Neil Jerome Morales

Home furnishing chain of Philippines' richest man files for up to $404 million IPO

17 Jul 2019

MANILA Philippines' AllHome Corp, owned by the country's richest man, said late on Wednesday it plans to raise up to $404 million in the country's largest initial public offering (IPO) this year, as the bourse trades near multi-month highs.

Philippine army says attack on base likely a suicide bombing

29 Jun 2019

MANILA A bomb attack that killed eight people at a military base in the southern Philippines was likely a suicide bombing, the army said on Saturday, another blow to government efforts to rein in militants inspired by Islamic State.

Philippines' Globe Telecoms launches 5G service backed by Huawei equipment

20 Jun 2019

MANILA Philippines' Globe Telecom Inc on Thursday launched Southeast Asia's first 5G broadband service, with embattled Huawei Technologies Co Ltd providing the equipment, a win for the Chinese firm despite cybersecurity worries from Western nations.

Philippines' Metro Pacific eyes $2 billion valuation in hospital unit stake sale

19 Jun 2019

MANILA Philippines' Metro Pacific Investments Corp expects its hospital unit to be valued at $2 billion as it sells a minority stake in the healthcare group, its chairman said on Wednesday.

UPDATE 1-Philippine Airlines president Bautista to retire end-June

18 Jun 2019

* Philippine rival Cebu Air beefs up fleet (Adds background, details)

Philippines' Cebu Air close to buying A330neo or B787 aircraft

30 May 2019

MANILA Cebu Air Inc is close to an order for either Airbus 330neo or Boeing 787 aircraft, the CEO of the Philippines' largest airline said on Thursday.

Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

23 May 2019

SINGAPORE/MANILA Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

REFILE-Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

22 May 2019

* More consumers looking to trade in Huawei phones in Singapore

Policy easing on the cards as Philippine first-quarter GDP growth disappoints

09 May 2019

MANILA The Philippine economy grew at its weakest pace in four years in the first quarter bolstering expectations the central bank will cut rates at its meeting later on Thursday to rev up growth.

Philippines says won't bar Chinese proposals for shipyard takeover

25 Apr 2019

* Eight firms from six countries have shown interest - banker

World News