UNCLASSIFIED

AN/ Singapor fill

6

021504

MDTTAN 1724

HKB 02017

Mr

Mohis 12/6

UNCLASSIFIED

FM SINGAPORE

TO TELELETTER FCO

TELELETTER NFR

OF 09010OZ

JUNE 90

AND TO TELELETTER HONG KONG

FROM TG PAXMAN, CHANCERY, SINGAPORE

FOLLOWING FOR MISS R MARSDEN, HKD, F C O

Mr Hofme

12/6

صل

Simante boo

Int support file plame

COPIED TO: S BRADLEY ESQ, POLITICAL ADVISER'S OFFICE, HONG KONG

HONG KONG: INTERNATIONAL SUPPORT

NA 14/6

1. IN OUR TELNO 033 WE MENTIONED PRESS REPORTS HERE THAT SINGAPORE WAS PLANNING TO INVEST UP TO USDOLLARS 2 BILLION IN HONG KONG OVER

THE NEXT 10 YEARS.

2. YOU MAY WISH TO KNOW THAT BRIGADIER GENERAL GEORGE YEO, SINGAPORE'S MINISTER OF STATE (FOREIGN AFFAIRS AND FINANCE) IS REPORTED TO HAVE SAID, DURING A CLOSED DOOR WORKSHOP THAT HE CHAIRED HERE ON 6 JUNE, AS PART OF THE CURRENT GLOBAL STRATEGIES CONFERENCE, THAT SINGAPORE WAS CONSIDERING SETTING UP AN OFFICE TO STUDY

INVESTMENT PROSPECTS IN HONG KONG. SPEAKING TO REPORTERS AFTER THE WORKSHOP, TAN CHIN NAM (MANAGING DIRECTOR OF SINGAPORE'S ECONOMIC DEVELOPMENT BOARD) SAID THAT THE INVESTMENT OFFICE WOULD HAVE TO BE

SET UP IN BOTH HONG KONG AND SINGAPORE BUT THAT IT WAS TOO EARLY TO

DISCLOSE DETAILS OF THE PLANS.

3. TAN SUBSEQUENTLY TOLD OUR HIGH COMMISSION IN CONFIDENCE THAT HE EXPECTED TO DISCUSS THE POSSIBILITY OF ESTABLISHING A SINGAPORE INVESTMENT OFFICE IN HONG KONG WHEN A DELEGATION FROM THE HONG KONG DEVELOPMENT COUNCIL VISITS HERE SOON TAN COULD NOT RECALL THE PRECISE DATE).

SIGNED TG PAXMAN

YYYY

NNNN

DISTRIBUTION

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