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PRESS DIGEST - Philippine newspapers - Nov 11

MANILA, Nov 11 (Reuters) - These are the leading stories in Manila newspapers on Wednesday. Reuters has not verified these stories.

- The Senate Blue Ribbon committee recommended the filing of graft charges against First Gentleman Jose Miguel Arroyo and other personalities involved in the allegedly anomalous multi-million dollar national broadband network contract with China’s ZTE Corp. (THE PHILIPPINE STAR, MANILA STANDARD TODAY, BUSINESSWORLD)

- President Gloria Macapagal Arroyo ordered disaster officials to review the state of calamity imposed over Luzon in response to calls by the oil industry to lift the price freeze on petroleum products, Socioeconomic planning chief Augusto Santos said. (THE PHILIPPINE STAR, MANILA BULLETIN, BUSINESSWORLD)

- Unidentified gunmen stormed a plywood factory in Basilan and abducted three workers, a day after Muslim militants beheaded a school principal in nearby Jolo, officials said. (MALAYA, THE MANILA TIMES, MANILA STANDARD TODAY

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BUSINESS

- Utility firm Manila Water Co MWC.PS is setting aside 10 billion pesos ($213 million) in the next 12 months to fund its capital expenditure, its president said.

- The government has lifted the eight-year-old ban on the importation of meat and bone meal from the United States, following a safety certification from a global animal health authority. (BUSINESSWORLD)

- Typhoons Ketsana and Parma will cut the country’s gross domestic product by 0.2 percentage point in the third quarter and 0.6 percentage point in the fourth quarter, the National Statistical Coordination Board said. (MANILA STANDARD TODAY) ($1 = 46.92 Philippine pesos) (Reporting by Karen Lema)

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