International Economy Briefs
*The Philippines' central bank continued to buy in US$200 million in the past month, in a bid to prevent its currency from rebounding too fast as it will affect its export competitiveness.
The foreign exchange reserve of this country hit US$11.7 billion by the end of February 2.
*The Indonesian government will adopt more measures to increase its grain output in place of rice imports.
*The Philippines in 1998 had a US$29.5 billion worth of exports, 16.9 percent (about US$4 billion) over the previous year, the fastest growth rate in this region.
WorldNews 1999-02-04 Page7
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