Ex-Blue Eagle Geo Chiu signs with Ehime in Japan B.League
MANILA, Philippines -- Another Filipino is heading to Japan to play pro basketball.
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Kris Aquino to Ogie Diaz: 'Hindi ka mean sa mga tao'
MANILA, Philippines — Kris Aquino and her son James, more popularly known as Bimby, remarked on entertainment host Ogie Diaz's fairness and credibility as they sat down with the latter for his latest YouTube vlog.
Major music labels sue AI startups over copyright infringement
SAN FRANCISCO, United States — Some of the world's major music labels are suing music generation services Suno and Udio, accusing the startups of violating the copyrights of top artists to train their generative AI engines without permission.
Airline includes more Filipino movies for onboard entertainment
MANILA, Philippines — It's time to fly high on Pinoy pride as the country's flag carrier Philippine Airlines (PAL) proudly added a curated selection of timeless classics and contemporary favorites from the local film industry.
Nationals subdue mustangs
MANILA, Philippines — Gilas Pilipinas gave supporters a nice going-away gift in the form of an entertaining 74-64 dispatching of the Taiwan Mustangs last night at the PhilSports Arena.
IP E-Game Ventures plans to create a REIT
IP E-Game Ventures [EG suspended] [link] disclosed that its board approved the company’s plan to invest in a new subsidiary that would be converted into a REIT (real estate investment trust) and eventually listed on the PSE. EG has been suspended for seven years (since 2017) for failure to comply with its basic reporting obligations, but in that time, has been engaged in a transition from the company’s old business model (free-to-play online games) to a new one involving opportunities in the gaming, leisure, and entertainment sectors. EG did not mention what assets would be included in the alleged REIT.MB BOTTOM-LINE: This one is a little weird to me, since “operating a REIT” isn’t really a business strategy. I mean, for the independent companies that do operate REITs as required by the REIT Law it is, but for the EG board to suddenly be interested in operating a “REIT business” it sounds like they’re coming at it a little backward. We don’t know what the company has really been doing for the past seven years, so maybe they’ve been diligent little savers and have been buying up income-generating properties and are now ready to spin those off into a REIT. That would be amazing. Unfortunately, the last time EG was able to report on its financial condition it disclosed only ?20 million in “property and equipment” assets. They also listed ?2.5 billion in “deposit for future investments”, so maybe they converted that into something REITable that satisfies the basic REIT Law requirements of being worth more than ?300 million and having at least 3 years of operational history. I’m cheering for EG. It’s not clear if this is just wishful thinking, but I’d like to see REITs evolve into something that is more accessible to smaller companies as a tool for raising (and recycling) capital.
UK fans wonder if Taylor Swift will say 'So long, London' after Eras Tour
LONDON (AP) — Taylor Swift fans enjoy parsing the singer-songwriter’s lyrics for references to her romantic life and insights into her state of her mind.
Donald Sutherland, 'Hunger Games' and 'M.A.S.H.' actor, dies
NEW YORK (AP) — Donald Sutherland, the Canadian actor whose wry, arrestingly off-kilter screen presence spanned more than half a century of films from “M.A.S.H.” to “The Hunger Games,” has died. He was 88.