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Article: News in Brief.(Business)
- Article from:
- Manila Bulletin
- Article date:
- September 25, 2000
CopyrightCOPYRIGHT 2000 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Peso stands at P46.074
The peso reference rate remains at P46.074 to the U.S. dollar, the weighted average rate pegged at the Philippine Dealing System of the Bankers Association of the Philippines last Friday.
ADB approves Indian loan
The Asian Development Bank has approved a $300 million loan to India for housing finance project repayable in 25 years including a grace period of five years, the government said on its official web-site. It said the Housing and Urban Development Corporation will receive $100 million, Housing Development Finance Corporation $80 million, ICICI Ltd. $80 million and National Housing Bank $40 million. The housing ...