Philippines - Market factors to watch - Jan 3

MANILA, Jan 3 (Reuters) - Here are news stories and
press reports which may influence local financial markets on
Tuesday:

WHAT IS HAPPENING TODAY IN THE PHILIPPINES:
- Bureau of Treasury holds 7-year Treasury bond auction,
1:00 p.m. [0500 GMT]

REUTERS NEWS - PHILIPPINES
> Philippines ready to fund $3.2 bln infra projects
> Philippine stock exchange extends trading hours

LOCAL PRESS REPORTS
(Reuters has not verified these stories)
- The Aquino administration remains determined to hold off a
push for new taxes this year until steps to improve collections
prove insufficient to boost revenues adequately, Presidential
Spokesman Edwin Lacierda said. (BUSINESSWORLD, BUSINESSMIRROR)
- Project commitments approved by the Board of Investments
totaled 368.94 billion pesos ($8.4 billion) in 2011, exceeding
the agency's 350-billion-peso target for the year, the Trade
department said. (ALL PAPERS)
- The property sector will continue to grow this year,
particularly in terms of commercial office space, with demand
expected to remain resilient despite global economic
uncertainties, consultancy firm Colliers International
Philippines said. (BUSINESSWORLD)
- Black River Capital Partners Food Fund Holdings
(Singapore) Ptd Ltd has acquired a 28.11-percent stake in
AgriNurture Inc for $30.45 million. (ALL PAPERS)
- Megaworld Corp said it planned to launch 11
residential projects within the first half of this year after
having been named the country's top condominium developer in the
last decade, with a 17 percent market share, by property
consultancy CBRE Philippines. (ALL PAPERS)
- Placements in the Philippine central bank's special
deposit accounts facility rose 34 percent to 1.66 trillion pesos
in 2011 from a year earlier, official data showed. (THE
PHILIPPINE STAR)
- The Bureau of Customs estimates its collections in 2011 to
have reached 290.766 billion pesos, below its 320-billion-peso
goal. (THE PHILIPPINE STAR)
- DMCI Power Corp, a unit of DMCI Holdings, plans
to participate in the planned privatisation of 12 areas under
the Small Power Utilities Group soon to be auctioned off by the
state-run National Power Corp, allowing it to build, own and
operate power generation facilities in far-flung areas.
(PHILIPPINE DAILY INQUIRER, MANILA STANDARD TODAY)

MARKET NEWS
> Euro makes shaky start,oil spikes on Iran tension
> Wall St Week Ahead: You thought 2011 was tough?
> Oil climbs more than $1 on Iran worries

---------------- MARKET SNAPSHOT AT 2351 GMT -----------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1257.6 -0.43% -5.420
USD/JPY 76.93 0.09% 0.070
10-YR US TSY YLD 1.8762 -- 0.000
SPOT GOLD 1570.05 0.30% 4.640
US CRUDE 100.34 1.53% 1.510
DOW JONES 12217.56 -0.57% -69.48
ASIA ADRS 113.31 0.60% 0.68
--------------------------------------------------------------
($1 = 43.8 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:
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(Reporting by Manila Newsroom)