Philippines-Market factors to watch - Nov 16

MANILA, Nov 16 (Reuters) - Here are news stories and press reports which may influence local financial markets on Monday. WHAT IS HAPPENING TODAY IN THE PHILIPPINES, ALL TIMES LOCAL FOLLOWED BY GMT (The inclusion of items does not necessarily mean that Reuters will cover the event) - SM Investments Corp to hold briefing on its third quarter results, The Peninsula Manila, 11 a.m. (0300 GMT) - Central bank to release data for September overseas workers remittances - Department of Agriculture to release Q3 farm growth data, 9 a.m. (0100 GMT) - 6th International Rice Genetics Symposium (to 19th), Manila Hotel. - The small Liberal Party is set to formally proclaim Senators Simeon Benigno "Noynoy" Aquino and Manuel "Mar" Roxas as their presidential and vice presidential candidates for next May's elections in a party convention at Club Filipino at 9 a.m. (0100 GMT) - National Food Authority holds pre-bidding conference for 600,000 tonnes rice tender on Dec. 1, SRA Social Hall, Philippine Sugar Center Building, North Avenue, Diliman, 10 a.m. (0200 GMT) PHILIPPINES, REGIONAL AND MARKETS NEWS - REUTERS HEADLINES > Philippine 2010 net FDI flows seen $1.7 bln > Manila's Ayala Corp has 13 bln pesos for investments > Manila c.bank eases bank accounting rules > Philippines to remove fuel price cap > ASEAN to set up $1 bln infrastructure fund > China-US spar over currencies > Obama pledges greater US engagement in Asia > IMF chief does not see double-dip US recession > US STOCKS -- Wall St gains on retail hopes > EUROPE STOCKS -- FTSE closes at 14-month high LOCAL PRESS REPORTS -- Oil firms said they would increase prices in installments and not go for the full 4 to 5 pesos ($0.08-0.10) a litre -- the amount they claimed they have to recover -- when the cap on fuel prices in Luzon is lifted today. (PHILIPPINE DAILY INQUIRER) - The Bureau of Customs ordered Pilipinas Shell Petroleum Corp to pay 7.34 billion pesos in excise taxes and value-added tax for importations of unleaded gasoline from 2004 up to October 2009. (PHILIPPINE DAILY INQUIRER) - President Gloria Macapagal Arroyo ordered the release of 6.37 billion pesos to tobacco producing provinces, representing their 15 percent-share in excise tax collections on tobacco products from 1997 to 2007. (BUSINESSMIRROR, MALAYA, BUSINESSWORLD) - SM Development Corp is setting aside 10.4 billion pesos for capital expenditures next year, up from the 7 billion pesos it spent this year, the company said in a statement. (BUSINESSWORLD) - More people slipped below the poverty line this year, making it impossible for the Philippines to attain the Millennium Development Goal of reducing poverty by half by 2010, economists said. (PHILIPPINE DAILY INQUIRER, BUSINESSMIRROR) - Philippine Airlines, a subsidiary of PAL Holdings Inc , incurred a net loss of $18.6 million for the fiscal first half ended September 30, significantly lower than the $113 million net loss recorded in the same period last year. (MALAYA) ---------------------- MARKET SNAPSHOT @ 2306 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1093.48 0.57 6.240 USD/JPY 89.56 0.04 0.040 10-YR US TSY YLD 3.4233 -- 0.000 SPOT GOLD 1123.05 0.41 4.550 US CRUDE 76.69 0.45 0.340 DOW JONES 10270.47 0.72 73.00 ASIA ADRS 125.26 1.02 1.27 ------------------------------------------------------------- For a diary of forthcoming events see (Reporting by Karen Lema) (([e-mail]; [phone]; Reuters Messaging: [e-mail])) ASIA-PACIFIC STOCK MARKETS: 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: http://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 Keywords: MARKETS PHILIPPINES/ (If you have a query or comment on this story, send an email to [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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