MANILA, Nov 16 (Reuters) - Here are news stories and press
reports which may influence local financial markets on Monday.
WHAT IS HAPPENING TODAY IN THE PHILIPPINES, ALL TIMES LOCAL
FOLLOWED BY GMT
(The inclusion of items does not necessarily mean that
Reuters will cover the event)
- SM Investments Corp to hold briefing on its third quarter
results, The Peninsula Manila, 11 a.m. (0300 GMT)
- Central bank to release data for September overseas
workers remittances
- Department of Agriculture to release Q3 farm growth data,
9 a.m. (0100 GMT)
- 6th International Rice Genetics Symposium (to 19th),
Manila Hotel.
- The small Liberal Party is set to formally proclaim
Senators Simeon Benigno "Noynoy" Aquino and Manuel "Mar" Roxas
as their presidential and vice presidential candidates for next
May's elections in a party convention at Club Filipino at 9
a.m. (0100 GMT)
- National Food Authority holds pre-bidding conference for
600,000 tonnes rice tender on Dec. 1, SRA Social Hall,
Philippine Sugar Center Building, North Avenue, Diliman, 10
a.m. (0200 GMT)
PHILIPPINES, REGIONAL AND MARKETS NEWS - REUTERS HEADLINES
> Philippine 2010 net FDI flows seen
$1.7 bln [ID:nMAN217622]
> Manila's Ayala Corp has 13 bln pesos for
investments [ID:nMAN266741]
> Manila c.bank eases bank accounting
rules [ID:nMAN547954]
> Philippines to remove fuel price cap [ID:nMAN408850]
> ASEAN to set up $1 bln infrastructure
fund [ID:nSIN60520]
> China-US spar over currencies [ID:nSP43459]
> Obama pledges greater US engagement
in Asia [ID:nT290029]
> IMF chief does not see double-dip US
recession [ID:nSP28857]
> US STOCKS -- Wall St gains on retail
hopes [ID:nN13481122]
> EUROPE STOCKS -- FTSE closes at
14-month high [ID:nLD51646]
LOCAL PRESS REPORTS
-- Oil firms said they would increase prices in
installments and not go for the full 4 to 5 pesos ($0.08-0.10)
a litre -- the amount they claimed they have to recover -- when
the cap on fuel prices in Luzon is lifted today. (PHILIPPINE
DAILY INQUIRER)
- The Bureau of Customs ordered Pilipinas Shell Petroleum
Corp to pay 7.34 billion pesos in excise taxes and value-added
tax for importations of unleaded gasoline from 2004 up to
October 2009. (PHILIPPINE DAILY INQUIRER)
- President Gloria Macapagal Arroyo ordered the release of
6.37 billion pesos to tobacco producing provinces, representing
their 15 percent-share in excise tax collections on tobacco
products from 1997 to 2007. (BUSINESSMIRROR, MALAYA,
BUSINESSWORLD)
- SM Development Corp (SMDC.PS) is setting aside 10.4
billion pesos for capital expenditures next year, up from the 7
billion pesos it spent this year, the company said in a
statement. (BUSINESSWORLD)
- More people slipped below the poverty line this year,
making it impossible for the Philippines to attain the
Millennium Development Goal of reducing poverty by half by
2010, economists said. (PHILIPPINE DAILY INQUIRER,
BUSINESSMIRROR)
- Philippine Airlines, a subsidiary of PAL Holdings Inc
(PAL.PS), incurred a net loss of $18.6 million for the fiscal
first half ended September 30, significantly lower than the
$113 million net loss recorded in the same period last year.
(MALAYA) ---------------------- MARKET SNAPSHOT @ 2306 GMT
------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1093.48 0.57 6.240
USD/JPY JPY= 89.56 0.04 0.040
10-YR US TSY YLD US10YT=RR 3.4233 -- 0.000
SPOT GOLD XAU= 1123.05 0.41 4.550 US
CRUDE CLc1 76.69 0.45 0.340 DOW
JONES .DJI 10270.47 0.72 73.00 ASIA
ADRS .BKAS 125.26 1.02 1.27
-------------------------------------------------------------
For a diary of forthcoming events see [PH/DIARY]
(Reporting by Karen Lema)
