61.   The Philippine oil industry is in a state of partial deregulation in which petroleum prices are adjusted monthly, in step with prices in Singapore.

62.   The owner of a household goods store was adjusting prices for imported products on an hourly basis as the Turkish lira sunk against the dollar.

63.   Duisenberg added that preliminary indications showed prices were being adjusted both higher and lower, as expected.

64.   The government has been adjusting pump prices of petroleum products every month since August, when a six-month transition from state subsidies and officially controlled prices started.

65.   The newspaper urged manufacturers to rationalise their output in line with demand and pay greater attention to market forces by upgrading quality and adjusting prices.