Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lorne who wrote (35427)	6/15/1999 11:23:00 PM
From: Alex	Read Replies (1) of 116764

Bank holiday plan for millennium eve By Cheung Chi-fai STORY: THE government plans to designate 31 December 1999 as a general holiday to give the banking sector more time for a smooth transition to the new millennium. Under the ordinance, a general holiday is one observed by banks, educational establishments, public offices and government departments. The proposal, which was requested by the Hong Kong Association of Banks, would only affect the banking sector, government offices and schools. In other words, the day would not be a public holiday and the total number of holidays would not be affected. The government said the proposal was only a precautionary measure to minimise any adverse impact of the Year 2000 problem, or millennium bug. The measure would give banks sufficient time to complete all their year-end operations, and validate and back-up customer records on 31 December. Deputy Secretary for Financial Services Rebecca Lai Ko Wing-yee said the public should not be overly worried about the readiness of the banking sector in dealing with the Y2K issue. Britain has declared the millennium eve as a holiday. In Japan, it is traditional for banks to close on the last day of the year. Most of the banks in Europe will also close on that day. The holiday proposal would be decided by the Legislative Council before 7 July. Democrat legislator Sin Chung-kai welcomed the proposal and said Legco would hold a special meeting late next month to discuss the progress of rectifying the Y2K problem by government departments and public utilities. online.hkstandard.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next