East Asian Economic News
* The Asian Development Bank January 12 approved to provide the second financial reform loan of US$500 million to Indonesia.
*The foreign reserve fund of Indonesia has been continuously dropping in the past two weeks.
*The exchange rate of the Philippine peso to the US dollar was 37.83 to 1 on January 11, the highest in the past nine months.
* On January 10, ROK Central Bank revised its economic growth target for 1999, which was 3.2 percent this year.
Economicnews 1999-01-13 Page7
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