1 Philippine Peso = 99.5492 Zambian Kwacha
1 Philippine Peso = 6.94226 Zimbabwe dollar

Paying it forward for future project managers

When the term project management in construction has not been even heard of, Salvador Castro Sr. was one of those already offering  this specialized service  in the country back in the day.

Nowadays, project managers  have become almost indispensable in massive construction projects. But  only a  handful of local players can have the bragging rights of being the pioneer.

One  such prime mover is Castro’s son Salvador Jr., chairman of SPCastro, Inc., a 30-year old company providing a wide range of project management and consultancy services. Project managers like SPCastro provide end-to-end solutions to building owners in handling projects – from acquisition to hiring  contractors to cost and schedule management.

Salvador Jr. considers his “old man” his first mentor in project management. While  a reluctant successor, he trained under the watchful eye of his father before venturing out on his own, doing mostly  small housing projects. Even then, the younger Castro was applying the principles  he learned from his father: controlling cost, ensuring quality, and timely delivery.

Castro got his first break in managing big  projects in the 1970s when he was taken under the  wings of Enrique Zobel of Ayala Corp. He originally set out to train for two years in preparation for a stint in the then planned Makati Development Corp.
Until an opportunity for an overseas project came. Ayala International sent Castro to co-lead with international firm Bechtel Corp. a project to build the biggest palace in the world, the Istana Nurul Iman of the Sultan Negara Brunei Darussalam.

The formula Castro learned from his father, he merely expanded in Ayala on a much bigger scale.

While abroad, Castro realized he still had lot more to learn. One of his humongous tasks was to handle  5,000 workers of various nationalities. Castro knew Zobel trusted him so much he could not afford to bungle.

By the time he was in his 40s, he retired from Ayala and went back home.

Castro, with the help of his farther set up SPCastro and Associates in 1986. Expectations were quite different from reality because his company was not getting any work. At that time, Filipinos preferred foreigners as project consultants.

Castro then packed his bags and went  back to Brunei and registered his company SPCastro and Associates  initially doing audit for  land development  projects of the Brunei government.

There,Castro got another break when his company was appointed the project manager for the Brunei Convention Center.

A lot of showcase projects came one after the other including the  Royal Regalia (The Sultan’s Museum), Royal Pavilion (The Sultan’s Hangar), Masjid Jame”Asr Hassanil Bolkiah (Sultan’s Mosque), Yayasan Sultan Haji Hassanal Bolkiah, Bolkiah Housing A” and “B.

But Castro again found the  opportunity to go back home to handle the project management of Marco Polo Davao 

“On the financial side nothing compares to overseas (projects) but when it comes to technology a lot can still be introduced here in the Philippines,” Castro  said.

It was  during this time when  Castro started doing what he  describes as “payback”. He would hire fresh graduates, train them and teach them the values of integrity in one’s  job, virtues he learned from both his  father and Zobel. He would also share to his recruits his experiences in Ayala and in Brunei.

Today, Castro is on his  second payback ,  the institutionalization of a  training unit in his small company.

“Our professionals  are still lacking in so many ways. I teach them to value their work especially when I see the potential of a worker,”  Castro  said.

Castro’s  second homecoming  was a lot more encouraging than the first. He stumbled upon a niche in  project management:  hospitals.

He was fortunate to have been given the opportunity to train in Stanford University Medical Center on how to  run a hospital. Back home, he applied what he learned  I n  managing the construction of Asian Hospital, St. Luke’s Medical Center Global City, The Medical Center in Muntinlupa  and The Medical City in Pasig.

Today, healthcare is one of the divisions of SPCastro . The others include institutions like schools and special projects.

SPCastro is currently handling six projects including a hospital under  Phinma, the MCU Hospital and St. Luke’s Medical Center Quezon City expansion

One of the institutions SPCastro worked with is  Ateneo.de Manila Universty.  Special projects include the restoration of the Manila Cathedral prior to the visit of Pope  Francis in 2015 and of Insular Life.

As he prepares for retirement, Castro had established these divisions each to be led by a  team  within his 80-man company.

Today, Castro spends most of his time to his advocacy: educating the players in the construction industry of the how to avoid, or settle, disputes involving contracts.

Castro advocates dispute avoidance and the use of various modes of resolving construction disputes.
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