6
TUESDAY, JUNE 26, 1990
**SMALL
OUR PRINTING YFARS, AND
AND
WONDER THAT THE INTERNATIONAL STATUS OF
STEADILY INDUSTRY HAS
IN RECENT CONTINUED TO GROW ESTABLISHED A REPUTATION FOR QUALITY, QUICK AND RELIABLE DELIVERY COMPETITIVE PRICES, SIR DAVID SAID.
14
SIR DAVID ALSO POINTED OUT THAT HONG KONG HAD A HIGHLY EDUCATED WORKFORCE IN A COMMUNITY WHERE ENGLISH WAS WIDELY USED.
"THERE
HARDLY BE A BETTER BASIS COULD INDUSTRY TO DEVELOP.
FOR
AN
INTERNATIONAL
SOIL
"TO BORROW AN ANALOGY FROM AGRICULTURE, WE HAVE THE RIGHT
THE RIGHT CLIMATE. AND THE RIGHT PLANTS. BUT WE ALSO HAVE MORE
L
"THE FREE, UNOBSTRUCTED AND UNCENSORED FLOW OF INFORMATION
GEO-POLITICAL EVERY SUBJECT UNDER THE SUN - ECONOMIC, SOCIOLOGICAL, THAT MIGHT HAVE A BEARING ON THE WORLD SCENE IS ABSOLUTELY VITAL IF PUBLISHER IS TO ESTABLISH A BASE OF OPERATIONS WITH CONFIDENCE," DAVID SAID.
HK OFFERS AMPLE OPPORTUNITIES FOR FINANCIAL BUSINESS
ON
A
SIR
PACIFIC
ASIAN AMPLE
FOR
OF THE GIVEN THE ECONOMIC DYNAMISM OF HONG KONG AND
REGION IN
THERE WILL GENERAL,
CONTINUE TO BE OPPORTUNITIES FOR FINANCIAL BUSINESS IN HONG KONG, THE SECRETARY MONETARY AFFAIRS, MR DAVID NENDICK, SAID THIS (TUESDAY) AFTERNOON.
INTERNATIONAL
OF
IN RAISE FUNDS,
THE
SPEAKING AT THE SIXTH ANNUAL GENERAL MEETING OF THE ACADEMY
MR
ECONOMIES BUSINESS,
NENDICK SAID THAT AS REGION DEVELOPED, THERE WOULD BE AN INCREASING NEED TO PARTICULARLY FOR INFRASTRUCTURAL DEVELOPMENTS.
MAJOR HE NOTED THAT IN THE 1990S, HONG KONG WAS EMBARKING ON A
MOST NOTABLY, INFRASTRUCTURAL DEVELOPMENT PROGRAMME WHICH INCLUDED, THE CONSTRUCTION OF A NEW AIRPORT AND TWO ADDITIONAL TERMINALS TO CONTAINER PORT.
THE
"THESE PRIVATE AND PUBLIC SECTOR INITIATIVES WILL CONTRIBUTE SIGNIFICANTLY TO ACTIVITY IN THE FINANCIAL SAID.
NO DOUBT HE MARKETS,
**
ABOUT TALKING
THE
LONGER TERM
EXPANSION POTENTIAL
OF
THE
GROWING DEMAND BY CAPITAL MARKETS IN THE REGION, HE ANTICIPATED A INVESTORS AND BORROWERS FOR MORE SOPHISTICATED FINANCIAL SERVICES SUCH AS INTEREST AND EXCHANGE RATE SWAPS.
"MOREOVER, SOME ECONOMIES, FOR INSTANCE TAIWAN AND SOUTH KOREA, ARE GRADUALLY SHIFTING THE EMPHASIS OF MONETARY MANAGEMENT FROM DIRECT ADMINISTRATIVE CONTROLS TO INDIRECT MACROECONOMIC CONTROLS.
/"THE NEED