August 20, 2014, 12:51 pm
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1 Philippine Peso = 0.08418 UAE Dirham
1 Philippine Peso = 2.37974 Albanian Lek
1 Philippine Peso = 0.04102 Neth Antilles Guilder
1 Philippine Peso = 0.18964 Argentine Peso
1 Philippine Peso = 0.02459 Australian Dollar
1 Philippine Peso = 0.04091 Aruba Florin
1 Philippine Peso = 0.04583 Barbados Dollar
1 Philippine Peso = 1.77426 Bangladesh Taka
1 Philippine Peso = 0.03359 Bulgarian Lev
1 Philippine Peso = 0.00864 Bahraini Dinar
1 Philippine Peso = 35.37298 Burundi Franc
1 Philippine Peso = 0.02292 Bermuda Dollar
1 Philippine Peso = 0.02854 Brunei Dollar
1 Philippine Peso = 0.15836 Bolivian Boliviano
1 Philippine Peso = 0.05192 Brazilian Real
1 Philippine Peso = 0.02292 Bahamian Dollar
1 Philippine Peso = 1.39372 Bhutan Ngultrum
1 Philippine Peso = 0.20245 Botswana Pula
1 Philippine Peso = 238.11161 Belarus Ruble
1 Philippine Peso = 0.04572 Belize Dollar
1 Philippine Peso = 0.02496 Canadian Dollar
1 Philippine Peso = 0.02071 Swiss Franc
1 Philippine Peso = 13.22906 Chilean Peso
1 Philippine Peso = 0.14089 Chinese Yuan
1 Philippine Peso = 43.19927 Colombian Peso
1 Philippine Peso = 12.41664 Costa Rica Colon
1 Philippine Peso = 0.02292 Cuban Peso
1 Philippine Peso = 1.86891 Cape Verde Escudo
1 Philippine Peso = 0.47808 Czech Koruna
1 Philippine Peso = 4.11596 Djibouti Franc
1 Philippine Peso = 0.12759 Danish Krone
1 Philippine Peso = 0.99805 Dominican Peso
1 Philippine Peso = 1.83041 Algerian Dinar
1 Philippine Peso = 0.26779 Estonian Kroon
1 Philippine Peso = 0.16387 Egyptian Pound
1 Philippine Peso = 0.45442 Ethiopian Birr
1 Philippine Peso = 0.01711 Euro
1 Philippine Peso = 0.04252 Fiji Dollar
1 Philippine Peso = 0.01369 Falkland Islands Pound
1 Philippine Peso = 0.01371 British Pound
1 Philippine Peso = 0.08302 Ghanaian Cedi
1 Philippine Peso = 0.91223 Gambian Dalasi
1 Philippine Peso = 161.16649 Guinea Franc
1 Philippine Peso = 0.17955 Guatemala Quetzal
1 Philippine Peso = 4.71411 Guyana Dollar
1 Philippine Peso = 0.17762 Hong Kong Dollar
1 Philippine Peso = 0.48243 Honduras Lempira
1 Philippine Peso = 0.13061 Croatian Kuna
1 Philippine Peso = 1.04054 Haiti Gourde
1 Philippine Peso = 5.37401 Hungarian Forint
1 Philippine Peso = 268.47714 Indonesian Rupiah
1 Philippine Peso = 0.07988 Israeli Shekel
1 Philippine Peso = 1.39498 Indian Rupee
1 Philippine Peso = 26.69554 Iraqi Dinar
1 Philippine Peso = 608.25026 Iran Rial
1 Philippine Peso = 2.65131 Iceland Krona
1 Philippine Peso = 2.57935 Jamaican Dollar
1 Philippine Peso = 0.01624 Jordanian Dinar
1 Philippine Peso = 2.34699 Japanese Yen
1 Philippine Peso = 2.01902 Kenyan Shilling
1 Philippine Peso = 1.19362 Kyrgyzstan Som
1 Philippine Peso = 92.89561 Cambodia Riel
1 Philippine Peso = 8.41892 Comoros Franc
1 Philippine Peso = 20.62564 North Korean Won
1 Philippine Peso = 23.37 Korean Won
1 Philippine Peso = 0.00649 Kuwaiti Dinar
1 Philippine Peso = 0.01879 Cayman Islands Dollar
1 Philippine Peso = 4.17165 Kazakhstan Tenge
1 Philippine Peso = 184.42305 Lao Kip
1 Philippine Peso = 34.57087 Lebanese Pound
1 Philippine Peso = 2.98327 Sri Lanka Rupee
1 Philippine Peso = 1.89068 Liberian Dollar
1 Philippine Peso = 0.24281 Lesotho Loti
1 Philippine Peso = 0.05909 Lithuanian Lita
1 Philippine Peso = 0.01202 Latvian Lat
1 Philippine Peso = 0.02866 Libyan Dinar
1 Philippine Peso = 0.191 Moroccan Dirham
1 Philippine Peso = 0.31362 Moldovan Leu
1 Philippine Peso = 1.05294 Macedonian Denar
1 Philippine Peso = 22.29861 Myanmar Kyat
1 Philippine Peso = 43.09614 Mongolian Tugrik
1 Philippine Peso = 0.18295 Macau Pataca
1 Philippine Peso = 6.6575 Mauritania Ougulya
1 Philippine Peso = 0.70471 Mauritius Rupee
1 Philippine Peso = 0.35293 Maldives Rufiyaa
1 Philippine Peso = 9.05237 Malawi Kwacha
1 Philippine Peso = 0.29917 Mexican Peso
1 Philippine Peso = 0.07229 Malaysian Ringgit
1 Philippine Peso = 0.24215 Namibian Dollar
1 Philippine Peso = 3.71376 Nigerian Naira
1 Philippine Peso = 0.59711 Nicaragua Cordoba
1 Philippine Peso = 0.14072 Norwegian Krone
1 Philippine Peso = 2.22872 Nepalese Rupee
1 Philippine Peso = 0.02699 New Zealand Dollar
1 Philippine Peso = 0.00882 Omani Rial
1 Philippine Peso = 0.02292 Panama Balboa
1 Philippine Peso = 0.06417 Peruvian Nuevo Sol
1 Philippine Peso = 0.05619 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28853 Pakistani Rupee
1 Philippine Peso = 0.07189 Polish Zloty
1 Philippine Peso = 97.86628 Paraguayan Guarani
1 Philippine Peso = 0.08345 Qatar Rial
1 Philippine Peso = 0.07602 Romanian New Leu
1 Philippine Peso = 0.82765 Russian Rouble
1 Philippine Peso = 15.76716 Rwanda Franc
1 Philippine Peso = 0.08595 Saudi Arabian Riyal
1 Philippine Peso = 0.16542 Solomon Islands Dollar
1 Philippine Peso = 0.28418 Seychelles Rupee
1 Philippine Peso = 0.13054 Sudanese Pound
1 Philippine Peso = 0.15686 Swedish Krona
1 Philippine Peso = 0.02854 Singapore Dollar
1 Philippine Peso = 0.01369 St Helena Pound
1 Philippine Peso = 0.5089 Slovak Koruna
1 Philippine Peso = 100.46522 Sierra Leone Leone
1 Philippine Peso = 19.33769 Somali Shilling
1 Philippine Peso = 419.84645 Sao Tome Dobra
1 Philippine Peso = 0.20046 El Salvador Colon
1 Philippine Peso = 3.46511 Syrian Pound
1 Philippine Peso = 0.2424 Swaziland Lilageni
1 Philippine Peso = 0.73072 Thai Baht
1 Philippine Peso = 0.0394 Tunisian Dinar
1 Philippine Peso = 0.04149 Tonga Pa'ang
1 Philippine Peso = 0.04968 Turkish Lira
1 Philippine Peso = 0.14553 Trinidad Tobago Dollar
1 Philippine Peso = 0.68656 Taiwan Dollar
1 Philippine Peso = 38.10015 Tanzanian Shilling
1 Philippine Peso = 0.30114 Ukraine Hryvnia
1 Philippine Peso = 59.69978 Ugandan Shilling
1 Philippine Peso = 0.02292 United States Dollar
1 Philippine Peso = 0.54681 Uruguayan New Peso
1 Philippine Peso = 53.35533 Uzbekistan Sum
1 Philippine Peso = 0.14429 Venezuelan Bolivar
1 Philippine Peso = 485.36725 Vietnam Dong
1 Philippine Peso = 2.14507 Vanuatu Vatu
1 Philippine Peso = 0.05281 Samoa Tala
1 Philippine Peso = 11.22522 CFA Franc (BEAC)
1 Philippine Peso = 0.06188 East Caribbean Dollar
1 Philippine Peso = 11.22952 CFA Franc (BCEAO)
1 Philippine Peso = 2.04721 Pacific Franc
1 Philippine Peso = 4.92529 Yemen Riyal
1 Philippine Peso = 0.24253 South African Rand
1 Philippine Peso = 118.92976 Zambian Kwacha
1 Philippine Peso = 8.2938 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.
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