July 25, 2014, 2:44 pm
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1 Philippine Peso = 0.08486 UAE Dirham
1 Philippine Peso = 2.39494 Albanian Lek
1 Philippine Peso = 0.04135 Neth Antilles Guilder
1 Philippine Peso = 0.1887 Argentine Peso
1 Philippine Peso = 0.02447 Australian Dollar
1 Philippine Peso = 0.04135 Aruba Florin
1 Philippine Peso = 0.04621 Barbados Dollar
1 Philippine Peso = 1.79138 Bangladesh Taka
1 Philippine Peso = 0.03367 Bulgarian Lev
1 Philippine Peso = 0.00871 Bahraini Dinar
1 Philippine Peso = 35.80917 Burundi Franc
1 Philippine Peso = 0.0231 Bermuda Dollar
1 Philippine Peso = 0.02858 Brunei Dollar
1 Philippine Peso = 0.15964 Bolivian Boliviano
1 Philippine Peso = 0.05128 Brazilian Real
1 Philippine Peso = 0.0231 Bahamian Dollar
1 Philippine Peso = 1.38821 Bhutan Ngultrum
1 Philippine Peso = 0.20463 Botswana Pula
1 Philippine Peso = 237.84221 Belarus Ruble
1 Philippine Peso = 0.04609 Belize Dollar
1 Philippine Peso = 0.02481 Canadian Dollar
1 Philippine Peso = 0.02085 Swiss Franc
1 Philippine Peso = 13.00936 Chilean Peso
1 Philippine Peso = 0.14333 Chinese Yuan
1 Philippine Peso = 42.70533 Colombian Peso
1 Philippine Peso = 12.46159 Costa Rica Colon
1 Philippine Peso = 0.0231 Cuban Peso
1 Philippine Peso = 1.86855 Cape Verde Escudo
1 Philippine Peso = 0.47126 Czech Koruna
1 Philippine Peso = 4.20584 Djibouti Franc
1 Philippine Peso = 0.128 Danish Krone
1 Philippine Peso = 1.00543 Dominican Peso
1 Philippine Peso = 1.84128 Algerian Dinar
1 Philippine Peso = 0.26858 Estonian Kroon
1 Philippine Peso = 0.16518 Egyptian Pound
1 Philippine Peso = 0.45637 Ethiopian Birr
1 Philippine Peso = 0.01717 Euro
1 Philippine Peso = 0.04256 Fiji Dollar
1 Philippine Peso = 0.01356 Falkland Islands Pound
1 Philippine Peso = 0.01356 British Pound
1 Philippine Peso = 0.07838 Ghanaian Cedi
1 Philippine Peso = 0.91487 Gambian Dalasi
1 Philippine Peso = 162.64295 Guinea Franc
1 Philippine Peso = 0.18014 Guatemala Quetzal
1 Philippine Peso = 4.75176 Guyana Dollar
1 Philippine Peso = 0.17906 Hong Kong Dollar
1 Philippine Peso = 0.48426 Honduras Lempira
1 Philippine Peso = 0.1308 Croatian Kuna
1 Philippine Peso = 1.04738 Haiti Gourde
1 Philippine Peso = 5.27689 Hungarian Forint
1 Philippine Peso = 266.72057 Indonesian Rupiah
1 Philippine Peso = 0.07877 Israeli Shekel
1 Philippine Peso = 1.38456 Indian Rupee
1 Philippine Peso = 26.90308 Iraqi Dinar
1 Philippine Peso = 605.10569 Iran Rial
1 Philippine Peso = 2.65912 Iceland Krona
1 Philippine Peso = 2.59513 Jamaican Dollar
1 Philippine Peso = 0.01637 Jordanian Dinar
1 Philippine Peso = 2.34615 Japanese Yen
1 Philippine Peso = 2.03188 Kenyan Shilling
1 Philippine Peso = 1.19778 Kyrgyzstan Som
1 Philippine Peso = 93.68141 Cambodia Riel
1 Philippine Peso = 8.44474 Comoros Franc
1 Philippine Peso = 20.79242 North Korean Won
1 Philippine Peso = 23.76574 Korean Won
1 Philippine Peso = 0.00653 Kuwaiti Dinar
1 Philippine Peso = 0.01894 Cayman Islands Dollar
1 Philippine Peso = 4.24004 Kazakhstan Tenge
1 Philippine Peso = 186.03442 Lao Kip
1 Philippine Peso = 34.94282 Lebanese Pound
1 Philippine Peso = 3.00924 Sri Lanka Rupee
1 Philippine Peso = 2.137 Liberian Dollar
1 Philippine Peso = 0.24281 Lesotho Loti
1 Philippine Peso = 0.05927 Lithuanian Lita
1 Philippine Peso = 0.01206 Latvian Lat
1 Philippine Peso = 0.02858 Libyan Dinar
1 Philippine Peso = 0.19246 Moroccan Dirham
1 Philippine Peso = 0.32147 Moldovan Leu
1 Philippine Peso = 1.05059 Macedonian Denar
1 Philippine Peso = 22.50202 Myanmar Kyat
1 Philippine Peso = 42.4512 Mongolian Tugrik
1 Philippine Peso = 0.18444 Macau Pataca
1 Philippine Peso = 6.71133 Mauritania Ougulya
1 Philippine Peso = 0.71272 Mauritius Rupee
1 Philippine Peso = 0.35601 Maldives Rufiyaa
1 Philippine Peso = 9.15467 Malawi Kwacha
1 Philippine Peso = 0.29899 Mexican Peso
1 Philippine Peso = 0.0732 Malaysian Ringgit
1 Philippine Peso = 0.2426 Namibian Dollar
1 Philippine Peso = 3.7394 Nigerian Naira
1 Philippine Peso = 0.60148 Nicaragua Cordoba
1 Philippine Peso = 0.1432 Norwegian Krone
1 Philippine Peso = 2.24974 Nepalese Rupee
1 Philippine Peso = 0.02683 New Zealand Dollar
1 Philippine Peso = 0.00889 Omani Rial
1 Philippine Peso = 0.0231 Panama Balboa
1 Philippine Peso = 0.06446 Peruvian Nuevo Sol
1 Philippine Peso = 0.05637 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27977 Pakistani Rupee
1 Philippine Peso = 0.07099 Polish Zloty
1 Philippine Peso = 99.29502 Paraguayan Guarani
1 Philippine Peso = 0.08411 Qatar Rial
1 Philippine Peso = 0.07583 Romanian New Leu
1 Philippine Peso = 0.80576 Russian Rouble
1 Philippine Peso = 15.89465 Rwanda Franc
1 Philippine Peso = 0.08665 Saudi Arabian Riyal
1 Philippine Peso = 0.16676 Solomon Islands Dollar
1 Philippine Peso = 0.28416 Seychelles Rupee
1 Philippine Peso = 0.13128 Sudanese Pound
1 Philippine Peso = 0.1581 Swedish Krona
1 Philippine Peso = 0.02859 Singapore Dollar
1 Philippine Peso = 0.01356 St Helena Pound
1 Philippine Peso = 0.51302 Slovak Koruna
1 Philippine Peso = 100.95876 Sierra Leone Leone
1 Philippine Peso = 20.72311 Somali Shilling
1 Philippine Peso = 420.46898 Sao Tome Dobra
1 Philippine Peso = 0.20208 El Salvador Colon
1 Philippine Peso = 3.45616 Syrian Pound
1 Philippine Peso = 0.24348 Swaziland Lilageni
1 Philippine Peso = 0.73432 Thai Baht
1 Philippine Peso = 0.03988 Tunisian Dinar
1 Philippine Peso = 0.04268 Tonga Pa'ang
1 Philippine Peso = 0.04824 Turkish Lira
1 Philippine Peso = 0.14731 Trinidad Tobago Dollar
1 Philippine Peso = 0.6927 Taiwan Dollar
1 Philippine Peso = 38.36202 Tanzanian Shilling
1 Philippine Peso = 0.26913 Ukraine Hryvnia
1 Philippine Peso = 60.69077 Ugandan Shilling
1 Philippine Peso = 0.0231 United States Dollar
1 Philippine Peso = 0.53067 Uruguayan New Peso
1 Philippine Peso = 53.69297 Uzbekistan Sum
1 Philippine Peso = 0.14537 Venezuelan Bolivar
1 Philippine Peso = 489.89257 Vietnam Dong
1 Philippine Peso = 2.16241 Vanuatu Vatu
1 Philippine Peso = 0.05321 Samoa Tala
1 Philippine Peso = 11.25966 CFA Franc (BEAC)
1 Philippine Peso = 0.06238 East Caribbean Dollar
1 Philippine Peso = 11.26949 CFA Franc (BCEAO)
1 Philippine Peso = 2.05614 Pacific Franc
1 Philippine Peso = 4.96373 Yemen Riyal
1 Philippine Peso = 0.24317 South African Rand
1 Philippine Peso = 119.89142 Zambian Kwacha
1 Philippine Peso = 8.36086 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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