April 30, 2016, 7:29 am
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.0783 UAE Dirham
1 Philippine Peso = 2.58779 Albanian Lek
1 Philippine Peso = 0.03816 Neth Antilles Guilder
1 Philippine Peso = 0.30407 Argentine Peso
1 Philippine Peso = 0.02803 Australian Dollar
1 Philippine Peso = 0.03816 Aruba Florin
1 Philippine Peso = 0.04263 Barbados Dollar
1 Philippine Peso = 1.67206 Bangladesh Taka
1 Philippine Peso = 0.03641 Bulgarian Lev
1 Philippine Peso = 0.00804 Bahraini Dinar
1 Philippine Peso = 33.37419 Burundi Franc
1 Philippine Peso = 0.02132 Bermuda Dollar
1 Philippine Peso = 0.02868 Brunei Dollar
1 Philippine Peso = 0.14741 Bolivian Boliviano
1 Philippine Peso = 0.07353 Brazilian Real
1 Philippine Peso = 0.02131 Bahamian Dollar
1 Philippine Peso = 1.41397 Bhutan Ngultrum
1 Philippine Peso = 0.22614 Botswana Pula
1 Philippine Peso = 409.60979 Belarus Ruble
1 Philippine Peso = 0.04253 Belize Dollar
1 Philippine Peso = 0.02675 Canadian Dollar
1 Philippine Peso = 0.02047 Swiss Franc
1 Philippine Peso = 14.08064 Chilean Peso
1 Philippine Peso = 0.138 Chinese Yuan
1 Philippine Peso = 60.88189 Colombian Peso
1 Philippine Peso = 11.42601 Costa Rica Colon
1 Philippine Peso = 0.02132 Cuban Peso
1 Philippine Peso = 2.05411 Cape Verde Escudo
1 Philippine Peso = 0.50425 Czech Koruna
1 Philippine Peso = 3.78956 Djibouti Franc
1 Philippine Peso = 0.13871 Danish Krone
1 Philippine Peso = 0.97761 Dominican Peso
1 Philippine Peso = 2.32261 Algerian Dinar
1 Philippine Peso = 0.29162 Estonian Kroon
1 Philippine Peso = 0.18939 Egyptian Pound
1 Philippine Peso = 0.45929 Ethiopian Birr
1 Philippine Peso = 0.01864 Euro
1 Philippine Peso = 0.04422 Fiji Dollar
1 Philippine Peso = 0.01407 Falkland Islands Pound
1 Philippine Peso = 0.01458 British Pound
1 Philippine Peso = 0.08133 Ghanaian Cedi
1 Philippine Peso = 0.90833 Gambian Dalasi
1 Philippine Peso = 160.94372 Guinea Franc
1 Philippine Peso = 0.16501 Guatemala Quetzal
1 Philippine Peso = 4.41713 Guyana Dollar
1 Philippine Peso = 0.16537 Hong Kong Dollar
1 Philippine Peso = 0.48141 Honduras Lempira
1 Philippine Peso = 0.1399 Croatian Kuna
1 Philippine Peso = 1.32176 Haiti Gourde
1 Philippine Peso = 5.80957 Hungarian Forint
1 Philippine Peso = 281.17372 Indonesian Rupiah
1 Philippine Peso = 0.07968 Israeli Shekel
1 Philippine Peso = 1.41653 Indian Rupee
1 Philippine Peso = 23.60026 Iraqi Dinar
1 Philippine Peso = 646.124 Iran Rial
1 Philippine Peso = 2.60784 Iceland Krona
1 Philippine Peso = 2.62244 Jamaican Dollar
1 Philippine Peso = 0.01513 Jordanian Dinar
1 Philippine Peso = 2.2791 Japanese Yen
1 Philippine Peso = 2.1522 Kenyan Shilling
1 Philippine Peso = 1.46065 Kyrgyzstan Som
1 Philippine Peso = 86.22696 Cambodia Riel
1 Philippine Peso = 9.16688 Comoros Franc
1 Philippine Peso = 19.18547 North Korean Won
1 Philippine Peso = 24.43792 Korean Won
1 Philippine Peso = 0.00643 Kuwaiti Dinar
1 Philippine Peso = 0.01748 Cayman Islands Dollar
1 Philippine Peso = 6.97776 Kazakhstan Tenge
1 Philippine Peso = 172.88134 Lao Kip
1 Philippine Peso = 32.15058 Lebanese Pound
1 Philippine Peso = 3.10762 Sri Lanka Rupee
1 Philippine Peso = 1.80493 Liberian Dollar
1 Philippine Peso = 0.30352 Lesotho Loti
1 Philippine Peso = 0.06499 Lithuanian Lita
1 Philippine Peso = 0.01323 Latvian Lat
1 Philippine Peso = 0.02835 Libyan Dinar
1 Philippine Peso = 0.20459 Moroccan Dirham
1 Philippine Peso = 0.42208 Moldovan Leu
1 Philippine Peso = 1.16179 Macedonian Denar
1 Philippine Peso = 24.91766 Myanmar Kyat
1 Philippine Peso = 42.9115 Mongolian Tugrik
1 Philippine Peso = 0.17032 Macau Pataca
1 Philippine Peso = 7.33311 Mauritania Ougulya
1 Philippine Peso = 0.7461 Mauritius Rupee
1 Philippine Peso = 0.32637 Maldives Rufiyaa
1 Philippine Peso = 14.6335 Malawi Kwacha
1 Philippine Peso = 0.36603 Mexican Peso
1 Philippine Peso = 0.08354 Malaysian Ringgit
1 Philippine Peso = 0.30352 Namibian Dollar
1 Philippine Peso = 4.24319 Nigerian Naira
1 Philippine Peso = 0.60495 Nicaragua Cordoba
1 Philippine Peso = 0.17206 Norwegian Krone
1 Philippine Peso = 2.26235 Nepalese Rupee
1 Philippine Peso = 0.03055 New Zealand Dollar
1 Philippine Peso = 0.00821 Omani Rial
1 Philippine Peso = 0.02131 Panama Balboa
1 Philippine Peso = 0.06971 Peruvian Nuevo Sol
1 Philippine Peso = 0.06718 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.23393 Pakistani Rupee
1 Philippine Peso = 0.08151 Polish Zloty
1 Philippine Peso = 118.88703 Paraguayan Guarani
1 Philippine Peso = 0.07759 Qatar Rial
1 Philippine Peso = 0.08351 Romanian New Leu
1 Philippine Peso = 1.37827 Russian Rouble
1 Philippine Peso = 16.56921 Rwanda Franc
1 Philippine Peso = 0.07995 Saudi Arabian Riyal
1 Philippine Peso = 0.16803 Solomon Islands Dollar
1 Philippine Peso = 0.28142 Seychelles Rupee
1 Philippine Peso = 0.13002 Sudanese Pound
1 Philippine Peso = 0.17133 Swedish Krona
1 Philippine Peso = 0.02869 Singapore Dollar
1 Philippine Peso = 0.01496 St Helena Pound
1 Philippine Peso = 0.47337 Slovak Koruna
1 Philippine Peso = 84.13895 Sierra Leone Leone
1 Philippine Peso = 12.93847 Somali Shilling
1 Philippine Peso = 450.18706 Sao Tome Dobra
1 Philippine Peso = 0.18604 El Salvador Colon
1 Philippine Peso = 4.68673 Syrian Pound
1 Philippine Peso = 0.30352 Swaziland Lilageni
1 Philippine Peso = 0.74443 Thai Baht
1 Philippine Peso = 0.04256 Tunisian Dinar
1 Philippine Peso = 0.04668 Tonga Pa'ang
1 Philippine Peso = 0.0596 Turkish Lira
1 Philippine Peso = 0.14182 Trinidad Tobago Dollar
1 Philippine Peso = 0.6883 Taiwan Dollar
1 Philippine Peso = 46.58872 Tanzanian Shilling
1 Philippine Peso = 0.53559 Ukraine Hryvnia
1 Philippine Peso = 70.77307 Ugandan Shilling
1 Philippine Peso = 0.02132 United States Dollar
1 Philippine Peso = 0.67725 Uruguayan New Peso
1 Philippine Peso = 61.80386 Uzbekistan Sum
1 Philippine Peso = 0.21211 Venezuelan Bolivar
1 Philippine Peso = 475.16015 Vietnam Dong
1 Philippine Peso = 2.32336 Vanuatu Vatu
1 Philippine Peso = 0.054 Samoa Tala
1 Philippine Peso = 12.22251 CFA Franc (BEAC)
1 Philippine Peso = 0.05756 East Caribbean Dollar
1 Philippine Peso = 12.22251 CFA Franc (BCEAO)
1 Philippine Peso = 2.22352 Pacific Franc
1 Philippine Peso = 5.3293 Yemen Riyal
1 Philippine Peso = 0.3036 South African Rand
1 Philippine Peso = 110.62555 Zambian Kwacha
1 Philippine Peso = 7.71469 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
Twitter icon
Facebook icon
Google icon
LinkedIn icon
Pinterest icon
Reddit icon
Yahoo! icon
e-mail icon

Column of the Day

The evolution of Duterte’s BPI account

By ELLEN TORDESILLAS | April 29,2016
1 View(s) 0 Comment(s)
‘Cash on hand or in bank is considered assets that must be declared.’

Opinion of the Day

Extension workers

By AMADO P. MACASAET | April 29, 2016
283 View(s) 0 Comment(s)
`The ritualistic religious practices imposed by the Spanish friars when they were here for 370 years enslaved the minds of Filipinos.’
thought