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MANILA, Philippines: The United Filipino Consumers and Commuters (UFCC) on Monday filed a petition before the Local Water Utilities Administration (LWUA) seeking an audit of the management and performance of the Cagayan de Oro Water District (COWD) following complaints from consumers.
MANILA, Philippines: Senator Ronald «Bato» dela Rosa said that he is a staunch supporter of former president Rodrigo Duterte but he is «anti China» insofar as the bullying of Philippine vessels by Chinese ships in the West Philippine Sea (WPS) is concerned.
MANILA, Philippines – Much has been said about the Choco Mucho Flying Titans’ meteoric rise from a fledgling franchise eyeing a place in the sun five years ago to a legitimate title contender now.
MANILA, Philippines — President Ferdinand Marcos Jr. has agreed to tag as urgent proposed changes to the controversial Rice Tarrification Law (RTL) that would allow the National Food Authority to sell cheap rice in the markets again.
MANILA, Philippines — The UST Golden Tigresses have hurdled every challenge they’ve faced en route to a return trip to the finals in UAAP Season 86, as they ended a five-year absence in the championship round.
RL Commercial REIT [RCR 5.08 ?1.4%; 71% avgVol] [link] declared a Q1/24 dividend of P0.099, payable on May 31 to shareholders of record as of May 17. The dividend has an annualized yield of 7.8% based on the previous closing price, which is marginally higher than its pre-dividend annualized yield of 7.72%. The total amount of the dividend is P1,062 million, which is 92% of the P1,152 million in distributable income that RCR reported for the quarter. Relative to RCR's IPO price, the dividend increased RCR's total stock and dividend return to -5.22%, up from its pre-dividend total return of -6.76%.MB BOTTOM-LINE: RCR takes the dobol win for the first dividend declaration of 2024 and for declaring the largest dividend in the company’s history. This was RCR’s 10th consecutive dividend increase. While the pace of its dividend growth has slowed over the past six quarters, an increase is still an increase and RCR shareholders have that consistency to be thankful for. They also have had the opportunity to cheer the entrance of a deep-pocketed investor (GSIS), and the management team’s announcement of plans to infuse a batch of malls, hotels, and warehouses into RCR to diversify its portfolio mix and lessen the impact of the commercial real estate sector’s drag on RCR’s performance.
MANILA, Philippines — The Annual Stockholders' Meeting of Manila Electric Company (Meralco) will be held virtually via https://company.meralco.com.ph/corporate-governance/SERVE on Tuesday, May 28, 2024 at 10:00 a.m.
MANILA, Philippines -- Down go the defending champions.