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MONDAY, SEPTEMBER 7, 1987
REPLYING TO ANOTHER QUESTION, MR JACOBS SAID THE GOVERNMENT WOULD EXAMINE WAYS IN WHICH MORE PEOPLE COULD BE DRAWN INTO THE LABOUR FORCE.
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"I THINK, IF YOU ARE TALKING ABOUT HOUSEWIVES. THE MAIN PROBLEM IS KIDS
WHO IS GOING TO LOOK AFTER THE KIDS? WHAT ARRANGEMENTS CAN BE MADE? THAT'S THE SORT OF QUESTION WE ARE GOING TO ADDRESS."
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UK INVESTORS URGED TO CONSIDER HK'S MANUFACTURING INDUSTRIES
THE MIX OF BRITISH EXPERTISE AND THE ENTREPRENEURIAL INGENUITY OF HONG KONG PARTNERS IN JOINT VENTURE ENTERPRISES CAN BE AN UNBEATABLE AND HIGHLY PROFITABLE COMBINATION, THE DIRECTOR OF INDUSTRY, MR K.Y. YEUNG, SAID TODAY (MONDAY) AT AN INDUSTRIAL PROMOTION SEMINAR IN LONDON.
ADDRESSING OVERSEAS BUSINESSMEN AND POTENTIAL INVESTORS ON HONG KONG'S INDUSTRIAL SECTOR, MR YEUNG POINTED OUT THAT THE SORT OF UK MANUFACTURING CONCERNS THAT WOULD BENEFIT MOST FROM HONG KONG'S INVESTMENT OPPORTUNITIES ARE THOSE WITH A FLAIR FOR PRODUCT INNOVATION AND GOOD DESIGN, A GOOD RESEARCH AND DEVELOPMENT CAPABILITY, EFFICIENT MANAGEMENT SYSTEMS, AND PRODUCTION REGIMES BASED ON QUICK RESPONSE AND SHORT RUNS,
COMPANIES IN SUPPORTING OR LINKAGE INDUSTRIES, PRESCISION ENGINEERING AND FABRICATION, MOULD MAKING, DIE CASTING, APPLICATION SPECIFIC INTEGRATED CIRCUITS AND SURFACE MOUNTING, ARE CERTAIN ΤΟ PROSPER, HE ADDED.
A 1986 SURVEY SHOWED THAT THERE WERE 27 WHOLLY-OWNED BRITISH COMPANIES MANUFACTURING IN HONG KONG, COMPARED WITH 60 JAPANESE AND 96 US COMPANIES. THE NUMBER RISES TO 56. IF JOINT VENTURES ARE INCLUDED, WITH AN AGGREGATE INVESTMENT VALUE OF $83 MILLION, PUTTING BRITAIN IN FOURTH PLACE IN TERMS OF
THE VALUE OF TOTAL OVERSEAS MANUFACTURING INVESTMENT IN HONG KONG.
MR YEUNG NOTED THAT THE JUSTIFICATION FOR ATTRACTING FOREIGN INVESTMENT IS BASED NOT SO MUCH ON THE NEED FOR CAPITAL AND JOBS, AS ON THE ROLE THAT FOREIGN INVESTMENT PLAYS
IN ENRICHING HONG KONG'S INDUSTRIAL BASE WITH NEW OR IMPROVED DESIGNS, PRODUCTS AND PRODUCTION PROCESSES.
THE VALUE