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Neil Jerome Morales

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

Aug 08 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'

Aug 06 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

Aug 01 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

Jul 31 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

Jul 30 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.

Eight killed in quake, aftershocks in Philippines, 60 injured: agency

Jul 26 2019

MANILA An earthquake and aftershocks struck islands off the north of the Philippines on Saturday killing eight people and injuring 60, disaster officials said.

Philippines' Jollibee buying Coffee Bean & Tea Leaf in overseas expansion

Jul 24 2019

MANILA Jollibee Foods Corp , Philippines' largest food service network operator, is buying U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of an expansion outside its home market.

Philippines' Duterte defends China gambit in annual address

Jul 22 2019

MANILA Philippine President Rodrigo Duterte launched a spirited defense of his relationship with China on Monday, insisting that his refusal to challenge its maritime assertiveness was not capitulation, but an avoidance of conflict.

War on numbers: Philippines targets drug killing data

Jul 18 2019

MANILA Facing a U.N. human rights investigation into its bloody war on drugs, the Philippines presented a new death toll on Thursday to counter much higher numbers given by critics.

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

Jul 17 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.

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