Philippines - Market factors to watch - Nov 16

Tue Nov 15, 2011 7:31pm EST

MANILA, Nov 16 (Reuters) - Here are news stories and
press reports which may influence local financial markets on
Wednesday:	
    	
    WHAT IS HAPPENING TODAY IN THE PHILIPPINES:                 	
    - Araneta Properties Inc holds annual stockholders' meeting,
21/F Citibank Tower, Paseo de Roxas, Makati City, 9:00 a.m.
[0100 GMT]	
    - Citiseconline.com Inc holds special stockholders' meeting,
Nostalg 1&2, Oakwood Premier Joy-Nostalg Center Manila, 17 ADB
Avenue, Ortigas Center, Pasig City, 2:00 p.m. [0600 GMT]	
    - Zeus Holdings Inc holds annual stockholders' meeting,
Penthouse, Lepanto Building, 8747 Paseo de Roxas, Makati City,
2:00 p.m. [0600 GMT]	
    - Launch of the strengthening program for cooperative banks
and signing of the memorandum of agreement among the central
bank, Land Bank of the Philippines and the Philippine Deposit
Insurance Corp, Executive Business Center, Bangko Sentral ng
Pilipinas, Malate, 11:00 a.m. [0300 GMT]	
    	
    REUTERS NEWS - PHILIPPINES	
> Philippines sees 2011 rice output below goal  	
> Philippines says sees Q3 GDP growth above Q2  	
> September remittances up 8.4 pct y/y          	
> Daelim wins $1.1 bln Philippines plant order  	
> First Gen 9-mth net income falls 83 pct       	
> Clinton in Manila amid ASEAN row over S.C. Sea 	
> Manila criticises ASEAN over row with China   	
         	
    LOCAL PRESS REPORTS  	
    (Reuters has not verified these stories)          	
    - Officials of Changi airport in Singapore are interested in
helping the Philippines rehabilitate the 30-year old main
international airport in the capital, as the government
undertakes a 1.2 billion pesos ($28 million)rehabilitation of
the airport. (BUSINESSMIRROR)	
    - State pension fund Government Service Insurance System has
partnered with various multilateral financial institutions to
provide up to $750 million for a proposed Philippine
infrastructure fund. (BUSINESSMIRROR, MANILA STANDARD TODAY)	
    - Conglomerate Alliance Global Group Inc said
profits jumped nearly 84 percent to 9.9 billion pesos in the
nine months to September, propped up by a one-time gain as well
as strong contributions from its core real estate, food and
beverage, and leisure operations. (BUSINESSMIRROR, MANILA
STANDARD TODAY, PHILIPPINE DAILY INQUIRER)	
    - Monte Oro Resources and Energy Inc, led by port tycoon
Enrique Razon, is acquiring a 5-percent stake in listed gold
miner Apex Mining Co Inc. for $6 million.
(BUSINESSMIRROR, PHILIPPINE DAILY INQUIRER, MANILA STANDARD
TODAY)	
    - Budget carrier Cebu Pacific recorded more than 1
million passengers in October, a first for any Philippine
carrier, matching records it set in April and May.
(BUSINESSMIRROR)	
    - PetroEnergy Resources Corp said the Department
of Energy has confirmed the commercial viability of the
20-megawatt Maibarara geothermal integrated steamfield and power
plant project in Sto. Tomas, Batangas. (BUSINESSMIRROR,
PHILIPPINE DAILY INQUIRER)	
    - Conglomerate JG Summit Holdings said net income
in the first nine months of the year fell 40 percent to 7.8
billion pesos on lower contributions from its airline and food
and beverage units. (BUSINESSMIRROR)  	
      	
    MARKET NEWS                	
> SE Asia stocks pull back amid euro zone concerns  	
> Euro slips on debt fears, Wall St ends up on data 	
> Euro soft as debt crisis threatens more EU members 	
> Oil up on economic data despite EU contagion worry 	
> Gold trades flat, euro jitters help recoup losses 	
    	
---------------- MARKET SNAPSHOT AT 0010 GMT ------------------	
                 INSTRUMENT      LAST       PCT CHG    NET CHG	
 S&P 500                        1257.81      0.48        6.03
 USD/JPY                          77.05      0.03        0.02
 US 10YR                           2.04     -0.53       -0.01
 SPOT GOLD                      1777.69     -0.19       -3.31
 US CRUDE                         99.20     -0.17       -0.17
 DOW JONES                     12096.16      0.14       17.18
 ASIA ADRS                       117.77      0.09        0.11
 FTSE 100                       5517.44     -0.03       -1.60
 --------------------------------------------------------------  
 	
($1 = 43.3 pesos)            	
  Pan-Asia...... Japan........ S.Korea.... 	
  S.E. Asia............ Hong Kong... Taiwan..... 	
  Australia/NZ.........  India....... China..... 	
    	
  OTHER MARKETS:	
  Wall Street...........  Gold....... Currency. 	
  Eurostocks...........  Oil......... JP bonds.. 	
  ADR Report.......... LME metals.. US bonds.. 	
  Stocks News US... Stocks News Europe.. 	
    	
  DIARIES & DATA:	
  IPO diary & data  Asia earnings diary 	
  U.S. earnings diary   European diary     	
  Wall Street Week Ahead   Eurostocks Week Ahead 	
  World forecasts   	
    	
  TOP NEWS:	
  For top Asian company news, double click on:        	
  U.S. company news    European company news 	
  Forex news           Global Economy news 	
  Technology news     Telecoms news      	
  Media news         Banking news         	
  Politics/General news  Asia Macro data    	
  A multimedia version of Reuters Top News is available at:	
  topnews.session.rservices.com	
    	
  LIVE PRICES & DATA:	
  Philippine stocks          Philippine peso      	
  Philippine debt          Debt   	
  World Stocks           Currency rates  	
  Dow Jones/NASDAQ     Nikkei              	
  FTSE 100                  LME price overview  	
	
 (Reporting by Manila Newsroom)