September 30, 2014, 7:48 pm
Facebook iconTwitter iconLinkedIn iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.08143 UAE Dirham
1 Philippine Peso = 2.44729 Albanian Lek
1 Philippine Peso = 0.03969 Neth Antilles Guilder
1 Philippine Peso = 0.18803 Argentine Peso
1 Philippine Peso = 0.02543 Australian Dollar
1 Philippine Peso = 0.03969 Aruba Florin
1 Philippine Peso = 0.04434 Barbados Dollar
1 Philippine Peso = 1.71334 Bangladesh Taka
1 Philippine Peso = 0.03425 Bulgarian Lev
1 Philippine Peso = 0.00836 Bahraini Dinar
1 Philippine Peso = 34.20907 Burundi Franc
1 Philippine Peso = 0.02217 Bermuda Dollar
1 Philippine Peso = 0.02824 Brunei Dollar
1 Philippine Peso = 0.1532 Bolivian Boliviano
1 Philippine Peso = 0.05425 Brazilian Real
1 Philippine Peso = 0.02217 Bahamian Dollar
1 Philippine Peso = 1.36337 Bhutan Ngultrum
1 Philippine Peso = 0.20528 Botswana Pula
1 Philippine Peso = 234.89635 Belarus Ruble
1 Philippine Peso = 0.04423 Belize Dollar
1 Philippine Peso = 0.02474 Canadian Dollar
1 Philippine Peso = 0.02109 Swiss Franc
1 Philippine Peso = 13.34043 Chilean Peso
1 Philippine Peso = 0.13638 Chinese Yuan
1 Philippine Peso = 44.9285 Colombian Peso
1 Philippine Peso = 11.98448 Costa Rica Colon
1 Philippine Peso = 0.02217 Cuban Peso
1 Philippine Peso = 1.90622 Cape Verde Escudo
1 Philippine Peso = 0.48119 Czech Koruna
1 Philippine Peso = 3.99069 Djibouti Franc
1 Philippine Peso = 0.13005 Danish Krone
1 Philippine Peso = 0.96996 Dominican Peso
1 Philippine Peso = 1.8284 Algerian Dinar
1 Philippine Peso = 0.27339 Estonian Kroon
1 Philippine Peso = 0.15866 Egyptian Pound
1 Philippine Peso = 0.44269 Ethiopian Birr
1 Philippine Peso = 0.01747 Euro
1 Philippine Peso = 0.04217 Fiji Dollar
1 Philippine Peso = 0.01365 Falkland Islands Pound
1 Philippine Peso = 0.01365 British Pound
1 Philippine Peso = 0.073 Ghanaian Cedi
1 Philippine Peso = 0.87795 Gambian Dalasi
1 Philippine Peso = 155.85855 Guinea Franc
1 Philippine Peso = 0.1705 Guatemala Quetzal
1 Philippine Peso = 4.62144 Guyana Dollar
1 Philippine Peso = 0.17221 Hong Kong Dollar
1 Philippine Peso = 0.47042 Honduras Lempira
1 Philippine Peso = 0.13341 Croatian Kuna
1 Philippine Peso = 1.01099 Haiti Gourde
1 Philippine Peso = 5.44374 Hungarian Forint
1 Philippine Peso = 270.65736 Indonesian Rupiah
1 Philippine Peso = 0.08166 Israeli Shekel
1 Philippine Peso = 1.36393 Indian Rupee
1 Philippine Peso = 25.7845 Iraqi Dinar
1 Philippine Peso = 591.81909 Iran Rial
1 Philippine Peso = 2.67199 Iceland Krona
1 Philippine Peso = 2.49972 Jamaican Dollar
1 Philippine Peso = 0.01573 Jordanian Dinar
1 Philippine Peso = 2.42624 Japanese Yen
1 Philippine Peso = 1.97938 Kenyan Shilling
1 Philippine Peso = 1.21221 Kyrgyzstan Som
1 Philippine Peso = 90.41126 Cambodia Riel
1 Philippine Peso = 8.5961 Comoros Franc
1 Philippine Peso = 19.95344 North Korean Won
1 Philippine Peso = 23.4025 Korean Won
1 Philippine Peso = 0.00639 Kuwaiti Dinar
1 Philippine Peso = 0.01818 Cayman Islands Dollar
1 Philippine Peso = 4.03359 Kazakhstan Tenge
1 Philippine Peso = 178.61212 Lao Kip
1 Philippine Peso = 33.53287 Lebanese Pound
1 Philippine Peso = 2.89159 Sri Lanka Rupee
1 Philippine Peso = 1.87341 Liberian Dollar
1 Philippine Peso = 0.25019 Lesotho Loti
1 Philippine Peso = 0.06033 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.02771 Libyan Dinar
1 Philippine Peso = 0.1938 Moroccan Dirham
1 Philippine Peso = 0.31671 Moldovan Leu
1 Philippine Peso = 1.07604 Macedonian Denar
1 Philippine Peso = 22.0153 Myanmar Kyat
1 Philippine Peso = 40.62742 Mongolian Tugrik
1 Philippine Peso = 0.17739 Macau Pataca
1 Philippine Peso = 6.4505 Mauritania Ougulya
1 Philippine Peso = 0.69682 Mauritius Rupee
1 Philippine Peso = 0.34076 Maldives Rufiyaa
1 Philippine Peso = 9.09378 Malawi Kwacha
1 Philippine Peso = 0.29922 Mexican Peso
1 Philippine Peso = 0.07273 Malaysian Ringgit
1 Philippine Peso = 0.25002 Namibian Dollar
1 Philippine Peso = 3.63042 Nigerian Naira
1 Philippine Peso = 0.58231 Nicaragua Cordoba
1 Philippine Peso = 0.14287 Norwegian Krone
1 Philippine Peso = 2.17537 Nepalese Rupee
1 Philippine Peso = 0.02854 New Zealand Dollar
1 Philippine Peso = 0.00854 Omani Rial
1 Philippine Peso = 0.02217 Panama Balboa
1 Philippine Peso = 0.06423 Peruvian Nuevo Sol
1 Philippine Peso = 0.05503 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.27691 Pakistani Rupee
1 Philippine Peso = 0.073 Polish Zloty
1 Philippine Peso = 99.3524 Paraguayan Guarani
1 Philippine Peso = 0.08074 Qatar Rial
1 Philippine Peso = 0.07704 Romanian New Leu
1 Philippine Peso = 0.87429 Russian Rouble
1 Philippine Peso = 15.2533 Rwanda Franc
1 Philippine Peso = 0.08316 Saudi Arabian Riyal
1 Philippine Peso = 0.16411 Solomon Islands Dollar
1 Philippine Peso = 0.29494 Seychelles Rupee
1 Philippine Peso = 0.12618 Sudanese Pound
1 Philippine Peso = 0.16041 Swedish Krona
1 Philippine Peso = 0.02825 Singapore Dollar
1 Philippine Peso = 0.01365 St Helena Pound
1 Philippine Peso = 0.49232 Slovak Koruna
1 Philippine Peso = 97.22869 Sierra Leone Leone
1 Philippine Peso = 17.14444 Somali Shilling
1 Philippine Peso = 427.55792 Sao Tome Dobra
1 Philippine Peso = 0.19393 El Salvador Colon
1 Philippine Peso = 3.54506 Syrian Pound
1 Philippine Peso = 0.25033 Swaziland Lilageni
1 Philippine Peso = 0.71832 Thai Baht
1 Philippine Peso = 0.03975 Tunisian Dinar
1 Philippine Peso = 0.0431 Tonga Pa'ang
1 Philippine Peso = 0.05052 Turkish Lira
1 Philippine Peso = 0.14103 Trinidad Tobago Dollar
1 Philippine Peso = 0.67569 Taiwan Dollar
1 Philippine Peso = 37.10232 Tanzanian Shilling
1 Philippine Peso = 0.28629 Ukraine Hryvnia
1 Philippine Peso = 58.5301 Ugandan Shilling
1 Philippine Peso = 0.02217 United States Dollar
1 Philippine Peso = 0.54983 Uruguayan New Peso
1 Philippine Peso = 52.48642 Uzbekistan Sum
1 Philippine Peso = 0.13953 Venezuelan Bolivar
1 Philippine Peso = 470.34697 Vietnam Dong
1 Philippine Peso = 2.17714 Vanuatu Vatu
1 Philippine Peso = 0.05379 Samoa Tala
1 Philippine Peso = 11.46147 CFA Franc (BEAC)
1 Philippine Peso = 0.05986 East Caribbean Dollar
1 Philippine Peso = 11.46214 CFA Franc (BCEAO)
1 Philippine Peso = 2.09578 Pacific Franc
1 Philippine Peso = 4.76588 Yemen Riyal
1 Philippine Peso = 0.24992 South African Rand
1 Philippine Peso = 115.05376 Zambian Kwacha
1 Philippine Peso = 8.0235 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

‘Fathomless ignorance’

By NESTOR MATA | September 30,2014
0 View(s) 0 Comment(s)

‘During his visits to Berlin, Boston and New York City, President Noynoy Aquino talked about world issues of which he ‘does not know anything about.’

Opinion of the Day

Immunity and lies

By AMADO P. MACASAET | September 30, 2014
0 View(s) 0 Comment(s)

‘The investigation of Binay should be left exclusively to the Office of the Ombudsman. Whatever   Mercado tells the Blue Ribbon Committee is not even remotely related to how the Ombudsman will conduct its investigation.’