The Week in Quotes | South China Morning Post
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  • Jan 26, 2015
  • Updated: 12:42am

The Week in Quotes

PUBLISHED : Sunday, 03 August, 1997, 12:00am
UPDATED : Sunday, 03 August, 1997, 12:00am

'All illegal conduct by Dai-ichi Kangyo Bank and Nomura Securities Co extremely damages their credibility as financial institutions . . . and it is quite regrettable,' - - said Bank of Japan governor Yasuo Matsushita after the firms were given the stiffest-ever penalties.

'In order to protect my integrity and that of the Bank of Thailand, I would like to show my spirit by resigning from the governorship,' - said Bank of Thailand governor Rerngchai Marakanond.

'It doesn't seem like the wisest decision,' - said Nikko Securities senior investment adviser Kent Rossiter after Cheung Kong Infrastructure was added to the Hang Seng Index.

'Ways of skimming in Indonesia have been raised to a high art,' - - warned visiting US political economist Dr Jeffrey Winters who said World Bank officials had told him one third of total funds to Indonesia never saw the light of day.


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