PHILIPPINE DAYBOOK: August Exports, Money Supply, Bank Lending
Philippine exports rose 5.5 percent in August from a year earlier, according to a median estimate of 9 economists in a Bloomberg survey before the 9 a.m. report.
July overseas shipments increased 6 percent to $4.73 billion, rising for a fourth straight month on higher sales of manufactured goods and forest products.
EVENTS: *The central bank releases August money supply and bank lending data (time not set) *Foreign Affairs Secretary Albert Del Rosario, Environment Secretary Ramon Paje, Public Works Secretary Rogelio Singson, central bank Deputy Governor Nestor Espenilla, Ombudsman Conchita Carpio-Morales are among speakers on second day of the Philippine Business Conference and Exhibition *Yehey Corp. holds briefing on planned stock-exchange at 4 p.m.
EQUITIES: *Bank of the Philippine Islands (BPI@PM) and BDO Unibank (BDO PM) are among companies interested in offering exchange-traded funds, SEC Commissioner Juanita Cueto told reporters in Manila. The regulator plans to issue rules on ETFs this week.
*The Securities and Exchange Commission’s investigation into the trading of Calata (CAL@PM) shares will be completed by end- October, SEC Chairwoman Teresita Herbosa said in a briefing. The regulator is also probing six cases of stock price manipulation and three insider trading cases, Herbosa said. She did not name the parties and the stocks involved.
MARKETS: *Philippine Stock Exchange Index falls 0.7 percent *Peso rose 0.1 percent *MSCI Asia Pacific Index falls 0.4 percent *Dow Jones Industrial Average declines 0.8 percent
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