July 29, 2014, 8:45 pm
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1 Philippine Peso = 0.08479 UAE Dirham
1 Philippine Peso = 2.39808 Albanian Lek
1 Philippine Peso = 0.04132 Neth Antilles Guilder
1 Philippine Peso = 0.18869 Argentine Peso
1 Philippine Peso = 0.02457 Australian Dollar
1 Philippine Peso = 0.04132 Aruba Florin
1 Philippine Peso = 0.04617 Barbados Dollar
1 Philippine Peso = 1.79201 Bangladesh Taka
1 Philippine Peso = 0.03371 Bulgarian Lev
1 Philippine Peso = 0.0087 Bahraini Dinar
1 Philippine Peso = 35.82641 Burundi Franc
1 Philippine Peso = 0.02308 Bermuda Dollar
1 Philippine Peso = 0.02867 Brunei Dollar
1 Philippine Peso = 0.15951 Bolivian Boliviano
1 Philippine Peso = 0.05146 Brazilian Real
1 Philippine Peso = 0.02308 Bahamian Dollar
1 Philippine Peso = 1.3877 Bhutan Ngultrum
1 Philippine Peso = 0.20446 Botswana Pula
1 Philippine Peso = 237.53463 Belarus Ruble
1 Philippine Peso = 0.04605 Belize Dollar
1 Philippine Peso = 0.02497 Canadian Dollar
1 Philippine Peso = 0.02088 Swiss Franc
1 Philippine Peso = 13.00785 Chilean Peso
1 Philippine Peso = 0.14294 Chinese Yuan
1 Philippine Peso = 42.68467 Colombian Peso
1 Philippine Peso = 12.41851 Costa Rica Colon
1 Philippine Peso = 0.02308 Cuban Peso
1 Philippine Peso = 1.87627 Cape Verde Escudo
1 Philippine Peso = 0.47231 Czech Koruna
1 Philippine Peso = 4.15628 Djibouti Franc
1 Philippine Peso = 0.12817 Danish Krone
1 Philippine Peso = 1.00531 Dominican Peso
1 Philippine Peso = 1.84153 Algerian Dinar
1 Philippine Peso = 0.26894 Estonian Kroon
1 Philippine Peso = 0.16506 Egyptian Pound
1 Philippine Peso = 0.45621 Ethiopian Birr
1 Philippine Peso = 0.01719 Euro
1 Philippine Peso = 0.04247 Fiji Dollar
1 Philippine Peso = 0.0136 Falkland Islands Pound
1 Philippine Peso = 0.0136 British Pound
1 Philippine Peso = 0.07889 Ghanaian Cedi
1 Philippine Peso = 0.9139 Gambian Dalasi
1 Philippine Peso = 162.2807 Guinea Franc
1 Philippine Peso = 0.18007 Guatemala Quetzal
1 Philippine Peso = 4.74838 Guyana Dollar
1 Philippine Peso = 0.1789 Hong Kong Dollar
1 Philippine Peso = 0.4839 Honduras Lempira
1 Philippine Peso = 0.13118 Croatian Kuna
1 Philippine Peso = 1.04566 Haiti Gourde
1 Philippine Peso = 5.3024 Hungarian Forint
1 Philippine Peso = 267.28994 Indonesian Rupiah
1 Philippine Peso = 0.07903 Israeli Shekel
1 Philippine Peso = 1.38643 Indian Rupee
1 Philippine Peso = 26.90189 Iraqi Dinar
1 Philippine Peso = 605.40166 Iran Rial
1 Philippine Peso = 2.66159 Iceland Krona
1 Philippine Peso = 2.59811 Jamaican Dollar
1 Philippine Peso = 0.01635 Jordanian Dinar
1 Philippine Peso = 2.35088 Japanese Yen
1 Philippine Peso = 2.02516 Kenyan Shilling
1 Philippine Peso = 1.19637 Kyrgyzstan Som
1 Philippine Peso = 93.52493 Cambodia Riel
1 Philippine Peso = 8.45582 Comoros Franc
1 Philippine Peso = 20.77562 North Korean Won
1 Philippine Peso = 23.70868 Korean Won
1 Philippine Peso = 0.00653 Kuwaiti Dinar
1 Philippine Peso = 0.01893 Cayman Islands Dollar
1 Philippine Peso = 4.23777 Kazakhstan Tenge
1 Philippine Peso = 185.75253 Lao Kip
1 Philippine Peso = 34.89151 Lebanese Pound
1 Philippine Peso = 3.00612 Sri Lanka Rupee
1 Philippine Peso = 2.13527 Liberian Dollar
1 Philippine Peso = 0.23915 Lesotho Loti
1 Philippine Peso = 0.05934 Lithuanian Lita
1 Philippine Peso = 0.01175 Latvian Lat
1 Philippine Peso = 0.02882 Libyan Dinar
1 Philippine Peso = 0.19244 Moroccan Dirham
1 Philippine Peso = 0.32052 Moldovan Leu
1 Philippine Peso = 1.04975 Macedonian Denar
1 Philippine Peso = 22.48384 Myanmar Kyat
1 Philippine Peso = 42.57849 Mongolian Tugrik
1 Philippine Peso = 0.18427 Macau Pataca
1 Philippine Peso = 6.71168 Mauritania Ougulya
1 Philippine Peso = 0.70522 Mauritius Rupee
1 Philippine Peso = 0.35549 Maldives Rufiyaa
1 Philippine Peso = 9.14728 Malawi Kwacha
1 Philippine Peso = 0.29888 Mexican Peso
1 Philippine Peso = 0.07328 Malaysian Ringgit
1 Philippine Peso = 0.24261 Namibian Dollar
1 Philippine Peso = 3.73961 Nigerian Naira
1 Philippine Peso = 0.60053 Nicaragua Cordoba
1 Philippine Peso = 0.14363 Norwegian Krone
1 Philippine Peso = 2.23869 Nepalese Rupee
1 Philippine Peso = 0.02699 New Zealand Dollar
1 Philippine Peso = 0.00889 Omani Rial
1 Philippine Peso = 0.02308 Panama Balboa
1 Philippine Peso = 0.06434 Peruvian Nuevo Sol
1 Philippine Peso = 0.05632 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27862 Pakistani Rupee
1 Philippine Peso = 0.07125 Polish Zloty
1 Philippine Peso = 100.51685 Paraguayan Guarani
1 Philippine Peso = 0.08404 Qatar Rial
1 Philippine Peso = 0.07551 Romanian New Leu
1 Philippine Peso = 0.81093 Russian Rouble
1 Philippine Peso = 15.93952 Rwanda Franc
1 Philippine Peso = 0.08658 Saudi Arabian Riyal
1 Philippine Peso = 0.16663 Solomon Islands Dollar
1 Philippine Peso = 0.28428 Seychelles Rupee
1 Philippine Peso = 0.13149 Sudanese Pound
1 Philippine Peso = 0.1574 Swedish Krona
1 Philippine Peso = 0.02867 Singapore Dollar
1 Philippine Peso = 0.0136 St Helena Pound
1 Philippine Peso = 0.5126 Slovak Koruna
1 Philippine Peso = 100.73869 Sierra Leone Leone
1 Philippine Peso = 20.73638 Somali Shilling
1 Philippine Peso = 420.47553 Sao Tome Dobra
1 Philippine Peso = 0.20192 El Salvador Colon
1 Philippine Peso = 3.45337 Syrian Pound
1 Philippine Peso = 0.24268 Swaziland Lilageni
1 Philippine Peso = 0.73511 Thai Baht
1 Philippine Peso = 0.03977 Tunisian Dinar
1 Philippine Peso = 0.04263 Tonga Pa'ang
1 Philippine Peso = 0.04832 Turkish Lira
1 Philippine Peso = 0.1467 Trinidad Tobago Dollar
1 Philippine Peso = 0.69215 Taiwan Dollar
1 Philippine Peso = 38.28486 Tanzanian Shilling
1 Philippine Peso = 0.27141 Ukraine Hryvnia
1 Philippine Peso = 60.71099 Ugandan Shilling
1 Philippine Peso = 0.02308 United States Dollar
1 Philippine Peso = 0.53139 Uruguayan New Peso
1 Philippine Peso = 53.7433 Uzbekistan Sum
1 Philippine Peso = 0.14534 Venezuelan Bolivar
1 Philippine Peso = 489.51985 Vietnam Dong
1 Philippine Peso = 2.16066 Vanuatu Vatu
1 Philippine Peso = 0.05317 Samoa Tala
1 Philippine Peso = 11.27443 CFA Franc (BEAC)
1 Philippine Peso = 0.06233 East Caribbean Dollar
1 Philippine Peso = 11.2777 CFA Franc (BCEAO)
1 Philippine Peso = 2.05309 Pacific Franc
1 Philippine Peso = 4.96157 Yemen Riyal
1 Philippine Peso = 0.24268 South African Rand
1 Philippine Peso = 119.79455 Zambian Kwacha
1 Philippine Peso = 8.35411 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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‘About time Noynoy heeded his bosses’ demand to dump all kinds of pork barrel, that is, if he really knows what “boss” means.’

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