Peso snaps win streak; stock market edges lower
THE peso and stock market both closed the week on a negative note, with the currency snapping a three-day winning streak and the bourse threatening a return to the 6,500 level.
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DDMPR declares falling Q1 div at 116% payout ratio
DDMP [DDMPR 1.17, up 0.9%; 37% avgVol] [link] declared a Q1/24 dividend of P0.023476, payable on July 15 to shareholders of record as of June 19. The dividend has an annualized yield of 8.03% based on the previous closing price. The total amount of the dividend is P419 million, which is 116% of the P362 million in distributable income that DDMPR reported for the quarter. Relative to DDMPR’s IPO price, the dividend increased DDMPR’s total stock and dividend return to -32.29%, up from its pre-dividend total return of -32.33%. DDMP REIT Fund Managers reported that DDMPR’s occupancy as of March 31 was just 76%, with occupancy at its main building (DoubleDragon Plaza) listed at just 70.8%.
Messi's record $20.4M salary dwarfs entire MLS teams
MIAMI – Lionel Messi's record $20.45 million annual salary from Inter Miami makes him by far the best paid player in Major League Soccer but also puts him ahead of the entire squads of 25 of the league's clubs, according to data released by the MLS Players Association on Thursday (Friday Manila time).
Global coral bleaching event expanding to new countries — scientists
WASHINGTON, United States — The massive coral bleaching episode signaled by US authorities last month is expanding and deepening in reefs around the globe, scientists warned Thursday.
Senate to probe 'wiretapping' by Chinese Embassy
(UPDATE) Expulsion of the erring diplomat or the downsizing of the embassy are the possible consequences of the wiretapping by the Chinese Embassy in Manila of the Philippine military, Sen. Francis Tolentino said Wednesday.
‘Philippines 2028 milk production target on track’
MANILA, Philippines — The Philippines’ milk production target of 80 million liters by 2028 is on track after recording a four percent increase in 2023, according to the National Dairy Authority.
Maute mother convicted, gets life for terror financing
MANILA, Philippines — A Taguig court has convicted the mother of siblings Omar and Abdullah Maute for financing the terror attacks in Marawi City.