Asia Top News and Analysis Philippines

More

  • People walk on a busy street in Quiapo on October 28, 2011 in Manila, Philippines. The United Nations today released their 2011 State of the World Population Report, which indicates Asia is home to 60 per cent of the world's population. The Philippines has a young population, with 54 per cent of the population under 25.

    The Philippines has long been among Asia's most aggressive sovereign borrowers. Now it is about to become one of its most attractive to foreign investors, too.

  • As Asia’s economic giants China and India experience a slowdown, analysts recommend looking at a smaller regional player, which has been delivering on its growth promises.

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

  • GLOBAL MARKETS-Stocks, oil falter on view on China economy. STOCK TO WATCH- ALLIANCE GLOBAL GROUP INC. Shares of conglomerate Alliance Global, which have risen sharply over the past month, could reverse, technical charts suggest.

  • TOKYO, Oct 9- Asian shares edged higher on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings.

  • Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • BANGKOK, Oct 8- Southeast Asian stocks mostly retreated on Monday amid concerns over the global economic outlook, with Indonesia coming off an intraday record on selling in recent gainers such as Astra International. property shares led Singapore lower.

  • Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.

  • BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • SINGAPORE, Oct 8- The World Bank on Monday cut its 2012 growth forecast for developing East Asia amid a slowdown in China but said economic activity in the region will likely pick up next year. The bank maintained its 2012 GDP forecasts for Indonesia and Thailand, and raised the outlook for Malaysia and the Philippines.

  • Philippine bourse listings hit record $4.2 bln- Philippine Daily Inquirer. Marriott to build $300 mln convention center- The Philippine Star. Tender for $1.5- bln railway project set for Jan- The Philippine Star.

  • Philippine bourse listings hit record $4.2 bln- Philippine Daily Inquirer. Marriott to build $300 mln convention center- The Philippine Star. Tender for $1.5- bln railway project set for Jan- The Philippine Star.

  • Marriott to build $300 mln convention center- The Philippine Star. Tender for $1.5- bln railway project set for Jan- The Philippine Star. NOTE: Reuters has not verified these stories and does not vouch for their accuracy.

  • Bidding for $1.5- bln railway project set for Jan- The Philippine Star.

  • MANILA, Oct 8- Following are some market news which could have an impact on the local market. INSTRUMENT LAST PCT CHG NET CHG S&P 500 1460.93 -0.03 -0.470 USD/JPY 78.7 0.06 0.050 10- YR US TSY YLD 1.7428-- 0.000 SPOT GOLD 1778.6 -0.11 -1.880 US CRUDE 89.66 -0.24 -0.220 DOW JONES 13610.15 0.26 34.79 ASIA ADRS 120.65 -0.45 -0.55.

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

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • JEDDAH, Saudi Arabia, Oct 6- Saudi Arabia's Kingdom Holding, the investment firm of Saudi billionaire Prince Alwaleed bin Talal, sold its interest in the Fairmont Hotel and Raffles Suites& Residences in Manila for 218 million riyals, it said on Saturday. Kingdom Holding has minority stakes in some of the world's top companies.