RPT-Philippines-Market factors to watch - March 16

(Repeats for screen clients)

MANILA, March 16 (Reuters) - Here are news stories and
press reports which may influence local financial markets on
Tuesday.

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)

- National Statistics Office to release January labour
force survey

- Bureau of Treasury to hold 5-year T-bond auction, 1 p.m.
(0500 GMT)

- Start of Manila's hosting of three-day Non-Aligned
Movement inter-faith meeting at the PICC, 9 a.m. (0100 GMT)

REUTERS HEADLINES > Philippines' Jan remittances up 8.5 pct
y/y [nMNB002569] > Manila's San Miguel open to sell SMB
stake to Kirin[nMNB002568] > World Bank ups Philippine GDP
forecast to 3.5 pct [nSGE62E077] > San Miguel eyes Philippine
airport project-sources [nSGE62E0NE] > Metal Exploration wins
environmental clearance for Philippine gold project

[nWLB0010] > Japan ups econ view but keeps
deflation warning [nTKF106890] > India inflation nears 10
pct; rate hike priced in [nSGE62E085] > China's Wen pushes back
against yuan rise calls [nTOE62D001] > U.S. lawmakers press
for action on China currency [nN15247203] > Snowstorms curb US
industrial output, rebound seen [nN15134202] > Euro ministers
say have Greek aid plan if needed
[nLDE62E0NZ]

LOCAL PRESS REPORTS

(Reuters has not verified these stories)

- The Metropolitan Waterworks and Sewerage System said it
could undertake the Laiban dam project jointly with Manila
Water (MWC.PS) and Metro Pacific Investment's (MPI.PS) Maynilad
Water Services after talks with food and beverage conglomerate
San Miguel Corp (SMC.PS) fizzled out. (ALL PAPERS)

- Local gambling firm Pacific Online Systems Corp said its
profits more than doubled in 2009 to 263 million pesos ($5.8
million) from 130 million pesos in the previous year on the
back of record sales of lottery tickets. (PHILIPPINE DAILY
INQUIRER, THE PHILIPPINE STAR)

- The government borrowed 45.76 billion pesos in January,
most of which would be used to cover spending requirements, but
also paid maturing obligations of 56.51 billion pesos,
exceeding its fresh borrowings, treasury data showed.
(PHILIPPINE DAILY INQUIRER)

- National carrier Philippine Airlines (PAL.PS) said its
acquisition of two new Boeing 777-300ER aircraft has paved the
way for the resumption of service of its Brisbane, Australia,
and Riyadh, Saudi Arabia, flights in late March. (THE
PHILIPPINE STAR)

- First Philippine Holdings (FPH.PS) unit First Philec
Solar Corp, a manufacturer of solar wafers, said it is aiming
for an initial public offering as part of its medium-term plan.
(THE PHILIPPINE STAR)

- Manila Electric (MER.PS) said it is looking at
refinancing a further 5.5 billion pesos worth of loans maturing
in the immediate term. (MANILA BULLETIN)

- The state pension fund Social Security System said it
plans to collect 3.9 billion pesos from employers in the next
five years under an amnesty program. (MANILA STANDARD TODAY)

- State-owned Home Guaranty Corp plans to tap the bond
market next month to raise up to 5.5 billion pesos to refinance
maturing debt. (PHILIPPINE STAR, MANILA STANDARD TODAY)

MARKET NEWS
> Asian stocks set for shaky start
[nSGE62E0UX]
> Wall St ends flat as banks rebound late
[nN15214141]
> Oil falls 2 pct to below $80 on firmer dollar
[nSGE62E08S]
> EM ASIA FX-Won leads broad falls on stocks
[nSGE62E05E]
> ASIA LOCAL BONDS-Indonesia bond ylds at 2-yr
lows[nTOE62E052]
> PRECIOUS-Gold up as Europe debt worries support
[nTOE62E0AF]
----------------- MARKET SNAPSHOT AT 0023GMT
-------------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1150.51 0.05 0.52
USD/JPY JPY= 90.34 -0.13 -0.12
US 10YR US10YT=RR 3.6968 -0.01 -0.00
SPOT GOLD XAU= 1108.85 0.07 0.75
US CRUDE CLc1 79.82 0.03 0.02
DOW JONES .DJI 10642.15 0.16 17.46
ASIA ADRS .BKAS 130.98 -0.37 -0.49
FTSE 100 .FTSE 5593.85 -0.57 -31.80
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(Reporting by Manila newsroom)