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MAIL BOXES ETC <MAIL> 3RD QTR JAN 31 NET	Shr 23 cts vs 18 cts Net 509,144 vs 277,834 Revs 2,258,341 vs 1,328,634 Avg shrs 2,177,553 vs 1,564,605 Nine mths Shr 55 cts vs 42 cts Net 1,150,633 vs 649,914 Revs 6,169,168 vs 3,178,115 Reuter	TITLE:MAIL BOXES ETC <MAIL> 3RD QTR JAN 31 NET BODY:Shr 23 cts vs 18 cts Net 509,144 vs 277,834 Revs 2,258,341 vs 1,328,634 Avg shrs 2,177,553 vs 1,564,605 Nine mths Shr 55 cts vs 42 cts Net 1,150,633 vs 649,914 Revs 6,169,168 vs 3,178,115 Reuter
MUNSINGWEAR INC <MUN> 4TH QTR JAN 3 LOSS	Shr loss 32 cts vs loss seven cts Net loss 1,566,000 vs loss 292,000 Revs 39.4 mln vs 34.7 mln Year Shr profit 79 cts vs profit 74 cts Net profit 3,651,000 vs profit 3,020,000 Revs 147.9 mln vs 114.2 mln Avg shrs 4,639,000 vs 4,059,000 Note: Per shr adjusted for 3-for-2 stock split July ...	TITLE:MUNSINGWEAR INC <MUN> 4TH QTR JAN 3 LOSS BODY:Shr loss 32 cts vs loss seven cts Net loss 1,566,000 vs loss 292,000 Revs 39.4 mln vs 34.7 mln Year Shr profit 79 cts vs profit 74 cts Net profit 3,651,000 vs profit 3,020,000 Revs 147.9 mln vs 114.2 mln Avg shrs 4,639,000 vs 4,059,000 ...
FED DATA SUGGEST STABLE U.S. MONETARY POLICY	Latest Federal Reserve data suggest that the central bank voted to maintain the existing degree of pressure on banking reserves at its regular policy-making meeting two weeks ago, money market economists said. "The numbers were a little disappointing, but I think we can take Mr Volcker at his word when he said that...	TITLE:FED DATA SUGGEST STABLE U.S. MONETARY POLICY BODY:Latest Federal Reserve data suggest that the central bank voted to maintain the existing degree of pressure on banking reserves at its regular policy-making meeting two weeks ago, money market economists said. "The numbers were a little disappointing, but I...
FEDERAL INDUSTRIES LAUNCHES EUROBOND ISSUE	<Federal Industries Ltd> said it launched a 40 mln Canadian dlr Eurobond issue for five years, bearing a coupon of 9-1/4 pct. Issue price is 100-5/8. Lead manager is Union Bank of Switzerland. Proceeds will be used to reduce short-term debt. Reuter	TITLE:FEDERAL INDUSTRIES LAUNCHES EUROBOND ISSUE BODY:<Federal Industries Ltd> said it launched a 40 mln Canadian dlr Eurobond issue for five years, bearing a coupon of 9-1/4 pct. Issue price is 100-5/8. Lead manager is Union Bank of Switzerland. Proceeds will be used to reduce short-term debt. Reuter
NYSE TO STUDY REGULATION OF SECURITY INDUSTRY	The New York Stock Exchange said it will begin a review of regulation in the securities industry to determine what changes may be needed to maintain the integrity of the market and protect investors in coming years. The Exchange said the study is needed because of the rapid changes taking place in the securities in...	TITLE:NYSE TO STUDY REGULATION OF SECURITY INDUSTRY BODY:The New York Stock Exchange said it will begin a review of regulation in the securities industry to determine what changes may be needed to maintain the integrity of the market and protect investors in coming years. The Exchange said the study is needed be...
KOREAN AIR ORDERS MCDONNELL DOUGLAS <MD> MD-11S	McDonnell Douglas Corp said Korean Air signed formal orders for four MD-11 jets with options to buy four more. The company said if the options are exercised, the purchase will total about one billion dlrs. McDonnell Douglas said on December 30 that Korean Air was among the initial 12 customers that placed order...	TITLE:KOREAN AIR ORDERS MCDONNELL DOUGLAS <MD> MD-11S BODY:McDonnell Douglas Corp said Korean Air signed formal orders for four MD-11 jets with options to buy four more. The company said if the options are exercised, the purchase will total about one billion dlrs. McDonnell Douglas said on December 30 that K...
DELTA ROCKET BLASTS OFF FROM CAPE CANAVERAL	An unmanned Delta rocket carrying a 57 mln dlr hurricane-tracking satellite blasted off here today in NASA's first successful launch of the year. The 116-foot (35.4-meter) Delta -- a reliable workhorse of the U.S. rocket fleet -- lifted off at 1805 EST from Cape Canaveral Air Force Station in a crucial test of the ...	TITLE:DELTA ROCKET BLASTS OFF FROM CAPE CANAVERAL BODY:An unmanned Delta rocket carrying a 57 mln dlr hurricane-tracking satellite blasted off here today in NASA's first successful launch of the year. The 116-foot (35.4-meter) Delta -- a reliable workhorse of the U.S. rocket fleet -- lifted off at 1805 EST from ...
JAPAN TO TRY TO OPEN MARKET TO U.S. CAR PARTS	Japan has pledged to try to increase its purchase of U.S. car parts and also to exchange data to monitor the purchases, the Commerce Department said. U.S. negotiators opened talks last August with Japanese officials to try to force open the Japanese market to American-made parts in an effort to redress an estimated...	TITLE:JAPAN TO TRY TO OPEN MARKET TO U.S. CAR PARTS BODY:Japan has pledged to try to increase its purchase of U.S. car parts and also to exchange data to monitor the purchases, the Commerce Department said. U.S. negotiators opened talks last August with Japanese officials to try to force open the Japanese market...
FRANCE FACES PRESSUE TO CHANGE POLICIES	France's right wing government is facing growing pressure to modify its economic policies after revising down its 1987 growth targets and revising up its inflation forecasts for this year. Moving reluctantly into line with most private sector forecasts the government yesterday raised its 1987 inflation estimate a h...	TITLE:FRANCE FACES PRESSUE TO CHANGE POLICIES BODY:France's right wing government is facing growing pressure to modify its economic policies after revising down its 1987 growth targets and revising up its inflation forecasts for this year. Moving reluctantly into line with most private sector forecasts the gover...
GTI CORP <GTI> 4TH QTR OPER NET	Oper shr profit six cts vs loss two cts Oper net profit 225,000 vs loss 91,000 Revs 4,814,000 vs 3,339,000 Year Oper shr profit 12 cts vs loss two cts Oper net profit 415,000 vs loss 73,000 Revs 16.4 mln vs 16.9 mln Note: data does not include from discontinued operations, 4th qtr 1986 gain ...	TITLE:GTI CORP <GTI> 4TH QTR OPER NET BODY:Oper shr profit six cts vs loss two cts Oper net profit 225,000 vs loss 91,000 Revs 4,814,000 vs 3,339,000 Year Oper shr profit 12 cts vs loss two cts Oper net profit 415,000 vs loss 73,000 Revs 16.4 mln vs 16.9 mln Note: data does not include fr...
HOUSTON OIL <HO> RESERVES STUDY COMPLETED	Houston Oil Trust said that independent petroleum engineers completed an annual study that estimates the trust's future net revenues from total proved reserves at 88 mln dlrs and its discounted present value of the reserves at 64 mln dlrs. Based on the estimate, the trust said there may be no money available for ca...	TITLE:HOUSTON OIL <HO> RESERVES STUDY COMPLETED BODY:Houston Oil Trust said that independent petroleum engineers completed an annual study that estimates the trust's future net revenues from total proved reserves at 88 mln dlrs and its discounted present value of the reserves at 64 mln dlrs. Based on the estimat...
FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS	Shr loss 2.07 dlrs vs loss eight cts Net loss 11,445,000 vs loss 501,000 Revs 14.5 mln vs 11.0 mln Year Shr loss 1.91 dlrs vs profit four cts Net loss 12,427,000 vs profit 211,000 Revs 60.8 mln vs 51.5 mln Note: includes non-recurring charges of 12,131,000 dlrs in the 4th qtr and 12,500,000 ...	TITLE:FAMOUS RESTAURANTS INC <FAMS> 4TH QTR LOSS BODY:Shr loss 2.07 dlrs vs loss eight cts Net loss 11,445,000 vs loss 501,000 Revs 14.5 mln vs 11.0 mln Year Shr loss 1.91 dlrs vs profit four cts Net loss 12,427,000 vs profit 211,000 Revs 60.8 mln vs 51.5 mln Note: includes non-recurring ...
JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY	Japan's unadjusted consumer price index (base 1985) fell 0.4 pct to 99.7 in January from the previous month, the government's Management and Coodination Agency said. The fall compares with a decline of 0.2 pct in December. The January index compared with a year earlier was down 1.1 pct, the first drop larger th...	TITLE:JAPAN CONSUMER PRICES FALL 0.4 PCT IN JANUARY BODY:Japan's unadjusted consumer price index (base 1985) fell 0.4 pct to 99.7 in January from the previous month, the government's Management and Coodination Agency said. The fall compares with a decline of 0.2 pct in December. The January index compared wi...
AVERY <AVY> SETS TWO FOR ONE STOCK SPLIT	Avery said its board authorizerd a two for one stock split, an increased in the quarterly dividend and plans to offer four mln shares of common stock. The company said the stock split is effective March 16 with a distribution of one additional share to each shareholder of record March 9. It said the quarterly c...	TITLE:AVERY <AVY> SETS TWO FOR ONE STOCK SPLIT BODY:Avery said its board authorizerd a two for one stock split, an increased in the quarterly dividend and plans to offer four mln shares of common stock. The company said the stock split is effective March 16 with a distribution of one additional share to each sha...
MICROSOFT CORP <MSFT> HALTS MS-DOS IMPORTS	Microsoft Corp said it obtained a federal court order to seize a shipment of over 15,000 unauthorized copies of its MS-DOS operating system labeled "Falcon MS-DOS". Federal marshals made the seizure in San Francisco on Feb 17. Microsoft said the U.S. District Court for the Northern District of California also g...	TITLE:MICROSOFT CORP <MSFT> HALTS MS-DOS IMPORTS BODY:Microsoft Corp said it obtained a federal court order to seize a shipment of over 15,000 unauthorized copies of its MS-DOS operating system labeled "Falcon MS-DOS". Federal marshals made the seizure in San Francisco on Feb 17. Microsoft said the U.S. Dist...
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JAPAN MARCH BOND COUPON SEEN UNCHANGED AT FIVE PCT	The Finance Ministry has proposed informally to its bond underwriting syndicate that the coupon on the January 10-year government bond remain unchanged from February at five pct, underwriting sources said. They said the ministry wants a 0.50 yen raise in issue price from February to 99.50 to yield a record low 5.07...	TITLE:JAPAN MARCH BOND COUPON SEEN UNCHANGED AT FIVE PCT BODY:The Finance Ministry has proposed informally to its bond underwriting syndicate that the coupon on the January 10-year government bond remain unchanged from February at five pct, underwriting sources said. They said the ministry wants a 0.50 yen raise...
U.S. LAUNCHES WEATHER SATELLITE	An unmanned Delta rocket carrying a 57 mln dlr weather observation satellite blasted off here today in the first U.S. Space launch of the year. The 116-foot rocket lifted off at 1805 local time (2305 GMT) and placed in orbit a 1,850 pound Geostationary Operational Environmental Satellite (GOES) to replace an identi...	TITLE:U.S. LAUNCHES WEATHER SATELLITE BODY:An unmanned Delta rocket carrying a 57 mln dlr weather observation satellite blasted off here today in the first U.S. Space launch of the year. The 116-foot rocket lifted off at 1805 local time (2305 GMT) and placed in orbit a 1,850 pound Geostationary Operational Envir...
ITALIAN COALITION MEETS AS GOVERNMENT CRISIS LOOMS	Leaders of Italy's five coalition parties have agreed to meet today to try to settle their differences which are mainly between Prime Minister Bettino Craxi's Socialist Party and the majority Christian Democrats. Sources close to Deputy Prime Minister Arnaldo Forlani said Craxi told him he would announce his resign...	TITLE:ITALIAN COALITION MEETS AS GOVERNMENT CRISIS LOOMS BODY:Leaders of Italy's five coalition parties have agreed to meet today to try to settle their differences which are mainly between Prime Minister Bettino Craxi's Socialist Party and the majority Christian Democrats. Sources close to Deputy Prime Minister...
N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH	Monetary and credit growth rates in New Zealand are not expected to continue at current levels following the Reserve Bank's move to tighten liquidity late last year, Reserve Bank Governor Spencer Russell said. The monetary and credit growth figures for the December quarter were probably artifically inflated by unus...	TITLE:N.Z. CENTRAL BANK SEES SLOWER MONEY, CREDIT GROWTH BODY:Monetary and credit growth rates in New Zealand are not expected to continue at current levels following the Reserve Bank's move to tighten liquidity late last year, Reserve Bank Governor Spencer Russell said. The monetary and credit growth figures fo...
AVERAGE YEN CD RATES FALL IN LATEST WEEK	Average interest rates on yen certificates of deposit, CD, fell to 4.27 pct in the week ended February 25 from 4.32 pct the previous week, the Bank of Japan said. New rates (previous in brackets), were - Average CD rates all banks 4.27 pct (4.32) Money Market Certificate, MMC, ceiling rates for the week sta...	TITLE:AVERAGE YEN CD RATES FALL IN LATEST WEEK BODY:Average interest rates on yen certificates of deposit, CD, fell to 4.27 pct in the week ended February 25 from 4.32 pct the previous week, the Bank of Japan said. New rates (previous in brackets), were - Average CD rates all banks 4.27 pct (4.32) Money ...
BRITAIN'S ALLIANCE OPPOSITION WINS BY-ELECTION	Britain's centrist Liberal-Social Democratic Alliance won a surprise victory in a parliamentary by-election in the London borough of Greenwich, a seat held by the main opposition Labour party for the past 50 years. Rosie Barnes, a Social Democratic member of the Alliance, won with 18,287 votes, or 53 pct, and a maj...	TITLE:BRITAIN'S ALLIANCE OPPOSITION WINS BY-ELECTION BODY:Britain's centrist Liberal-Social Democratic Alliance won a surprise victory in a parliamentary by-election in the London borough of Greenwich, a seat held by the main opposition Labour party for the past 50 years. Rosie Barnes, a Social Democratic member...
ECONOMIC SPOTLIGHT - JAPAN EYEING FOREIGN STOCKS	Japanese life insurers, trust banks and corporations, largely responsible for vitalising the U.S. Bond market in recent years, are now eyeing stockmarkets in the U.S., Britain, France and Hong Kong, fund managers said. After concentrating on U.S. Treasury bonds for years, Japanese institutions now see a risk in rel...	TITLE:ECONOMIC SPOTLIGHT - JAPAN EYEING FOREIGN STOCKS BODY:Japanese life insurers, trust banks and corporations, largely responsible for vitalising the U.S. Bond market in recent years, are now eyeing stockmarkets in the U.S., Britain, France and Hong Kong, fund managers said. After concentrating on U.S. Treasu...
TAIWAN OFFSHORE BANKING ASSETS RISE IN JANUARY	The combined assets of Taiwan's offshore banking units (obu) rose to 6.28 billion U.S. Dlrs at end- January from 6.21 billion in December and 6.34 billion in January 1986, the central bank said. A bank official told Reuters the increase came mainly from increased local obu borrowings from their Asian counterparts. ...	TITLE:TAIWAN OFFSHORE BANKING ASSETS RISE IN JANUARY BODY:The combined assets of Taiwan's offshore banking units (obu) rose to 6.28 billion U.S. Dlrs at end- January from 6.21 billion in December and 6.34 billion in January 1986, the central bank said. A bank official told Reuters the increase came mainly from i...
JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES	Japan is expected to cut the base lending rate for state financial institutions to 5.5 pct from 6.2 as part of the recent pact by major industrial nations in Paris, Finance Ministry sources said. They said the cut is based on a revision of the Trust Fund Bureau Law, which should be approved by parliament on March 3...	TITLE:JAPAN EXPECTED TO CUT BASE RATE FOR STATE BODIES BODY:Japan is expected to cut the base lending rate for state financial institutions to 5.5 pct from 6.2 as part of the recent pact by major industrial nations in Paris, Finance Ministry sources said. They said the cut is based on a revision of the Trust Fun...
JAPAN HOUSE BUDGET TALKS TO REOPEN NEXT WEEK	Japan's ruling and opposition parties agreed to reopen talks on the budget for the fiscal year ending March 31 1988 when the Lower House Budget Committee meets next Tuesday, a parliamentary official said. He said officials of the ruling Liberal Democratic Party and the opposition parties agreed at a meeting of the ...	TITLE:JAPAN HOUSE BUDGET TALKS TO REOPEN NEXT WEEK BODY:Japan's ruling and opposition parties agreed to reopen talks on the budget for the fiscal year ending March 31 1988 when the Lower House Budget Committee meets next Tuesday, a parliamentary official said. He said officials of the ruling Liberal Democratic P...
AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS	Domestic demand is now expected to make no contribution to Australian economic growth in fiscal 1986/87, ending June 30, while net exports will account for all of the overall increase, Treasurer Paul Keating said here. However, he did not say in his speech to the Economic Planning Advisory Council (EPAC) if the for...	TITLE:AUSTRALIA'S KEATING CHANGES ECONOMIC FORECASTS BODY:Domestic demand is now expected to make no contribution to Australian economic growth in fiscal 1986/87, ending June 30, while net exports will account for all of the overall increase, Treasurer Paul Keating said here. However, he did not say in his speec...
THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24	Thailand exported 84,960 tonnes of rice in the week ended February 24, up from 80,498 the previous week, the Commerce Ministry said. It said government and private exporters shipped 27,510 and 57,450 tonnes respectively. Private exporters concluded advance weekly sales for 79,448 tonnes against 79,014 the previ...	TITLE:THAI RICE EXPORTS RISE IN WEEK ENDED FEBRUARY 24 BODY:Thailand exported 84,960 tonnes of rice in the week ended February 24, up from 80,498 the previous week, the Commerce Ministry said. It said government and private exporters shipped 27,510 and 57,450 tonnes respectively. Private exporters concluded ...
TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS	The Tokyo Grain Exchange said it will raise the margin requirement on the spot and nearby month for U.S. And Chinese soybeans and red beans, effective March 2. Spot April U.S. Soybean contracts will increase to 90,000 yen per 15 tonne lot from 70,000 now. Other months will stay unchanged at 70,000, except the new d...	TITLE:TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS BODY:The Tokyo Grain Exchange said it will raise the margin requirement on the spot and nearby month for U.S. And Chinese soybeans and red beans, effective March 2. Spot April U.S. Soybean contracts will increase to 90,000 yen per 15 tonne lot from 70,000 n...
MANILA SAID TO OFFER DEBT BONDS TO BANKS	The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash, the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told reporters yesterday the alternative proposal is designed...	TITLE:MANILA SAID TO OFFER DEBT BONDS TO BANKS BODY:The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash, the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told r...
POLL MAJORITY DISAPPROVE OF REAGAN PRESIDENCY	A majority of Americans disapprove of the way Ronald Reagan has handled the presidency and one-third believe he should resign, a new poll said. The poll conducted by Newsweek magazine said 53 pct of the respondents gave Reagan a negative performance rating, nearly double his disapproval rating before the Iran/Contr...	TITLE:POLL MAJORITY DISAPPROVE OF REAGAN PRESIDENCY BODY:A majority of Americans disapprove of the way Ronald Reagan has handled the presidency and one-third believe he should resign, a new poll said. The poll conducted by Newsweek magazine said 53 pct of the respondents gave Reagan a negative performance rating...
PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS	Talks on the possibility of reintroducing global coffee export quotas have been extended into today, with sparks flying yesterday when a dissident group of exporters was not included in a key negotiating forum. The special meeting of the International Coffee Organization (ICO) council was called to find a way to st...	TITLE:PRODUCER SPLIT HEATS UP COFFEE QUOTA TALKS BODY:Talks on the possibility of reintroducing global coffee export quotas have been extended into today, with sparks flying yesterday when a dissident group of exporters was not included in a key negotiating forum. The special meeting of the International Coffee ...
ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES	The Italian treasury said annual coupon rates payable March 1988 on two issues of long-term treasury certificates (CCTs) would be cut by about four percentage points compared with rates this March. Coupon rates on 10-year certificates maturing March 1995 will fall to 9.80 pct from 13.65 pct and rates on 10-year iss...	TITLE:ITALIAN TREASURY CUTS INTEREST ON CERTIFICATES BODY:The Italian treasury said annual coupon rates payable March 1988 on two issues of long-term treasury certificates (CCTs) would be cut by about four percentage points compared with rates this March. Coupon rates on 10-year certificates maturing March 1995 ...
BRITISH CONSERVATIVES AHEAD OF LABOUR IN NEW POLLS	Britain"s ruling Conservatives have enlarged their lead over the opposition Labour Party, according to results of two opinion polls released on Saturday. A Market & Opinion Research International (MORI) poll conducted for The Sunday Times showed the Conservatives with a six point lead, while a poll by Telephone Sur...	TITLE:BRITISH CONSERVATIVES AHEAD OF LABOUR IN NEW POLLS BODY:Britain"s ruling Conservatives have enlarged their lead over the opposition Labour Party, according to results of two opinion polls released on Saturday. A Market & Opinion Research International (MORI) poll conducted for The Sunday Times showed the C...
INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW	Indonesia"s agriculture sector will grow by just 1.0 pct in calendar 1987, against an estimated 2.4 pct in 1986 as the production of some commodities stagnates or declines, the U.S. Embassy said in a report. Production of Indonesia"s staple food, rice, is forecast to fall to around 26.3 mln tonnes from an embassy e...	TITLE:INDONESIAN AGRICULTURE GROWTH EXPECTED TO SLOW BODY:Indonesia"s agriculture sector will grow by just 1.0 pct in calendar 1987, against an estimated 2.4 pct in 1986 as the production of some commodities stagnates or declines, the U.S. Embassy said in a report. Production of Indonesia"s staple food, rice, is...
KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS	Kuwait"s Oil Minister, in remarks published today, said there were no plans for an emergency OPEC meeting to review oil policies after recent weakness in world oil prices. Sheikh Ali al-Khalifa al-Sabah was quoted by the local daily al-Qabas as saying: "None of the OPEC members has asked for such a meeting." He...	TITLE:KUWAIT SAYS NO PLANS FOR EMERGENCY OPEC TALKS BODY:Kuwait"s Oil Minister, in remarks published today, said there were no plans for an emergency OPEC meeting to review oil policies after recent weakness in world oil prices. Sheikh Ali al-Khalifa al-Sabah was quoted by the local daily al-Qabas as saying: "No...
INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE	Indonesia appears to be nearing a political crossroads over measures to deregulate its protected economy, the U.S. Embassy says in a new report. To counter falling oil revenues, the government has launched a series of measures over the past nine months to boost exports outside the oil sector and attract new investm...	TITLE:INDONESIA SEEN AT CROSSROADS OVER ECONOMIC CHANGE BODY:Indonesia appears to be nearing a political crossroads over measures to deregulate its protected economy, the U.S. Embassy says in a new report. To counter falling oil revenues, the government has launched a series of measures over the past nine months...
INDIAN BUDGET COMES IN FOR WIDE CRITICISM	Opposition politicians, businessmen and newspapers criticised India"s newly unveiled 1987/88 budget and large projected deficit of around 57 billion rupees. They said the budget failed to provide incentives for economic growth and merely tinkered with tax reform. But few politicians were prepared to criticise a...	TITLE:INDIAN BUDGET COMES IN FOR WIDE CRITICISM BODY:Opposition politicians, businessmen and newspapers criticised India"s newly unveiled 1987/88 budget and large projected deficit of around 57 billion rupees. They said the budget failed to provide incentives for economic growth and merely tinkered with tax refo...
CHINA TO BORROW 390 MLN DLRS	China will receive loans totalling 390 mln dlrs from Japan and the World Bank for investment in new highways and port facilities. The Japan Overseas Economic Co-operation Fund is to provide 260 mln dlrs towards China"s plans to improve its road network, the official New China News Agency reported. A 130 mln dlr...	TITLE:CHINA TO BORROW 390 MLN DLRS BODY:China will receive loans totalling 390 mln dlrs from Japan and the World Bank for investment in new highways and port facilities. The Japan Overseas Economic Co-operation Fund is to provide 260 mln dlrs towards China"s plans to improve its road network, the official New Ch...
MANILA SAID TO OFFER DEBT BONDS TO BANKS	The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash, the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told reporters yesterday the alternative proposal is designed...	TITLE:MANILA SAID TO OFFER DEBT BONDS TO BANKS BODY:The Philippines will offer its commercial bank creditors an innovative pricing plan that will make debt payments through certificates of indebtedness as an alternative to cash, the authoritative Business Day newspaper said. Finance Secretary Jaime Ongpin told r...