Money supply to increase

Article Abstract:

The Hong Kong Assn of Banks has moved to address a possible liquidity drain that is associated with the coming of the year 2000. Anticipating a large demand for hard currency with the coming of the new millenium, the assn has permitted Hong Kong's three note-issuing banks to boost the territory's money supply from HK$90 billion to a high of HK$150 billion ($11.59 billion to $19.31 billion). The move follows the earlier action by a number of corporations, financial institutions and foreign governments to increase their cash holdings prior to 2000.

Government regulation (cont), Economic Programs, Administration of Economic Programs, Economic aspects, Economic policy, Year 2000 transition (Computers), Monetary policy

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Can CyberWorks be saved from the kryptonite of hubris?

Article Abstract:

Pacific Century CyberWorks and its leader Richard Li had been lionized in Hong Kong, but with the technology stock fallout and revelations of corporate dishonesty, the company is faltering. Mr. Li will have to create a business strategy less focused on branding and hype to keep CyberWorks profitable.

Strategy & planning, COMMUNICATION, Communications, Broadcasting and Telecommunications, Editorial, Management, Telecommunications services industry, Telecommunications industry, Li, Richard

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Pacific Century CyberWorks enters pricey pact for advice

Article Abstract:

Hong Kong-based Internet service provider Pacific Century CyberWorks Ltd., announce the hiring of management consultant and venture capitalist Avram Miller for estimated compensation worth $90 million.

Use of services, Contracts & orders received, Telegraph & other communications, Management development, Management consulting services, Administrative Management and General Management Consulting Services, Internet service providers, Compensation and benefits, Contracts, Business consultants, Management consultants, Consulting services, Miller, Avram

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