Reuters: Financial Services and Real Estate: Philippines - Market factors to watch - March 30

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Philippines - Market factors to watch - March 30 Mar 30th 2012, 01:00 Thu Mar 29, 2012 9:00pm EDT MANILA, March 30 (Reuters) - Following are some news stories and press reports that could influence local financial markets on Friday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - CitisecOnline.com Inc holds annual stockholders' meeting, Sapphire A of Crowne Plaza Galleria Manila, Ortigas Avenue corner Asian Development Bank Avenue, 2:00 p.m. [0600 GMT] - Department of Energy to open sealed bids for 30 coal exploration projects, DOE Building, Taguig City, 11:00 a.m. [0300 GMT] - European Chamber of Commerce of the Philippines holds news conference on labor and health issues in the contact center industry, Quantum Cafe, 9590 Kamagong corner Bagtikan St., Makati City, 11:00 am [0300 GMT] REUTERS NEWS - PHILIPPINES > March CPI to edge up, but hold below 3 pct > Manila collects more tax than expected in Feb > Manila offers U.S. wider military access > Asian states to double currency defence fund > Investors cut Asia more FX bets LOCAL PRESS REPORTS (Reuters has not verified these stories and does not vouch for their accuracy) - Team Energy, a partnership between Japan's Marubeni Corp and Tokyo Electric Power Co Inc, said the $700 million expansion of its Pagbilao coal-fired power plant in the Philippines will begin sometime next year, adding 400 megawatts to the facility's current 700-MW capacity. (PHILPPINE DAILY INQUIRER) - Corporate bond issuances in the Philippines dropped 13 percent last year to 181 billion pesos ($4.2 billion) as companies tapped more funds from other sources such as equity sale and bank loans, the central bank said. (PHILIPPINE DAILY INQUIRER) - Rizal Commercial Banking Corp said it had raised $75 million via the reopening of its 2017 bond issue, which previously raised $200 million. (PHILIPPINE STAR) - Consumer confidence in the Philippines improved in the first quarter in an indication that demand will stay strong and help fuel the economy, the central bank said. (BUSINESSWORLD) - The Energy Regulatory Commission has approved Manila Electric Co's petition to raise its rates by 4 centavos per kilowatthour effective next month. (ALL PAPERS) MARKET NEWS > GLOBAL MARKETS-Shares steady as Q1 ends > SE Asia Stocks-Mostly up with inflows > Yen momentum seen fading, Europe in focus > Oil falls, talk of SPR release encourages > Gold edges down, pares losses as qtr-end nears ----------------- MARKET SNAPSHOT AT 0023 GMT --------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1403.28 -0.16% -2.260 USD/JPY 82 -0.52% -0.430 10-YR US TSY YLD 2.1658 -- 0.007 SPOT GOLD 1660.09 -0.05% -0.790 US CRUDE 103.34 0.54% 0.560 DOW JONES 13145.82 0.15% 19.61 ASIA ADRS 128.64 -0.67% -0.87 ------------------------------------------------------------- ($1=43.0 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: IPO diary & data Asia earnings diary U.S. earnings diary European diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: topnews.session.rservices.com LIVE PRICES & DATA: Philippine stocks Philippine peso Philippine debt Debt World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 LME price overview (Reporting by Manila Newsroom; Editing by John Mair) Link this Share this Digg this Email Reprints

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