FRIDAY, OCTOBER 18, 1991
SAID THE WERE
TURNING ΤΟ THE TRENDS IN WORLD ECONOMY, MR MACLEOD GENERAL VIEWS EMERGING AT THE IMF/WORLD BANK 1991 ANNUAL MEETING THAT THE WORLD ECONOMY AND TRADE WOULD PICK UP IN 1992.
"THESE TRENDS ARE HELPFUL FOR HONG KONG," MR MACLEOD SAID.
L
FROM THE EMERGING "LATIN AMERICA
COMING BACK AND IT 15 IS
QUITE CREDIT CRISIS. PLACES LIKE MEXICO, CHILE AND VENEZUELA ARE NOW
DIRECTION AND ARE STRONG ECONOMIES.
ARE MOVING IN A LIBERAL THEY
SOME ATTENTION FROM US, OPENING UP THEIR MARKETS. THEY DESERVF MR MACLEOD SAID.
AS REGARDS THE SOVIET UNION, THE FINANCIAL SECRETARY WAS IN A VERY BAD STAGE ECONOMICALLY AND FINANCIALLY. "THERE TRADE OPPORTUNITIES THERE BUT INVESTMENT IS RATHER ADDED.
**
SAID IT MAY BR DIFFICULT, HE
COMMERCIAL
THE SHORTAGE OF MONEY FOR THE "CREDIT CRUNCH' ON BANKS TO LEND, MR MACLEOD SAID THE MESSAGE HE GOT WAS THAT AS LONG A BORROWER REMAINED COMPETENT AND CREDIT-WORTHY, EFFICIENT AND WITH GOOD PROJECT THERE WERE CERTAINLY FUNDS AVAILABLE.
TURNING TO INFLATION, MR MACLEOD SAID HIGH PROPERTY PRICE CLEARLY A KEY AREA OF CONCERN
HE POINTED OUT THAT THE GOVERNMENT WAS CONSIDERING IF FURTHER COULD BE DONE TO RELIEVE THE SITUATION,
AS A
WAS
ANYTHING
INFLATION 'OVERING THE SUBJECT OF MR MACLEOD SAL HE WOULD BE
OUNCIL ON NOVEMBER 6. IN SOME DEPTH AT THE MEETING OF THE LEGISLATIVE
1
HOWEVER, HE SAID ONË SHOULD NOT EXPECT THE GOVERNMENT TO UP WITH A WHOLE PACKAGE OF PROPOSALS AT THAT MEETING.
COME
HE POINTED OUT THAT SOME OF THE PRESSURES THAT LED TO INFLATION WERE BEYOND HUMAN INTERVENTION
"BUT I AM NOT SAYING THAT THERE IS NOTHING WE CAN DO. THERE ARE QUITE SEVERE LIMITATIONS ON HOW MUCH WE CAN BRING DOWN IN THE SHORT AND MEDIUM TERMS, MR MACLEOD SAID.
·
CLEARLY INFLATION
STATEMENT ON VM'S
THE FOLLOWING STATEMENT ON VIETNAMESE MIGRANTS WAS MADE BY SECRETARY FOR SECURITY, MR ALISTAIR ASPREY, TODAY (FRIDAY):
THE
"WHAT WE ARE SEEKING IS THE REINSTATEMENT OF NORMAL IMMIGRATION MEANS ARRANGEMENTS ARRANGEMENTS BETWEEN HONG KONG AND VIETNAM. THIS FOR THE RETURN OF ALL NON-REFUGEE ILLEGAL IMMIGRANTS FROM HONG KONG TO VIETNAM. PUT ANOTHER WAY, IT MEANS THE FULI. COMPREHENSIVE PLAN OF ACTION.
IMPLEMENTATION OF THE
"I WANT