3
THURSDAY, FEBRUARY 23, 1989
HONG KONG/UNITED KINGDOM AIR SERVICES
A GOVERNMENT SPOKESMAN HAS CONFIRMED RECENT PRESS REPORTS AT TALKS HELD IN LONDON FROM FEBRUARY 14 TO REACHED ON REVISED ARRANGEMENTS FOR AIR
18, AGREEMENT SERVICES AND THE UNITED KINGDOM.
BETWEEN HONG
THAT
WAS
KONG
"UNDER THE NEW ARRANGEMENTS, FROM THE END OF
PASSENGER
NEXT MONTH HONG AND CARGO SERVICES A
THE SPOKESMAN SAID.
KONG AIRLINES MAY OPERATE UP TO 21 WEEK, AND UK AIRLINES MAY MOUNT THE SAME NUMBER,
"I
MBAN THAT THERE WILL BE
"THE ARRANGEMENTS SHOULD THEREFORE ADEQUATE CAPACITY AVAILABLE TO MEET PUBLIC DEMAND."
FOREIGN INVESTMENT IN MANUFACTURING SECTOR BOOMING
THE SECRETARY FOR TRADE AND INDUSTRY, MR HAMISH MACLEOD, IS CONFIDENT THAT HONG KONG IS BOOMING AS MANY INVESTORS HAVE ASSESSED THE SITUATION HERE AND BACKED THEIR JUDGEMENT WITH THEIR MONEY BY SETTING UP FACTORIES HERE.
DELIVERING THE
WELCOME ADDRESS AT A SEMINAR TODAY (THURSDAY) TO ENCOURAGE INVESTMENT IN THE INDUSTRIAL SECTOR, MR MACLEOD SAID INVESTORS' CONFIDENCE IN HONG KONG WAS DEMONSTRATED UNEQUIVOCALLY BY ABOUT US$2,708 MILLION WORTH OF OVERSEAS INVESTMENT IN OUR MANUFACTURING SECTOR AS AT THE END OF 1987.
QUOTING FINDINGS OF A YEARLY SURVEY CONDUCTED BY THE INDUSTRY DEPARTMENT AMONG MANUFACTURING COMPANIES WHICH CONTAINED FOREIGN INVESTMENT, MR MACLEOD SAID FOREIGN INDUSTRIAL INVESTMENT IN HONG KONG WAS ON INCREASING TREND.
HE TOLD PARTICIPANTS OF THE SEMINAR ON "INDUSTRIAL INVESTMENT IN HONG KONG" THAT BEFORE 1970, ONLY 89 OVERSEAS INVESTMENTS WERE RECORDED.
YEAR
"FROM 1970 TO 1979, THERE WERE ON AVERAGE 21 INVESTMENTS EACH AND FROM 1980 то 1984 THE AVERAGE ANNUAL NUMBER OF NEW INVESTMENTS ROSE TO 37.
"BY MID 1980'S, THE AVERAGE GROWTH RATE HAD REACHED 49 AND IN 1987 THERE WERE 83 NEW INVESTMENTS, THE HIGHEST NUMBER EVER RECORDED IN A SINGLE YEAR, MR MACLEOD SAID.
+
/AT THE