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