Timberwolves rally to oust defending champions Nuggets
LOS ANGELES – The Minnesota Timberwolves erased a 20-point deficit to stun the Denver Nuggets, 98-90, on Sunday (Monday Manila time), knocking the defending champions out of the NBA playoffs.
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Rome champion Zverev eyes French Open but wary of Djokovic 'at his best'
ROME, Italy – Alexander Zverev is gunning for the French Open after winning his second Rome Open title on Sunday (Monday Manila time), but warned of the ever-present danger posed by defending Roland Garros champion, Novak Djokovic.
Zobels sell remaining MWC holdings to Razon for P14.5-B
Ayala Corp [AC 620.00 ?1.3%; 131% avgVol] [link] disclosed that its subsidiaries, Michigan Holdings and Philwater Holdings, would sell their combined holdings in Manila Water Company [MWC 26.60 ?1.5%; 123% avgVol] to Trident Water Company Holdings (TWC), which is owned by MWC’s current owner, Enrique Razon. The combined value of the two sales to TWC is P14.5 billion. The block of shares coming to TWC through Michigan Holdings was already processed and paid for (~P12.9 billion), and the remaining P1.6 billion worth of shares from Philwater Holdings will be purchased in installments over the next five years. AC confirmed that it will have no post-transaction common share interest in MWC, and that its voting stake will be “nil”. MB BOTTOM-LINE: In a weird way, the transfer of ownership and control of MWC from the Zobel Family to the Razon Family is one of the few lasting “achievements” of the Duterte administration. I put “achievements” in quotation marks because it’s not clear how the President’s overreach into the public markets benefitted anyone other than the obvious (MWC’s current owner). As longtime readers of MB will know I have a deep respect for Mr. Razon’s business acumen and operational quality, but I don’t know that MWC customers have necessarily felt any change as a result of this transfer, and I don’t know that minority shareholders have felt any change either. So maybe it was just Mr. Razon in the right place at the right time while Duterte rode the media waves of threatening the Zobels with death and dismemberment? Yeah, it was a weird time.
Obiena ‘must be perfect’
World No. 2 pole vaulter EJ Obiena must perform flawlessly to win the gold medal at the Paris Olympics. This, according to the Filipino athlete’s long-time sport psychologist, Dr. Sheryll Casuga.
Press Release - Statement of Senator Risa Hontiveros on the new Chinese policy to detain "trespassers"
China's new policy only affirms her emerging reputation as a rogue nation.
Apprehending 'trespassers' will escalate South China Sea dispute — Zubiri
MANILA, Philippines — Senate President Juan Miguel Zubiri said China would only worsen the situation in the region if it makes good its threat to apprehend “trespassers” in the South China Sea.
'Unhinged,' 'crooked': Trump and Biden trade campaign trail barbs
ATLANTA, United States — Donald Trump used an expletive to attack Joe Biden during an address to an influential gun group Saturday, while the incumbent president warned in the crucial swing state of Georgia that his "unhinged" challenger is a threat to US democracy.
EDITORIAL — Super rights body
The creation of a so-called “super body” to enhance the human rights situation in the country has been greeted with skepticism by rights advocates, who think it will simply gloss over continuing violations under the current administration.