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5
THURSDAY, SEPTEMBER 9. 1993
STATEMENT ON COST OF AIRPORT RAILWAY
* * *
COMMENTING ON A NEWSPAPER REPORT THAT THE ESTIMATED COST OF THE AIRPORT RAILWAY HAD INCREASED BY 30%, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY):
"THE ESTIMATE FOR THE COST OF THE AIRPORT RAILWAY REMAINS AT THE $22.2 BILLION IN 1991 FIGURES ($33.5 BILLION IN MONEY OF THE DAY) ANNOUNCED IN APRIL LAST YEAR. INDIVIDUAL ELEMENTS OF THE PROJECT ARE CONTINUALLY UNDER REVIEW AT THE DESIGN STAGE, BUT THE TOTAL ESTIMATE OF THE PROJECT REMAINS UNCHANGED, AND NO NEW ESTIMATE HAS BEEN PREPARED BY EITHER THE GOVERNMENT OR THE MTRC."
VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN JUNE
*
THE VOLUME OF DOMESTIC EXPORTS IN THE FIRST HALF OF THIS YEAR DECREASED BY 3.8% OVER THE SAME PERIOD LAST YEAR, WHILE THAT OF RE-EXPORTS RECORDED A SIGNIFICANT INCREASE OF 22%, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 15%. IMPORTS INCREASED BY 15% IN VOLUME.
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES WITH THE EFFECT OF PRICE CHANGES BEING DISCOUNTED.
AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF BOTH DOMESTIC EXPORTS AND RE-EXPORTS REMAINED UNCHANGED. IMPORT PRICES DECREASED BY 0.8%.
WHICH
PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE
ARE COMPILED BASED ON AVERAGE UNIT VALUES OR. FOR
COMMODITIES, BASED ON SPECIFIC PRICE DATA.
INDICES,
CERTAIN
THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX, INCREASED SLIGHTLY BY 0.7% IN THE FIRST HALF OF THIS YEAR AS COMPARED WITH THE SAME PERIOD LAST YEAR.
TAKING JUNE 1993 ALONE AND COMPARING WITH JUNE 1992, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 13% WHILE THAT OF RE-EXPORTS
INCREASED BY 13%. THE VOLUME OF TOTAL EXPORTS INCREASED BY 5.9%. VOLUME OF IMPORTS GREW BY 5.5%.
OVER THE SAME PERIOD OF COMPARISON, EXPORTS AND RE-EXPORTS INCREASED BY 1.0% IMPORT PRICES REMAINED UNCHANGED.
THE
THE PRICES OF DOMESTIC
AND 0.6% RESPECTIVELY.
/COMPARING JUNE