Reuters: Financial Services and Real Estate: Philippines - Market factors to watch - April 2

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Philippines - Market factors to watch - April 2 Apr 2nd 2012, 01:00 Tweet Share this Email Print Sun Apr 1, 2012 9:00pm EDT MANILA, April 2 (Reuters) - Following are some news stories and press reports that could influence local financial markets on Monday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - San Miguel Brewery Inc to list 2019 and 2022 bonds on the Philippine Dealing and Exchange Corp platform. Listing ceremony at The Enterprise Center - Tower 1 Lobby, 6766 Ayala Avenue corner Paseo de Roxas, Makati City, 8:30 a.m. [0030 GMT] - Bureau of Treasury to hold Treasury bill auction, 1:00 p.m. [0500 GMT] MARKET NEWS > Global stocks up on US data, euro gains on Spain > Oil ends qtr up 14 pct on Iran, supply problems > Foreign inflows drive Malaysia, Indonesia shares > EM ASIA FX-Asia FX set to see monthly losses > Gold edges up on weaker dlr after China, US data LOCAL PRESS REPORTS (Reuters has not verified these stories and does not vouch for their accuracy) - Business tycoon Lucio Tan, chairman and majority owner of flag carrier Philippine Airlines, is expected to finally present to the PAL board of directors for approval the terms of an offer made by San Miguel Corp to acquire a stake of at least 40 percent stake in the airline. (THE PHILIPPINE STAR) - The Bureau of Internal Revenue is eyeing to collect roughly 40 billion pesos ($930 million) from 100 tax evasion cases it has filed since the start of the Aquino administration. (THE PHILIPPINE STAR) - The Budget department said it has earmarked some 9 billion pesos to implement poverty-reduction projects in a move to fulfill the country's commitment to achieve the Millennium Development Goals by 2015. (BUSINESSMIRROR, THE PHILIPPINE STAR) - Indophil Resources, one of the foreign investors in the $5.9 billion Tampakan copper-gold project in Mindanao, is set to hold a general meeting in May to consider if it would pursue a planned listing on the Philippine Stock Exchange. THE PHILIPPINE STAR) - State-owned Philippine National Oil Co is being considered to spearhead the $2.1 billion natural gas pipeline from the southern province of Batangas to Manila that is expected to jumpstart and boost the country's natural gas industry. (PHILIPPINE DAILY INQUIRER) REUTERS NEWS - PHILIPPINES > Manila may award bulk of 38 coal projects in 5 mths > Manila cuts Q2 local borrowing by 9 pct vs Q1 > Cruise ship limps into Malaysian port after fire ----------------- MARKET SNAPSHOT AT 0048 GMT --------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1408.47 0.37 5.19 USD/JPY 83.12 0.16 0.13 US 10YR 2.25 1.54 0.03 SPOT GOLD 1671.69 0.23 3.79 US CRUDE 103.38 0.36 0.37 DOW JONES 13212.04 0.50 66.22 ASIA ADRS 129.43 0.61 0.79 FTSE 100 5768.45 0.46 26.42 ------------------------------------------------------------- ($1= 42.9 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) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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