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blank.gif (49 bytes)13/01/1999, updated at 16:00        blank.gif (49 bytes)weather.gif (982 bytes)archive.gif (946 bytes)search.gif (947 bytes)

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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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