March 31, 2015, 8:12 am
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1 Philippine Peso = 0.08199 UAE Dirham
1 Philippine Peso = 2.8835 Albanian Lek
1 Philippine Peso = 0.03996 Neth Antilles Guilder
1 Philippine Peso = 0.19677 Argentine Peso
1 Philippine Peso = 0.02898 Australian Dollar
1 Philippine Peso = 0.03996 Aruba Florin
1 Philippine Peso = 0.04464 Barbados Dollar
1 Philippine Peso = 1.73679 Bangladesh Taka
1 Philippine Peso = 0.04032 Bulgarian Lev
1 Philippine Peso = 0.0084 Bahraini Dinar
1 Philippine Peso = 34.75932 Burundi Franc
1 Philippine Peso = 0.02232 Bermuda Dollar
1 Philippine Peso = 0.03068 Brunei Dollar
1 Philippine Peso = 0.15424 Bolivian Boliviano
1 Philippine Peso = 0.07253 Brazilian Real
1 Philippine Peso = 0.02232 Bahamian Dollar
1 Philippine Peso = 1.3979 Bhutan Ngultrum
1 Philippine Peso = 0.22011 Botswana Pula
1 Philippine Peso = 327.01258 Belarus Ruble
1 Philippine Peso = 0.04453 Belize Dollar
1 Philippine Peso = 0.02823 Canadian Dollar
1 Philippine Peso = 0.02159 Swiss Franc
1 Philippine Peso = 13.90853 Chilean Peso
1 Philippine Peso = 0.13858 Chinese Yuan
1 Philippine Peso = 57.11001 Colombian Peso
1 Philippine Peso = 11.88428 Costa Rica Colon
1 Philippine Peso = 0.02232 Cuban Peso
1 Philippine Peso = 2.26453 Cape Verde Escudo
1 Philippine Peso = 0.56588 Czech Koruna
1 Philippine Peso = 3.96812 Djibouti Franc
1 Philippine Peso = 0.15394 Danish Krone
1 Philippine Peso = 0.99756 Dominican Peso
1 Philippine Peso = 2.17089 Algerian Dinar
1 Philippine Peso = 0.3224 Estonian Kroon
1 Philippine Peso = 0.17029 Egyptian Pound
1 Philippine Peso = 0.45589 Ethiopian Birr
1 Philippine Peso = 0.02061 Euro
1 Philippine Peso = 0.04577 Fiji Dollar
1 Philippine Peso = 0.01444 Falkland Islands Pound
1 Philippine Peso = 0.01507 British Pound
1 Philippine Peso = 0.08482 Ghanaian Cedi
1 Philippine Peso = 0.9576 Gambian Dalasi
1 Philippine Peso = 161.83238 Guinea Franc
1 Philippine Peso = 0.17068 Guatemala Quetzal
1 Philippine Peso = 4.62527 Guyana Dollar
1 Philippine Peso = 0.17309 Hong Kong Dollar
1 Philippine Peso = 0.47657 Honduras Lempira
1 Philippine Peso = 0.15762 Croatian Kuna
1 Philippine Peso = 1.05271 Haiti Gourde
1 Philippine Peso = 6.18177 Hungarian Forint
1 Philippine Peso = 292.1796 Indonesian Rupiah
1 Philippine Peso = 0.08881 Israeli Shekel
1 Philippine Peso = 1.39824 Indian Rupee
1 Philippine Peso = 25.92105 Iraqi Dinar
1 Philippine Peso = 625.60966 Iran Rial
1 Philippine Peso = 3.03776 Iceland Krona
1 Philippine Peso = 2.56253 Jamaican Dollar
1 Philippine Peso = 0.01581 Jordanian Dinar
1 Philippine Peso = 2.66674 Japanese Yen
1 Philippine Peso = 2.0616 Kenyan Shilling
1 Philippine Peso = 1.42622 Kyrgyzstan Som
1 Philippine Peso = 89.14274 Cambodia Riel
1 Philippine Peso = 10.1082 Comoros Franc
1 Philippine Peso = 20.08951 North Korean Won
1 Philippine Peso = 24.7236 Korean Won
1 Philippine Peso = 0.0067 Kuwaiti Dinar
1 Philippine Peso = 0.0183 Cayman Islands Dollar
1 Philippine Peso = 4.14748 Kazakhstan Tenge
1 Philippine Peso = 180.76095 Lao Kip
1 Philippine Peso = 33.56064 Lebanese Pound
1 Philippine Peso = 2.96689 Sri Lanka Rupee
1 Philippine Peso = 1.88975 Liberian Dollar
1 Philippine Peso = 0.26941 Lesotho Loti
1 Philippine Peso = 0.06549 Lithuanian Lita
1 Philippine Peso = 0.01444 Latvian Lat
1 Philippine Peso = 0.03051 Libyan Dinar
1 Philippine Peso = 0.22006 Moroccan Dirham
1 Philippine Peso = 0.41195 Moldovan Leu
1 Philippine Peso = 1.26508 Macedonian Denar
1 Philippine Peso = 23.04602 Myanmar Kyat
1 Philippine Peso = 44.14112 Mongolian Tugrik
1 Philippine Peso = 0.17828 Macau Pataca
1 Philippine Peso = 7.00901 Mauritania Ougulya
1 Philippine Peso = 0.81586 Mauritius Rupee
1 Philippine Peso = 0.34264 Maldives Rufiyaa
1 Philippine Peso = 9.74196 Malawi Kwacha
1 Philippine Peso = 0.34059 Mexican Peso
1 Philippine Peso = 0.08282 Malaysian Ringgit
1 Philippine Peso = 0.26941 Namibian Dollar
1 Philippine Peso = 4.44313 Nigerian Naira
1 Philippine Peso = 0.60083 Nicaragua Cordoba
1 Philippine Peso = 0.17912 Norwegian Krone
1 Philippine Peso = 2.23663 Nepalese Rupee
1 Philippine Peso = 0.02969 New Zealand Dollar
1 Philippine Peso = 0.00859 Omani Rial
1 Philippine Peso = 0.02232 Panama Balboa
1 Philippine Peso = 0.06905 Peruvian Nuevo Sol
1 Philippine Peso = 0.05979 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27424 Pakistani Rupee
1 Philippine Peso = 0.08442 Polish Zloty
1 Philippine Peso = 107.36437 Paraguayan Guarani
1 Philippine Peso = 0.08127 Qatar Rial
1 Philippine Peso = 0.09115 Romanian New Leu
1 Philippine Peso = 1.30639 Russian Rouble
1 Philippine Peso = 15.37964 Rwanda Franc
1 Philippine Peso = 0.08373 Saudi Arabian Riyal
1 Philippine Peso = 0.17441 Solomon Islands Dollar
1 Philippine Peso = 0.30302 Seychelles Rupee
1 Philippine Peso = 0.13237 Sudanese Pound
1 Philippine Peso = 0.19265 Swedish Krona
1 Philippine Peso = 0.03069 Singapore Dollar
1 Philippine Peso = 0.01498 St Helena Pound
1 Philippine Peso = 0.49568 Slovak Koruna
1 Philippine Peso = 97.0993 Sierra Leone Leone
1 Philippine Peso = 15.78924 Somali Shilling
1 Philippine Peso = 502.98552 Sao Tome Dobra
1 Philippine Peso = 0.1952 El Salvador Colon
1 Philippine Peso = 4.21721 Syrian Pound
1 Philippine Peso = 0.26941 Swaziland Lilageni
1 Philippine Peso = 0.72707 Thai Baht
1 Philippine Peso = 0.04352 Tunisian Dinar
1 Philippine Peso = 0.04433 Tonga Pa'ang
1 Philippine Peso = 0.05843 Turkish Lira
1 Philippine Peso = 0.14226 Trinidad Tobago Dollar
1 Philippine Peso = 0.69833 Taiwan Dollar
1 Philippine Peso = 41.18796 Tanzanian Shilling
1 Philippine Peso = 0.52259 Ukraine Hryvnia
1 Philippine Peso = 66.29538 Ugandan Shilling
1 Philippine Peso = 0.02232 United States Dollar
1 Philippine Peso = 0.57423 Uruguayan New Peso
1 Philippine Peso = 55.45039 Uzbekistan Sum
1 Philippine Peso = 0.14174 Venezuelan Bolivar
1 Philippine Peso = 481.03215 Vietnam Dong
1 Philippine Peso = 2.39188 Vanuatu Vatu
1 Philippine Peso = 0.05524 Samoa Tala
1 Philippine Peso = 13.4776 CFA Franc (BEAC)
1 Philippine Peso = 0.06027 East Caribbean Dollar
1 Philippine Peso = 13.4776 CFA Franc (BCEAO)
1 Philippine Peso = 2.45184 Pacific Franc
1 Philippine Peso = 4.80028 Yemen Riyal
1 Philippine Peso = 0.27007 South African Rand
1 Philippine Peso = 115.83835 Zambian Kwacha
1 Philippine Peso = 8.07822 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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Ludicrous

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‘Noynoy, a victim of the Mamasapano Massacre? Ludicrous!’

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Oppression and rebellion

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‘Nothing multiplies the number of rebels faster than government oppression.’
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