February 6, 2016, 6:10 am
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1 Philippine Peso = 0.07684 UAE Dirham
1 Philippine Peso = 2.64175 Albanian Lek
1 Philippine Peso = 0.03745 Neth Antilles Guilder
1 Philippine Peso = 0.2959 Argentine Peso
1 Philippine Peso = 0.02936 Australian Dollar
1 Philippine Peso = 0.03745 Aruba Florin
1 Philippine Peso = 0.04184 Barbados Dollar
1 Philippine Peso = 1.64703 Bangladesh Taka
1 Philippine Peso = 0.03705 Bulgarian Lev
1 Philippine Peso = 0.00788 Bahraini Dinar
1 Philippine Peso = 32.62377 Burundi Franc
1 Philippine Peso = 0.02092 Bermuda Dollar
1 Philippine Peso = 0.0298 Brunei Dollar
1 Philippine Peso = 0.14435 Bolivian Boliviano
1 Philippine Peso = 0.08262 Brazilian Real
1 Philippine Peso = 0.02094 Bahamian Dollar
1 Philippine Peso = 1.42512 Bhutan Ngultrum
1 Philippine Peso = 0.24025 Botswana Pula
1 Philippine Peso = 452.41059 Belarus Ruble
1 Philippine Peso = 0.04174 Belize Dollar
1 Philippine Peso = 0.02899 Canadian Dollar
1 Philippine Peso = 0.02109 Swiss Franc
1 Philippine Peso = 14.79503 Chilean Peso
1 Philippine Peso = 0.13756 Chinese Yuan
1 Philippine Peso = 70.96936 Colombian Peso
1 Philippine Peso = 11.2384 Costa Rica Colon
1 Philippine Peso = 0.02092 Cuban Peso
1 Philippine Peso = 2.09781 Cape Verde Escudo
1 Philippine Peso = 0.51135 Czech Koruna
1 Philippine Peso = 3.71625 Djibouti Franc
1 Philippine Peso = 0.14121 Danish Krone
1 Philippine Peso = 0.95765 Dominican Peso
1 Philippine Peso = 2.23381 Algerian Dinar
1 Philippine Peso = 0.29608 Estonian Kroon
1 Philippine Peso = 0.16391 Egyptian Pound
1 Philippine Peso = 0.44493 Ethiopian Birr
1 Philippine Peso = 0.01892 Euro
1 Philippine Peso = 0.04541 Fiji Dollar
1 Philippine Peso = 0.01387 Falkland Islands Pound
1 Philippine Peso = 0.01435 British Pound
1 Philippine Peso = 0.08358 Ghanaian Cedi
1 Philippine Peso = 0.82689 Gambian Dalasi
1 Philippine Peso = 161.7768 Guinea Franc
1 Philippine Peso = 0.1602 Guatemala Quetzal
1 Philippine Peso = 4.33498 Guyana Dollar
1 Philippine Peso = 0.16315 Hong Kong Dollar
1 Philippine Peso = 0.47192 Honduras Lempira
1 Philippine Peso = 0.14509 Croatian Kuna
1 Philippine Peso = 1.25017 Haiti Gourde
1 Philippine Peso = 5.88824 Hungarian Forint
1 Philippine Peso = 287.76452 Indonesian Rupiah
1 Philippine Peso = 0.08259 Israeli Shekel
1 Philippine Peso = 1.42198 Indian Rupee
1 Philippine Peso = 23.16133 Iraqi Dinar
1 Philippine Peso = 631.47104 Iran Rial
1 Philippine Peso = 2.69333 Iceland Krona
1 Philippine Peso = 2.53245 Jamaican Dollar
1 Philippine Peso = 0.01485 Jordanian Dinar
1 Philippine Peso = 2.46516 Japanese Yen
1 Philippine Peso = 2.13892 Kenyan Shilling
1 Philippine Peso = 1.5769 Kyrgyzstan Som
1 Philippine Peso = 84.41406 Cambodia Riel
1 Philippine Peso = 9.31474 Comoros Franc
1 Philippine Peso = 18.82865 North Korean Won
1 Philippine Peso = 25.40079 Korean Won
1 Philippine Peso = 0.00632 Kuwaiti Dinar
1 Philippine Peso = 0.01715 Cayman Islands Dollar
1 Philippine Peso = 7.7506 Kazakhstan Tenge
1 Philippine Peso = 170.63463 Lao Kip
1 Philippine Peso = 31.62167 Lebanese Pound
1 Philippine Peso = 3.01729 Sri Lanka Rupee
1 Philippine Peso = 1.77115 Liberian Dollar
1 Philippine Peso = 0.33905 Lesotho Loti
1 Philippine Peso = 0.06378 Lithuanian Lita
1 Philippine Peso = 0.01298 Latvian Lat
1 Philippine Peso = 0.02927 Libyan Dinar
1 Philippine Peso = 0.20484 Moroccan Dirham
1 Philippine Peso = 0.42431 Moldovan Leu
1 Philippine Peso = 1.16591 Macedonian Denar
1 Philippine Peso = 26.77329 Myanmar Kyat
1 Philippine Peso = 42.06111 Mongolian Tugrik
1 Philippine Peso = 0.16807 Macau Pataca
1 Philippine Peso = 7.17581 Mauritania Ougulya
1 Philippine Peso = 0.75419 Mauritius Rupee
1 Philippine Peso = 0.32239 Maldives Rufiyaa
1 Philippine Peso = 15.20162 Malawi Kwacha
1 Philippine Peso = 0.38616 Mexican Peso
1 Philippine Peso = 0.08767 Malaysian Ringgit
1 Philippine Peso = 0.33905 Namibian Dollar
1 Philippine Peso = 4.1605 Nigerian Naira
1 Philippine Peso = 0.58686 Nicaragua Cordoba
1 Philippine Peso = 0.18023 Norwegian Krone
1 Philippine Peso = 2.28019 Nepalese Rupee
1 Philippine Peso = 0.03143 New Zealand Dollar
1 Philippine Peso = 0.00805 Omani Rial
1 Philippine Peso = 0.02094 Panama Balboa
1 Philippine Peso = 0.07311 Peruvian Nuevo Sol
1 Philippine Peso = 0.06353 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19218 Pakistani Rupee
1 Philippine Peso = 0.08362 Polish Zloty
1 Philippine Peso = 123.08016 Paraguayan Guarani
1 Philippine Peso = 0.07615 Qatar Rial
1 Philippine Peso = 0.08543 Romanian New Leu
1 Philippine Peso = 1.63834 Russian Rouble
1 Philippine Peso = 15.61732 Rwanda Franc
1 Philippine Peso = 0.07846 Saudi Arabian Riyal
1 Philippine Peso = 0.17038 Solomon Islands Dollar
1 Philippine Peso = 0.28888 Seychelles Rupee
1 Philippine Peso = 0.12778 Sudanese Pound
1 Philippine Peso = 0.17709 Swedish Krona
1 Philippine Peso = 0.02976 Singapore Dollar
1 Philippine Peso = 0.01451 St Helena Pound
1 Philippine Peso = 0.46457 Slovak Koruna
1 Philippine Peso = 86.08877 Sierra Leone Leone
1 Philippine Peso = 12.8652 Somali Shilling
1 Philippine Peso = 469.74341 Sao Tome Dobra
1 Philippine Peso = 0.18258 El Salvador Colon
1 Philippine Peso = 4.59999 Syrian Pound
1 Philippine Peso = 0.33905 Swaziland Lilageni
1 Philippine Peso = 0.7486 Thai Baht
1 Philippine Peso = 0.0423 Tunisian Dinar
1 Philippine Peso = 0.04705 Tonga Pa'ang
1 Philippine Peso = 0.06123 Turkish Lira
1 Philippine Peso = 0.1351 Trinidad Tobago Dollar
1 Philippine Peso = 0.70183 Taiwan Dollar
1 Philippine Peso = 45.75989 Tanzanian Shilling
1 Philippine Peso = 0.53871 Ukraine Hryvnia
1 Philippine Peso = 72.44846 Ugandan Shilling
1 Philippine Peso = 0.02092 United States Dollar
1 Philippine Peso = 0.65179 Uruguayan New Peso
1 Philippine Peso = 59.34937 Uzbekistan Sum
1 Philippine Peso = 0.13285 Venezuelan Bolivar
1 Philippine Peso = 466.24965 Vietnam Dong
1 Philippine Peso = 2.37576 Vanuatu Vatu
1 Philippine Peso = 0.05547 Samoa Tala
1 Philippine Peso = 12.41965 CFA Franc (BEAC)
1 Philippine Peso = 0.05649 East Caribbean Dollar
1 Philippine Peso = 12.41965 CFA Franc (BCEAO)
1 Philippine Peso = 2.25938 Pacific Franc
1 Philippine Peso = 4.49952 Yemen Riyal
1 Philippine Peso = 0.33841 South African Rand
1 Philippine Peso = 108.56808 Zambian Kwacha
1 Philippine Peso = 7.57121 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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