DoLE pushes flexible work arrangement
AMID dangerous spikes in heat index across the country, the Department of Labor and Employment (DoLE) is pushing for a flexible work arrangement to protect workers' health.
Occupation latest news
Gap between Philippines women, men has improved – expert
MANILA, Philippines — The gap between women and men has improved as the Philippines ranked 16th in the Global Gender Gap Index, according to one of the speakers during the recent Women’s Day webinar organized by environmental group BAN Toxics.
FILRT’s FY23 performance is down across all major metrics
Filinvest REIT [FILRT 3.09, down 4.3%] [link] put out a press release to accompany the dividend that it declared on Monday, and I found a few things interesting when I compared this PR to the one they released last year around the same time [link]. The first is that FILRT’s FY23 performance was worse than FY22 across every major metric that we track for REITs; net income was down 2.2% to P1.28 billion; total revenues were down 7.4% to P3.0 billion; occupancy was down from 89% in FY22 to 83% in FY23; tenant retention was down from 96% in FY22 to 77% in FY23; and WALE was flat at 6.9 years, despite cheesing the figure with the inclusion of the Boracay lot with the 40-year lease. The second thing that I noticed was that FILRT’s press release didn’t mention that any of the statistics I just listed were lower than the previous year. The only time FILRT even refers to FY22 is in the discussion about the amount of GLA covered by new leases; FILRT signed 5,087 sqm of new leases in FY22, but 20,139 sqm of new leases in FY23, which FILRT describes as “almost a fourfold improvement from [FY22].” The third thing odd to me was that FILRT referred to its WALE as “improved significantly” and that including the Crimson Boracay lease “pushed the WALE to 6.91 years.” Unfortunately, upon checking FILRT’s FY22 Annual Report, I found FILRT saying on page 47 that it had a “[WALE] of 6.9 years as of end-2022.”
China asks World Court to speak out on ‘unlawful’ Israeli occupation
AMSTERDAM — China asked the International Court of Justice (ICJ) on Thursday to give its opinion on Israel’s occupation of the Palestinian Territories, which it said was illegal.
US stresses need to consider Israel’s security at top UN court
THE HAGUE — The United States said on Wednesday the World Court should not order the unconditional withdrawal of Israeli forces from the Palestinian territories as it considers a request for its opinion on the legality of the occupation.
Press Release - Explanation of Vote: SBN 2505 Eddie Garcia Law Senator Joel Villanueva
Mr. President, we would like to place on record our full support for the Third Reading approval of Senate Bill No. 2505 or the Eddie Garcia Law, a measure that resonates deeply with our advocacy to improve the welfare of Filipino workers. We would like to thank and congratulate our dear colleague, Sen. Jinggoy Ejercito Estrada, for spearheading and taking the cudgels of passing this very important measure.
UN court to weigh consequences of Israel occupation
THE HAGUE, Netherlands — The UN's top court will from Monday hold hearings on the legal consequences of Israel's occupation of Palestinian territories since 1967, with an unprecedented 52 countries expected to give evidence.
Sandigan admits evidence vs Bautista
MANILA, Philippines — The Sandiganbayan has admitted all the documentary evidence presented by the Office of the Ombudsman’s prosecution team against former Quezon City mayor Herbert “Bistek” Bautista and former city administrator Aldrin Cuña in connection with the allegedly anomalous P32-million online occupational permitting and tracking system project in 2019.