‘Amihan’ to bring cloudy skies, rains over Luzon Saturday

MANILA: The whole of Luzon and some parts of the Visayas will experience cloudy skies with rains brought by the northeast monsoon, locally known as “amihan,” on Saturday.

 

In its 4 a.m. weather bulletin, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) forecast cloudy skies with rains over Cagayan Valley, the Bicol Region, Apayao, Aurora, Quezon, and Northern Samar due to the “amihan.”

 

The same weather phenomenon will bring partly cloudy to at times cloudy skies with light rains over Metro Manila, the rest of Luzon, and Western Visayas.

 

On the other hand, Mindanao and the rest of the Visayas will have partly cloudy to cloudy skies with isolated rain showers or thunderstorms due to localized thunderstorms.

 

Moderate to strong winds headed northeast will blow over Luzon, the Visayas, and the western section of Mindanao, with moderate to rough seas.

 

The rest of Mindanao will experience light to moderate winds headed northeast to north, with slight to moderate seas.

 

The temperature in Metro Manila will range from 21°C to 31°C; Baguio City, 12°C to 22°C; Legazpi City, 22°C to 29°C; Laoag City, 22°C to 31°C; Metro Cebu, 23°C to 29°C; and Metro Davao, 24°C to 32°C.

 

SOURCE: PHILIPPINES NEWS AGENCY

eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

Aligning the interests of agents and brokers with the company they own is key to eXp Realty’s long-term growth strategy

Revenue Share and Equity Benefits
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eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today released its 2022 revenue share and agent equity payout figures, demonstrating how its competitive compensation model underpins continued agent growth.

Revenue Share and Equity Paid to Agents and Brokers Continues To Increase Year-over-Year

  • Revenue share to agents increased 20% to $202 million in 2022.
  • eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform.
  • As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

“When eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point in real estate for agents,” said Glenn Sanford, Founder and CEO of eXp Realty. “Historically, agents were generally not offered meaningful ownership in the brokerages they were part of and the profit/revenue sharing models didn’t provide a viable path to potential retirement for the vast majority of agents.

“With this in mind, an important part of building eXp was designing a truly aligned compensation model that rewards agents for their production and contribution to the company’s growth. As we have disclosed in our fourth quarter and full-year 2022 results, our model and core business has proven to be sustainable in both good and bad markets. More importantly, it proves that we are delivering on the promise we made to agents when eXp was founded in 2009. By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the world.

All that being said, since becoming a public company in 2013, EXPI’s stock has outperformed all other publicly traded real estate brokerages, franchisors and brokerage/franchisor conglomerates. We also enjoy the highest market cap among all publicly traded residential real estate brokerage platforms, showing once again that focusing on the agent experience isn’t just good for the agent, but it has also been good for long-term shareholders.”

Revenue Share and Equity Benefits Detail
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Revenue share to agents increased 20% to $202 million in 2022. eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform. As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 87,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base and expansion of our residential real estate brokerage business into foreign markets. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e0d795ac-5bdd-4f9c-af3d-3f470035652e

https://www.globenewswire.com/NewsRoom/AttachmentNg/15708f42-8fb1-46df-b714-aebb17bf171a

GlobeNewswire Distribution ID 8781588

PCG rescues distressed vessel off Basilan

The Philippine Coast Guard (PCG) rescued four people aboard a wooden-hulled vessel off Basilan province, an official said Saturday. In a report shared with the media, Commodore Marco Antonio Gines, Coast Guard District Southwestern Mindanao commander, said the four were rescued Thursday from M/V Ameerazara, which was found near Malamawi Island, Isabela City, Basilan. Gines said the vessel encountered engine malfunction while transiting from Isabela City to Zamboanga City, prompting the skipper to send a distress message. Upon receiving the message, Gines said the BRP Cape Engaño launched a search and rescue operation, with the assistance of the Coast Guard Station-Isabela and sub-stations Malamawi and Central Pasangen. He said the M/V Ameerazara was towed to the port here while all four rescued were in good condition.

Source: Philippines News Agency

Ninth Ao Dai Festival of Ho Chi Minh City kicks off

The Ho Chi Minh City People’s Committee held the opening ceremony of the 9th Ho Chi Minh City Ao Dai Festival 2023, with the theme “I love Vietnamese Ao Dai”, at the Nguyen Hue pedestrian street in District 1 on March 3.

The festival will be held throughout March with many exciting activities, promising to bring memorable emotions and unique experiences to Vietnamese people and international tourists alike.

On the opening night, outstanding collections of famous designers were introduced to the public with hundreds of Ao Dai models.

Activities within the framework of this year’s Ao Dai Festival will be held at historical sites, cultural relics, tourist destinations, and architectural works of Ho Chi Minh City, thereby contributing to the promotion of the image of Ho Chi Minh City as a “Safe Destination – A Lively Journey”.

This year’s Ao Dai Festival features the participation of 23 Ao Dai designers from across the country, along with the companionship of 19 famous artists, singers, actors and characters in the role of image ambassadors.

Speaking at the opening ceremony, Vice Chairman of the Ho Chi Minh City People’s Committee Duong Anh Duc said through the eight previous events, the Ho Chi Minh City Ao Dai Festival has become a cultural tourism event.

The city also plans to organise events to promote the festival to the world with the goal of turning the Ho Chi Minh City Ao Dai Festival into an international cultural tourism event./.

Source: Vietnam News Agency

S Kalimantan has high prospects of producing golden generation: BKKBN

Jakarta (ANTARA) – South Kalimantan has a high probability of producing a golden generation due to its strategic human resources, according to the National Population and Family Planning Agency (BKKBN).The province, well-known for producing coal and diamond, has a high probability because it is entering the demographic bonus period, Head of BKKBN Hasto Wardoyo noted in an official statement, Saturday.

Entering the demographic bonus period means that the number of members of the population in the productive age in that region is higher than those in other age groups.

This is also supported by the fact that stunting prevalence in South Kalimantan experienced a sharp decline, from 30 percent in 2021 to 24.6 percent according to the 2022 Indonesian Nutrition Status Study (SSGI).

“Not every region can be as lucky as South Kalimantan,” Wardoyo stated.

However, Wardoyo suggested that the preparation to produce this golden generation should not only focus on physical health but also mental health.

This is especially important since the Basic Health Research (Riskesdas) data in 2013 indicated that the number of people suffering from mental emotional disorders had reached 9.8 percent.

baca-jugaRelated news: Cannot rely on schools alone to create golden generation: Govt

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Thus, Wardoyo urged related regional governments to handle this through efforts, including by preventing children from quitting schools, child marriages, and teenage pregnancies.

Wardoyo also highlighted that the total fertility rate in South Kalimantan was still at 2.34 on average. Although this figure is already good, Indonesia is targeting to reach 2.1. Thus, the dissemination of information on family planning should be intensified.

Speaker of the North Hulu Sungai Regional People’s Representative Council (DPRD) Almien Ashar Safari expects regulations from the central government related to stunting mitigation to be put in place.

Thus, it can create policy uniformity in South Kalimantan and facilitate policymakers in creating innovations related to the Stunting Reduction Acceleration Program.

“The South Kalimantan Provincial DPRD wishes to contribute and participate to go directly to the people to convey (information on) stunting mitigation,” Safari remarked.

Source: Antara News Agency

UN official hails Vietnamese peacekeepers’ contributions to UNMISS

Nicholas Haysom, Special Representative of the United Nations (UN) Secretary-General for South Sudan and Head of the UN Mission in South Sudan (UNMISS), on March 3 appreciated the active and effective contributions, creativeness and efforts to overcome difficulties of medical officers and soldiers of the level-2 field hospital and peacekeepers of Vietnam at the UNMISS.

He made the recognition when talking to Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the UN, at the first meeting in 2023 of the UN Security Council with representatives from 79 countries sending soldiers to the UNMISS.

Ambassador Giang thank the UNMISS leader for creating conditions for Vietnam’s peacekeeping force to fulfil their tasks.

He affirmed Vietnam’s commitment to continue sending military and police personnel to participate in the UN peacekeeping activities in general and UNMISS in particular in the coming time.

In his remarks at the meeting, the ambassador reaffirmed the country’s support for UNMISS’ mission, and emphasised the importance of building trust among related parties, including the Mission, authorities and local people, to create a favourable environment for the election and the process of building the Constitution of South Sudan.

Vietnam is willing to continue contributing to this effort through the implementation of and participation in support activities, he said.

The ambassador also shared Vietnamese peacekeepers’ efforts and creativeness in fulfilling their duties as well as taking care of the life, safety and health of the local people, thus consolidating and strengthening the cohesion and trust between them and the UN peacekeeping mission./.

Source: Vietnam News Agency