8
MONDAY, JULY 18, 1994
3
THE BRIDGE FORMS PART OF THE AIRPORT CORE PROGRAMME'S ROUTE PROJECT LINKING TSING YI ISLAND AND KWAI CHUNG, AN ESSENTIAL ELEMENT OF THE HIGHWAYS NETWORK WHICH CONNECTS THE NEW AIRPORT AT CHEK LAP KOK AND THE TUNG CHUNG NEW TOWN TO THE URBAN AREAS IN KOWLOON AND CENTRAL HONG KONG.
THE BRIDGE CONSTRUCTION CONTRACT WAS AWARDED IN JUNE LAST YEAR TO DRAGAGES-BSG-PENTA JOINT VENTURE AT A COST OF $669.8 MILLION.
EARNINGS AND WAGE STATISTICS FOR MARCH 1994
* * *
AVERAGE LABOUR EARNINGS IN ALL MAJOR SECTORS OF THE
ECONOMY,
AS MEASURED BY PAYROLL PER PERSON ENGAGED, RECORDED A NOTABLE INCREASE OF 12.3% IN MARCH 1994 COMPARED WITH MARCH 1993.
STATISTICS RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT
TODAY SHOWS, AFTER DISCOUNTING FOR CHANGES (MONDAY)
IN CONSUMER PRICES, THE INCREASE WAS 4.1% IN REAL TERMS.
IN MARCH 1994, THE OVERALL WAGE INDEX ECONOMIC SECTORS INCREASED BY 9.9% IN NOMINAL MARCH
AFTER DISCOUNTING FOR CHANGES IN INCREASE IN REAL TERMS WAS 1.8%.
1993.
COVERING
MAJOR ALL TERMS COMPARED WITH CONSUMER PRICES, THE
THE IN
MANUFACTURING
ANALYSED BY SECTORS, AVERAGE EARNINGS SECTOR INCREASED BY 9.6% IN MONEY TERMS OR 1.5% IN REAL TERMS. SHOWED SIMILAR INCREASES.
WAGES
FOR THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES TERMS, SECTOR, THE INCREASE IN AVERAGE EARNINGS WAS 10.8% IN NOMINAL OR 2.6% IN REAL TERMS.
TERMS OR EARNINGS WAS
WAGES SHOWED A SMALLER INCREASE OF 8.4% IN NOMINAL 0.4% IN REAL TERMS. THE LARGER INCREASE IN AVERAGE BECAUSE OF THE PAYMENT OF IRREGULAR BONUSES IN MARCH 1994.
IN
NOMINAL IN WAGES
FOR THE WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS
SECTOR,
9.3% AND
AVERAGE EARNINGS INCREASED BY HOTELS TERMS,
THE CORRESPONDING INCREASES OR 1.2% IN REAL TERMS. WERE 10.1% IN NOMINAL TERMS OR 2.0% IN REAL TERMS.
EARNINGS IN THE TRANSPORT, STORAGE AND COMMUNICATION SECTOR DECLINE RECORDED A MODERATE INCREASE OF 3.5% IN NOMINAL TERMS, BUT A OF 4.1% IN REAL TERMS.
THE
TERMS IN IN MARCH
INCREASE IN AVERAGE EARNINGS IN NOMINAL SMALL MARCH 1994 WAS MAINLY BECAUSE OF A HIGH BASE OF COMPARISON 1993 WHEN IRREGULAR BONUSES WERE PAID IN THE TRANSPORT INDUSTRY.
THE WAGE INDEX FOR THE SECTOR HOWEVER ROSE BY 10.8% IN TERMS OR 2.6% IN REAL TERMS,
/FOR THE
NOMINAL