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HONG KONG, April 1 Asia Pulse - Highlights of today's newspapers:
THE STANDARD:
- The Stock Exchange of Hong Kong has turned down a bid to resume trading in Euro-Asia Agricultural (Holdings) Company, the troubled former flagship of Yang Bin, once Asia's second-richest entrepreneur.
- Securities firms have welcomed the latest Securities and Futures Commission (SFC) proposal to clamp down on a potential conflict of interest for research analysts and believe the improvement can boost public confidence in the industry.
- Unified global standards should be introduced to force shipowners to have a minimum safe number of crew on board their ships, according to the Hong Kong Shipowners Association (HKSOA).
- The government spent over HK$52.9 billion more than it received in the 11 months through February and has only one month to meet the fiscal year's deficit target of HK$49 billion.
- Hong Kong's business activity expanded for the 10th straight month in March, as companies received more orders with the improving the global economy.
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - APRIL 1, 2004.