Neil Jerome Morales

Philippines rejects GOJEK’s appeal against ride-hailing licence ban

Go-Jek had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector.


Philippines’ PH Resorts gets regulatory nod for $350m share offering

Proceeds from the share sale will fund the construction of a $200-million integrated casino-resort in a former U.S. military base north of the capital, and a $300-million megacasino in central Philippines.


Japan’s ANA Holdings in talks to acquire Philippine Airlines stake

The airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year.


PH regulator rejects Go-Jek’s application for Manila ride-hailing service

The Land Transportation Franchising and Regulatory Board (LTFRB) denied the petition of Go-Jek’s subsidiary to become the newest ride-hailing service in the Southeast Asian nation.


China Telecom, local tycoon join hands to bid for Philippine telco licence

The third license, which could be awarded by year-end, comes at the behest of Philippine President Rodrigo Duterte and aims to boost the country’s notoriously patchy services and end a domestic duopoly long accused of being uncompetitive.


Melco delays tender offer for PH casino unit, cancels delisting

This is the second time that Melco has withdrawn its application to delist the unit, amid minority shareholder opposition to the proposed price.


Philippines’ San Miguel halves food unit IPO size, seeks $920m

The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.


San Miguel says investors keen to pick stake worth $2.7b in food unit

The feedback from investor roadshows in Asia, Europe and the United States has been positive, San Miguel Corp President Ramon Ang said


Japan’s Universal plans backdoor listing for Philippine casino

Tiger, which owns the operator of the $2.4 billion Okada Manila integrated casino-resort, is a subsidiary of Universal.


AirAsia’s Philippine unit may postpone IPO to mid-2019

The low-cost airline had been seeking to raise up to $250 million in an IPO this year to fund its expansion programme.