The Philippines raised 235 billion pesos ($4.1 billion) of bonds from a large-scale local debt offering targeting institutional investors, lower than what it sold in April. The offer period, which was supposed to end Friday, was cut short after the volume target was reached, the Bureau of the Treasury said in a statement on its website Thursday. Investors can still exchange old debt for the new se...
The Philippines raised 235 billion pesos ($4.1 billion) of bonds from a large-scale local debt offering targeting institutional investors, lower than what it sold in April. The offer period, which was supposed to end Friday, was cut short after the volume target was reached, the Bureau of the Treasury said in a statement on its website Thursday. Investors can still exchange old debt for the new securities until Friday. In April , the government raised 300 billion pesos from its maiden offering of such notes. Philippine officials are taking advantage of falling borrowing costs with 10-year yields down about 50 basis points from a peak in June. The government is increasing its gross borrowings this year by about 3% to 2.68 trillion pesos .
Earnings Call Insights: The Macerich Company (MAC) Q4 2025 Management View Jackson Hsieh, President and CEO, highlighted that 2025 was a pivotal year for Macerich, emphasizing, “We entered the year with clear objectives under our Path-Forward plan, simplifying the business, driving operational performance improvement and reducing leverage. I'm pleased to report that we've delivered against each of...
Earnings Call Insights: The Macerich Company (MAC) Q4 2025 Management View Jackson Hsieh, President and CEO, highlighted that 2025 was a pivotal year for Macerich, emphasizing, “We entered the year with clear objectives under our Path-Forward plan, simplifying the business, driving operational performance improvement and reducing leverage. I'm pleased to report that we've delivered against each of these pillars.” He noted the company signed 7.1 million square feet of new and renewal leases, an 85% increase over full year 2024, and exceeded the 2025 year-end leasing target. Hsieh stated, “We are at 76% today, exceeding our 2025 year-end target of 70%. This puts us well on track for our mid-2026 target of 85%.” He underscored progress on anchor initiatives, with all 30 targeted anchor and big box replacements now committed, and $1.3 billion in total mall and outparcel sales transactions completed toward a $2 billion goal. Doug Healey, Senior EVP & Head of Leasing, reported, “Portfolio sales at the end of the fourth quarter were $881 per square foot. That's up $14 when compared to the last quarter, and this now represents a high watermark for the company dating back to when we went public in 1994.” Occupancy increased to 94%, and trailing 12-month leasing spreads rose to 6.7%, the 17th consecutive quarter of positive spreads. Healey added, “We signed 7.1 million square feet of new and renewal leases. This is 85% more square footage than we leased in 2024, and 2024 was a record year for us.” Daniel Swanstrom, CFO, stated, “FFO, excluding financing expense in connection with Chandler Freehold, accrued default interest expense and gain on non-real estate investments was approximately $129 million or $0.48 per share during the fourth quarter of 2025.” Swanstrom disclosed, “Legal claims settlement income of $16.1 million, partially offset by corporate expenses related to annual incentive bonus payouts above target levels, which resulted in an $8.4 million net impact or $0.0...
peepo/E+ via Getty Images Executive Summary The Fund underperformed the Russell 2000 Index over the last quarter mainly due to allocation effects and underperformed the past year mainly due to security selection. The largest detractors to the past quarter were in Health Care, and largest detractors to the last year were in Health Care and Industrials. New positions were initiated in multiple secto...
peepo/E+ via Getty Images Executive Summary The Fund underperformed the Russell 2000 Index over the last quarter mainly due to allocation effects and underperformed the past year mainly due to security selection. The largest detractors to the past quarter were in Health Care, and largest detractors to the last year were in Health Care and Industrials. New positions were initiated in multiple sectors, taking advantage of the volatility in stock prices. The focus remains on finding quality companies that are attractively priced with long runways for growth in sales, earnings, and free cash flow. Performance factors During the past quarter, the Fund underperformed mainly due to allocation effects. Negative allocation was led by the Health Care sector, while Materials was the largest positive contributor. The Portfolio's underweight positioning in Pharmaceuticals & Biotechnology industries detracted from returns, as both segments delivered strong performance during the quarter. We continue to evaluate opportunities in these areas for investments that align with our long-term investment criteria. During the quarter we initiated a position in Texas Roadhouse ( TXRH ), a casual dining restaurant company that operates a chain of American steakhouses. The recent escalation in beef costs has compressed the company's margins and pressured the share price. Given the inherent cyclicality of beef prices and the company's strong value proposition, which underpins its pricing power, we anticipate a meaningful improvement in operating performance over the intermediate term. Our expectation of improved operating outcomes coupled with a long runway for continued growth in cash flows allowed us to add a quality company to the portfolio at an attractive price. Over the past 12-months, the Fund underperformed largely due to negative security selection. Negative security selection was led by the Health Care sector and in particular, Twist Biosciences ( TWST ) and ADMA Biologics ( ADMA ). ...
Watch: Humanoid Robots In China Put On Jaw-Dropping Show Our coverage of humanoid robots has ramped up for a very good reason: global production is set to surge this year, these bots are getting "brains," and dual-use concerns are rising. In China this week, state-owned international news network, China Global Television Network, provided coverage on a Spring Festival gala showcasing the country's...
Watch: Humanoid Robots In China Put On Jaw-Dropping Show Our coverage of humanoid robots has ramped up for a very good reason: global production is set to surge this year, these bots are getting "brains," and dual-use concerns are rising. In China this week, state-owned international news network, China Global Television Network, provided coverage on a Spring Festival gala showcasing the country's technological advancements, including a wild performance featuring humanoid robots. Four rising humanoid robot startups - Unitree Robotics, Galbot, Noetix, and MagicLab - demonstrated their robots on state TV. In one show, a dozen Unitree humanoids performed sophisticated fight scenes. China's humanoid robot industry is preparing for two major initial public offerings this year: AgiBot and Unitree. As we've previously reported, these bots are beginning to push beyond scripted video stunts - such as shown in the video above - into real-world applications. The factory floors are now being invaded, then these bots will be battlefield-ready. Related research and roadmap of what's ahead: AI's Next Frontier Is Physical As Humanoid Robots Begin March On Assembly Lines And Beyond Here Come Humanoid Robots: Industry Makes Clear Pivot Toward "Dedicated-Purpose" Commercial Deployments Humanoid Robots Get "Brains" As Dual-Use Fears Mount We should note that President Xi Jinping met with five robotics startup founders in the last year, compared with four electric vehicle and four semiconductor heads over the same period. Xi's focus suggests Beijing sees humanoid robotics as the next frontier it aims to dominate. Tyler Durden Wed, 02/18/2026 - 21:20
There have been a few instances of insider purchases in the wake of the recent software selloff, with the latest coming from Microsoft director John Stanton.
There have been a few instances of insider purchases in the wake of the recent software selloff, with the latest coming from Microsoft director John Stanton.
The latest move by United Parcel Service (UPS) to close 22 union staffed facilities and scale back Amazon related deliveries has put its cost cutting push and union relations in sharp focus for shareholders. See our latest analysis for United Parcel Service. UPS shares are trading at US$116.12, with a 30 day share price return of 8.61% and a 90 day share price return of 27.79%. The 3 year total sh...
The latest move by United Parcel Service (UPS) to close 22 union staffed facilities and scale back Amazon related deliveries has put its cost cutting push and union relations in sharp focus for shareholders. See our latest analysis for United Parcel Service. UPS shares are trading at US$116.12, with a 30 day share price return of 8.61% and a 90 day share price return of 27.79%. The 3 year total shareholder return of a 23.02% decline shows that recent momentum contrasts with a weaker longer...