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Central banks and monetary authorities hold informal meeting
Senior representatives of the central banks and monetary authorities of Hong Kong, Indonesia, Malaysia, Philippines, Singapore and Thailand held an informal meeting at the office of the Hong Kong Monetary Authority (HKMA) on Saturday (January 21) to exchange views on recent currency speculation in the Region.
The meeting was chaired by Mr Joseph Yam, Chief Executive of the HKMA.
The central bankers exchanged useful information concerning the speculative activity, where this occurred, in their currencies.
This included the types of currency speculators, how they operate and how they fund themselves.
The central banks also exchanged views on the appropriate responses on their part, covering operational and supervisory measures.
Those present felt that the meeting had been a very useful one and agreed to keep closely in touch on this subject matter and share relevant information on it.
End/Sunday, January 22, 1995
Provision of lockers to public sector primary schools
Installation of the first batch of 50,022 lockers in government and aided primary schools, which started early this month, is expected to be completed in about a week.
1996.
The second batch of 189,711 lockers will be installed later this year and in
A spokesman for the Education Department said the department had been approved a non-recurrent fund of $29.3 million by the Finance Committee to purchase 239,733 lockers.
The spokesman said: "Funding was granted after a survey by the department last July which indicated that the provision of lockers for students to store items that need not be carried daily to and from school was a positive measure to alleviate the problem of overweight school bags.