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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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