September 24, 2014, 12:25 pm
Facebook iconTwitter iconLinkedIn iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.08234 UAE Dirham
1 Philippine Peso = 2.44788 Albanian Lek
1 Philippine Peso = 0.04013 Neth Antilles Guilder
1 Philippine Peso = 0.18902 Argentine Peso
1 Philippine Peso = 0.02526 Australian Dollar
1 Philippine Peso = 0.04013 Aruba Florin
1 Philippine Peso = 0.04483 Barbados Dollar
1 Philippine Peso = 1.73459 Bangladesh Taka
1 Philippine Peso = 0.03417 Bulgarian Lev
1 Philippine Peso = 0.00845 Bahraini Dinar
1 Philippine Peso = 34.70074 Burundi Franc
1 Philippine Peso = 0.02242 Bermuda Dollar
1 Philippine Peso = 0.02847 Brunei Dollar
1 Philippine Peso = 0.1549 Bolivian Boliviano
1 Philippine Peso = 0.05371 Brazilian Real
1 Philippine Peso = 0.02242 Bahamian Dollar
1 Philippine Peso = 1.36371 Bhutan Ngultrum
1 Philippine Peso = 0.20509 Botswana Pula
1 Philippine Peso = 236.26989 Belarus Ruble
1 Philippine Peso = 0.04472 Belize Dollar
1 Philippine Peso = 0.02473 Canadian Dollar
1 Philippine Peso = 0.02108 Swiss Franc
1 Philippine Peso = 13.47994 Chilean Peso
1 Philippine Peso = 0.13765 Chinese Yuan
1 Philippine Peso = 44.88904 Colombian Peso
1 Philippine Peso = 12.14078 Costa Rica Colon
1 Philippine Peso = 0.02242 Cuban Peso
1 Philippine Peso = 1.90092 Cape Verde Escudo
1 Philippine Peso = 0.48028 Czech Koruna
1 Philippine Peso = 4.06187 Djibouti Franc
1 Philippine Peso = 0.12998 Danish Krone
1 Philippine Peso = 0.9805 Dominican Peso
1 Philippine Peso = 1.82504 Algerian Dinar
1 Philippine Peso = 0.27323 Estonian Kroon
1 Philippine Peso = 0.16025 Egyptian Pound
1 Philippine Peso = 0.44709 Ethiopian Birr
1 Philippine Peso = 0.01746 Euro
1 Philippine Peso = 0.04207 Fiji Dollar
1 Philippine Peso = 0.01372 Falkland Islands Pound
1 Philippine Peso = 0.01371 British Pound
1 Philippine Peso = 0.07291 Ghanaian Cedi
1 Philippine Peso = 0.88881 Gambian Dalasi
1 Philippine Peso = 157.58798 Guinea Franc
1 Philippine Peso = 0.17302 Guatemala Quetzal
1 Philippine Peso = 4.67272 Guyana Dollar
1 Philippine Peso = 0.17376 Hong Kong Dollar
1 Philippine Peso = 0.47494 Honduras Lempira
1 Philippine Peso = 0.13314 Croatian Kuna
1 Philippine Peso = 1.02041 Haiti Gourde
1 Philippine Peso = 5.45416 Hungarian Forint
1 Philippine Peso = 268.77382 Indonesian Rupiah
1 Philippine Peso = 0.08216 Israeli Shekel
1 Philippine Peso = 1.36785 Indian Rupee
1 Philippine Peso = 26.02668 Iraqi Dinar
1 Philippine Peso = 597.91527 Iran Rial
1 Philippine Peso = 2.68774 Iceland Krona
1 Philippine Peso = 2.5241 Jamaican Dollar
1 Philippine Peso = 0.01589 Jordanian Dinar
1 Philippine Peso = 2.43903 Japanese Yen
1 Philippine Peso = 1.99283 Kenyan Shilling
1 Philippine Peso = 1.21073 Kyrgyzstan Som
1 Philippine Peso = 91.62744 Cambodia Riel
1 Philippine Peso = 8.59496 Comoros Franc
1 Philippine Peso = 20.17485 North Korean Won
1 Philippine Peso = 23.40899 Korean Won
1 Philippine Peso = 0.00644 Kuwaiti Dinar
1 Philippine Peso = 0.01838 Cayman Islands Dollar
1 Philippine Peso = 4.07935 Kazakhstan Tenge
1 Philippine Peso = 180.37436 Lao Kip
1 Philippine Peso = 33.92737 Lebanese Pound
1 Philippine Peso = 2.92076 Sri Lanka Rupee
1 Philippine Peso = 1.89419 Liberian Dollar
1 Philippine Peso = 0.25073 Lesotho Loti
1 Philippine Peso = 0.06029 Lithuanian Lita
1 Philippine Peso = 0.01227 Latvian Lat
1 Philippine Peso = 0.0274 Libyan Dinar
1 Philippine Peso = 0.19397 Moroccan Dirham
1 Philippine Peso = 0.32201 Moldovan Leu
1 Philippine Peso = 1.07397 Macedonian Denar
1 Philippine Peso = 22.1475 Myanmar Kyat
1 Philippine Peso = 41.14548 Mongolian Tugrik
1 Philippine Peso = 0.17897 Macau Pataca
1 Philippine Peso = 6.51199 Mauritania Ougulya
1 Philippine Peso = 0.71172 Mauritius Rupee
1 Philippine Peso = 0.34432 Maldives Rufiyaa
1 Philippine Peso = 8.95035 Malawi Kwacha
1 Philippine Peso = 0.29756 Mexican Peso
1 Philippine Peso = 0.07273 Malaysian Ringgit
1 Philippine Peso = 0.25062 Namibian Dollar
1 Philippine Peso = 3.66958 Nigerian Naira
1 Philippine Peso = 0.58832 Nicaragua Cordoba
1 Philippine Peso = 0.14231 Norwegian Krone
1 Philippine Peso = 2.18292 Nepalese Rupee
1 Philippine Peso = 0.02759 New Zealand Dollar
1 Philippine Peso = 0.00863 Omani Rial
1 Philippine Peso = 0.02242 Panama Balboa
1 Philippine Peso = 0.06443 Peruvian Nuevo Sol
1 Philippine Peso = 0.05615 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.30442 Pakistani Rupee
1 Philippine Peso = 0.07298 Polish Zloty
1 Philippine Peso = 97.79523 Paraguayan Guarani
1 Philippine Peso = 0.08163 Qatar Rial
1 Philippine Peso = 0.07681 Romanian New Leu
1 Philippine Peso = 0.86705 Russian Rouble
1 Philippine Peso = 15.42255 Rwanda Franc
1 Philippine Peso = 0.08408 Saudi Arabian Riyal
1 Philippine Peso = 0.16447 Solomon Islands Dollar
1 Philippine Peso = 0.29433 Seychelles Rupee
1 Philippine Peso = 0.12738 Sudanese Pound
1 Philippine Peso = 0.16035 Swedish Krona
1 Philippine Peso = 0.02847 Singapore Dollar
1 Philippine Peso = 0.01372 St Helena Pound
1 Philippine Peso = 0.49778 Slovak Koruna
1 Philippine Peso = 97.6911 Sierra Leone Leone
1 Philippine Peso = 18.71778 Somali Shilling
1 Philippine Peso = 428.15512 Sao Tome Dobra
1 Philippine Peso = 0.19608 El Salvador Colon
1 Philippine Peso = 3.5631 Syrian Pound
1 Philippine Peso = 0.24909 Swaziland Lilageni
1 Philippine Peso = 0.72304 Thai Baht
1 Philippine Peso = 0.03995 Tunisian Dinar
1 Philippine Peso = 0.04314 Tonga Pa'ang
1 Philippine Peso = 0.05029 Turkish Lira
1 Philippine Peso = 0.14228 Trinidad Tobago Dollar
1 Philippine Peso = 0.67989 Taiwan Dollar
1 Philippine Peso = 37.44676 Tanzanian Shilling
1 Philippine Peso = 0.3025 Ukraine Hryvnia
1 Philippine Peso = 58.73123 Ugandan Shilling
1 Philippine Peso = 0.02242 United States Dollar
1 Philippine Peso = 0.54629 Uruguayan New Peso
1 Philippine Peso = 52.98072 Uzbekistan Sum
1 Philippine Peso = 0.14122 Venezuelan Bolivar
1 Philippine Peso = 475.22977 Vietnam Dong
1 Philippine Peso = 2.16947 Vanuatu Vatu
1 Philippine Peso = 0.053 Samoa Tala
1 Philippine Peso = 11.45995 CFA Franc (BEAC)
1 Philippine Peso = 0.06052 East Caribbean Dollar
1 Philippine Peso = 11.4638 CFA Franc (BCEAO)
1 Philippine Peso = 2.09594 Pacific Franc
1 Philippine Peso = 4.8163 Yemen Riyal
1 Philippine Peso = 0.25046 South African Rand
1 Philippine Peso = 116.33042 Zambian Kwacha
1 Philippine Peso = 8.11253 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

Column of the Day

NDRRMC needs more risk reduction

By DUCKY PAREDES | September 24,2014
0 View(s) 0 Comment(s)

“If we had less trash on our streets and roads and if our canals were free from trash, this would be a plus in Risk Reduction efforts but it would mean a re-education of the Filipino who would have to be convinced to keep his trash safe from flood waters and the elements.”

Opinion of the Day

Search for truth or getting votes?

By AMADO P. MACASAET | September 24, 2014
0 View(s) 0 Comment(s)

‘There is absolutely no sense making the public believe that the suspect is guilty before he could even be charged in the Sandiganbayan.’

thought