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COPYRIGHT 2001 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Oct 31, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
RATE CUTS TO FURTHER STIMULATE AUSTRALIAN HOUSING SECTOR: ECONOMISTS
SYDNEY - Interest rate cuts are expected to further stimulate Australia's housing sector despite a modest pullback in building approvals in September, economists said today.
Analysts said there was no surprise in the modest seasonally adjusted 4.3 per cent fall in residential building approvals, the first monthly drop since February.
INDIAN GOVT TO STRENGTHEN RURAL EMPLOYMENT PROGRAM
NEW DELHI - The Indian government has approved a series of measures to strengthen the Rural Employment Generation program (REGP) and create 2 million jobs during the 10th 5-year plan.
The REGP, for which Rs 1.2 billion has been provided in 2001-02, would be allocated an annual outlay of Rs 2.5 billion in the next plan, an official spokesperson said while briefing about the decisions of the Cabinet Committee on Economic Affairs (CCEA).
ARGENTINE CRISIS UNLIKELY TO SERIOUSLY AFFECT KOREAN ECONOMY
SEOUL - Korea is well insulated from the financial crisis in Argentina through large reserves of foreign exchange and limited trade with the Latin American state, the Ministry of Finance and Economy said today.
"We don't think that the Argentine crisis...
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