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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (127)1/19/2001 9:47:35 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
Friday, January 19 4:07 PM SGT Hong Kong Newspaper Highlights Jan 19 2001

HONG KONG, Jan 19 Asia Pulse - Highlights of today's newspapers:

THE SOUTH CHINA MORNING POST

- A new Internet money-transfer service will enable banks to reduce costs and attract potential customers, according to British Web payment systems provider earthport.

- Newly restructured Guangdong Enterprises (Holdings) (GDE), the investment flagship of the Guangdong provincial government, is planning to place 1.57 billion shares in Guangnan Holdings at a 50 per cent discount so the supermarket operator can resume trading, according to market sources.

- Sina.com's net loss in the last quarter narrowed 10 per cent from the previous quarter to US$5.34 million.

- Industrial mould-maker SmarTech Digital Manufacturing Holdings has attempted to justify the company's decision to buy a start-up Internet data centre operator for HK$140 million.

- Pacific Century CyberWorks' share price rebounded nearly 10 per cent yesterday after chairman Richard Li Tzar-kai promised to facilitate the sale of stock held by Britain-based Cable & Wireless (C&W).

- Hong Kong Exchanges and Clearing has rejected calls to make it easier for successful Growth Enterprise Market (GEM) counters to transfer their listing status to the main board in order to bolster liquidity.

- Banks are expected to have mild loan growth this year as interest rate cuts stimulate demand, according to Laurence Parrott, director and head of regional banking research.

- The Airport Authority's plan to reduce landing fees was not in response to airline complaints that the Hong Kong airport is one of the region's most expensive, according to chairman Victor Fung Kwok-king.

- Sunevision Holdings has formed a strategic partnership with Skynet (International Group) Holdings and Tokyo-based Pine Com International to establish an online gaming platform in March.

- MassMutual Asia's net profit last year doubled from a year earlier to HK$40 million, helped by an expanding sales force.

ASIA PULSE

asia.biz.yahoo.com