NorthPort announces import change
MANILA, Philippines – After just one game, the NorthPort Batang Pier are tapping a familiar face moving forward in the PBA Governors’ Cup.
UPS latest news
House to take into custody POGO incorporator Cassandra Li Ong
MANILA, Philippines — The House of Representatives has issued an order to take into custody and detain Cassandra Li Ong, one of the incorporators of the raided Philippine offshore gaming operator (POGO) hub Lucky South 99, based on a standing contempt order against her for failing to show up to a House joint inquiry on illegal POGOs.
Asia tracks Wall St. rally after US jobs data, Fed minutes
HONG KONG, China — Stocks edged up in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.
Democratic VP pick Tim Walz accepts nomination at party convention
CHICAGO, United States — Tim Walz formally accepted his nomination to be the Democratic Party's vice presidential candidate in a keynote address Wednesday, professing his love for his country.
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.
Obiena finishes joint-3rd in Lausanne Diamond League
LAUSANNE, Switzerland – Filipino pole vaulter plunged back into action in his first tournament since the Paris Olympics and even fared better, finishing joint-third in the Lausanne Diamond League meet on Wednesday (Thursday Manila time).
Djokovic targets Slam record at US Open; Sinner under cloud
NEW YORK – Novak Djokovic, fired up by his emotional Olympic Games triumph, targets new Grand Slam records at the US Open from Monday (Tuesday Manila time) as title rival Jannik Sinner arrives in New York dogged by questions over two positive drugs tests.
Galeries’ Encarnacion cherishes chance to learn from Thai import
MANILA, Philippines – PVL rookie Jewel Encarnacion absorbed all she could during her one tournament stint together with Thai veteran Sutadta Chuewulim for the Galeries Tower Highrisers in the 2024 PVL Reinforced Conference.