Market News

Reuters Southeast Asia News Highlights 0900 GMT Oct 6

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 PADANG, Indonesia - Health workers doused the Indonesian
city of Padang with disinfectant over concerns about disease
outbreaks six days after a deadly earthquake rattled Sumatra.
 The rescue mission in Padang, a port of 900,000, and in
surrounding hills devastated by landslides has now turned to a
huge relief effort to help thousands who have lost their homes.
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 MANILA - Tropical storm Parma, stalled for two days off
northwestern Philippines, was slowly heading toward the
country's tobacco-producing region after killing at least 22
 Right behind it is Typhoon Melor, a category 4 storm
currently south of Okinawa and on a path that could take it
over Tokyo by Thursday, according to the weather tracking
website Tropical Storm Risk. [nMAN489557]
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 MANADO, Indonesia - Indonesia's North Sulawesi has approved
an environmental study for a gold project involving U.K.-based
miner Archipelago Resources, the province's governor said.
 Archipelago Resources, which owns 85 percent of the
Indonesian unit, PT Meares Soputan Mining (MSM), had to delay
development of its Toka Tindung gold project in North Sulawesi
due to environmental concerns from the local government.
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 MANILA - Philippine annual inflation picked up in September
for the first time in seven months but the average rate this
year and next should stay on target despite higher prices
caused by typhoons, central bank officials said.
 Inflation stood 0.7 percent in September, its first annual
rise against the previous month since February, and analysts
and the central bank expect farming losses from two typhoons in
the past two weeks to push up food costs. [nMAN521698]
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 HONG KONG - Singapore Airlines said that its yields
improved in the quarter ended September, but would remain
negative through to the end of the year as the sector struggles
in the economic downturn.
 "The trends are moving in the right direction. We hope it
will hold, but it's hard to tell," Chew Choon Seng, CEO of the
world's biggest airline by market value, told reporters on the
sidelines of an aviation conference in Hong Kong. [nHKG176695]
 (Compiled by Carl Bagh)