Celebrating 15 years of Filipino craftsmanship and conservation
MaArte is celebrating 15 years of showcasing Filipino craftsmanship and creativity with the 2024 Fab Finds edition.
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MVP sacks TV5 executive for sexual abuse
MANILA, Philippines — Manuel V. Pangilinan, chairman of TV5, has terminated a program manager over a sexual abuse complaint filed by a 22-year-old news researcher.
TV5 sacked program manager accused of sexual harassment — Raffy Tulfo
MANILA, Philippines — Raffy Tulfo confirmed on Tuesday that TV5 fired one of its program managers after investigating the sexual harrassment complaint filed by a new talent.
Does DDMPR’s ownership of land matter to investors?
> Quick answer: Yes, DDMPR’s ownership of land “matters”, but maybe not in some of the ways that you might think. For some background, the question comes out of the fact that DDMP [DDMPR] owns the buildings that make up the DoubleDragon Meridian Park development, and the land beneath those buildings. While there are other REITs that have significant land holdings, like Citicore Renewable Energy REIT [CREIT], DDMPR is the only commercial REIT that owns substantially all of the land underneath its buildings.> Is that good? It’s not necessarily better, but it does come with certain advantages. For starters, if DDMPR ever sold the land, the capital gain would be considered distributable income and DDMPR would be legally required to distribute at least 90% of that to shareholders. Importantly, though, this rule would only apply to proceeds that are not reinvested into qualified real estate investments within the year. Owning land also gives DDMPR executives a higher-quality asset to borrow against, which would (in theory) give DDMPR shareholders more cash that could be used to develop or acquire new properties for the REIT. > Does it add to the dividend? No, owning land doesn’t add to the quarterly dividend directly. The impact of the land’s appreciation can be seen in the fair market value adjustments that impact net income, but this is an unrealized gain that is non-cash and therefore excluded from the pool of distributable income that DDMPR must dividend out to shareholders. It could be something that indirectly adds to the dividend, though, if management borrowed against the land to acquire new assets that would increase the dividend.
Dominion down 41% in first few days of trading
Dominion Holdings [DHI 1.86, down 3.6%; 902% avgVol] [link], the company that was formerly known as BDO Leasing and Finance but that was renamed in anticipation of a sale that ultimately failed to complete, had its four-year suspension lifted on Tuesday and the stock price has fallen 41% in the first couple days of trading. DHI was down 39% on its first day of trading, which was only possible because the PSE declined to apply the usual trading band guardrails due to the length of DHI’s suspension, despite there being ample historical data on the previous market value of the stock. Yet, even that 39% drop doesn’t tell the whole story, as there were some trades that crossed at P4.50/share after the stock opened at P4.10/share. The second day of trading was more civilized, with DHI opening slightly above its Tuesday close before fading through the day and closing at the session’s low of P1.86/share. Over 6.2 million shares were traded, which is approximately 3% of the remaining public float.
Mini-Agraryo Trade Fair Achieves ₱241K in Sales
TACLOBAN CITY – The Mini-Agraryo Trade Fair held at the Department of Agrarian Reform (DAR) Regional Office in Tacloban City registered ₱241,110.00 in total sales over its four-day run from August 6 to 9, showcasing the diverse products of agrarian reform beneficiaries’ organizations (ARBOs) across Eastern Visayas.
Govt to bring BPSF to 61 more provinces
PRESIDENT Marcos Jr. on Monday night said his administration would continue to bring its “Bagong Pilipinas Serbisyo Fair” (BPSF) to 61 more provinces this year after bringing more than P17 billion worth of services, including financial aid to 2.3 million Filipinos, since its launch last year.
Vice at Lassy, nag-ala Carlos at Chloe | Pilipino Star Ngayon
MANILA, Philippines — Kinaaliwan ang post ni Vice Ganda na ginaya ang photo post nina Carlos Yulo at girlfriend nitong si Chloe San Jose habang nasa eroplano on their way to the Philippines. Bale si Vice si Chloe dahil blonde rin ang hair at ang comedian na si Lassy si Carlos. Kahit “CarlosYulo x Chloe chozzzzz!!!” lang ang caption ni Vice sa kanyang post kaya’t natawa at naaliw ang kanyang mga kaibigan.