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D.M. Wenceslao’s income up 24% to P552M due to tax credits

Real estate developer D.M. Wenceslao (DMW) finished the first quarter with P552.03 million in net income attributable to parent equity holders, up by 24% from last year’s P445.38 million due to the tax credit it recognized from the Corporate Recovery and Tax Incentives for Enterprise (CREATE) law.

The company’s tax credit amounted to P91.7 million in 2021 — from a P146.8-million tax expense incurred last year — after the CREATE law was passed, decreasing the corporate tax rate to 25% from 30%.

However, DMW posted a 32% topline fall to P692.53 million from P1.03 billion a year ago.

Revenues from the company’s residential segment totaled P194 million, a 61% drop from P498.06 million because of “revenue recognition timing.”

DMW said only P44 million revenues were accounted for Pixel Residences during the period, compared with P480 million in the first quarter of last year.

“Note that Pixel Residences is already near completion, a phase where construction progress and revenue booking are generally slower,” the company said.

Meanwhile, revenues from the company’s MidPark towers improved by over seven-fold to around P150 million from P18 million in the same period last year.

DMW’s recurring income, which includes rentals from land, building, and other revenues, declined by three percent to P497 million from P512.7 million. The segment accounted for 72% of the total revenues in the first quarter and it was able to maintain an occupancy rate of 90% despite the pandemic.

The company said it will continue to face the pandemic with “undeterred optimism,” now that a vaccination program is in place.

“Time and again, our recurring income-focused business model, complemented by residential sales has proven effective through different stages of the economic cycle, including a pandemic-induced downturn,” DMW Chief Executive Officer

Delfin Angelo C. Wenceslao said in a statement on Friday.

DMW added that its leasing business will “receive a shot in the arm” as it completes its 8912 Asean Ave. project in the second quarter, which will boost the company’s gross leasable area by over 69,000 square meters.

Stocks of DMW at the local bourse went up by 1.02% on Friday, closing at P6.95 each from P6.88. — Keren Concepcion G. Valmonte

Cebu Landmasters’ CDO project sells 75% of units in a month

Cebu Landmasters, Inc.’s (CLI) P983-million project Velmiro Heights in Cagayan de Oro City has sold 75% of its 518 house-and-lot units a month after its market introduction.

The project is expected to generate P1.78 billion in sales.

“COVID-19 (coronavirus disease 2019) heightened the need for homes offering safety and security not only among wage earners but also among mid-market executives and entrepreneurs in key cities in the South,” Cebu Landmasters Chief Operating Officer Jose Franco B. Soberano said in a statement on Friday.

It is the property developer’s second horizontal project of the same brand in Cagayan de Oro, spanning 12.2 hectares on a hilltop with views of Macajalar Bay and the Bukidnon mountain range. It is said to be accessible to major destinations.

Velmiro Heights also recorded high sales in its five locations within the Visayas-Mindanao (Vis-Min) region, including Tagbilaran City, Bacolod City, and Cebu City.

Cebu Landmasters has so far launched 1,800 units under the brand, with house-and-lot units having floor areas from 48 square meters (sq.m.) to 140 sq.m. These are priced within the P2.3 million to P7 million range.

The project offers a variety of house models. Its Cita townhouse, one-story single attached Dara unit, and the two-story single-detached Zuri model targets young families, with sizes from 48.3 sq.m. to 53 sq.m.

Cebu Landmasters said growing families may choose between the two-story single attached Asha unit and the two-story single-detached Geila unit, with models ranging from 60 sq.m. to 140 sq.m.

“The units have been designed to offer clean, contemporary architecture and an uncluttered frontage,” the company said.

In the January-to-March period, Cebu Landmasters reported a 17% growth year

on year in reservation sales to P3.3 billion. Sales from its mid-market “Garden Series,” which includes Velmiro Heights, accounted for around 66% of the total.

The Vis-Min property developer ended the quarter with P713.8 million in net income attributable to parent, 25% higher from its P572.23 million seen a year ago.

“CLI’s growth momentum is highly likely to speed up even more as the year progresses with more projects getting launched and sold out and as constructions continue,” the company said.

On Friday, shares of Cebu Landmasters at the stock exchange improved by 0.67% or four centavos to close at P6.03 each. — Keren Concepcion G. Valmonte

Filinvest real estate leader passes away

Filinvest Land-logo

Andrew “Bibot” T. Gotianun, Jr., vice chairman of Filinvest Land, Inc. and director of Filinvest Development Corp., passed away on Friday. He was 69 years old.

In a statement, the Gotianun family said his passing came “after a short bout with a non-COVID (coronavirus disease 2019) malignant illness.”

“He was instrumental in growing the Filinvest group into the multi-faceted corporation it is today and was a leader in the real estate field,” the family said.

Further information on his virtual memorial service will be announced soon.

The Gotianun family has asked for privacy. — KCGV

PHL shares inch up on bargain-hunting, lower US jobless claims

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.

Philippine shares closed the week in the green as investors went bargain-hunting amid the local bourse’s intraday low and after the US released data showing lower initial jobless claims.

The benchmark Philippine Stock Exchange index (PSEi) inched up by 1.61 points or 0.02% to close at 6,199.25 on Friday, while the broader all shares index increased by 2.42 points or 0.06% to 3,842.73.

“The local bourse managed to close in the green territory this Friday as bargain hunters took advantage of its intra-day dip,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message on Friday.

“The positive cues from Wall Street’s overnight rally caused by the decline in the US’ initial jobless claims also helped in the local market’s performance today,” Mr. Tantiangco added.

The PSEi dropped to an intraday low of 6,172.18, while the all shares index went down to 3,828.05.

Over in the US, the initial number of people filing for unemployment claims reached 444,000 for the week ending May 15, the lowest level since March of last year.

Most sectoral indices closed in the green on Friday except for financials, which declined by four points or 0.29% to 1,372.47, and services lost 3.49 points or 0.24% to end at 1,453.69.

Meanwhile, property gained 10.61 points or 0.35% to 3,000.93; mining and oil improved by 24.34 points or 0.26% to 9,311.23; holding firms climbed 7.83 points or 0.12% to finish at 6,144.54; and industrials went up by 5.88 points or 0.06% to 8,578.12.

Value turnover inched down to P5.03 billion on Friday with 1.63 billion shares switching hands, from P5.52 billion with 2.97 billion issues traded in the previous session.

Advancers bested decliners, 103 to 95, while 47 names closed unchanged. Net foreign selling went decreased to P512.74 million on Friday from the P731.23 million in net outflows logged on Thursday.

“The index downtrend remains intact and we may continue to test new lows for next week as MSCI rebalancing deadline will be on May 27, and we don’t see any significant positive catalyst to reverse sentiment for now,” AB Capital Securities, Inc. Junior Equity Analyst Lance U. Soledad said in a separate Viber message. — Keren Concepcion G. Valmonte

TikTok and geopolitics: how ‘digital nationalism’ threatens to entrench big tech

The massive digital platform market has until recently been dominated by a handful of US-based companies such as Facebook and Google. However, as foreign governments and competing platforms try to erode this domination, platforms are becoming a new sphere of geopolitical maneuvering. 

The European Union wants to gain more control over international tech companies and achieve more independence in the digital arena. India has banned 177 Chinese apps on the grounds they are “prejudicial to the sovereignty and integrity of India.” 

And in 2020, the then US President Donald J. Trump spent months attempting to ban the Chinese-made video-sharing platform TikTok or force its sale to an American owner. While some claimed Trump was piqued by a supposed prank against him by teenage TikTok users, a look at statements from US government officials over the course of the year shows geopolitical concerns were the main driver. 

If governments are continue to be driven by “digital nationalism”, the US-based big tech companies are likely to continue to dominate. 

TIKTOK IS THE FIRST MAJOR NON-US PLATFORM 

TikTok is the first social media platform born outside the United States to become a significant rival to Silicon Valley incumbents such as Facebook and Instagram. The short-form video platform rose to prominence in 2019 and, by early 2020, was the most downloaded app globally. 

Since its rise, TikTok has come under intense criticism from governments around the world, who question whether ByteDance, the company that owns TikTok, sufficiently protects users’ data against access by the Chinese state. 

However, the way TikTok treats user data is not very different from what its US counterparts do. There is little to suggest the platform poses any singular national security threat. 

The company releases transparency reports similar to those of Google and Facebook. A Central Intelligence Agency (CIA) assessment reportedly concluded there was no evidence the Chinese government had intercepted TikTok data. 

TikTok’s Chinese origins can be used to oversimplify the platform’s actual territorial connection to China. ByteDance was founded in China but it is incorporated in the Cayman Islands and operates as a multinational with subsidiaries in Australia, the US, the UK, and Singapore. 

PLATFORM GEOPOLITICS 

The backdrop to Trump’s stance towards TikTok was an intensifying contest between the US and China over the strategic value of the digital environment. Who gets to extract economic value from the platform economy? Who gets to exert ideological influence through vast sociotechnical systems? Who enjoys strategic advantages from control over and access to data and infrastructure? 

As today’s global tech platforms have developed, they have largely mirrored the shape of classical geopolitics: the US has dominated. Recently, however, Chinese technology firms have flourished, expanding China’s economic and strategic capacities. 

TRUMP’S TIKTOK CHALLENGE 

TikTok teens may have successfully pranked Trump, but his actions and rhetoric fit within a geopolitical agenda articulated by others within the administration. 

On June 24, 2020, US national security advisor Robert O’Brien spoke publicly on the topic of the Chinese government’s “ideology and global ambitions.” He warned China posed a threat to US citizens and explicitly implicated TikTok. 

Two weeks later, on July 6, US Secretary of State Mike Pompeo suggested TikTok should be treated like Huawei, the Chinese telecommunications company that is effectively banned in the US. 

On July 31, 2020, Trump announced he was planning to ban TikTok. 

Several days later, Microsoft released a statement explaining that its representatives had spoken to Trump directly regarding the acquisition of TikTok. When questioned about his talks with Microsoft, Trump stated: 

[…] it can’t be controlled, for security reasons, by China. Too big, too invasive, and it can’t be. 

On August 5, 2020, the US Department of State announced an expansion of its Clean Network program, which has the stated objective of “guarding our citizens’ privacy and our companies’ most sensitive information from aggressive intrusions by malign actors, such as the Chinese Communist Party. 

Expansions to the program included five policies aimed at reducing the presence of China in the US. These policies limited the use of Chinese telecommunication carriers, applications sold in app stores and pre-installed on devices, cloud services and undersea cables. 

The following day, Trump issued an executive order forcing the sale of TikTok to a US company on the grounds that TikTok posed a threat to “the national security, foreign policy, and economy of the United States. 

Ultimately Trump’s executive orders were blocked in the courts and the ban and forced sale never implemented. 

THE RISE OF DIGITAL NATIONALISM 

TikTok provides welcome competition to the platform incumbents. If real competition in the sector were to increase, requiring the incumbent platforms to compete for users, we might see further innovations in the platform market and a less concentrated tech sector. 

So far, however, the US government has explicitly focused on the geopolitical implications of the rise of a Chinese platform. Whether the Biden administration will continue this approach remains to be seen. 

Both the US and China have a long history of shielding strategically important industries. For those concerned with increasing competition and diluting the concentrated power of the dominant technology firms, the rise of digital nationalism is a new obstacle. 

Moving forward, policymakers may need to overcome nationalistic impulses if they are to increase global competition in the international platform market. And both US and Chinese rule must be rejected if we are to decentralize power within the digital environment. — Joanne Gray/The Conversation 

Joanne Gray is a lecturer in the School of Communications and chief investigator of the Digital Media Research Centre at Queensland University of Technology, Australia. 

This article is republished from The Conversation under a Creative Commons license. Read the original article. 

How dogs are helping us cope with the pandemic

When you scroll through social media, you’ll probably see a friend or two with a dog. The pandemic is a time where everyone is staying at home, so it explains why many people seek companionship through adopting or buying new dogs.

A dog has always been man’s best friend. However, it wasn’t until quarantine when many people fully embraced a dog’s love and companionship.

An article in The Washington Post reported that the surge of adoptions and sales began as early as March 2020. Similarly, the Industrial Association of Pet Care Producers in Germany stated that the number of pets in households rose to nearly 35 million.

Aside from groceries and e-commerce platforms, pet stores, animal rescue shelters, and private breeders witnessed the rise in customers as the pandemic continued.

In the Philippines, veterinary clinics also experience a sudden surge in the number of customers as dog owners hope to provide their fur babies with proper care.

Since it’s uncertain when human interactions will return to normal, our fur babies are considered as our best friend or trusted companion during this time. They communicate differently yet there’s something about a dog’s love that’s pure and unchanging.

Dogs cannot express their love through words or gifts. But in their own way, they’re always there to remind you how much you mean to them.

Some of a dog’s love languages include giving hugs, leaning on your leg, jumping excitedly when you arrive home or following you wherever you go. You can also share your inner thoughts or personal dreams with them. Behind their adorable faces are open hearts for their hoomans, always.

Getting a dog is the easiest part of being a fur parent. But owning a fur baby doesn’t stop with posting their cutest photos on social media or leaving them alone when you’re too busy. It’s a responsibility that fur parents should embrace wholeheartedly.

Being a responsible fur parent starts with giving your dogs nutritious food. It’s not enough to grab the first dog food that you see in the store. Before deciding on which dog food to buy, you must take note of its nutrients and health benefits. In addition, it’s important to be aware of your dog’s allergies and preferences.

Canis Prime Adult Dog Food is a budget-friendly diet that comes with health benefits for your fur baby’s needs. It prioritizes your doggo’s health by providing the right amount of nutrition in every meal.

Canis Prime is packed with Prime Tech that comes in an easy-to-digest formula for your fur babies. It is enriched with probiotics for better nutrient absorption and stronger immune system, Omega 3 and 6 to nourish their skin and coat, and Yucca extracts to reduce stool odors.

Of course, Canis Prime does not just focus on giving your dog the nutrients it needs. It also protects their dental hygiene by reducing cavity buildup on their teeth and gums.

Canis Prime is a trustworthy companion in protecting your fur baby’s health and well-being. It’s a favorite product of Manila City Mayor Isko Moreno for his lovable companion “Yorme” the dog.

Being a responsible pet owner starts with giving your dog yummy and healthy food. Canis Prime Adult Dog Food is the best way to start. It is made with outstanding nutrition and taste to ensure your dog’s prime condition.

Canis Prime Adult Dog Food comes in a 20 kg pack and will soon be available in 1.5 kg.

For more details about Canis Prime Dog Food, visit https://excelfeedsph.lafilgroup.com/ or follow @CanisPrimeAndYuri on Facebook. Canis Prime Dog Food is available on Lazada, Shopee, and its online store Excel Feeds.

Request to prioritize national athletes in vaccination list approved

The IATF has included the national athletes and coaches to the Tokyo Olympics and Hanoi SEA Games in the Priority Group A4. (Alvin S. Go)

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) has given its nod to prioritize national athletes seeing action in key international tournaments this year for vaccination against the coronavirus.

This was announced by Presidential Spokesperson Harry Roque in his press briefing on Friday, allowing for the early vaccination of national athletes and coaches set to compete in the Tokyo Olympics and the Hanoi 31st Southeast Asian Games.

The IATF included the national athletes, coaches, delegates and officials to both events in the Priority Group A4.

“The IATF approved the recommendation to the Interim National Immunization Technical Advisory Group to prioritize the vaccination of athletes, coaches, delegates, and officials bound for the Tokyo Olympics and the Southeast Asian Games,” Mr. Roque said.

The Philippine Olympic Committee (POC) and the Philippine Sports Commission (PSC) made the request to allow the athletes to train better and with less worries with the end view of having the best possible representation in the targeted sporting events.

Also approved by the IATF is the training of national sports associations for the SEA Games but in adherence to guidelines set by the POC, PSC, Department of Health, and the Games and Amusements Board.

The POC expressed its gratitude to the IATF for approving their request.

“The entire sports community can now heave a sigh of relief with this approval. With this good news, our athletes can now look forward to serious training and preparations for two major competitions,” said POC President Abraham Tolentino in a statement.

The welcome development came on the heels of the recent announcement by the Vietnam SEA Games Organizing Committee that a “no vaccine, no participation” policy will be in effect in the Hanoi Games.

Eight Filipinos to date have qualified for the Olympics, namely, pole-vaulter EJ Obiena, gymnast Caloy Yulo, boxers Eumir Felix Marcial, Irish Magno, Nesthy Petecio and Carlo Paalam, weightlifter Hidilyn Diaz, and rower Cris Nievarez.

Mr. Marcial has gotten two doses of the vaccines while he was in the United States while Ms. Diaz got her first shot in Malaysia two weeks ago.

The Olympics in Tokyo happens from July 23 to Aug. 8

The POC, meanwhile, earlier said it intends to send 626 athletes competing in 39 sports in Hanoi, which will take place from Nov. 21 to Dec. 2. – Michael Angelo S. Murillo

Meralco energizes new Dolores 100-MVA power transformer

Seen in photos is the newly energized 100-MVA, 115 kV – 34.5 kV replacement power transformer with On-Load Tap Changer (OTLC) at its Dolores Substation located at Philec Road, Barangay Dolores, Taytay, Rizal. This new power transformer will improve system reliability, preventing prolonged power outages to customers in Antipolo City, Binangonan, Taytay and Cardona in the province of Rizal. The OTLC feature, which was not present in the previous transformer, can optimally balance the load among the feeders served by the new power transformer and the other power transformers at the adjacent Cainta, Masinag and Taguig Substations, and enhance system flexibility during contingencies. Despite the heightened community quarantine measures imposed within the NCR+ bubble due to the recent surge in COVID-19 cases, Meralco personnel are continuously working round the clock to execute vital capital projects to provide safe, adequate, and reliable energy service for all its customers.

After verification freeze, here’s how you can get Twitter’s blue check mark

Twitter users can once again apply to be verified after a years-long freeze on public submissions for the sites blue check marks, though the company said only notable users would be awarded the badge. 

The social media company paused public submissions for these badges in 2017 amid criticism that its verification program was arbitrary and confusing. It said at the time the check mark was being confused with an endorsement or an indicator of importance. 

Under the new rules, accounts must have been active in the last six months and fit one of several criteria: government, companies, brands and organizations, news outlets and journalists, entertainment, sports and gaming, activists, organizers and other influential individuals. 

It also plans categories for scientists, academics, and religious leaders later this year. 

The accounts must also have a record of following Twitters rules  specifically, no violations that resulted in a 12-hour or one-week lock outs in the previous year. 

Twitter also said that in the approval process it would look holistically at user behavior such as harassment or posting content that promoted the supremacy of a particular group, both on and off Twitter. 

Accounts must also be complete with features like a profile image and be able to prove their identity through government ID or email addresses. 

Twitter said it was working to provide more information about a bevy of different account types: it plans to launch a new account of type of legitimate automated or bot accounts in July and memorial accounts, for deceased users, later this year. It said it was also exploring how to label humor and satire accounts. 

Twitter is also planning to let users add more personal information to their profiles, the design of which have largely not changed since 2014. The new section will start with displaying gender pronouns and expand to items like interests. 

Twitter said applications for verification will roll out over the next few weeks. It said the decisions would be made by humans and that users would hear back within four weeks. If refused, users can re-apply every 30 days. 

During the pause, Twitter has continued to verify some accounts, such as medical experts tweeting about coronavirus disease 2019 (COVID-19). 

About 360,000 accounts, out of Twitters 199 million monetizable daily active users, are verified.  Elizabeth Culliford/Reuters 

Mixed bag of results for Eala in Spain

Tennis teen sensation Alex Eala of the Philippines

Filipino tennis ace Alex Eala advanced to her first professional doubles semifinals but saw her singles bid end at the women’s $25,000 tournament in Platja D’aro in Spain late Thursday (Manila time).

Ms. Eala, 15, along with partner Oksana Selekhmeteva of Russia topped the Russian pair of Vlada Koval and Sofya Lansere to barge into the semifinals of the International Tennis Federation (ITF) tournament.

She, however, fell to hometown bet Irene Burillo Escorihuela, 6-2, 6-4, in the singles event in what was a busy day for the Rafa Nadal Academy scholar and long-time Globe ambassador.

Despite the mixed bag of results, Ms. Eala shared that the fight continues for her and that she is happy with the opportunities given to her to continue to develop her game.

“Long day today with a singles and a doubles match here at the ITF W25 Platja D’aro. Not too lucky with my singles match today but I play semi finals in doubles tomorrow. Grateful smile…everyday. HAPPY #kindnesswinsday,” wrote the tennis sensation on a post in her official Facebook page.

Misses Eala and Selekhmeteva were to face the Dutch pair of Isabelle Haverlag and Suzan Lamens in the doubles semifinals later on Friday.

Ms. Eala is taking part in the main draw of the tournament because of her standing as one of the top junior talents in the world, earning for her an exemption under the ITF’s junior exempt program.

Azkals reveal squad list for Qatar training camp

Veteran midfielder Stephan Schrock (17) is one of the players called up for national team duty and will take part in the training camp in Qatar before heading to China for the joint 2022 FIFA World Cup and 2023 AFC Asian Cup qualifiers. (SEA Games 2019 website)

The Philippine national men’s football team revealed late Thursday the names of the players who will be taking part in its training camp in Qatar in preparation for a joint continental qualifying tournament set for next month.

Twenty-five players were named from which the final roster of the Azkals seeing action in the joint 2022 International Federation of Association Football (FIFA) World Cup and 2023 Asian Football Confederation (AFC) Asian Cup qualifiers in Suzhou, China, beginning June 3, will be culled from.

The team will first train in Qatar until the end of May before heading to the tournament proper.

Called up for national team duty were goalkeepers Neil Etheridge, Bernd Schipman and Kevin Ray Mendoza; and defenders Carlie De Murga, Alvaro Silva, Luke Woodland, Jesper Nyholm, Martin Steuble, Jefferson Tabinas, Mar Diano, Niko de Vera and Michael Kempter.

Also in the list are midfielders Stephan Schrock, Patrick Strauss, Iain Ramsay, Gerrit Holtmann, Raphael Obermair, Patrick Reichelt, Oliver Bias, Jarvey Gayoso, Matthew Baldisimo, Mark Winhoffer and Lloyd Fagerlie; and forwards Mark Hartmann and Angel Guirado.

Messrs Schrock and Etheridge were named captain and vice-captain, respectively.

The first batch of players flying from Manila left for Doha late Thursday while the other players called up flying in from different parts of the world will meet the team there.

The Philippines is currently at third place in Group A of the qualifiers with seven points from a 2-1-2 record, behind Syria (5-0-0) with 15 points, and China (2-1-1) with seven.

Maldives (2-0-3) and Guam (0-0-5) round out the group.

The Azkals last played in the qualifiers in November 2019, losing to Syria (1-0) in Dubai.

Scheduled qualifying matches of the team in 2020 failed to push through because of the pandemic.

The Philippine men’s football team is to face Guam on June 3, then China on June 9, and Maldives on June 15.

Curry, Clarkson among finalists for NBA individual awards

Golden State Warriors superstar Stephen Curry is one of the finalists for the National Basketball Association most valuable player award, the league announced on Friday. (Golden State Warriors Facebook page)

Golden State Warriors superstar Stephen Curry and Filipino-American guard Jordan Clarkson of the Utah Jazz are among the finalists for National Basketball Association individual awards, the league announced on Friday (Manila time)

Three-time NBA champion Curry is in the running for the Most Valuable Player award while Mr. Clarkson is in the mix for the Sixth Man of the year plum.

Mr. Curry, the league’s scoring leader (32 ppg, 5.5 rpg, 5.8 apg and 1.2 spg), is up against big men Nikola Jokic (26.4 ppg, 10.8 rpg, 8.3 apg and 1.3 spg) of the Denver Nuggets and Joel Embiid (28.5 ppg, 10.6 rpg, 2.8 apg, 1.0 steal and 1.4 bpg) of Eastern Conference top seeds Philadelphia 76ers.

For the Sixth Man of the Year award, Mr. Clarkson (18.4 ppg, 4 rpg and 2.5 apg in 26.7 minutes per game), who represented the Philippines in the 2018 Asian Games, is pitted versus teammate Joe Ingles (12.1 ppg, 3.6 rpg and 4.7 apg in 27.9 minutes), and former league MVP Derrick Rose (14.7 ppg, 2.6 rpg, 4.2 apg and 1 spg in 25.6 minutes) of the New York Knicks.

In the Coach of the Year award race, in contention are Quin Snyder (Jazz), Tom Thibodeau (Knicks) and Monty Williams (Phoenix Suns) while the Defensive Player of the Year list has Rudy Gobert (Jazz), Draymond Green (Warriors) and Ben Simmons (Sixers).

For the rest of the awards, the finalists are Jerami Grant (Detroit Pistons), Michael Porter Jr. (Nuggets) and Julius Randle (Knicks) for Most Improved Player; and LaMelo Ball (Charlotte Hornets), Anthony Edwards (Minnesota Timberwolves) and Tyrese Haliburton (Sacramento Kings) for Rookie of the Year Award.

The selection of the three finalists for each annual award was based on voting results from a global panel of sportswriters and broadcasters.

The winners of the awards will be announced through the course of the 2020-2021 NBA Playoffs, which kick off on Sunday. – Michael Angelo S. Murillo