Article Abstract:
The depreciation of Asian currencies positively affects telecommunication firms engaged in international direct-dial (IDD). Companies who have higher incoming calls than outgoing calls, such as Philippine Long Distance Telephone (PLDT) and PT Indonesia Satellite (Indosat), are expected to gain from the currency crisis due to high US dollar earnings. On the other hand, cellular companies, such as Thailand's Total Access Communications, are expected to incur heavy losses due to high foreign borrowings and small foreign-related earnings.
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Article Abstract:
Hong Kong enterprises doing business in mainland China can either set up their base in Hong Kong, set up a foreign owned venture or set up a joint venture depending on the size of the companies and the nature of business. Setting up base operations in Hong Kong offers businesses the advantage of developed facilities but increases travel expenses, setting up joint ventures reduces paperwork but sacrifices autonomy while setting up foreign owned ventures increases paperwork but reduces overhead costs.
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Article Abstract:
Jardine Matheson (Holdings) Ltd. has embarked on a aggressive publicity campaign that emphasizes its strong commitment to Hong Kong. The British-controlled, Asia-based conglomerate wants to raise its public profile and correct mistaken beliefs about its business. With its advertisements, the group would like the public to know that it is bigger than they think, that it wants to be better understood, and that it remains unchanged even though Hong Kong is undergoing many changes.
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