October 31, 2014, 9:25 pm
Facebook iconTwitter iconLinkedIn iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.08206 UAE Dirham
1 Philippine Peso = 2.44113 Albanian Lek
1 Philippine Peso = 0.03999 Neth Antilles Guilder
1 Philippine Peso = 0.18993 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03999 Aruba Florin
1 Philippine Peso = 0.04468 Barbados Dollar
1 Philippine Peso = 1.73056 Bangladesh Taka
1 Philippine Peso = 0.03439 Bulgarian Lev
1 Philippine Peso = 0.00842 Bahraini Dinar
1 Philippine Peso = 34.89723 Burundi Franc
1 Philippine Peso = 0.02234 Bermuda Dollar
1 Philippine Peso = 0.02842 Brunei Dollar
1 Philippine Peso = 0.15438 Bolivian Boliviano
1 Philippine Peso = 0.05522 Brazilian Real
1 Philippine Peso = 0.02234 Bahamian Dollar
1 Philippine Peso = 1.37008 Bhutan Ngultrum
1 Philippine Peso = 0.20347 Botswana Pula
1 Philippine Peso = 239.61126 Belarus Ruble
1 Philippine Peso = 0.04457 Belize Dollar
1 Philippine Peso = 0.02495 Canadian Dollar
1 Philippine Peso = 0.02117 Swiss Franc
1 Philippine Peso = 12.93342 Chilean Peso
1 Philippine Peso = 0.13658 Chinese Yuan
1 Philippine Peso = 45.99419 Colombian Peso
1 Philippine Peso = 12.07775 Costa Rica Colon
1 Philippine Peso = 0.02234 Cuban Peso
1 Philippine Peso = 1.90684 Cape Verde Escudo
1 Philippine Peso = 0.48759 Czech Koruna
1 Philippine Peso = 4.06613 Djibouti Franc
1 Philippine Peso = 0.13063 Danish Krone
1 Philippine Peso = 0.97777 Dominican Peso
1 Philippine Peso = 1.86193 Algerian Dinar
1 Philippine Peso = 0.27455 Estonian Kroon
1 Philippine Peso = 0.15977 Egyptian Pound
1 Philippine Peso = 0.44793 Ethiopian Birr
1 Philippine Peso = 0.01755 Euro
1 Philippine Peso = 0.04251 Fiji Dollar
1 Philippine Peso = 0.01384 Falkland Islands Pound
1 Philippine Peso = 0.01385 British Pound
1 Philippine Peso = 0.072 Ghanaian Cedi
1 Philippine Peso = 0.9618 Gambian Dalasi
1 Philippine Peso = 157.05987 Guinea Franc
1 Philippine Peso = 0.17003 Guatemala Quetzal
1 Philippine Peso = 4.59562 Guyana Dollar
1 Philippine Peso = 0.17331 Hong Kong Dollar
1 Philippine Peso = 0.47598 Honduras Lempira
1 Philippine Peso = 0.13449 Croatian Kuna
1 Philippine Peso = 1.02126 Haiti Gourde
1 Philippine Peso = 5.41689 Hungarian Forint
1 Philippine Peso = 272.89991 Indonesian Rupiah
1 Philippine Peso = 0.0838 Israeli Shekel
1 Philippine Peso = 1.36819 Indian Rupee
1 Philippine Peso = 25.98414 Iraqi Dinar
1 Philippine Peso = 597.1403 Iran Rial
1 Philippine Peso = 2.708 Iceland Krona
1 Philippine Peso = 2.51408 Jamaican Dollar
1 Philippine Peso = 0.01585 Jordanian Dinar
1 Philippine Peso = 2.41696 Japanese Yen
1 Philippine Peso = 1.9962 Kenyan Shilling
1 Philippine Peso = 1.26194 Kyrgyzstan Som
1 Philippine Peso = 91.04111 Cambodia Riel
1 Philippine Peso = 8.63107 Comoros Franc
1 Philippine Peso = 20.10724 North Korean Won
1 Philippine Peso = 23.41711 Korean Won
1 Philippine Peso = 0.00646 Kuwaiti Dinar
1 Philippine Peso = 0.01832 Cayman Islands Dollar
1 Philippine Peso = 4.04323 Kazakhstan Tenge
1 Philippine Peso = 179.74754 Lao Kip
1 Philippine Peso = 33.8025 Lebanese Pound
1 Philippine Peso = 2.92449 Sri Lanka Rupee
1 Philippine Peso = 1.88785 Liberian Dollar
1 Philippine Peso = 0.24274 Lesotho Loti
1 Philippine Peso = 0.06059 Lithuanian Lita
1 Philippine Peso = 0.01147 Latvian Lat
1 Philippine Peso = 0.02698 Libyan Dinar
1 Philippine Peso = 0.19425 Moroccan Dirham
1 Philippine Peso = 0.32875 Moldovan Leu
1 Philippine Peso = 1.08065 Macedonian Denar
1 Philippine Peso = 22.47542 Myanmar Kyat
1 Philippine Peso = 41.34272 Mongolian Tugrik
1 Philippine Peso = 0.17851 Macau Pataca
1 Philippine Peso = 6.49911 Mauritania Ougulya
1 Philippine Peso = 0.70822 Mauritius Rupee
1 Philippine Peso = 0.34406 Maldives Rufiyaa
1 Philippine Peso = 10.36707 Malawi Kwacha
1 Philippine Peso = 0.30035 Mexican Peso
1 Philippine Peso = 0.07316 Malaysian Ringgit
1 Philippine Peso = 0.24341 Namibian Dollar
1 Philippine Peso = 3.70085 Nigerian Naira
1 Philippine Peso = 0.58925 Nicaragua Cordoba
1 Philippine Peso = 0.14774 Norwegian Krone
1 Philippine Peso = 2.21738 Nepalese Rupee
1 Philippine Peso = 0.02821 New Zealand Dollar
1 Philippine Peso = 0.0086 Omani Rial
1 Philippine Peso = 0.02234 Panama Balboa
1 Philippine Peso = 0.06517 Peruvian Nuevo Sol
1 Philippine Peso = 0.05637 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.30228 Pakistani Rupee
1 Philippine Peso = 0.07399 Polish Zloty
1 Philippine Peso = 103.21392 Paraguayan Guarani
1 Philippine Peso = 0.08136 Qatar Rial
1 Philippine Peso = 0.07758 Romanian New Leu
1 Philippine Peso = 0.94819 Russian Rouble
1 Philippine Peso = 15.42672 Rwanda Franc
1 Philippine Peso = 0.08382 Saudi Arabian Riyal
1 Philippine Peso = 0.16562 Solomon Islands Dollar
1 Philippine Peso = 0.31496 Seychelles Rupee
1 Philippine Peso = 0.12695 Sudanese Pound
1 Philippine Peso = 0.16386 Swedish Krona
1 Philippine Peso = 0.02842 Singapore Dollar
1 Philippine Peso = 0.01384 St Helena Pound
1 Philippine Peso = 0.49611 Slovak Koruna
1 Philippine Peso = 96.62645 Sierra Leone Leone
1 Philippine Peso = 17.37042 Somali Shilling
1 Philippine Peso = 429.51296 Sao Tome Dobra
1 Philippine Peso = 0.19542 El Salvador Colon
1 Philippine Peso = 3.66399 Syrian Pound
1 Philippine Peso = 0.24359 Swaziland Lilageni
1 Philippine Peso = 0.72487 Thai Baht
1 Philippine Peso = 0.04014 Tunisian Dinar
1 Philippine Peso = 0.04407 Tonga Pa'ang
1 Philippine Peso = 0.0493 Turkish Lira
1 Philippine Peso = 0.14134 Trinidad Tobago Dollar
1 Philippine Peso = 0.67962 Taiwan Dollar
1 Philippine Peso = 38.17024 Tanzanian Shilling
1 Philippine Peso = 0.28943 Ukraine Hryvnia
1 Philippine Peso = 60.54513 Ugandan Shilling
1 Philippine Peso = 0.02234 United States Dollar
1 Philippine Peso = 0.5429 Uruguayan New Peso
1 Philippine Peso = 53.26139 Uzbekistan Sum
1 Philippine Peso = 0.14048 Venezuelan Bolivar
1 Philippine Peso = 474.64254 Vietnam Dong
1 Philippine Peso = 2.18722 Vanuatu Vatu
1 Philippine Peso = 0.05397 Samoa Tala
1 Philippine Peso = 11.50809 CFA Franc (BEAC)
1 Philippine Peso = 0.06032 East Caribbean Dollar
1 Philippine Peso = 11.53932 CFA Franc (BCEAO)
1 Philippine Peso = 2.08892 Pacific Franc
1 Philippine Peso = 4.80016 Yemen Riyal
1 Philippine Peso = 0.24232 South African Rand
1 Philippine Peso = 115.94057 Zambian Kwacha
1 Philippine Peso = 8.08534 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.
Category: 
Rating: 
No votes yet

Column of the Day

Finally, it’s final; Or so we hope

By AMADO P. MACASAET | October 31,2014
0 View(s) 0 Comment(s)

‘Mr. Aquino’s commitment not to run again is his greatest political contribution to his country and people.’

Opinion of the Day

PAMUSA writes

By DUCKY PAREDES | October 31, 2014
0 View(s) 0 Comment(s)

 ‘Has the VP been elevated to a position not subject to scrutiny by fellow politicians who may be similarly eyeing the presidency in 2016?’

thought