FCDU LOANS FALL 4.3 PCT IN PHILIPPINES DURING JUNE.

(From Asia Pulse)

MANILA, Nov 26 Asia Pulse - US-dollar denominated loans obtained by borrowers from the country's foreign currency deposit units (FCDUs) posted a 4.3 per cent decline in June this year to US$4.928 billion.

This compared with outstanding dollar loans worth $5.149 billion at end-March, mirroring in part the queasy feeling borrowers get about obtaining loans at a time when the value of the peso cannot be ascertained with any degree of accuracy over a reasonable time period that businessmen, particularly commodity traders, demand.

At the time the BSP was compiling the data, the loan market was just beginning to shake off the effects of …