May 24, 2015, 12:51 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.08227 UAE Dirham
1 Philippine Peso = 2.82659 Albanian Lek
1 Philippine Peso = 0.04009 Neth Antilles Guilder
1 Philippine Peso = 0.20142 Argentine Peso
1 Philippine Peso = 0.02863 Australian Dollar
1 Philippine Peso = 0.04009 Aruba Florin
1 Philippine Peso = 0.0448 Barbados Dollar
1 Philippine Peso = 1.74485 Bangladesh Taka
1 Philippine Peso = 0.03979 Bulgarian Lev
1 Philippine Peso = 0.00845 Bahraini Dinar
1 Philippine Peso = 35.16592 Burundi Franc
1 Philippine Peso = 0.0224 Bermuda Dollar
1 Philippine Peso = 0.02994 Brunei Dollar
1 Philippine Peso = 0.15477 Bolivian Boliviano
1 Philippine Peso = 0.06931 Brazilian Real
1 Philippine Peso = 0.0224 Bahamian Dollar
1 Philippine Peso = 1.42304 Bhutan Ngultrum
1 Philippine Peso = 0.21785 Botswana Pula
1 Philippine Peso = 320.30104 Belarus Ruble
1 Philippine Peso = 0.04469 Belize Dollar
1 Philippine Peso = 0.02751 Canadian Dollar
1 Philippine Peso = 0.02114 Swiss Franc
1 Philippine Peso = 13.62635 Chilean Peso
1 Philippine Peso = 0.13883 Chinese Yuan
1 Philippine Peso = 56.03768 Colombian Peso
1 Philippine Peso = 11.90893 Costa Rica Colon
1 Philippine Peso = 0.0224 Cuban Peso
1 Philippine Peso = 2.2169 Cape Verde Escudo
1 Philippine Peso = 0.55803 Czech Koruna
1 Philippine Peso = 3.96356 Djibouti Franc
1 Philippine Peso = 0.15167 Danish Krone
1 Philippine Peso = 1.00402 Dominican Peso
1 Philippine Peso = 2.22497 Algerian Dinar
1 Philippine Peso = 0.31822 Estonian Kroon
1 Philippine Peso = 0.1709 Egyptian Pound
1 Philippine Peso = 0.46063 Ethiopian Birr
1 Philippine Peso = 0.02034 Euro
1 Philippine Peso = 0.04589 Fiji Dollar
1 Philippine Peso = 0.0143 Falkland Islands Pound
1 Philippine Peso = 0.01446 British Pound
1 Philippine Peso = 0.08982 Ghanaian Cedi
1 Philippine Peso = 0.96202 Gambian Dalasi
1 Philippine Peso = 162.39039 Guinea Franc
1 Philippine Peso = 0.17188 Guatemala Quetzal
1 Philippine Peso = 4.64123 Guyana Dollar
1 Philippine Peso = 0.17363 Hong Kong Dollar
1 Philippine Peso = 0.49037 Honduras Lempira
1 Philippine Peso = 0.15337 Croatian Kuna
1 Philippine Peso = 1.06714 Haiti Gourde
1 Philippine Peso = 6.2443 Hungarian Forint
1 Philippine Peso = 294.58736 Indonesian Rupiah
1 Philippine Peso = 0.08707 Israeli Shekel
1 Philippine Peso = 1.42219 Indian Rupee
1 Philippine Peso = 26.10229 Iraqi Dinar
1 Philippine Peso = 641.72201 Iran Rial
1 Philippine Peso = 3.00579 Iceland Krona
1 Philippine Peso = 2.59623 Jamaican Dollar
1 Philippine Peso = 0.01587 Jordanian Dinar
1 Philippine Peso = 2.72222 Japanese Yen
1 Philippine Peso = 2.17699 Kenyan Shilling
1 Philippine Peso = 1.30986 Kyrgyzstan Som
1 Philippine Peso = 91.38547 Cambodia Riel
1 Philippine Peso = 10.00583 Comoros Franc
1 Philippine Peso = 20.15881 North Korean Won
1 Philippine Peso = 24.57907 Korean Won
1 Philippine Peso = 0.00677 Kuwaiti Dinar
1 Philippine Peso = 0.01837 Cayman Islands Dollar
1 Philippine Peso = 4.16817 Kazakhstan Tenge
1 Philippine Peso = 181.31615 Lao Kip
1 Philippine Peso = 33.766 Lebanese Pound
1 Philippine Peso = 2.99795 Sri Lanka Rupee
1 Philippine Peso = 1.89627 Liberian Dollar
1 Philippine Peso = 0.26643 Lesotho Loti
1 Philippine Peso = 0.06572 Lithuanian Lita
1 Philippine Peso = 0.01429 Latvian Lat
1 Philippine Peso = 0.03046 Libyan Dinar
1 Philippine Peso = 0.21999 Moroccan Dirham
1 Philippine Peso = 0.4015 Moldovan Leu
1 Philippine Peso = 1.25489 Macedonian Denar
1 Philippine Peso = 24.42239 Myanmar Kyat
1 Philippine Peso = 43.27424 Mongolian Tugrik
1 Philippine Peso = 0.17884 Macau Pataca
1 Philippine Peso = 6.98839 Mauritania Ougulya
1 Philippine Peso = 0.78395 Mauritius Rupee
1 Philippine Peso = 0.34427 Maldives Rufiyaa
1 Philippine Peso = 9.8553 Malawi Kwacha
1 Philippine Peso = 0.34179 Mexican Peso
1 Philippine Peso = 0.08068 Malaysian Ringgit
1 Philippine Peso = 0.26643 Namibian Dollar
1 Philippine Peso = 4.45846 Nigerian Naira
1 Philippine Peso = 0.60719 Nicaragua Cordoba
1 Philippine Peso = 0.17131 Norwegian Krone
1 Philippine Peso = 2.27687 Nepalese Rupee
1 Philippine Peso = 0.03063 New Zealand Dollar
1 Philippine Peso = 0.00862 Omani Rial
1 Philippine Peso = 0.0224 Panama Balboa
1 Philippine Peso = 0.0705 Peruvian Nuevo Sol
1 Philippine Peso = 0.06097 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28298 Pakistani Rupee
1 Philippine Peso = 0.08358 Polish Zloty
1 Philippine Peso = 113.98305 Paraguayan Guarani
1 Philippine Peso = 0.08153 Qatar Rial
1 Philippine Peso = 0.0906 Romanian New Leu
1 Philippine Peso = 1.12028 Russian Rouble
1 Philippine Peso = 15.43269 Rwanda Franc
1 Philippine Peso = 0.084 Saudi Arabian Riyal
1 Philippine Peso = 0.17337 Solomon Islands Dollar
1 Philippine Peso = 0.30171 Seychelles Rupee
1 Philippine Peso = 0.13383 Sudanese Pound
1 Philippine Peso = 0.18795 Swedish Krona
1 Philippine Peso = 0.02993 Singapore Dollar
1 Philippine Peso = 0.01447 St Helena Pound
1 Philippine Peso = 0.49738 Slovak Koruna
1 Philippine Peso = 96.98626 Sierra Leone Leone
1 Philippine Peso = 15.56596 Somali Shilling
1 Philippine Peso = 495.12269 Sao Tome Dobra
1 Philippine Peso = 0.19588 El Salvador Colon
1 Philippine Peso = 4.22952 Syrian Pound
1 Philippine Peso = 0.26643 Swaziland Lilageni
1 Philippine Peso = 0.75004 Thai Baht
1 Philippine Peso = 0.04387 Tunisian Dinar
1 Philippine Peso = 0.04449 Tonga Pa'ang
1 Philippine Peso = 0.05823 Turkish Lira
1 Philippine Peso = 0.14224 Trinidad Tobago Dollar
1 Philippine Peso = 0.68143 Taiwan Dollar
1 Philippine Peso = 45.93072 Tanzanian Shilling
1 Philippine Peso = 0.46477 Ukraine Hryvnia
1 Philippine Peso = 67.30802 Ugandan Shilling
1 Philippine Peso = 0.0224 United States Dollar
1 Philippine Peso = 0.5986 Uruguayan New Peso
1 Philippine Peso = 56.61444 Uzbekistan Sum
1 Philippine Peso = 0.14223 Venezuelan Bolivar
1 Philippine Peso = 488.40309 Vietnam Dong
1 Philippine Peso = 2.40383 Vanuatu Vatu
1 Philippine Peso = 0.05543 Samoa Tala
1 Philippine Peso = 13.34111 CFA Franc (BEAC)
1 Philippine Peso = 0.06048 East Caribbean Dollar
1 Philippine Peso = 13.34111 CFA Franc (BCEAO)
1 Philippine Peso = 2.42702 Pacific Franc
1 Philippine Peso = 4.81627 Yemen Riyal
1 Philippine Peso = 0.2662 South African Rand
1 Philippine Peso = 116.23792 Zambian Kwacha
1 Philippine Peso = 8.10608 Zimbabwe dollar

SM: Asean’s biggest property group

SM Prime Holdings Inc., Asean’s biggest property group, according to Hans T. Siy, president, will grow by 10 percent yearly in the next five years as it budgets P400 billion as capital expenditure.
 
By the end of 2018, SM Prime expects that it will have 10.96 million sq.m. of gross leaseable mall space out of 74 malls in the Philippines and 11 China-based malls, a total of 139,628 units of launched residential units, 460,000 sq.m., of leaseable office space out of 7 office buildings, and 2,187 hotel rooms, according to Jeffrey Lim, SM Prime chief finance officer.
 
“This will enable us to grow and improve the economic condition of the communities that we are in,” said Lim.
 
It will also “double” the company’s profit and revenues for the period from the 2013-reported P16.27 billion profit and P32.2 billion revenue.
 
This amounts to a compounded growth rate of 10 percent for both revenues and profits according to Lim, and a “mid-teen” return on equity goal.
 
Currently, SM Prime’s ROE stands at 11 percent. Sy said this  ensures that the company remains the biggest property group in the ASEAN region.
 
Sy also said that amidst all this, they expect the company’s mall and residential business to remain the group’s growth driver. 
 
The 5-year goal means the company will increase its mall GFA by 10 percent over the period, while the residential unit will see its combined unit launches grow 12-15 percent, noted Lim.
 
Henry Sy, Jr., SM Prime chairman, said the residential unit is looking to venture into the economic housing segment, priced at P1.5 million and below, as the unit diversifies  its portfolio.
 
Sy also said that as the Philippines enter into the integrated ASEAN economy, SM Prime is also looking at opportunities in neighboring countries, though the plan remains at the drawing board.
 
SM Prime is set to issue P20 billion in retail bonds this year which it will use to partly finance this year’s capital spending.
 
The company is also looking at a syndicated dollar debt to finance its China expansion.
 
Lim said funding for the medium-term plan will continue to be calibrated as the years go by.
 
For the year, SM Prime expects to open SM City Cauayan, Angono, and SM Zibo in China, which will add 280,000 sq.m. of GFA to the current mall portfolio.
 
The company is also looking at expanding its SM Megamall, SM City Bacolod, and Lipa, which together with new mall openings will increase the total mall portfolio to 7.5 million sq.m. By year-end.
 
SM Prime is likewise launching three new residential projects with 7,000 combined units by the second half of the year. New towers in four existing projects will likewise be built ti accomodate increasing demand.
 
For the office space, SM Prime is breaking ground ofr Three E-com by this quarter while topping-off of Five E-com is set by the third quarter of this year.
 
The hotels and convention center business meanwhile is expected to start contruction of Park Inn Clark by the latter part of the year, while the company plans to launch SMX Bacolod by the fourth quarter of the year.
Category: 
Rating: 
No votes yet

Column of the Day

Lessons from Yolanda to prepare for West Valley Fault earthquake

By ELLEN TORDESILLAS | May 22,2015
0 View(s) 0 Comment(s)
‘Some homeowners in middle-class subdivisions are even angry about the West Valley Fault reports as it would downgrade the value of their property.’

Opinion of the Day

If US is sick…

By AMADO P. MACASAET | May 22, 2015
0 View(s) 0 Comment(s)
‘Why should the IMF bark such an order when the Aquino government cannot spend money fast enough for vital infrastructures?’