Today Philippines Market Factors to Watch

MANILA, Oct 13 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday:

WHAT IS HAPPENING TODAY IN THE PHILIPPINES:

- Day 2 of the Philippine Business Conference, Manila Hotel, with speakers Transportation Secretary Mar Roxas, Justice Secretary Leila de Lima, Chief Justice Renato Corona, and Chamber of Mines of the Philippines President Benjamin Philip Romualdez. President Benigno Aquino to deliver keynote speech at 8:00 p.m. [1200 GMT]
          

   
REUTERS NEWS - PHILIPPINES

> Philippines' net FDI inflow at 9-mth low in July  
> C.bank to study policy easing as GDP forecasts cut
> Central bank says has policy flexibility          
> Uniqlo parent sees profit up,to speed up expansion
> San Miguel says power IPO still possible this yr  
> Philippines says typhoon damage at 1 mln T rice  
> Aquino says no state funeral for Marcos          
     
REUTERS NEWS - PHILIPPINES

- The Bureau of Treasury has disallowed the trading of the so-called PEACE bonds after the Bureau of Internal Revenue affirmed its ruling that the securities were subject to the 20-percent withholding tax. (PHILIPPINE DAILY INQUIRER)

- Advertising expenditures grew 15 percent in the nine months to September this year from a year earlier as corporations, particularly personal care and food companies, spent more on TV, Nielsen Media Research said. (THE MANILA TIMES)
- The Department of Environment and Natural Resources said it has approved the renewal of 10 exploration projects worth more than 426 million Philippine pesos ($9.8 million) (THE MANILA TIMES)
- The government is planning new policies to help revive the auto manufacturing and tire industries, putting local manufacturers in a position to export initially to other Southeast Asian countries.(BUSINESS-MIRROR)
- SB Equities Inc, a wholly owned subsidiary of Security Bank Corp , is in discussions with Malaysia's
second-largest bank CIMB Group Holdings Berhad for a co-branding arrangement, a company official said. (BUSINESSWORLD)    
   
MARKET NEWS
  
> Thai stocks rebound;foreign funds return to Asia  
> Stocks, euro rally on fund progress, momentum    
> Gold rises on Slovakia deal, European optimism    
> Euro up on Europe hopes; dollar/yen at 1-mo high  
> Oil, metals gain on likely euro zone deal        
> Won, Sing dlr off lows;some bet on Asia FX rebound

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Philippines - Market factors to watch - Sept 29

MANILA, Sept 29 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday:

WHAT IS HAPPENING TODAY IN THE PHILIPPINES:

- ASEAN 100 Leadership forum: One ASEAN, How Close are We?, Shangri-La Makati Hotel, 9:00 a.m. to 6 p.m. [0100 to 1000 GMT]

- Second day of the 8th International Technology Exhibition & Conference on Energy, Power and Electrical Engineering, SMX Convention Center

REUTERS NEWS - PHILIPPINES

> Philippines counts cost after typhoon departs

> Philippines puts typhoon crop damage at $16.6 mln

> ASEAN agrees data-sharing to fight militants

> Philippines eyes retail T-bond sale in mid-Oct

> NiHAO signs marketing deal with Glencore

> Cbank sees one-off inflation impact from typhoon

> Marubeni venture to expand Philippine power plant

LOCAL PRESS REPORTS

(Reuters has not verified these stories)

- Debt watchers have agreed with the Philippines' claim of improved macroeconomic foundations, a development that could boost the country's chances of gaining an investment grade rating, central bank governor Amando Tetangco said.

(BUSINESSWORLD)

- The Philippine government has signed a $500 million credit line with the World Bank for emergency relief and post-disaster reconstruction. (ALL PAPERS)

- The Philippine Stock Exchange said it had deferred the launch of a new board showcasing firms with high governance standards, called the Maharlika Board, which was originally set for this month. (BUSINESSWORLD)

- The proponents of Maibarara geothermal power project, including Trans-Asia Oil and Energy Development Corp , have signed a 2 billion peso ($46 million) loan agreement with

Rizal Commercial Banking Corp . (ALL PAPERS)

- Security Bank Corp said it was looking to raise as much as 10 billion pesos via long-term certificates of

deposits offering higher yields to investors. (PHILIPPINE DAILY INQUIRER, MANILA STANDARD TODAY)

- Belle Corp has extended until Thursday its 4.5 billion peso stock rights offer, which was supposed to end on Tuesday, due to Typhoon Nesat.

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