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Neil Jerome Morales

Philippines' AllHome launches $348 million IPO as activity picks up

13 Sep 2019

MANILA/SINGAPORE Philippines' AllHome Corp launched an IPO of up to 18.1 billion pesos ($348 million) on Friday, a term sheet showed, as Southeast Asian market activity gradually picks up from last year's depressed levels.

Philippine fast food specialist Jollibee hungry to expand in U.S., China

13 Sep 2019

MANILA Jollibee Foods Corp , the Philippine fast food specialist known for fried 'Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A.

Shoot them? Hang them? - Filipino heavyweights hanker for death penalty return

09 Sep 2019

MANILA If he gets his way, Filipino senator and boxing champion Manny Pacquiao would have drug criminals executed by firing squad.

Boxing champ Pacquiao launches his own crypto tokens

02 Sep 2019

MANILA, Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product. | Video

Philippines' Duterte warns of 'unfriendly' greeting for uninvited warships

20 Aug 2019

MANILA President Rodrigo Duterte warned on Tuesday foreign ships faced "unfriendly" treatment if they ventured into Philippines' territorial waters without permission, in a swipe at China's deployment of warships a few miles off the coast.

Philippine central bank poised to cut rates as second-quarter GDP growth slows

08 Aug 2019

MANILA The Philippine central bank is expected to resume cutting interest rates on Thursday to buttress the economy after growth slipped to its weakest in 17 quarters, hurt by tepid government spending and private sector investment.

Founder of site linked to mass shootings says he created 'a monster'

06 Aug 2019

MANILA The creator of a far-right online message board connected to three mass shootings that killed dozens of people has described himself as "naive and ignorant", likening the platform 8chan to Frankenstein's monster, with no limit to its extremism. | Video

Philippines' Metro Pacific's hospital stake draws over a dozen potential buyers

01 Aug 2019

MANILA/SINGAPORE Metro Pacific Investments Corp has received interest from many potential buyers for a minority stake in its hospital unit, which could be valued at up to $2.5 billion in the largest healthcare deal in the Philippines.

Philippines' San Miguel set to win $14.5 billion airport project

31 Jul 2019

MANILA Philippine conglomerate San Miguel Corp is set to win a contract to build and operate an airport project worth 735.6 billion pesos ($14.47 billion), aimed at decongesting Manila's ageing facility, a government official said on Wednesday.

Philippines' Jollibee sets sights on Indonesia with Coffee Bean beachhead

31 Jul 2019

MANILA Philippines' Jollibee Foods Corp is training its sights on Indonesia, with newly acquired U.S. chain Coffee Bean & Tea Leaf its entry point in the economically expanding and densely populated Southeast Asian neighbor, its top officials said.

World News