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Asia Top News and Analysis Philippines

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  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • *MSCI Asia ex- Japan inches up 0.3 pct, Philippines outperforms. TOKYO, Oct 4- Asian shares and the risk-sensitive Australian dollar edged higher in choppy trade on Thursday, with investors worrying about slow global growth and awaiting fresh U.S. economic data and a European Central Bank policy meeting later in the day.

  • Shares in GMA Network Inc fell sharply to hit six-month lows after the media company's talks with the PLDT Group, which sought to buy a controlling stake in it, broke down. The Philippines' main share index was up 1.2 percent while Philippine Long Distance Telephone Co gained nearly 1 percent.

  • San Miguel Brewery sees higher 2012 profit- The Philippine Star. ADB allots $1.8 bln for Philippines- Philippine Daily Inquirer. NOTE: Reuters has not verified these stories and does not vouch for their accuracy.

  • ADB allots $1.8 bln for Philippines- Philippine Daily Inquirer.

  • Low-cost flying arrives in luxury-loving Japan Wednesday, 3 Oct 2012 | 8:45 PM ET

    NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.

  • RPT-Philippines - Market factors to watch on Oct 4 Wednesday, 3 Oct 2012 | 8:45 PM ET

    MANILA, Oct 4- Following are some company-related and market news which could have an impact on the local market. -Bureau of Customs and Department of Justice hold joint press conference on latest smuggling case, 11:00 a.m.. -Closing of the Asean Maritime Forum, Manila Hotel.

  • Philippines - Market factors to watch on Oct 4 Wednesday, 3 Oct 2012 | 8:41 PM ET

    MANILA, Oct 4- Following are some company-related and market news which could have an impact on the local market. -Bureau of Customs and Department of Justice hold joint press conference on latest smuggling case, 11:00 a.m.. -Closing of the Asean Maritime Forum, Manila Hotel.

  • *To transfer sales staff from South Europe to South America. AARHUS, Denmark, Oct 3- Ailing Danish wind turbine manufacturer Vestas said on Wednesday it is stopping all non-profitable projects as it battles worsening prospects by slashing costs and jobs to lift medium-term operating margins to high single digit levels.

  • SE Asia Stocks-Most retreat; energy-related shares weak Wednesday, 3 Oct 2012 | 5:57 AM ET

    BANGKOK, Oct 3- Stocks in Singapore, Malaysia and Indonesia edged slightly lower in light to moderate volume on Wednesday as commodities and energy shares such as Golden Agri-Resources. Singapore- listed commodities firm Golden Agri-Resources fell 3.1 percent, dragging down the benchmark Straits Times Index. After a choppy session, Bangkok's SET index.

  • FACTBOX-Inflation and monetary policy in Southeast Asia Wednesday, 3 Oct 2012 | 5:02 AM ET

    Oct 3- As inflation has been under control, central banks across Southeast Asia are likely to continue supporting economic growth in the face of increased global risks from the euro debt crisis and signs of slowing in the United States and China. Asia inflation graphic: Asia inflation stories Asian central banks.

  • Low cost flying arrives in luxury loving Japan Wednesday, 3 Oct 2012 | 4:16 AM ET

    NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.

  • MANILA, Oct 3- Philippine annual inflation probably stayed close to 4 percent in September due to higher food costs, but the pace is unlikely to reduce the central bank's ability to cut interest rates, with the overall price outlook still favourable. "We are not unduly worried about inflation," said Eugene Leow, an economist at DBS in Singapore.

  • MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its other export-dependent economies.

  • ADB slashes growth forecasts for developing Asia Tuesday, 2 Oct 2012 | 9:34 PM ET

    The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.

  • MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.

  • MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.

  • Ayala Land buys out Saudi group from hotel project- Philippine Daily Inquirer.

  • Philippines - Market factors to watch on Oct 3 Tuesday, 2 Oct 2012 | 8:38 PM ET

    GLOBAL MARKETS--US stocks flat, euro up as Spain bailout in focus. -San Miguel Brewery Inc to list 2017 Series D bonds for trading on the Philippine Dealing& Exchange Corp platform. -Ninth meeting of the Asia-Pacific Tax Forum, Makati Shangri-La Hotel, Makati City.

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.