November 27, 2014, 10:41 am
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1 Philippine Peso = 0.08166 UAE Dirham
1 Philippine Peso = 2.49378 Albanian Lek
1 Philippine Peso = 0.0398 Neth Antilles Guilder
1 Philippine Peso = 0.18946 Argentine Peso
1 Philippine Peso = 0.02601 Australian Dollar
1 Philippine Peso = 0.0398 Aruba Florin
1 Philippine Peso = 0.04446 Barbados Dollar
1 Philippine Peso = 1.71921 Bangladesh Taka
1 Philippine Peso = 0.03497 Bulgarian Lev
1 Philippine Peso = 0.00838 Bahraini Dinar
1 Philippine Peso = 34.2819 Burundi Franc
1 Philippine Peso = 0.02223 Bermuda Dollar
1 Philippine Peso = 0.02885 Brunei Dollar
1 Philippine Peso = 0.15362 Bolivian Boliviano
1 Philippine Peso = 0.05558 Brazilian Real
1 Philippine Peso = 0.02223 Bahamian Dollar
1 Philippine Peso = 1.37567 Bhutan Ngultrum
1 Philippine Peso = 0.20415 Botswana Pula
1 Philippine Peso = 242.32992 Belarus Ruble
1 Philippine Peso = 0.04435 Belize Dollar
1 Philippine Peso = 0.02501 Canadian Dollar
1 Philippine Peso = 0.02137 Swiss Franc
1 Philippine Peso = 13.32125 Chilean Peso
1 Philippine Peso = 0.13648 Chinese Yuan
1 Philippine Peso = 48.1325 Colombian Peso
1 Philippine Peso = 11.95087 Costa Rica Colon
1 Philippine Peso = 0.02223 Cuban Peso
1 Philippine Peso = 1.93753 Cape Verde Escudo
1 Philippine Peso = 0.4901 Czech Koruna
1 Philippine Peso = 4.04624 Djibouti Franc
1 Philippine Peso = 0.13226 Danish Krone
1 Philippine Peso = 0.98032 Dominican Peso
1 Philippine Peso = 1.90874 Algerian Dinar
1 Philippine Peso = 0.27815 Estonian Kroon
1 Philippine Peso = 0.15899 Egyptian Pound
1 Philippine Peso = 0.44722 Ethiopian Birr
1 Philippine Peso = 0.01778 Euro
1 Philippine Peso = 0.0433 Fiji Dollar
1 Philippine Peso = 0.01407 Falkland Islands Pound
1 Philippine Peso = 0.01408 British Pound
1 Philippine Peso = 0.07053 Ghanaian Cedi
1 Philippine Peso = 0.95843 Gambian Dalasi
1 Philippine Peso = 156.29169 Guinea Franc
1 Philippine Peso = 0.16953 Guatemala Quetzal
1 Philippine Peso = 4.57314 Guyana Dollar
1 Philippine Peso = 0.17239 Hong Kong Dollar
1 Philippine Peso = 0.47132 Honduras Lempira
1 Philippine Peso = 0.13643 Croatian Kuna
1 Philippine Peso = 1.03469 Haiti Gourde
1 Philippine Peso = 5.45643 Hungarian Forint
1 Philippine Peso = 271.6763 Indonesian Rupiah
1 Philippine Peso = 0.08611 Israeli Shekel
1 Philippine Peso = 1.37328 Indian Rupee
1 Philippine Peso = 25.81147 Iraqi Dinar
1 Philippine Peso = 596.70965 Iran Rial
1 Philippine Peso = 2.75033 Iceland Krona
1 Philippine Peso = 2.51556 Jamaican Dollar
1 Philippine Peso = 0.01568 Jordanian Dinar
1 Philippine Peso = 2.61727 Japanese Yen
1 Philippine Peso = 2.00311 Kenyan Shilling
1 Philippine Peso = 1.28004 Kyrgyzstan Som
1 Philippine Peso = 90.26234 Cambodia Riel
1 Philippine Peso = 8.74334 Comoros Franc
1 Philippine Peso = 20.00889 North Korean Won
1 Philippine Peso = 24.56092 Korean Won
1 Philippine Peso = 0.00647 Kuwaiti Dinar
1 Philippine Peso = 0.01823 Cayman Islands Dollar
1 Philippine Peso = 4.0229 Kazakhstan Tenge
1 Philippine Peso = 178.91285 Lao Kip
1 Philippine Peso = 33.64829 Lebanese Pound
1 Philippine Peso = 2.91518 Sri Lanka Rupee
1 Philippine Peso = 1.85638 Liberian Dollar
1 Philippine Peso = 0.24378 Lesotho Loti
1 Philippine Peso = 0.06138 Lithuanian Lita
1 Philippine Peso = 0.01132 Latvian Lat
1 Philippine Peso = 0.02673 Libyan Dinar
1 Philippine Peso = 0.19613 Moroccan Dirham
1 Philippine Peso = 0.33348 Moldovan Leu
1 Philippine Peso = 1.09815 Macedonian Denar
1 Philippine Peso = 22.98799 Myanmar Kyat
1 Philippine Peso = 41.96309 Mongolian Tugrik
1 Philippine Peso = 0.17757 Macau Pataca
1 Philippine Peso = 6.45843 Mauritania Ougulya
1 Philippine Peso = 0.7092 Mauritius Rupee
1 Philippine Peso = 0.34149 Maldives Rufiyaa
1 Philippine Peso = 10.93375 Malawi Kwacha
1 Philippine Peso = 0.3052 Mexican Peso
1 Philippine Peso = 0.0745 Malaysian Ringgit
1 Philippine Peso = 0.24395 Namibian Dollar
1 Philippine Peso = 3.93175 Nigerian Naira
1 Philippine Peso = 0.59093 Nicaragua Cordoba
1 Philippine Peso = 0.15179 Norwegian Krone
1 Philippine Peso = 2.21165 Nepalese Rupee
1 Philippine Peso = 0.02823 New Zealand Dollar
1 Philippine Peso = 0.00856 Omani Rial
1 Philippine Peso = 0.02223 Panama Balboa
1 Philippine Peso = 0.06485 Peruvian Nuevo Sol
1 Philippine Peso = 0.05666 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.26323 Pakistani Rupee
1 Philippine Peso = 0.07429 Polish Zloty
1 Philippine Peso = 103.22766 Paraguayan Guarani
1 Philippine Peso = 0.08095 Qatar Rial
1 Philippine Peso = 0.07852 Romanian New Leu
1 Philippine Peso = 1.05308 Russian Rouble
1 Philippine Peso = 15.31792 Rwanda Franc
1 Philippine Peso = 0.08343 Saudi Arabian Riyal
1 Philippine Peso = 0.16616 Solomon Islands Dollar
1 Philippine Peso = 0.31503 Seychelles Rupee
1 Philippine Peso = 0.12633 Sudanese Pound
1 Philippine Peso = 0.1645 Swedish Krona
1 Philippine Peso = 0.02885 Singapore Dollar
1 Philippine Peso = 0.01408 St Helena Pound
1 Philippine Peso = 0.49369 Slovak Koruna
1 Philippine Peso = 97.59893 Sierra Leone Leone
1 Philippine Peso = 17.11872 Somali Shilling
1 Philippine Peso = 436.63851 Sao Tome Dobra
1 Philippine Peso = 0.19445 El Salvador Colon
1 Philippine Peso = 3.78835 Syrian Pound
1 Philippine Peso = 0.24392 Swaziland Lilageni
1 Philippine Peso = 0.72832 Thai Baht
1 Philippine Peso = 0.04082 Tunisian Dinar
1 Philippine Peso = 0.04447 Tonga Pa'ang
1 Philippine Peso = 0.04914 Turkish Lira
1 Philippine Peso = 0.14111 Trinidad Tobago Dollar
1 Philippine Peso = 0.68688 Taiwan Dollar
1 Philippine Peso = 38.65051 Tanzanian Shilling
1 Philippine Peso = 0.33299 Ukraine Hryvnia
1 Philippine Peso = 61.69409 Ugandan Shilling
1 Philippine Peso = 0.02223 United States Dollar
1 Philippine Peso = 0.52401 Uruguayan New Peso
1 Philippine Peso = 53.38128 Uzbekistan Sum
1 Philippine Peso = 0.13979 Venezuelan Bolivar
1 Philippine Peso = 475.43353 Vietnam Dong
1 Philippine Peso = 2.20209 Vanuatu Vatu
1 Philippine Peso = 0.05437 Samoa Tala
1 Philippine Peso = 11.65778 CFA Franc (BEAC)
1 Philippine Peso = 0.06003 East Caribbean Dollar
1 Philippine Peso = 11.69075 CFA Franc (BCEAO)
1 Philippine Peso = 2.12428 Pacific Franc
1 Philippine Peso = 4.77779 Yemen Riyal
1 Philippine Peso = 0.24361 South African Rand
1 Philippine Peso = 115.3735 Zambian Kwacha
1 Philippine Peso = 8.0458 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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