22
WEDNESDAY, OCTOBER 25, 1989
LAST 12 MONTHS
OCT 88
ΤΟ
SEP 89
HK$ MN.
OCT 87
ΤΟ SEP 88 HKS MN.
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
225,219
210.488
14,731
7.0
RE-EXPORTS
337,245
246,652
90,593 36.7
TOTAL EXPORTS
562.464
457.140
IMPORTS
564.426
462.400
105.324 23.0
102,026 22.1
TRADE BALANCE
-1.962
-5,260
3.298
BUSINESS ACTIVITIES IN HK RETURN TO NORMAL: STI
BUSINESS ACTIVITIES IN HONG KONG, INCLUDING THOSE INVOLVING CHINA, HAVE QUICKLY RETURNED TO NORMAL SINCE JUNE, THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN CHAN, SAID YESTERDAY (TUESDAY, BRUSSELS TIME).
"THE FUNDAMENTAL ATTRACTIONS OF HONG KONG AS A PLACE FOR BUSINESS AND INVESTMENT REMAIN UNSHAKEN. AND NEW INVESTMENT HAS CONTINUED TO COME IN,
門 HE TOLD THE ROYAL INSTITUTE FOR INTERNATIONAL AFFAIRS IN BRUSSELS IN A SPEECH ENTITLED: "HONG KONG: WILL IT WORK?'
N
CITING JUST A FEW SIGNIFICANT EXAMPLES, MR CHAN SAID TOWARDS THE END OF JULY, FIVE CONSORTIA BID FOR THE LARGEST SITE EVER SOLD IN THE CENTRAL BUSINESS DISTRICT, IT WAS A CLOSE CONTEST WON BY A BID OF US$350 MILLION.
"HONG KONG INTERNATIONAL TERMINALS RECENTLY SECURED A LOAN OF US$1.35 BILLION TO CONSTRUCT TWO NEW CONTAINER TERMINALS. THE LOAN SYNDICATE INVOLVED U.S., JAPANESE AND HONG KONG INTERESTS. THE PAPER WAS OVERSUBSCRIBED ON ISSUE.
·
AND FOUR CONSORTIA BID FOR THE FRANCHISE TO BUILD AND THE WORLD'S BIGGEST CABLE TELEVISION NETWORK IN HONG KONG.
OPERATE
"THE SUCCESSFUL BIDDER BROUGHT TOGETHER CODITEL OF BELGIUM, US WEST AND HONG KONG INTERESTS. THEY WILL BE INVESTING US$700 MILLION IN BUILDING THE SYSTEM," HE SAID.
ALSO SINCE JUNE, MR CHAN ADDED, A SERIES OF INVESTMENT PLANS HAD BEEN ANNOUNCED BY JAPANESE INVESTORS, THEREBY DEMONSTRATING CONFIDENCE IN THE ECONOMIC FUTURE OF HONG KONG.
THEIR
/"THE NEC