1992-02-14 15:59 INFORMATION SERVICES DEPT
852 521 7725 P.03/04
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GOVERNMENT BONDS ISSUE
The second tender of government bonds will be held on Monday (February 17) with a total of HK$500 million (US$64 million) two-year bonds un offer.
The Office of the Exchange Fund says another HK$100 million (US$13 million) will be held in reserve for the purpose of last resort supply to meet market makers of government bonds.
The bonds will mature on February 18, 1994 and will carry annual interest of 5.5 per cent payable half-yearly in arrears. Members of the public can participate, but each tender must be for an amount of HK$50,000 (US$6,400) or integral multiples.
DIGITAL MOBILE PHONE TENDERS
The government is calling for proposals to operate digital public mobile radiotelephone services (PMRS) in Hong Kong.
At present there are three PMRS operators Hong Kong Telecom, Hutchison, and Pacific Link which all use analogue techniques in their systems.
However, due to the very strong demand for mobile phones in Hong Kong, the existing analogue systems will soon be unable to meet. future growth. As a result, the existing operators will be allowed to convert their systems to digital and a new operator will also be licensed.
The government has decided that both the European Global Standard for Mobile-telephone (OSM) and the United States Digital Cellular (US)) standards will be adopted for digital PMRS.
Hong Kong, with 190,000 subscribers, has the highest proportion of band-held portable phones in any sizeable cellular phone market in the world.
SKYRAIL NO DECISION
The company proposing to build an elevated light rail system for Kowloon still has to provide detailed information to the government before the project can be taken any further.
Much
Consortium,
more material is expected from the Kowloon Skyrail particularly the alignment and financial viability of the scheme, before recommendations can be made on whether or not detailed negotiations should be entered into with the company. The consortium
also have to prove that its scheme will be able to
to satisfy environmental and other concerns.
will
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