FRIDAY, NOVEMBER 2, 1990
OWING то THE WIDESPREAD SUB-CONTRACTING PRACTICE CONSTRUCTION INDUSTRY, A CONSTRUCTION ESTABLISHMENT CAN CONTRACTOR FOR ONE CONTRACT AND A SUB-CONTRACTOR FOR ANOTHER SIMULTANEOUSLY.
IN THE
BE
A MAIN CONTRACT
THE GROSS VALUE CONTRACTORS
MAIN
OF CONSTRUCTION WORK PERFORMED BY (WHICH MAY BE GENERAL CONTRACTORS OR CONTRACTORS) REFERS TO THE OUTPUT OF THOSE CONSTRUCTION ESTABLISHMENTS SPECIAL TRADE
IN THE PROJECTS IN WHICH THEY TAKE THE ROLE OF A MAIN CONTRACTOR, DOES NOT INCLUDE THE CONSTRUCTION OUTPUT OF PROJECTS IN PLAY THE ROLE OF SUB-CONTRACTORS.
AND
WHICH THEY
HAVE
HOWEVER, SUB-CONTRACTORS' CONTRIBUTION TO PROJECTS SHOULD BEEN INCLUDED IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THE MAIN CONTRACTORS FOR WHOM THEY WORKED.
MORE DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN THE "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 2ND QUARTER 1990".
IN
AT
THE REPORT IS NOW ON SALE AT $2.50 A COPY AT THE PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR GOVERNMENT
THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SALES WANCHAI TOWER 1, 19TH FLOOR, 12 HARBOUR ROAD, WAN CHAI. SUBSCRIPTION MAY ALSO BE ARRANGED.
COUNTER, REGULAR
MAY STATISTICS
BE
ENQUIRIES FOR FURTHER INFORMATION ABOUT THE SURVEY DIRECTED то THE BUILDING, CONSTRUCTION AND REAL ESTATE SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL. 839 3265.
BANKING LICENCE GRANTED TO DEVELOPMENT BANK OF SINGAPORE
LTD.
THE DEVELOPMENT BANK OF SINGAPORE BANKING LICENCE TO CONDUCT BUSINESS IN HONG SPOKESMAN SAID TODAY (FRIDAY).
HAS BEEN KONG, A
GRANTED A GOVERNMENT
THE DEVELOPMENT BANK OF SINGAPORE IS THE LARGEST SINGAPOREAN BANK, AND 139TH IN THE WORLD IN TERMS OF CAPITAL. IT HAS A REPRESENTATIVE OFFICE, A DEPOSIT-TAKING SUBSIDIARY AND A STOCKBROKING SUBSIDIARY IN HONG KONG.
THE SPOKESMAN SAID THE CONTINUING INTEREST OF FOREIGN BANKS IN ENTERING THE LOCAL MARKET REFLECTED HONG KONG'S ROLE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.
"GIVEN THE IMPORTANCE OF HONG KONG'S BILATERAL TRADE WITH SINGAPORE, IT IS MUTUALLY BENEFICIAL FOR SINGAPORE то HAVE AN APPROPRIATE REPRESENTATION IN THE HONG KONG BANKING SECTOR, HE SAID.
THE GRANTING OF THE LICENCE BRINGS THE TOTAL NUMBER OF LICENSED BANKS TO 167,
TO 167, OF WHICH 137 ARE INCORPORATED OUTSIDE HONG KONG. A TOTAL OF FOUR BANKING LICENCES HAVE BEEN GRANTED SO FAR YEAR.
THIS
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