PRESS DIGEST - Philippine newspapers - Nov 27

MANILA, Nov 27 (Reuters) - These are the leading stories in Manila newspapers on Tuesday. Reuters has not verified these stories.

- The joint Congressional Power Commission will question Jose Ibazeta, president of the Power Sector Assets and Liabilities Management Corp, and Finance Secretary Margarito Teves next month on the sale of the 25-year licence to run the country's power grid. (PHILIPPINE DAILY INQUIRER)

- President Gloria Macapagal Arroyo has ordered a thorough reexamination of road projects covered by the suspended World Bank loan and a review of policies for foreign-assisted projects. (MANILA STANDARD TODAY, PHILIPPINE DAILY INQUIRER)

- The Senate has suspended its investigations into various anomalies involving officials of the administration for two weeks to give way to marathon hearings on the proposed budget for 2008. (THE PHILIPPINE STAR)

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BUSINESS

- Philippine holding firm Filinvest Development Corp (FDC.PS: Quote, Profile, Research) said its net earnings for the nine months to September this year more than doubled to 3.91 billion pesos ($91 million) from 1.76 billion in the same period last year, boosted by one-time gains from the sale of shares. (THE PHILIPPINE STAR, MANILA STANDARD TODAY)

- Investments registered with the Philippine Economic Zone Authority amounted to 127 billion pesos as of Nov. 15 this year, up 85 percent from 68 billion pesos in the same period last year. (THE PHILIPPINE STAR)

- The Department of Energy will offer new exploration contracts for geothermal, oil and gas and coal in the next bidding round next month, the fourth to be conducted by the government since 2004. (MANILA STANDARD TODAY, THE PHILIPPINE STAR)

(1= 42.86 pesos)

(Reporting by Karen Lema)