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FRIDAY, JUNE 19, 1992
MR MACLEOD EXPLAINED THAT THE NEW ARRANGEMENTS WOULD BUILD ON THE PRESENT SYSTEM.
"THIS NEW INITIATIVE IS DESIGNED TO INVOLVE SECRETARIES AND THEIR DEPARTMENTS MORE CLOSELY IN THE DEPLOYMENT OF FINANCIAL RESOURCES ALLOCATED TO THEM."
HE ADDED: "UNDER THESE ARRANGEMENTS, IT WILL NO LONGER BE NECESSARY FOR SECRETARIES AND HEADS OF DEPARTMENTS TO DELIVER ACROSS- THE-BOARD SAVINGS TARGETS AS THEY WERE REQUIRED TO LAST YEAR.
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MR MACLEOD ALSO BRIEFED LEGISLATORS ON HIS PLANS то CONSULT THEM DURING THE PREPARATORY STAGE OF HIS FUTURE BUDGETS. HE SAID HE HAD RECENTLY COMPLETED A ROUND OF EXPLORATORY TALKS INVOLVING ALL
LEGISLATORS.
"IT IS MY INTENTION TO START SEEKING MEMBERS' VIEWS ON EXPENDITURE PRIORITIES NEXT MONTH. THIS WILL BE FOLLOWED BY DISCUSSIONS ON REVENUE OPTIONS LATER IN THE YEAR. THE CONSULTATION PROCESS WILL START WITH A SPECIAL BRIEFING FOR MEMBERS IN JULY."
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ORDERS-ON-HAND, EMPLOYMENT AND PER CAPITA EARNINGS FIGURES FOR APRIL RELEASED
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THE VOLUME OF ORDERS-ON-HAND FOR THE 200 LARGEST MANUFACTURERS IN APRIL THIS YEAR INCREASED BY 2% OVER THE SAME MONTH LAST YEAR, ACCORDING TO THE RESULTS OF A MONTHLY SURVEY RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
MOST INDIVIDUAL INDUSTRIES REPORTED IMPROVEMENT IN ORDERS POSITION OVER A YEAR AGO, WITH THE LARGEST INCREASE IN THE PLASTIC PRODUCTS INDUSTRY.
A SLIGHT DECREASE IN ORDERS, HOWEVER, WAS RECORDED IN THE TEXTILES INDUSTRY.
COMPARED WITH THE PRECEDING MONTH, THE VOLUME OF ORDERS-ON-HAND FOR THE MANUFACTURERS SURVEYED SHOWED LITTLE CHANGE IN APRIL 1992.
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ORDERS INCREASED IN THE TEXTILES INDUSTRY BUT DECREASED IN FABRICATED METAL PRODUCTS INDUSTRY. THE WEARING APPAREL, PLASTIC PRODUCTS AND ELECTRICAL AND ELECTRONIC PRODUCTS INDUSTRIES REPORTED LITTLE CHANGE IN ORDERS.
THE VOLUME OF ORDERS-ON-HAND IS MEASURED IN TERMS OF THE NUMBER OF MONTHS AND REFERS TO ORDERS OUTSTANDING AS AT THE END OF THE REFERENCE MONTH,
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IN LINE WITH THE RECENT TREND THE TOTAL WORKFORCE OF THE LARGEST MANUFACTURERS DECREASED BY 11% IN APRII, 1992 WHEN COMPARED WITH A YEAR AGO. THIS REFLECTS THE CONTINUING TREND OF RELOCATING PRODUCTION PROCESSES TO SOUTH CHINA.
/ALL INDIVIDUAL