Philippines - Market factors to watch - Jan 12

MANILA, Jan 12 (Reuters) - Here are news stories and
press reports which may influence local financial markets on
Thursday:

WHAT IS HAPPENING TODAY IN THE PHILIPPINES:

- President Benigno Aquino, Agriculture Secretary Proceso
Alcala, Energy Secretary Jose Rene Almendras and Sugar
Regulatory Administration Chief Regina Bautista-Martin to speak
at 1st Philippine International BioEnergy Conference, Manila
Hotel, 9:00 a.m. [0100 GMT]

- Central bank to release December foreign portfolio
investments data

- UBS holds breakfast presentation with strategist and
executive director Kelvin Tay as speaker, The Peninsula Manila,
8:00 a.m. [0000 GMT]

- Mariwasa SIAM Holdings Inc holds special stockholders'
meeting, Mariwasa Compound, Barrio San Antonio, Sto. Tomas,
Batangas, 8:00 a.m. [0000 GMT]

REUTERS NEWS - PHILIPPINES
> Manila eyes $1.5 bln from Qatar, Kuwait
> Manila: 2011 budget gap at around half of goal
> Nickel Asia to sell more laterite ore to China
> San Miguel says to buy into 2 local tollway firms
> San Miguel to sell 60 pct of bank unit to CIMB

LOCAL PRESS REPORTS

(Reuters has not verified these stories)

- Property giant Ayala Land Inc will invest 12.5
billion pesos ($284 million) to boost developments in its
1,860-hectare mixed-used development in Laguna province called
Nuvali within the next five years to sustain its potential as a
major cash cow outside of its flagship Makati central business
district in the capital. (PHILIPPINE DAILY INQUIRER)

- Petron Corp's will invest in the downstream,
operations of Exxon Mobil Corp in Malaysia, the company
said in a regulatory filing. (PHILIPPINE DAILY INQUIRER)

- Banks operating in the Philippines see demand for loans
growing between 15 percent and 20 percent this year on the back
of sound macroeconomic fundamentals. (THE PHILIPPINE STAR,
PHILIPPINE DAILY INQUIRER)

- The Department of Energy allayed fears of imminent fuel
supply shortages and possible rationing over the next several
weeks as tensions in Iran continue to mount. (PHILIPPINE DAILY
INQUIRER)

- Land Bank of the Philippines is raising 6.5 billion pesos
via 10-year Tier 2 unsecured subordinated notes to fund loans to
farmers and fisherfolk, its president said. (MANILA BULLETIN)

- The Bureau of Customs cut down the revenue targets of its
big collection districts in 2011, significantly reducing the
shortfalls of the country's biggest ports, data from the agency
showed. (BUSINESSMIRROR)

MARKET NEWS
> Sing dlr, won down;inflows lift Taiwan,Philippines
> Euro drops to 16-month low, global stocks dip
> Oil down on US crude stockpiles rise, Europe woes
> Gold hits 1-month high, breaks ranks with euro

---------------MARKET SNAPSHOT AT 0000 GMT ----------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1292.48 0.03 0.40
USD/JPY 76.86 -0.01 -0.01
US 10YR 1.91 0.20 0.00
SPOT GOLD 1642.19 0.09 1.40
US CRUDE 101.29 0.42 0.42
DOW JONES 12449.45 -0.10 -13.02
ASIA ADRS 118.50 0.17 0.20
FTSE 100 5670.82 -0.45 -25.88

($1 = 43.99 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

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(Reporting by Manila Newsroom)