May 28, 2016, 8:01 am
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1 Philippine Peso = 0.07863 UAE Dirham
1 Philippine Peso = 2.64307 Albanian Lek
1 Philippine Peso = 0.03832 Neth Antilles Guilder
1 Philippine Peso = 0.29777 Argentine Peso
1 Philippine Peso = 0.02979 Australian Dollar
1 Philippine Peso = 0.03832 Aruba Florin
1 Philippine Peso = 0.04281 Barbados Dollar
1 Philippine Peso = 1.68344 Bangladesh Taka
1 Philippine Peso = 0.03764 Bulgarian Lev
1 Philippine Peso = 0.00807 Bahraini Dinar
1 Philippine Peso = 33.42645 Burundi Franc
1 Philippine Peso = 0.02141 Bermuda Dollar
1 Philippine Peso = 0.02942 Brunei Dollar
1 Philippine Peso = 0.14738 Bolivian Boliviano
1 Philippine Peso = 0.07736 Brazilian Real
1 Philippine Peso = 0.0214 Bahamian Dollar
1 Philippine Peso = 1.43505 Bhutan Ngultrum
1 Philippine Peso = 0.23872 Botswana Pula
1 Philippine Peso = 421.60357 Belarus Ruble
1 Philippine Peso = 0.04271 Belize Dollar
1 Philippine Peso = 0.02789 Canadian Dollar
1 Philippine Peso = 0.0213 Swiss Franc
1 Philippine Peso = 14.73836 Chilean Peso
1 Philippine Peso = 0.14055 Chinese Yuan
1 Philippine Peso = 65.71225 Colombian Peso
1 Philippine Peso = 11.49215 Costa Rica Colon
1 Philippine Peso = 0.02141 Cuban Peso
1 Philippine Peso = 2.11282 Cape Verde Escudo
1 Philippine Peso = 0.52057 Czech Koruna
1 Philippine Peso = 3.8077 Djibouti Franc
1 Philippine Peso = 0.14325 Danish Krone
1 Philippine Peso = 0.98192 Dominican Peso
1 Philippine Peso = 2.36468 Algerian Dinar
1 Philippine Peso = 0.30131 Estonian Kroon
1 Philippine Peso = 0.19022 Egyptian Pound
1 Philippine Peso = 0.46452 Ethiopian Birr
1 Philippine Peso = 0.01926 Euro
1 Philippine Peso = 0.04554 Fiji Dollar
1 Philippine Peso = 0.01412 Falkland Islands Pound
1 Philippine Peso = 0.01464 British Pound
1 Philippine Peso = 0.08252 Ghanaian Cedi
1 Philippine Peso = 0.91738 Gambian Dalasi
1 Philippine Peso = 157.33766 Guinea Franc
1 Philippine Peso = 0.16331 Guatemala Quetzal
1 Philippine Peso = 4.45076 Guyana Dollar
1 Philippine Peso = 0.16626 Hong Kong Dollar
1 Philippine Peso = 0.48272 Honduras Lempira
1 Philippine Peso = 0.14431 Croatian Kuna
1 Philippine Peso = 1.34191 Haiti Gourde
1 Philippine Peso = 6.04652 Hungarian Forint
1 Philippine Peso = 290.71273 Indonesian Rupiah
1 Philippine Peso = 0.08232 Israeli Shekel
1 Philippine Peso = 1.43496 Indian Rupee
1 Philippine Peso = 25.30264 Iraqi Dinar
1 Philippine Peso = 651.81047 Iran Rial
1 Philippine Peso = 2.68493 Iceland Krona
1 Philippine Peso = 2.67091 Jamaican Dollar
1 Philippine Peso = 0.01515 Jordanian Dinar
1 Philippine Peso = 2.35965 Japanese Yen
1 Philippine Peso = 2.15697 Kenyan Shilling
1 Philippine Peso = 1.46245 Kyrgyzstan Som
1 Philippine Peso = 87.91596 Cambodia Riel
1 Philippine Peso = 9.48795 Comoros Franc
1 Philippine Peso = 19.26597 North Korean Won
1 Philippine Peso = 25.40849 Korean Won
1 Philippine Peso = 0.00647 Kuwaiti Dinar
1 Philippine Peso = 0.01755 Cayman Islands Dollar
1 Philippine Peso = 7.19808 Kazakhstan Tenge
1 Philippine Peso = 173.71373 Lao Kip
1 Philippine Peso = 32.34435 Lebanese Pound
1 Philippine Peso = 3.15031 Sri Lanka Rupee
1 Philippine Peso = 1.8125 Liberian Dollar
1 Philippine Peso = 0.3364 Lesotho Loti
1 Philippine Peso = 0.06526 Lithuanian Lita
1 Philippine Peso = 0.01328 Latvian Lat
1 Philippine Peso = 0.02793 Libyan Dinar
1 Philippine Peso = 0.209 Moroccan Dirham
1 Philippine Peso = 0.42851 Moldovan Leu
1 Philippine Peso = 1.18624 Macedonian Denar
1 Philippine Peso = 25.35294 Myanmar Kyat
1 Philippine Peso = 42.75974 Mongolian Tugrik
1 Philippine Peso = 0.17125 Macau Pataca
1 Philippine Peso = 7.59925 Mauritania Ougulya
1 Philippine Peso = 0.75496 Mauritius Rupee
1 Philippine Peso = 0.32859 Maldives Rufiyaa
1 Philippine Peso = 15.15621 Malawi Kwacha
1 Philippine Peso = 0.39512 Mexican Peso
1 Philippine Peso = 0.08759 Malaysian Ringgit
1 Philippine Peso = 0.3364 Namibian Dollar
1 Philippine Peso = 4.26302 Nigerian Naira
1 Philippine Peso = 0.60976 Nicaragua Cordoba
1 Philippine Peso = 0.17846 Norwegian Krone
1 Philippine Peso = 2.29608 Nepalese Rupee
1 Philippine Peso = 0.03197 New Zealand Dollar
1 Philippine Peso = 0.00824 Omani Rial
1 Philippine Peso = 0.0214 Panama Balboa
1 Philippine Peso = 0.07169 Peruvian Nuevo Sol
1 Philippine Peso = 0.06778 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.2401 Pakistani Rupee
1 Philippine Peso = 0.08451 Polish Zloty
1 Philippine Peso = 122.3924 Paraguayan Guarani
1 Philippine Peso = 0.07794 Qatar Rial
1 Philippine Peso = 0.08674 Romanian New Leu
1 Philippine Peso = 1.41379 Russian Rouble
1 Philippine Peso = 15.96924 Rwanda Franc
1 Philippine Peso = 0.0803 Saudi Arabian Riyal
1 Philippine Peso = 0.16696 Solomon Islands Dollar
1 Philippine Peso = 0.27927 Seychelles Rupee
1 Philippine Peso = 0.13025 Sudanese Pound
1 Philippine Peso = 0.17878 Swedish Krona
1 Philippine Peso = 0.02954 Singapore Dollar
1 Philippine Peso = 0.01485 St Helena Pound
1 Philippine Peso = 0.47536 Slovak Koruna
1 Philippine Peso = 84.66322 Sierra Leone Leone
1 Philippine Peso = 12.97135 Somali Shilling
1 Philippine Peso = 470.32506 Sao Tome Dobra
1 Philippine Peso = 0.18729 El Salvador Colon
1 Philippine Peso = 4.7064 Syrian Pound
1 Philippine Peso = 0.3363 Swaziland Lilageni
1 Philippine Peso = 0.76505 Thai Baht
1 Philippine Peso = 0.04498 Tunisian Dinar
1 Philippine Peso = 0.04794 Tonga Pa'ang
1 Philippine Peso = 0.06331 Turkish Lira
1 Philippine Peso = 0.14254 Trinidad Tobago Dollar
1 Philippine Peso = 0.69742 Taiwan Dollar
1 Philippine Peso = 46.89764 Tanzanian Shilling
1 Philippine Peso = 0.53831 Ukraine Hryvnia
1 Philippine Peso = 72.02368 Ugandan Shilling
1 Philippine Peso = 0.02141 United States Dollar
1 Philippine Peso = 0.66894 Uruguayan New Peso
1 Philippine Peso = 62.49345 Uzbekistan Sum
1 Philippine Peso = 0.213 Venezuelan Bolivar
1 Philippine Peso = 479.1874 Vietnam Dong
1 Philippine Peso = 2.40311 Vanuatu Vatu
1 Philippine Peso = 0.0555 Samoa Tala
1 Philippine Peso = 12.63607 CFA Franc (BEAC)
1 Philippine Peso = 0.0578 East Caribbean Dollar
1 Philippine Peso = 12.63607 CFA Franc (BCEAO)
1 Philippine Peso = 2.29875 Pacific Franc
1 Philippine Peso = 5.32597 Yemen Riyal
1 Philippine Peso = 0.33649 South African Rand
1 Philippine Peso = 111.0897 Zambian Kwacha
1 Philippine Peso = 7.74706 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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