Edition:
United Kingdom

Neil Jerome Morales

Philippines' DoubleDragon plans $1.3 billion multi-year REIT offering

12 Feb 2020

MANILA The Philippines' DoubleDragon Properties Corp plans a sale of shares worth up to 66 billion pesos ($1.3 billion) in a real estate investment trust (REIT), starting this year, to generate funds for expansion, its chairman said on Wednesday.

Philippines seeks scrapping of 'abusive' broadcaster's franchise

10 Feb 2020

MANILA The Philippine government on Monday urged the Supreme Court to cancel the franchises of the country's top broadcaster, ABS-CBN Corp, a move slammed by opposition lawmakers and activists as an attack designed to intimidate independent media.

Philippine central bank cuts policy rate on virus risk, more easing seen

06 Feb 2020

MANILA The Philippine central bank cut its key interest rate on Thursday to shield the economy from the impact of the spreading coronavirus, adding it was prepared to loosen policy further to protect growth.

Philippine January inflation highest in eight months, but rate cut on cards

05 Feb 2020

MANILA Philippine January inflation picked up more than expected to an eight-month peak, but the outcome is still within the central bank's comfort range and supports views it will likely cut interest rates when it meets on Thursday.

UPDATE 2-Embattled Manila Water shares jump after tycoon Razon buys stake

03 Feb 2020

* Manila Water shares surge as much as 20% (Adds details, and fund manager and economist's comments)

Philippine volcano shows signs of calming, but danger remains

17 Jan 2020

MANILA A Philippine volcano that has been spewing ash for days appeared to be calming down on Thursday, but seismologists said the danger of an eruption remained high and authorities warned evacuees not to return to their homes.

'All in God's hands': Volcano evacuees hunker down in Philippines

15 Jan 2020

SANTO TOMAS, Philippines The fine ash drifting into the school gym on gusts of wind is a constant reminder for evacuees in the Philippines of the volcano that threatens to bury their homes forever.

Philippines braces for broader Mideast conflict, orders more evacuations

08 Jan 2020

MANILA The Philippines is bracing for a broader conflict in the Middle East, ordering the evacuation of tens of thousands more of its citizens from the region after Iran fired rockets at U.S.-led forces in Iraq.

Philippines braces for broader Mideast conflict, orders more evacuations

08 Jan 2020

MANILA The Philippines is bracing for a broader conflict in the Middle East, ordering the evacuation of tens of thousands more of its citizens from the region after Iran fired rockets at U.S.-led forces in Iraq.

China's CCCC, Philippines' Macroasia win $10 billion airport project

17 Dec 2019

MANILA China Communications Construction Co Ltd (CCCC) and Philippine partner Macroasia Corp have won an auction for a $10 billion airport outside Manila, the latest in a multi-billion dollar push by the Philippines to modernize and decongest its overstretched infrastructure.

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