Article: PHILIPPINE NEWSPAPER HIGHLIGHTS - JULY 20, 2009.

MANILA, July 20 Asia Pulse - Highlights of today's newspapers:

MANILA BULLETIN:

- Stock analysts have begun to lower earnings forecasts and valuations for telecommunications giants due to the adverse impact of recent regulatory orders favoring consumers.

- San Miguel Corporation is still waiting for selling shareholders of Express Telecommunications Company Inc. to clean up the company.

- Global Steel Philippines Inc., operator of the formerly National Steel Corp. facilities in Iligan, has admitted they are operating on order basis since early this year.

- The Bangko Sentral ng Pilipinas is not keen on amending the existing ...

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