Yes: Olive or brown-skinned, tanned. The trait was brought in when the Philippines got colonized by the Portuguese or other fair-skinned nations.
In Spanish moreno can refer to either a dark-haired or a dark-skinned person (or both at the same time obviously).
Even when we get tanned during the summer, we say we get "moreno."
Today, since calling a black person "black" seems to be an intolerable offence, the word "moreno" is sometimes used an a euphemism to refer to a black person, but it's not at all its chief meaning.
The Philippines' name derives from the Spanish King Philip II, who conquered the islands for the Spanish Empire. They were a Spanish province for over 300 years. You were partly right though: the first explorer to arrive to the Philippines was Magallanes who, although born Portuguese, had become a Spanish subject and worked for the Spanish crown.
History lesson over. That's what happens when you don't drop an update for 8 months and still counting.