TUESDAY, JUNE 28, 1994
DISCIPLINARY ACTION AGAINST TWO COMPANIES
THAT
THE SECURITIES AND FUTURES COMMISSION ANNOUNCED TODAY (TUESDAY) IT HAD TAKEN DISCIPLINARY ACTION AGAINST SECURITIES LIMITED AND STANDARD CHARTERED ASIA LIMITED SECTION 56 OF THE SECURITIES ORDINANCE.
STANDARD
(SCAL)
CHARTERED UNDER
AS SCAL IS AN AUTHORISED INSTITUTION UNDER THE ORDINANCE, THE COMMISSION HAS KEPT THE MONETARY AUTHORITY INFORMED OF ITS INVESTIGATION, FINDINGS AND THE PROPOSED ACTION.
BANKING FULLY
DISCIPLINARY
MR
ARE
DEPUTY CHIEF EXECUTIVE (BANKING) OF THE MONETARY AUTHORITY, DAVID CARSE,
SAID HE "WAS SATISFIED THAT APPROPRIATE MEASURES BEING TAKEN BY SCAL TO ADDRESS THE PROBLEMS THAT HAD BEEN IDENTIFIED IN RELATION TO SCAL'S SPONSORSHIP OF INITIAL PUBLIC OFFERINGS".
0
RESTAURANT RECEIPTS AND PURCHASES FOR FIRST QUARTER OF 1994
THE
THE VALUE OF TOTAL RECEIPTS FOR THE RESTAURANT SECTOR IN FIRST QUARTER OF THIS YEAR, ESTIMATED AT $13 BILLION, INCREASED BY 15% WHEN COMPARED WITH THE SAME QUARTER OF LAST YEAR, ACCORDING TO PROVISIONAL STATISTICS RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES OVER THE PERIOD, TOTAL RECEIPTS INCREASED BY 6% IN VOLUME TERMS.
THE VALUE OF TOTAL PURCHASES OF RESTAURANTS
THE IN QUARTER OF 1994, ESTIMATED AT $4.6 BILLION, WAS 12% ABOVE THAT IN SAME QUARTER OF 1993.
FIRST THE
THE TOTAL RECEIPTS OF BARS RECORDED THE LARGEST INCREASE IN THE FIRST QUARTER OF 1994, BY 26% IN VALUE AND 9% IN VOLUME AS COMPARED WITH YEAR AGO.
THE TOTAL RECEIPTS OF CHINESE RESTAURANTS ALSO REGISTERED A CONSIDERABLE INCREASE OF 16% IN VALUE AND 7% IN VOLUME.
THE TOTAL RECEIPTS OF NON-CHINESE RESTAURANTS ROSE BY 13% IN VALUE AND 5% IN VOLUME.
THE TOTAL RECEIPTS OF FAST FOOD SHOPS INCREASED AT A LESS RAPID RATE, BY 10% IN VALUE AND 2% IN VOLUME.
COMPARING THE FIRST QUARTER OF 1994 WITH THE PRECEDING QUARTER, AND BEARING IN MIND THAT THE COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, TOTAL RESTAURANT RECEIPTS DECREASED BY 1% IN VALUE AND 5% VOLUME.
IN
/RESTAURANT RECEIPTS