PRESS DIGEST - Philippine newspapers - April 3

MANILA, April 3 (Reuters) - These are the leading stories in Manila newspapers on Friday. Reuters has not verified these stories.

- Abu Sayyaf kidnappers freed one of three Red Cross workers held hostage for two-and-a-half months in Indanan, Sulu, officials said. (ALL PAPERS)

- Lawmakers would have to abandon moves to amend the Constitution if they fail to act on related proposals before Congress adjourns on June 6, House Speaker Prospero Nograles said. (MANILA STANDARD TODAY, MALAYA, BUSINESSWORLD)

- Two former senators asked the Supreme Court to require San Miguel Corp (SMC.PS) to explain the funding source of its business acquisitions for they suspect the money came from the coconut levy fund. (MALAYA, THE PHILIPPINE STAR)

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BUSINESS

- The Metro Pacific Tollways Corp unveiled a 38.1 billion pesos ($792 million) road construction package - comprising four toll road projects - designed to decongest the major roadways in and around Metro Manila. (PHILIPPINE DAILY INQUIRER)

- SunPower Corp (SPWRA.O) plans to obtain a $75 million loan from the International Finance Corp to fund the completion of a second solar fabrication facility in the Philippines. (MANILA STANDARD TODAY, THE MANILA TIMES)

- Carmen Copper Corp, a subsidiary of Atlas Consolidated Mining and Development Corp (AT.PS), plans to spend as much as $85 million this year to complete the rehabilitation of its Toledo mine in the central Philippines. (MANILA STANDARD TODAY)

($1 = 48.06 Philippine peso)

(Reporting by Karen Lema; Editing by Valerie Lee)