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To: ms.smartest.person who wrote (180)1/30/2001 12:17:50 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
PRESS DIGEST - HONG KONG - JAN 30


These are some of the leading
stories in Hong Kong newspapers on Tuesday. Reuters has not
verified these stories and does not vouch for their accuracy.

HONG KONG ECONOMIC TIMES

- HSBC Holdings reached an intraday high of HK$122 per share
and ended at HK$121 on Monday.

- A price war is looming among network operators as Hutchison
Global Crossing starts to offer a three-month discount to
subscribers of its mainland/Hong Kong International Private
Leased Circuit which translates to rates 44 percent lower than
its rival New World Telephone.

APPLE DAILY

- An Yves Saint Laurent perfume poster advertisement showing
model Sophia Dahl without clothes has been classified an indecent
item by censor authorities in Hong Kong and is being banned from
public display.

- The Security Bureau said the number of emigrants leaving
Hong Kong last year totalled 11,900 people, was at the lowest
level in two decades.

MING PAO DAILY NEWS

- Industry sources say i-Cable's Cable TV may be
losing its English premier soccer broadcast rights to ESPN. The
station is to discuss with Star TV about carrying the ESPN
channel.

- OneAsia.com, an audio-visual product website 31-percent
owned by tom.com , has ceased operations. Tom.com now
faces a provision as large as US$4.2 million for the investment.

SING TAO DAILY

- The Hong Kong government has decided to send four
representatives in a sudden move to attend a speech by exiled
Nobel writer Gao Xingjiang, who is having a short tour in the
territory.

- Gross new mortgages made last month fell sharply by 38.1
percent to HK$5.9 billion.

SOUTH CHINA MORNING POST

- Pacific Century CyberWorks will bid for
a third-generation mobile telephone network licence in Hong Kong
and also consider bidding for another in Singapore, according to
chairman Richard Li.

- The potential supply of new flats this year is expected to
reach 29,000 units as developers slow down production to keep
future supply in balance, according to Morgan Stanly Dean Witter.

HONG KONG GLOBE

- Standard Chartered Bank China region chief executive
Stanley Wong says the renminbi market will be gradually opened to
free trading and the float is predicted to be within a
five-percent spread to start.

HONG KONG ECONOMIC JOURNAL

- Hongkong Post and Baltimore Technologies have signed a
memorandum of understanding to help the post office to develop a
wireless digital certificate service for authenticating corporate
and individual mobile phone transactions.

HONG KONG DAILY NEWS

- Hutchison Whampoa is to acquire a 30-percent stake in
Telekom Cellular under Telekom Malaysia, according to reports. A
Hutchison spokesperson has declined to comment.

TA KUNG PAO

- The economic boom in the Guangdong province has attracted
workers from other areas to look for their opportunities. Trains
from outside provinces are fully packed with people by the
thousands daily after the Lunar New Year.

special.scmp.com