*Iceland April PPI Up 7.2% On Month Vs. 1.6% Fall In March

*Philippines' central bank cuts key rate by 25 bps to 4.25% after economic growth slows sharply in Q1

*Malaysia Lowers GDP Forecast; Sees 4%-5% Contraction in 2009 Vs. 1% Decline Earlier

*Lithuania Q1 job vacancies at 7,500 vs. 12,900 in Q4

*Portugal May Consumer Confidence At Minus 46.2 Vs. Minus 49.5 In April