Philippines - Market factors to watch - Dec 29

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

WHAT IS HAPPENING TODAY IN THE PHILIPPINES:

- Central bank to release highlights of Dec. 1 policy review

- Central bank to release third quarter external debt data

REUTERS NEWS - PHILIPPINES
> Philippines sets Q1 local borrowing at $2.7 bln
> San Miguel, Citra mull tollway project
> San Miguel in talks on Philippine Air refleeting
> Philippines October imports up 2.3 pct yr/yr
> GMA Hldgs scores low on analysts' revisions

LOCAL PRESS REPORTS

(Reuters has not verified these stories)

- The government expects to cap the year with a spending
boost as President Benigno Aquino has approved 13 billion
Philippine pesos ($295 million) in additional expenditures to
support economic growth, Budget Secretary Florencio Abad said.
(BUSINESSWORLD)

- Government borrowings from January to November totaled
501.458 billion pesos, 30.5 percent lower than the 721.914
billion pesos registered in the same period last year, as Manila
kept its fiscal deficit well below the ceiling, Bureau of
Treasury data showed. (BUSINESSWORLD, MANILA BULLETIN)

- Global miner BHP Billiton Ltd has sealed a deal
to acquire a 60 percent stake in an oil prospect in offshore
Palawan from Otto Energy Ltd for $7.3 million.
(BUSINESSWORLD, PHILIPPINE DAILY INQUIRER)

- Rizal Commercial Banking Corp has raised around
3.8 billion pesos from its offer of long-term negotiable
certificates of deposits, less than its target of 5 billion
pesos, its treasurer said. (BUSINESSWORLD)

MARKET NEWS
> SE Asia Stocks-Most drift lower in light trade
> Wall St ends 5-day rally on euro-zone concerns
> Euro nears 1-yr low vs dlr, hits 10-yr low vs yen
> Oil falls on dollar's rise, Wall St pullback
> Gold down 2 pct, at 3-month low as dollar surges

---------------- MARKET SNAPSHOT AT 2344 GMT -----------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 #N/A STOP#N/A STOP #N/A STOP
USD/JPY 77.93 -0% 0.000
10-YR US TSY YLD 1.9214 -- 0.000
SPOT GOLD 1555.05 -0.01% -0.140
US CRUDE 99.64 0.28% 0.280
DOW JONES 12151.41 -1.14% -139.94
ASIA ADRS 111.17 -1.45% -1.63
--------------------------------------------------------------
($1 = 44 pesos)
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:
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

(Reporting by Manila Newsroom)