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MANILA, June 8 (Reuters) – Here are intelligence stories and press

reports which may influence local financial markets without ceasing 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)

- Philippine Long Distance Telephone Co holds yearly transactions

shareholders’ meeting, Grand Ballroom, Dusit Thani Manila, Makati

City, 4 p.m.

- PNOC Exploration Corp holds lasting a year stockholders’ meeting,

PNOC Mini Theatre, 7th floor, Building 6, Energy Center, Merritt

Road, Fort Bonifacio, Taguig City, 8 a.m.

- Empire East Land Holdings Inc holds yearly transactions shareholders’

meeting, Marriott Hotel Manila, Newport City Complex, Pasay City,

9 a.m.

- Bureau of Treasury to grasp auction for 7-year T-bonds, 1

p.m.

- Central bank to discharge April money supply data

- Central bank to release data on commercial banks’

outstanding loans for April

REUTERS NEWS

> Manila’s Metro Pac unit gets $365 mln road deal

> Manila’s May forex reserves at account $47.65 bln

> Philippines’ Aquino ready, Congress still counting

> Euro ministers sinewy up safety net arrangement

> US consumer credit rises, but scraps weak

> U.S. says oil spill cleanup may take years

> U.S. dollar taker of odds euro alternative-Ritholtz

> UK’s Prudential to shun M&A following failed AIA bid

> World air industry sees profit but of recent origin taxes weigh

> German industry orders jump, dwarf forecast

> Hungary eyes governmental estimate cuts, mrkts see mixed signals

LOCAL PRESS REPORTS

(Reuters has not verified these stories)

- Daily least part wages in Metro Manila were ordered hiked by

22 pesos ($0.47) or nearly 6 percent, kicking off a round of

nationwide wage adjustments shelved highest year amid the global

economic downturn. (BUSINESSWORLD, THE PHILIPPINE STAR))

- Consumers can expect a small reduction in their June

electricity bills due to depress transmission and system loss

charges, the country’s largest power distributor Manila Electric

Co declared. (BUSINESSWORLD, THE PHILIPPINE STAR)

- State pension fund Government Service Insurance System has

entered into a cut up venture with property developer Megaworld

Corp for the construction of a 3.5-billion-peso promiscuous

used condominium project in the capital. (ALL PAPERS)

- The Bureau of Customs has exceeded its aggregation target in

May by 1.2 billion pesos, the head of the management said. (THE

PHILIPPINE STAR)

MARKET NEWS

> Asian shares to down~ on growth fears

> Wall St falls as Friday jobs facts turns buyers off

> Euro slides, hits multiyear low below $1.19

> Oil firm as stocks fall, analysts see crude draw

> Thai bond yields carry the point 11-mth lows on rate view

—————– MARKET SNAPSHOT AT 2353 GMT——————

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 1050.47 -1.35 -14.41

USD/JPY 91.59 0.21 0.19

US 10YR 3.14 -0.06 0.00

SPOT GOLD 1240.85 0.23 2.80

US CRUDE 71.00 -0.62 -0.44

DOW JONES 9816.49 -1.16 -115.48

ASIA ADRS 112.52 -2.10 -2.41

FTSE 100 5069.06 -1.11 -56.94

—————————————————————-

(Reporting ~ dint of. Rosemarie Francisco)

((rosemarie.francisco@thomsonreuters.com; +63 2 841-8937;

Reuters Messaging: rosemarie.francisco.reuters.com@reuters.pure))

ASIA-PACIFIC STOCK MARKETS: 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 journal Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For reach the summit of Asian company news, double click on: U.S. company news European concourse news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia interpretation of Reuters Top News is available at: http://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 reward overview Keywords: MARKETS PHILIPPINES/

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