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blank.gif  06/01/1999,  updated at 16:00       

East Asian Economic News

  *Despite the serious effect of the financial crisis, the export volume of the Philippines from January to November in 1998 was US$26.9 billion, 17.47 percent higher than that of the same period last year, according to a report of the Philippine statistics bureau.

  *Thailand in 1998 attracted direct foreign investment of US$ 7.6 billion which hit a record high.

  The biggest investor is Japan, followed by the United States and Hong Kong.

  *The foreign trade surplus of Malaysia reached Ringgit 51.5 billion by the end of last November, according to the statistics of the Malaysian government.

  *By the end of last year, Japan's national post savings surplus was 251.4 trillion yen, which exceed 250 trillion for the first time, the Japanese Post Office said.

  *The Indonesian President B.J. Habibie announced the nation's financial budget for 1999-2000. The total revenue and expenditure volume of the budget is about US$29 billion, which is 17.3 percent less than that of the same period last year.


WorldNews 1999-01-06 Page7