January 28, 2015, 4:58 am
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1 Philippine Peso = 0.08321 UAE Dirham
1 Philippine Peso = 2.82234 Albanian Lek
1 Philippine Peso = 0.04055 Neth Antilles Guilder
1 Philippine Peso = 0.19532 Argentine Peso
1 Philippine Peso = 0.02863 Australian Dollar
1 Philippine Peso = 0.04055 Aruba Florin
1 Philippine Peso = 0.04531 Barbados Dollar
1 Philippine Peso = 1.75865 Bangladesh Taka
1 Philippine Peso = 0.03958 Bulgarian Lev
1 Philippine Peso = 0.00854 Bahraini Dinar
1 Philippine Peso = 35.56542 Burundi Franc
1 Philippine Peso = 0.02265 Bermuda Dollar
1 Philippine Peso = 0.03046 Brunei Dollar
1 Philippine Peso = 0.15653 Bolivian Boliviano
1 Philippine Peso = 0.05844 Brazilian Real
1 Philippine Peso = 0.02265 Bahamian Dollar
1 Philippine Peso = 1.39396 Bhutan Ngultrum
1 Philippine Peso = 0.21621 Botswana Pula
1 Philippine Peso = 343.195 Belarus Ruble
1 Philippine Peso = 0.04519 Belize Dollar
1 Philippine Peso = 0.02814 Canadian Dollar
1 Philippine Peso = 0.01996 Swiss Franc
1 Philippine Peso = 14.18664 Chilean Peso
1 Philippine Peso = 0.14122 Chinese Yuan
1 Philippine Peso = 54.03905 Colombian Peso
1 Philippine Peso = 12.14582 Costa Rica Colon
1 Philippine Peso = 0.02265 Cuban Peso
1 Philippine Peso = 2.22916 Cape Verde Escudo
1 Philippine Peso = 0.56016 Czech Koruna
1 Philippine Peso = 4.02104 Djibouti Franc
1 Philippine Peso = 0.15053 Danish Krone
1 Philippine Peso = 1.01033 Dominican Peso
1 Philippine Peso = 2.07389 Algerian Dinar
1 Philippine Peso = 0.31627 Estonian Kroon
1 Philippine Peso = 0.16783 Egyptian Pound
1 Philippine Peso = 0.45888 Ethiopian Birr
1 Philippine Peso = 0.02021 Euro
1 Philippine Peso = 0.04583 Fiji Dollar
1 Philippine Peso = 0.01496 Falkland Islands Pound
1 Philippine Peso = 0.01511 British Pound
1 Philippine Peso = 0.07419 Ghanaian Cedi
1 Philippine Peso = 0.96208 Gambian Dalasi
1 Philippine Peso = 159.25154 Guinea Franc
1 Philippine Peso = 0.17315 Guatemala Quetzal
1 Philippine Peso = 4.69396 Guyana Dollar
1 Philippine Peso = 0.17562 Hong Kong Dollar
1 Philippine Peso = 0.47572 Honduras Lempira
1 Philippine Peso = 0.15578 Croatian Kuna
1 Philippine Peso = 1.06111 Haiti Gourde
1 Philippine Peso = 6.26053 Hungarian Forint
1 Philippine Peso = 282.58541 Indonesian Rupiah
1 Philippine Peso = 0.09077 Israeli Shekel
1 Philippine Peso = 1.39081 Indian Rupee
1 Philippine Peso = 26.84397 Iraqi Dinar
1 Philippine Peso = 621.12631 Iran Rial
1 Philippine Peso = 3.061 Iceland Krona
1 Philippine Peso = 2.61066 Jamaican Dollar
1 Philippine Peso = 0.01606 Jordanian Dinar
1 Philippine Peso = 2.66548 Japanese Yen
1 Philippine Peso = 2.07841 Kenyan Shilling
1 Philippine Peso = 1.35692 Kyrgyzstan Som
1 Philippine Peso = 91.73048 Cambodia Riel
1 Philippine Peso = 9.94611 Comoros Franc
1 Philippine Peso = 20.38782 North Korean Won
1 Philippine Peso = 24.41657 Korean Won
1 Philippine Peso = 0.0067 Kuwaiti Dinar
1 Philippine Peso = 0.01858 Cayman Islands Dollar
1 Philippine Peso = 4.17826 Kazakhstan Tenge
1 Philippine Peso = 183.21516 Lao Kip
1 Philippine Peso = 34.21756 Lebanese Pound
1 Philippine Peso = 2.9875 Sri Lanka Rupee
1 Philippine Peso = 1.9162 Liberian Dollar
1 Philippine Peso = 0.25846 Lesotho Loti
1 Philippine Peso = 0.06646 Lithuanian Lita
1 Philippine Peso = 0.01421 Latvian Lat
1 Philippine Peso = 0.03069 Libyan Dinar
1 Philippine Peso = 0.21853 Moroccan Dirham
1 Philippine Peso = 0.39903 Moldovan Leu
1 Philippine Peso = 1.21557 Macedonian Denar
1 Philippine Peso = 23.23532 Myanmar Kyat
1 Philippine Peso = 43.99239 Mongolian Tugrik
1 Philippine Peso = 0.18088 Macau Pataca
1 Philippine Peso = 6.61472 Mauritania Ougulya
1 Philippine Peso = 0.74302 Mauritius Rupee
1 Philippine Peso = 0.34818 Maldives Rufiyaa
1 Philippine Peso = 10.25791 Malawi Kwacha
1 Philippine Peso = 0.3321 Mexican Peso
1 Philippine Peso = 0.08161 Malaysian Ringgit
1 Philippine Peso = 0.25846 Namibian Dollar
1 Philippine Peso = 4.33354 Nigerian Naira
1 Philippine Peso = 0.60439 Nicaragua Cordoba
1 Philippine Peso = 0.17604 Norwegian Krone
1 Philippine Peso = 2.23034 Nepalese Rupee
1 Philippine Peso = 0.03038 New Zealand Dollar
1 Philippine Peso = 0.00872 Omani Rial
1 Philippine Peso = 0.02265 Panama Balboa
1 Philippine Peso = 0.0684 Peruvian Nuevo Sol
1 Philippine Peso = 0.05909 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28536 Pakistani Rupee
1 Philippine Peso = 0.08499 Polish Zloty
1 Philippine Peso = 109.17169 Paraguayan Guarani
1 Philippine Peso = 0.08251 Qatar Rial
1 Philippine Peso = 0.09056 Romanian New Leu
1 Philippine Peso = 1.45092 Russian Rouble
1 Philippine Peso = 15.85719 Rwanda Franc
1 Philippine Peso = 0.08518 Saudi Arabian Riyal
1 Philippine Peso = 0.17403 Solomon Islands Dollar
1 Philippine Peso = 0.31941 Seychelles Rupee
1 Philippine Peso = 0.12895 Sudanese Pound
1 Philippine Peso = 0.18885 Swedish Krona
1 Philippine Peso = 0.03046 Singapore Dollar
1 Philippine Peso = 0.01509 St Helena Pound
1 Philippine Peso = 0.50304 Slovak Koruna
1 Philippine Peso = 95.13977 Sierra Leone Leone
1 Philippine Peso = 15.97273 Somali Shilling
1 Philippine Peso = 495.27682 Sao Tome Dobra
1 Philippine Peso = 0.1981 El Salvador Colon
1 Philippine Peso = 4.1342 Syrian Pound
1 Philippine Peso = 0.25846 Swaziland Lilageni
1 Philippine Peso = 0.73753 Thai Baht
1 Philippine Peso = 0.04416 Tunisian Dinar
1 Philippine Peso = 0.04463 Tonga Pa'ang
1 Philippine Peso = 0.05324 Turkish Lira
1 Philippine Peso = 0.14341 Trinidad Tobago Dollar
1 Philippine Peso = 0.70814 Taiwan Dollar
1 Philippine Peso = 41.13696 Tanzanian Shilling
1 Philippine Peso = 0.35832 Ukraine Hryvnia
1 Philippine Peso = 64.6747 Ugandan Shilling
1 Philippine Peso = 0.02265 United States Dollar
1 Philippine Peso = 0.55444 Uruguayan New Peso
1 Philippine Peso = 55.05097 Uzbekistan Sum
1 Philippine Peso = 0.14385 Venezuelan Bolivar
1 Philippine Peso = 483.64444 Vietnam Dong
1 Philippine Peso = 2.37178 Vanuatu Vatu
1 Philippine Peso = 0.05592 Samoa Tala
1 Philippine Peso = 13.26148 CFA Franc (BEAC)
1 Philippine Peso = 0.06116 East Caribbean Dollar
1 Philippine Peso = 13.26148 CFA Franc (BCEAO)
1 Philippine Peso = 2.41253 Pacific Franc
1 Philippine Peso = 4.87224 Yemen Riyal
1 Philippine Peso = 0.25846 South African Rand
1 Philippine Peso = 117.55845 Zambian Kwacha
1 Philippine Peso = 8.19817 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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