2
TUESDAY, NOVEMBER 14; 1989
"THEN
MEET WITH OTHER MEETING SOME Or LORDS WHO ARE HE ADDED.
WILL. AS USUAL. TAKE THE CHANCE TO SENIOR OFFICIALS IN THE FOREIGN OFFICE. AND 1 WILL BE MEMBERS OF THE
OF COMMONS AND THỊ HOUSE HOUSE PARTICULARLY INTERESTED IN HONG KONG AFFAIRS.
JI
THE
GOVERNOR
UNOVEMBER 19).
HE
WILL RETURN
ΤΟ
HONG
KONG
ON SATURDAY
WAS SEEN OFF AT THE AIRPORT BY LADY WILSON. AND SECRETARY. SIR DAVID FORD.
1988 OVERSEAS INVESTMENT GROWS BY 24 PER CENT
THE CHIEF
OVERSEAS INVESTMENT IN HIONG KONG'S MANUFACTURING INDUSTRIES GREW BY 24 PER CENT LAST YEAR, ACCORDING TO THE LATEST SURVEY REPORT RELEASED BY THE INDUSTRY DEPARTMENT TODAY (TUESDAY).
+
ANNOUNCING RESULTS OF THE SURVEY AT A PRESS CONFERENCE, THE DIRECTOR OF INDUSTRY, MR T.H. BARMA, SAID TOTAL OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES AT THE END OF 1988 HAD RISEN TO $26,172 MILLION 24 PER CENT HIGHER THAN IN 1987 AND MORE THAN DOUBLE THE FIGURF RECORDED AT SEPTEMBER 1984.
THE 1989 SURVEY OF OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES IS THE LATEST IN A SERIES OF SURVEYS UNDERTAKEN ANNUALLY BY THE INDUSTRY DEPARTMENT
TO ASSESS THE LEVEL AND TYPE OF OVERSEAS INVESTMENT IN MANUFACTURING.
THE SURVEY IDENTIFIED 605 MANUFACTURING COMPANIES WITH OVERSEAS INVESTMENT IN 1988 COMPARED WITH 593 IN THE PREVIOUS YEAR.
MR BARMA SAID THE UNITED STATES CONTINUED ΤΟ RE TIE LEADING SOURCE OF INVESTMENT, CONTRIBUTING 31 PER CENT OF TOTAL OVERSEAS INVESTMENT.
JAPAN. CILENA AND THE UNITED KINGDOM REMAINED IN SECOND, THIRD AND FOURTH PLACES. WITH 27 PER CENT. 11 PER CENT AND NINE PER CENT OF TOTAL INVESTMENT RESPECTIVELY. HE SAID.
"HOWEVER, JAPAN INVESTED MORE IN HONG KONG'S MANUFACTURING INDUSTRIES IN 1988 THAN ANY OTHER INVESTING COUNTRY AND, IF ITS PRESENT RATE OF INVESTMENT CONTINUES, T'T MAY SOON CHALLENGE THE UNITED STATES IN THE FIRST PLACE. HE ADDED.
H
MR BARMA SAID THE MAIN AIM OF THE INDUSTRY DEPARTMENT'S INWARD INVESTMENT PROMOTION PROGRAMME WAS TO ENCOURAGE OVERSEAS INVESTORŠ TO INTRODUCE TO HONG KONG, THROUGH THEIR INVESTMENTS. NEW OR IMPROVED PRODUCTS. PROCESSES. DESIGNS AND MANAGEMENT TECHNIQUES.
"THE SURVEY