September 22, 2014, 10:12 am
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1 Philippine Peso = 0.08257 UAE Dirham
1 Philippine Peso = 2.43761 Albanian Lek
1 Philippine Peso = 0.04024 Neth Antilles Guilder
1 Philippine Peso = 0.18889 Argentine Peso
1 Philippine Peso = 0.02509 Australian Dollar
1 Philippine Peso = 0.04024 Aruba Florin
1 Philippine Peso = 0.04496 Barbados Dollar
1 Philippine Peso = 1.74011 Bangladesh Taka
1 Philippine Peso = 0.03427 Bulgarian Lev
1 Philippine Peso = 0.00848 Bahraini Dinar
1 Philippine Peso = 34.66727 Burundi Franc
1 Philippine Peso = 0.02248 Bermuda Dollar
1 Philippine Peso = 0.0285 Brunei Dollar
1 Philippine Peso = 0.15535 Bolivian Boliviano
1 Philippine Peso = 0.0532 Brazilian Real
1 Philippine Peso = 0.02248 Bahamian Dollar
1 Philippine Peso = 1.36747 Bhutan Ngultrum
1 Philippine Peso = 0.20494 Botswana Pula
1 Philippine Peso = 236.84802 Belarus Ruble
1 Philippine Peso = 0.04485 Belize Dollar
1 Philippine Peso = 0.02462 Canadian Dollar
1 Philippine Peso = 0.02101 Swiss Franc
1 Philippine Peso = 13.43076 Chilean Peso
1 Philippine Peso = 0.13802 Chinese Yuan
1 Philippine Peso = 44.59308 Colombian Peso
1 Philippine Peso = 12.18413 Costa Rica Colon
1 Philippine Peso = 0.02248 Cuban Peso
1 Philippine Peso = 1.90153 Cape Verde Escudo
1 Philippine Peso = 0.47907 Czech Koruna
1 Philippine Peso = 4.07374 Djibouti Franc
1 Philippine Peso = 0.12962 Danish Krone
1 Philippine Peso = 0.98291 Dominican Peso
1 Philippine Peso = 1.82048 Algerian Dinar
1 Philippine Peso = 0.27241 Estonian Kroon
1 Philippine Peso = 0.1607 Egyptian Pound
1 Philippine Peso = 0.44818 Ethiopian Birr
1 Philippine Peso = 0.01741 Euro
1 Philippine Peso = 0.04269 Fiji Dollar
1 Philippine Peso = 0.01368 Falkland Islands Pound
1 Philippine Peso = 0.01367 British Pound
1 Philippine Peso = 0.07762 Ghanaian Cedi
1 Philippine Peso = 0.89029 Gambian Dalasi
1 Philippine Peso = 157.82374 Guinea Franc
1 Philippine Peso = 0.17355 Guatemala Quetzal
1 Philippine Peso = 4.62455 Guyana Dollar
1 Philippine Peso = 0.17426 Hong Kong Dollar
1 Philippine Peso = 0.47599 Honduras Lempira
1 Philippine Peso = 0.13282 Croatian Kuna
1 Philippine Peso = 1.0234 Haiti Gourde
1 Philippine Peso = 5.42525 Hungarian Forint
1 Philippine Peso = 270.03147 Indonesian Rupiah
1 Philippine Peso = 0.0819 Israeli Shekel
1 Philippine Peso = 1.36634 Indian Rupee
1 Philippine Peso = 26.11286 Iraqi Dinar
1 Philippine Peso = 599.5054 Iran Rial
1 Philippine Peso = 2.68683 Iceland Krona
1 Philippine Peso = 2.52878 Jamaican Dollar
1 Philippine Peso = 0.01594 Jordanian Dinar
1 Philippine Peso = 2.4523 Japanese Yen
1 Philippine Peso = 2.00315 Kenyan Shilling
1 Philippine Peso = 1.21082 Kyrgyzstan Som
1 Philippine Peso = 91.38939 Cambodia Riel
1 Philippine Peso = 8.56203 Comoros Franc
1 Philippine Peso = 20.23381 North Korean Won
1 Philippine Peso = 23.47122 Korean Won
1 Philippine Peso = 0.00645 Kuwaiti Dinar
1 Philippine Peso = 0.01844 Cayman Islands Dollar
1 Philippine Peso = 4.09049 Kazakhstan Tenge
1 Philippine Peso = 180.92401 Lao Kip
1 Philippine Peso = 34.00405 Lebanese Pound
1 Philippine Peso = 2.92884 Sri Lanka Rupee
1 Philippine Peso = 1.89973 Liberian Dollar
1 Philippine Peso = 0.24955 Lesotho Loti
1 Philippine Peso = 0.06011 Lithuanian Lita
1 Philippine Peso = 0.01223 Latvian Lat
1 Philippine Peso = 0.02751 Libyan Dinar
1 Philippine Peso = 0.19375 Moroccan Dirham
1 Philippine Peso = 0.32374 Moldovan Leu
1 Philippine Peso = 1.07419 Macedonian Denar
1 Philippine Peso = 22.1223 Myanmar Kyat
1 Philippine Peso = 41.13085 Mongolian Tugrik
1 Philippine Peso = 0.17949 Macau Pataca
1 Philippine Peso = 6.53103 Mauritania Ougulya
1 Philippine Peso = 0.70255 Mauritius Rupee
1 Philippine Peso = 0.34577 Maldives Rufiyaa
1 Philippine Peso = 8.95481 Malawi Kwacha
1 Philippine Peso = 0.29789 Mexican Peso
1 Philippine Peso = 0.07276 Malaysian Ringgit
1 Philippine Peso = 0.24829 Namibian Dollar
1 Philippine Peso = 3.67693 Nigerian Naira
1 Philippine Peso = 0.59139 Nicaragua Cordoba
1 Philippine Peso = 0.14216 Norwegian Krone
1 Philippine Peso = 2.19312 Nepalese Rupee
1 Philippine Peso = 0.02762 New Zealand Dollar
1 Philippine Peso = 0.00866 Omani Rial
1 Philippine Peso = 0.02248 Panama Balboa
1 Philippine Peso = 0.06432 Peruvian Nuevo Sol
1 Philippine Peso = 0.05567 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.31025 Pakistani Rupee
1 Philippine Peso = 0.07311 Polish Zloty
1 Philippine Peso = 96.961 Paraguayan Guarani
1 Philippine Peso = 0.08187 Qatar Rial
1 Philippine Peso = 0.07672 Romanian New Leu
1 Philippine Peso = 0.86464 Russian Rouble
1 Philippine Peso = 15.46763 Rwanda Franc
1 Philippine Peso = 0.08433 Saudi Arabian Riyal
1 Philippine Peso = 0.16532 Solomon Islands Dollar
1 Philippine Peso = 0.29342 Seychelles Rupee
1 Philippine Peso = 0.12798 Sudanese Pound
1 Philippine Peso = 0.15944 Swedish Krona
1 Philippine Peso = 0.0285 Singapore Dollar
1 Philippine Peso = 0.01368 St Helena Pound
1 Philippine Peso = 0.49924 Slovak Koruna
1 Philippine Peso = 98.06655 Sierra Leone Leone
1 Philippine Peso = 18.54766 Somali Shilling
1 Philippine Peso = 426.82104 Sao Tome Dobra
1 Philippine Peso = 0.19665 El Salvador Colon
1 Philippine Peso = 3.53979 Syrian Pound
1 Philippine Peso = 0.24813 Swaziland Lilageni
1 Philippine Peso = 0.72504 Thai Baht
1 Philippine Peso = 0.03994 Tunisian Dinar
1 Philippine Peso = 0.04326 Tonga Pa'ang
1 Philippine Peso = 0.05017 Turkish Lira
1 Philippine Peso = 0.1427 Trinidad Tobago Dollar
1 Philippine Peso = 0.68011 Taiwan Dollar
1 Philippine Peso = 37.46628 Tanzanian Shilling
1 Philippine Peso = 0.30193 Ukraine Hryvnia
1 Philippine Peso = 58.72302 Ugandan Shilling
1 Philippine Peso = 0.02248 United States Dollar
1 Philippine Peso = 0.54586 Uruguayan New Peso
1 Philippine Peso = 53.04766 Uzbekistan Sum
1 Philippine Peso = 0.14136 Venezuelan Bolivar
1 Philippine Peso = 476.50629 Vietnam Dong
1 Philippine Peso = 2.17401 Vanuatu Vatu
1 Philippine Peso = 0.05316 Samoa Tala
1 Philippine Peso = 11.41604 CFA Franc (BEAC)
1 Philippine Peso = 0.0607 East Caribbean Dollar
1 Philippine Peso = 11.46133 CFA Franc (BCEAO)
1 Philippine Peso = 2.08183 Pacific Franc
1 Philippine Peso = 4.8315 Yemen Riyal
1 Philippine Peso = 0.24942 South African Rand
1 Philippine Peso = 116.67041 Zambian Kwacha
1 Philippine Peso = 8.13624 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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