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Snippets
Indonesia's reserves
JAKARTA. Frb 0 Indonesia • foreign reserves stood at an adequate level of 10 5 bdhon US Deiters by end January central bank Governor Adrianus Many sold Wednesday. reporta AFP
Bank Indonesia. the central bank, held 85 btllton Dollars In foreign exchange reoerveo white the private sector held more than two billion DoSars. Mr. Mooy told joumahais before attending a monthly Cabinet meeting on the eran any
Bar on investment goes in Bonn
BONN. Feb 0 Chancellor Helmut Kohl, facing rising
lo be East Germany over the region • sluggish growth fate, announced plana lo end legal barriers lo Investment and boost public works jobs, reports Reuter.
Dieter Vogel. Kohl's spokesman. said the Federal Cabinet would present legislation this week aimed at smoolKing investment. Including easing of restrictions on acquiring formerly state owned compa nk> and property.
Vslavia's foreign earnings drop
BELGRADE. Feb •: Yugoslavia foreign exchange earnings dropped by three billion US Dollars with the onset of the Gulf war. the country's Tanjug news agency said Wednesday, reports Xinhua.
The losses can be attributed to a decrease In Yugoslav export to the Gulf region, a failure by the region to repay their debts. and a decision to cut off oil imports from the region because of the war
S.Ko rea's overseas investment up
SEOUL. Feb 6 : South Korean corporate investment overseas totalled 2.21 billion US Dollars at the end of 1900. up 58.4 per cent from a year curlier. the Trade and Industry Ministry said, reports AP.
The sharp Increase was attributed largely to businesses moving operations overseas to take advantage of cheaper labour and better marketing conditions.
UNEP meet held for oil slicks
GENEVA. Feb 6 Representatives from the United Nations and oil Industries met for two days of talks here Tuesday to assess the environmental consequences of oil slicks tn the Gulf, officials for Ihc UN Environment Programme (UNEP) announced. reports AFP
"UNEP is making every effort to obtain an International, independent objective assessment of the damage, current and potential" but has been unable to get reliable information.
Japanese loans for 3 war-hit states
TOKYO. Feb 6: Japan announced more than one billion Dollars in concessional loans lo Jordan, TurkVy and Egypt Tuesday as part of its two billion Dollars aid package to countries most affected by the Gulf crisis, reports AFP.
The Foreign Ministry said It was allocating 450 million Dollars to Jordan. 400 million Dollars to Turkey and 180 million Dollars to Egypt in united commodity loans carrying an Interest rate of one per cent.
N. Korea builds large ships
TOKYO. Feb 6 : North Korea is building several large vessels at its Hambuk and Nampo shipyards, the official Korean Central News Agency said Wednesday in a rare report on Ilie country's shipbuilding Industry. reports AFP.
The report, monitored In Tokyo, said the Hambuk complex in the northeast was building ‘several' 20,000-lonnc and 14,000-vessels. The Nampo Complex near Pyongyang was also building 'many' vessels Including several 14.000-lonnc ships and 10.000-tonne tankers, the agency said.
Dollar foils in Tokyo
TOKYO. Feb fl : The Dollar continued lo fall against the Yen in morning trading here Wednesday, closing the session al 120 18 Yen, down 0.87 Yen from Tuesday's 130.06 Yen finish, reports AFT
Spot morning turnover totalled 7.042 billion Dollars, compared lo Tuesday mom Ing a fl.474 billion Dollars and the fully-day total of 12.262 billion Dollars
The Dollar fell below the 130 Yen level for the first lime since Iha end of last November.