July 3, 2015, 12:30 am
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1 Philippine Peso = 0.08156 UAE Dirham
1 Philippine Peso = 2.79593 Albanian Lek
1 Philippine Peso = 0.03975 Neth Antilles Guilder
1 Philippine Peso = 0.20197 Argentine Peso
1 Philippine Peso = 0.02879 Australian Dollar
1 Philippine Peso = 0.03975 Aruba Florin
1 Philippine Peso = 0.04441 Barbados Dollar
1 Philippine Peso = 1.735 Bangladesh Taka
1 Philippine Peso = 0.03899 Bulgarian Lev
1 Philippine Peso = 0.00838 Bahraini Dinar
1 Philippine Peso = 35.00611 Burundi Franc
1 Philippine Peso = 0.0222 Bermuda Dollar
1 Philippine Peso = 0.02991 Brunei Dollar
1 Philippine Peso = 0.15299 Bolivian Boliviano
1 Philippine Peso = 0.06907 Brazilian Real
1 Philippine Peso = 0.0222 Bahamian Dollar
1 Philippine Peso = 1.41401 Bhutan Ngultrum
1 Philippine Peso = 0.22092 Botswana Pula
1 Philippine Peso = 339.95781 Belarus Ruble
1 Philippine Peso = 0.04474 Belize Dollar
1 Philippine Peso = 0.02773 Canadian Dollar
1 Philippine Peso = 0.02075 Swiss Franc
1 Philippine Peso = 14.18441 Chilean Peso
1 Philippine Peso = 0.13784 Chinese Yuan
1 Philippine Peso = 57.83813 Colombian Peso
1 Philippine Peso = 11.85078 Costa Rica Colon
1 Philippine Peso = 0.0222 Cuban Peso
1 Philippine Peso = 2.19907 Cape Verde Escudo
1 Philippine Peso = 0.54337 Czech Koruna
1 Philippine Peso = 3.93205 Djibouti Franc
1 Philippine Peso = 0.1487 Danish Krone
1 Philippine Peso = 0.997 Dominican Peso
1 Philippine Peso = 2.1994 Algerian Dinar
1 Philippine Peso = 0.31189 Estonian Kroon
1 Philippine Peso = 0.16967 Egyptian Pound
1 Philippine Peso = 0.45895 Ethiopian Birr
1 Philippine Peso = 0.01993 Euro
1 Philippine Peso = 0.04652 Fiji Dollar
1 Philippine Peso = 0.01417 Falkland Islands Pound
1 Philippine Peso = 0.01414 British Pound
1 Philippine Peso = 0.09682 Ghanaian Cedi
1 Philippine Peso = 0.87488 Gambian Dalasi
1 Philippine Peso = 168.8298 Guinea Franc
1 Philippine Peso = 0.16935 Guatemala Quetzal
1 Philippine Peso = 4.60109 Guyana Dollar
1 Philippine Peso = 0.17214 Hong Kong Dollar
1 Philippine Peso = 0.4864 Honduras Lempira
1 Philippine Peso = 0.15131 Croatian Kuna
1 Philippine Peso = 1.13698 Haiti Gourde
1 Philippine Peso = 6.28167 Hungarian Forint
1 Philippine Peso = 296.33618 Indonesian Rupiah
1 Philippine Peso = 0.08378 Israeli Shekel
1 Philippine Peso = 1.41381 Indian Rupee
1 Philippine Peso = 26.4572 Iraqi Dinar
1 Philippine Peso = 651.02698 Iran Rial
1 Philippine Peso = 2.93583 Iceland Krona
1 Philippine Peso = 2.59055 Jamaican Dollar
1 Philippine Peso = 0.01574 Jordanian Dinar
1 Philippine Peso = 2.72109 Japanese Yen
1 Philippine Peso = 2.20813 Kenyan Shilling
1 Philippine Peso = 1.37846 Kyrgyzstan Som
1 Philippine Peso = 91.28345 Cambodia Riel
1 Philippine Peso = 9.8115 Comoros Franc
1 Philippine Peso = 19.98446 North Korean Won
1 Philippine Peso = 24.85067 Korean Won
1 Philippine Peso = 0.00672 Kuwaiti Dinar
1 Philippine Peso = 0.01821 Cayman Islands Dollar
1 Philippine Peso = 4.13501 Kazakhstan Tenge
1 Philippine Peso = 180.13656 Lao Kip
1 Philippine Peso = 33.51837 Lebanese Pound
1 Philippine Peso = 2.98501 Sri Lanka Rupee
1 Philippine Peso = 1.87987 Liberian Dollar
1 Philippine Peso = 0.26996 Lesotho Loti
1 Philippine Peso = 0.0677 Lithuanian Lita
1 Philippine Peso = 0.01378 Latvian Lat
1 Philippine Peso = 0.03049 Libyan Dinar
1 Philippine Peso = 0.21581 Moroccan Dirham
1 Philippine Peso = 0.42095 Moldovan Leu
1 Philippine Peso = 1.23038 Macedonian Denar
1 Philippine Peso = 24.82514 Myanmar Kyat
1 Philippine Peso = 43.33296 Mongolian Tugrik
1 Philippine Peso = 0.1773 Macau Pataca
1 Philippine Peso = 7.26102 Mauritania Ougulya
1 Philippine Peso = 0.77606 Mauritius Rupee
1 Philippine Peso = 0.34218 Maldives Rufiyaa
1 Philippine Peso = 9.83602 Malawi Kwacha
1 Philippine Peso = 0.34955 Mexican Peso
1 Philippine Peso = 0.08306 Malaysian Ringgit
1 Philippine Peso = 0.26996 Namibian Dollar
1 Philippine Peso = 4.4199 Nigerian Naira
1 Philippine Peso = 0.60516 Nicaragua Cordoba
1 Philippine Peso = 0.17436 Norwegian Krone
1 Philippine Peso = 2.26242 Nepalese Rupee
1 Philippine Peso = 0.03273 New Zealand Dollar
1 Philippine Peso = 0.00855 Omani Rial
1 Philippine Peso = 0.0222 Panama Balboa
1 Philippine Peso = 0.0706 Peruvian Nuevo Sol
1 Philippine Peso = 0.06078 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.25991 Pakistani Rupee
1 Philippine Peso = 0.08356 Polish Zloty
1 Philippine Peso = 115.11047 Paraguayan Guarani
1 Philippine Peso = 0.08095 Qatar Rial
1 Philippine Peso = 0.0892 Romanian New Leu
1 Philippine Peso = 1.22998 Russian Rouble
1 Philippine Peso = 16.05418 Rwanda Franc
1 Philippine Peso = 0.08328 Saudi Arabian Riyal
1 Philippine Peso = 0.17554 Solomon Islands Dollar
1 Philippine Peso = 0.30063 Seychelles Rupee
1 Philippine Peso = 0.13267 Sudanese Pound
1 Philippine Peso = 0.18423 Swedish Krona
1 Philippine Peso = 0.02988 Singapore Dollar
1 Philippine Peso = 0.01412 St Helena Pound
1 Philippine Peso = 0.49308 Slovak Koruna
1 Philippine Peso = 94.59309 Sierra Leone Leone
1 Philippine Peso = 15.35361 Somali Shilling
1 Philippine Peso = 488.58665 Sao Tome Dobra
1 Philippine Peso = 0.19407 El Salvador Colon
1 Philippine Peso = 4.19278 Syrian Pound
1 Philippine Peso = 0.26996 Swaziland Lilageni
1 Philippine Peso = 0.75008 Thai Baht
1 Philippine Peso = 0.0433 Tunisian Dinar
1 Philippine Peso = 0.04611 Tonga Pa'ang
1 Philippine Peso = 0.05949 Turkish Lira
1 Philippine Peso = 0.14106 Trinidad Tobago Dollar
1 Philippine Peso = 0.68596 Taiwan Dollar
1 Philippine Peso = 44.49095 Tanzanian Shilling
1 Philippine Peso = 0.46653 Ukraine Hryvnia
1 Philippine Peso = 73.34296 Ugandan Shilling
1 Philippine Peso = 0.0222 United States Dollar
1 Philippine Peso = 0.60109 Uruguayan New Peso
1 Philippine Peso = 56.74698 Uzbekistan Sum
1 Philippine Peso = 0.141 Venezuelan Bolivar
1 Philippine Peso = 484.94504 Vietnam Dong
1 Philippine Peso = 2.41434 Vanuatu Vatu
1 Philippine Peso = 0.05662 Samoa Tala
1 Philippine Peso = 13.08199 CFA Franc (BEAC)
1 Philippine Peso = 0.05995 East Caribbean Dollar
1 Philippine Peso = 13.08199 CFA Franc (BCEAO)
1 Philippine Peso = 2.37988 Pacific Franc
1 Philippine Peso = 4.77162 Yemen Riyal
1 Philippine Peso = 0.27013 South African Rand
1 Philippine Peso = 115.2326 Zambian Kwacha
1 Philippine Peso = 8.03597 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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