Latest news with #DPU
Boston Globe
01-08-2025
- Business
- Boston Globe
Heat pump owners to get a break on electric rates to lower winter costs
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up To enroll in the rate program, customers with heat pumps need to contact their utility by November 1. Households with heat pumps installed through Mass Save are automatically enrolled in the rates. Advertisement Mass Save is an incentive program funded by surcharges on utility bills. It offers income-based rebates on heat pump installations and other energy efficiency services at low or no cost. 'With heat pump adoption picking up statewide, these discount rates will further help make a dent in winter heating bills,' said DPU Chair James Van Nostrand in a statement. 'The seasonal rates we approved for heat pump households puts money back into customers' pockets.' Advertisement Despite their name, heat pumps can both heat and cool buildings. They heat homes by extracting heat from outside air and cool homes by extracting heat from indoor air. The technology itself is not new, but earlier versions of heat pumps struggled in cold climates such as New England's. Buildings accounted for about 30 percent of greenhouse gases in Massachusetts in 2021. The state has encouraged residents to transition to heat pumps because their energy efficiency and reduced carbon emissions align with the state's More than 90,000 households installed heat pumps through Mass Save from January 2021 through July, 2024, according to state data. The state aims to have heat pumps in 100,000 households by 2025, and 500,000, or approximately The vast majority of households in the state – Critics of Massachusetts' energy policies say the state is not considering that costs of climate initiatives and subsidies. Paul Craney, director of the conservative research group Massachusetts Fiscal Alliance, said that many households can't afford to convert heating and cooling systems. 'I haven't heard Governor [Maura] Healey answer how much the net zero by 2050 will cost or who will pay for it,' he said. 'Lower and middle class folks are being told they have to buy heat pumps, but it hurts their paychecks the most.' Advertisement Installing a heat pump system to heat and cool an entire home Those who wish to take advantage of federal incentives would need to install heat pumps by December of this year after President Trump's One Big Beautiful bill that eliminated clean energy incentives granted during the Biden administration. The state Department of Energy Resources and climate advocacy groups call for even Yogev Toby can be reached at
Yahoo
07-07-2025
- Business
- Yahoo
Boost Your Portfolio with These 3 High-Quality Singapore REITs
The REIT sector had to endure more than two years of challenges as surging interest rates and soaring inflation ate into REITs' results. Many REITs had to grapple with higher operating and finance costs, which crimped their distributable income and, by extension, their distribution per unit (DPU). Income investors need to filter out strong and reliable REITs that can weather these challenges and emerge relatively unscathed. These REITs should possess strong sponsors, a robust portfolio of properties, with a manager that focuses on acquisitions and capital recycling to deliver sustainable returns. Here are three high-quality Singapore REITs that can help fortify your portfolio during tough times. Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 141 properties spread across Singapore (83), the US (56), and Japan (2). The REIT had assets under management (AUM) of S$9.1 billion as of 31 March 2025. MIT is supported by a strong sponsor in Mapletree Investments Pte Ltd, an investment firm that manages a diverse portfolio of real estate assets worth S$80.3 billion as of 31 March 2025. The REIT is one of several that managed to increase its DPU. For its fiscal 2025 (FY2025) ending 31 March 2025, MIT saw gross revenue rise 2.1% year on year to S$711.8 million. Net property income (NPI) inched up 2% year on year to S$531.5 million while DPU crept up 1% year on year to S$0.1357. The REIT manager announced proactive asset management moves to manage the impact of vacancies in its North American data centres. These include reletting by extending leases or backfilling vacant spaces, repositioning assets through redevelopments, and rebalancing the portfolio through the divestment of non-core properties. Portfolio occupancy remained high at 91.6% for FY2025, and the industrial REIT registered a positive rental reversion of 8.1% for renewal leases in its Singapore portfolio. The manager was also active in acquisitions, as it announced the purchase of an Osaka data centre back in May 2023. The fitting out of this data centre was done in four phases and was completed back in May this year. That same month, MIT also announced the divestment of three properties in Singapore for S$535.3 million at a small premium to the properties' valuation. Although the sale will slightly lower DPU, it will reduce MIT's aggregate leverage to 37% (from 40.1%) and improve portfolio occupancy to 92%. CapitaLand Ascendas REIT, or CLAR, is Singapore's oldest industrial REIT and owns a portfolio of 226 properties with an AUM of S$16.9 billion as of 31 March 2025. The REIT is anchored by a strong sponsor in blue-chip CapitaLand Investment Limited (SGX: 9CI), which manages S$117 billion of funds under management. Like MIT, CLAR is also one of several REITs to report a slight year-on-year DPU increase. DPU for 2024 inched up 0.3% year on year to S$0.15205 on the back of a 2.9% year-on-year improvement in gross revenue to S$1.52 billion. The REIT's first quarter of 2025 (1Q 2025) business update also displayed strong operating metrics. Portfolio occupancy stood high at 91.5% and the portfolio enjoyed a positive rental reversion of 11%. Back in May, the manager announced a yield-accretive acquisition of two fully occupied industrial properties in Singapore. This purchase is poised to add 1.36% to CLAR's 2024 DPU and also opens up the properties to organic growth potential that can increase their rental income in the future. Meanwhile, CLAR is also undertaking ongoing projects worth S$498.4 million to improve the returns on its existing portfolio. These projects, which include redevelopments and refurbishments, should be completed from 3Q 2025 to 1Q 2028. Parkway Life REIT is a healthcare REIT with a portfolio of three hospitals in Singapore, 60 nursing homes in Japan, and 11 nursing homes in France. The REIT used to own a strata-titled medical centre in Malaysia, but this asset was divested after 1Q 2025. Parkway Life REIT has a strong sponsor in IHH Healthcare Berhad (SGX: Q0F), an integrated healthcare player that owns hospitals and clinics in Singapore, Malaysia, and Turkey. The healthcare REIT has a stellar DPU track record, having reported uninterrupted core DPU increases since its IPO in 2007. Its 1Q 2025 business update was equally impressive. Gross revenue and NPI increased by 7.3% and 7.5% year on year, respectively, to S$39 million and S$36.8 million. DPU continued its rise, increasing 1.3% year on year to S$0.0384. Parkway Life REIT announced a major acquisition of 11 nursing homes in France last year for €112 million. This purchase adds a third key market for the healthcare REIT that can provide DPU growth and diversification. The REIT's gearing remained reasonable at 36.1% with a low all-in cost of debt of just 1.5%. With a healthy interest cover ratio of 9.3 times, Parkway Life REIT can tap into more debt financing for more yield-accretive acquisitions in the future. Boost your portfolio's returns with 5 SGX stocks that promise both stability and steady growth. We bring you the names of these rock-solid stocks, including why they could drive massive dividends over the next few years. If you're looking to invest for retirement, this guide is a must-read. Click HERE to download now. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of Mapletree Industrial Trust. The post Boost Your Portfolio with These 3 High-Quality Singapore REITs appeared first on The Smart Investor. 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Malay Mail
06-07-2025
- Malay Mail
Was enough done? Brazil may sue Indonesia over death of hiker on Mount Rinjani
JAKARTA, July 6 — Brazilian authorities may take the case of a young woman's death on Mount Rinjani to an international human rights body, should Indonesia be found negligent in the rescue operation. Juliana Marins, 26, died after falling into a ravine while trekking towards the summit of the active volcano on Lombok Island. Although she was reportedly still alive when first sighted by search teams, her body was only recovered later — some 600m down a cliff — after rescue workers were hampered by bad weather and challenging terrain. According to The Jakarta Post, Brazil's Federal Public Defender's Office (DPU) said it would escalate the matter to the Inter-American Commission on Human Rights if Indonesian authorities are deemed to have failed in their duty to assist. An official request has also been made to Brazil's Federal Police to launch an investigation into the circumstances of Ms Marins' death. A second autopsy was ordered in Brazil following her repatriation, after the initial post-mortem in Indonesia failed to establish a conclusive time of death. 'We are still waiting for the report prepared by the Indonesian authorities. Once it is received, we will decide the next legal step,' said Taisa Bittencourt, the regional human rights defender at DPU's Rio de Janeiro office. The Indonesian government has defended its response. 'The rescue process and other steps, including the autopsy, were carried out according to Indonesian standards,' said Lalu Mohammad Faozal, acting Secretary of West Nusa Tenggara. The rescue effort involved descending into difficult terrain where helicopters could not operate due to volcanic soil and poor weather conditions. Marins' body was eventually retrieved with ropes and evacuated to Bali, where the autopsy was conducted on June 26 before the body was flown home and subjected to a second post-mortem on July 1. Indonesia's Forestry Minister Raja Juli Antoni said the government is prepared to respond to any legal action. 'If there is a lawsuit, it is their right. We will be accountable for what we have done,' he told Kompas. He added that the tragedy served as a reminder for improvements in emergency readiness, saying authorities must upgrade evacuation equipment. Local officials said they are conducting a full review of the response to the incident, with plans to revise standard operating procedures, introduce a climber quota, enhance signage, and provide first-aid training for guides and porters at Mount Rinjani National Park.
Straits Times
05-07-2025
- Politics
- Straits Times
Brazil plans to take a legal action against Indonesia in the death of Mount Rinjani climber
Sign up now: Get ST's newsletters delivered to your inbox Acting West Nusa Tenggara Secretary Lalu Mohammad Faozal said authorities had done their best during the rescue process at Mount Rinjani's Cemara Nungal cliff. JAKARTA - The Brazilian government plans to take the death of its citizen Juliana Marins while climbing Mount Rinjani to a continental human rights body if the Indonesian government is found to have been negligent in providing aid. The Federal People's Defender Office (DPU) will take the case to the Inter-American Commission for Human Rights (IACHR) if the Indonesian government is found negligent.
Fashion Value Chain
30-06-2025
- Health
- Fashion Value Chain
Dr. D. Y. Patil Medical College, Hospital & Research Centre Makes History with India's First Bilateral Lung Transplant on a Serving Army Soldier
A 30-year-old serving Indian Army officer from Jammu & Kashmir, suffering from a rare and life-threatening lung condition, has been given a new lease on life after a successful bilateral lung transplant at Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune. This landmark surgery marks the first successful bilateral lung transplant in India performed on a serving Army soldier, reinforcing DPU's reputation as a centre for critical care excellence and advanced transplant science. Bilateral lung transplant performed on a serving Army soldier at Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pimpri, Pune The officer was diagnosed with Pulmonary Langerhans Cell Histiocytosis (PLCH), a rare interstitial lung disease that led to progressive respiratory failure. As his condition worsened, he became completely oxygen-dependent and bed-bound. Following his referral from the Cardiothoracic Centre of Command Hospital, Pune, he was evaluated and registered for a transplant at Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune on 20th March 2025. On 14th April 2025, a complex 12-hour surgery was performed. The patient's recovery was remarkable – off oxygen within a week and discharged in just over two weeks, walking unaided and breathing freely. Hon'ble Dr. P. D. Patil, Chancellor, Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, said, 'This transplant reflects the strength of our healthcare ecosystem where advanced infrastructure, experienced clinicians and a deeply committed support team come together to make the extraordinary possible. We are proud that Dr. D. Y. Patil Medical College, Hospital & Research Centre, could support a serving soldier's journey to recovery with the highest standards of care. My heartfelt gratitude to every individual who played a role – from the transplant and rehabilitation teams to the coordinators, nursing staff and the authorities who made the green corridor possible.' Hon'ble Dr. (Mrs.) Bhagyashree P. Patil, Pro-Chancellor, Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, added, 'Every life we touch through our hospital is a reflection of our commitment to healing with purpose. Supporting a soldier's recovery through such a complex procedure speaks to the values we hold close – compassion, excellence and service to the nation. To care for someone who has served the country is a privilege we hold with deep respect. Dr. D. Y. Patil Medical College, Hospital & Research Centre stands as a centre of advanced care, where clinical excellence is matched by empathy and national responsibility.' Dr. Sandeep Attawar,Lead Transplant Surgeon, DPU Super Specialty Hospital, Pimpri, Pune, said, 'PLCH is a rare and complex disease. This transplant required clinical precision, coordination and above all, trust. Seeing the patient recover so rapidly is a result of every unit working in perfect sync.' Dr. Rahul Kendre, Transplant Pulmonologist, DPU Super Specialty Hospital, Pimpri, Pune, added, 'It was an honour to care for someone who has served the country. His determination, supported by strong teamwork and timely care, made this outcome possible.' Dr. Rekha Arcot, Dean, Dr. D.Y. Patil Medical College, Hospital & Research Centre, said, 'This life-saving lung transplant on a brave, serving officer of the Indian Army is more than just a medical milestone for us-it is a tribute to the spirit of service and sacrifice. We are deeply honoured to have played a role in giving a soldier a second chance at life. Our team's dedication is driven by a profound respect for those who serve our nation, and this successful transplant is a moment of pride, gratitude and hope for us all.' The Intensive Care Unit team, led by Dr. Prashant Sakhwalkar (Intensivist), ensured clinical stability and recovery, with support from Dr. Asir Tamboli, Dr. Swapnil, Dr. Sagar, Dr. Viren and Dr. Amey Sable. Physician Assistants Dr. Sangapriya, Dr. Pratiksha and Dr. Shifa provided daily clinical coordination between departments. Dr. Ranjith Joel and Dr. Ashok managed the patient's rehabilitation and physiotherapy, ensuring full functional recovery. The transplant was equally supported by an expert operations team. In the Operating Theatres, Sijo Rajan, Rijo Kuriakose, Rohini and Wamik facilitated organ retrieval and implantation across dual OT setups. Halimath, Vishal and Suneel managed organ perfusion and ECMO support, while Mr. Bagwat Patil, Bronchoscopic Technician, ensured smooth pre-operative diagnostics. The ICU nursing team – Ganesh Munde, Pooja, Preeti, Nayna, Vaishali, Sonali and Kavita played a central role from pre-operative care to discharge, providing vigilant, compassionate support. Transplant coordination including documentation, ZTCC compliance and clinical matching was expertly managed by Mr. Arun Ashokan and Ms. Vasanthi, who ensured timely execution of every step. Overseeing the full institutional framework and ensuring operational readiness was Dr. H. H. Chavan, Medical Superintendent, DPU Super Specialty Hospital, Pimpri, Pune. His guidance and oversight helped align medical, surgical and administrative teams with precision and purpose. The final and most time-sensitive part of this transplant – the transfer of donor lungs was executed with military precision. With approvals from the Zonal Transplant Coordination Centre (ZTCC), facilitated by Ms. Aarti, a green corridor was established for the organ to travel from Dombivli to Pune in under two hours. This mission was led by Mr. Pramod Patil, Administrative Head of DPU Super Specialty Hospital along with Mr. Parthasarathy Shanmugam, Administrative Head, Organ Transplantation and executed with the support of the Traffic Commissioners and the city traffic authorities across districts who ensured swift passage of the organ transport. Thanks to the exceptional teamwork, clinical expertise and visionary leadership at Dr. D. Y. Patil Medical College, Hospital & Research Centre, a serving soldier of the Indian Army now breathes freely and looks ahead to life with renewed strength and dignity. The hospital remains steadfast in its mission to advance transplant science and raise nationwide awareness about the life-saving impact of organ donation. Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune has successfully performed over 460 transplants including 32 bilateral lung transplants, 4 combined heart and lung transplants, 4 standalone heart transplants, and 1 combined heart and kidney transplant – reaffirming its position as a leader in the field of organ transplantation. About Dr. D. Y. Patil Medical College, Hospital &Research Centre, Pimpri, Pune Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune follows international benchmarks that are performance-driven as well as patient-centric, strongly backed by evidence-based medical expertise. We are NABH and NABL accredited and have been certified as a Green Hospital by the Association of Healthcare Providers India (AHPI). Additionally, we hold the 11th rank in the National Institutional Ranking Framework (NIRF). The university has been awarded A++ status by the National Assessment and Accreditation Council (NAAC) and is an ISO 2015 certified organization (ISO 9001: 2015). Facebook: Dr D Y Patil Medical College, Hospital and Research Centre Instagram:
