21.   Tighter credit could deter home buyers and knock the local property market.

22.   With tighter credit and shaky consumer confidence, there is a little less to celebrate in this economy.

23.   But the full effect of the tighter credit has not been felt throughout the economy.

24.   Growth slowed over the first six months due to weaker manufacturing output and tighter credit conditions.

25.   In New York overnight, the dollar rose against the yen and German mark as Japanese and German officials hinted tighter credit in either nation is not imminent.

26.   Margin debts have been substantially reduced through tighter credit controls.

27.   The Chamber of Automotive Manufacturers of the Philippines Inc. attributed the sharp decline to tighter credit and higher interest rates.

28.   The Fed said its actions Wednesday were taken in light of further weakening of sales and production, lower consumer confidence, higher energy prices and tighter credit conditions.

29.   Tighter credit policy, many observers now believe, could defeat its purpose by endangering the economic expansion.

30.   THIRTY-one potential foreign and local investors are unable to purchase industrial land to set up operations in Penang due to current tighter credit controls by banks.