XN000022-1988-05-16 — Page 3

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MONDAY, MAY 16, 1988

"IT HAS NOW BECOME A MEMBER OF THE

INTERNATIONAL ADVISORY COUNCIL; AND MR J.P. LEE, CHAIRMAN OF THE COUNCIL IN HONG KONG, IS NOW ONE OF THE INTERNATIONAL TRUSTEES, HE SAID.

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"THESE DEVELOPMENTS WILL HELP ΤΟ INTERNATIONALLY.

"THEY WILL ALSO PROVIDE ADDITIONAL EXCHANGES OF SCHEME PARTICIPANTS WITH THOSE TERRITORIES."

BOOST HONG KONG'S IMAGE

OPPORTUNITIES TO ARRANGE IN OTHER COUNTRIES AND

COMMENDING THE SUCCESS OF THE SCHEME, SIR DAVID SAID HE WAS SURE THAT THE COMMUNITY WOULD CONTINUE TO GIVE IT FULL SUPPORT.

GOVT SUPPORTS INDUSTRY TO CREATE FAVOURABLE BUSINESS ENVIRONMENT

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TO CREATE A FAVOURABLE BUSINESS ENVIRONMENT, THE GOVERNMENT IS SUPPORTING INDUSTRY IN TWO MAIN AREAS

INFRASTRUCTURE AND DEVELOPMENT, THE DEPUTY DIRECTOR OF INDUSTRY, MR ANDREW LEUNG, SAID TODAY (MONDAY).

ADDRESSING THE FELLOWS OF THE SLOAN SCHOOL OF MANAGEMENT, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, AT A LOCAL SEMINAR, MR LEUNG SAID THE GOVERNMENT HAD PROVIDED TWO INDUSTRIAL ESTATES, EACH OF ABOUT 67 HECTARES, AT PRICES REFLECTING ONLY FORMATION COSTS FOR QUALIFIED INDUSTRIAL USERS.

ANOTHER HUNDRED HECTARES OF LAND WERE LIKELY TO BE PROVIDED BY 1993 BY A THIRD INDUSTRIAL ESTATE, HE SAID.

MR LEUNG NOTED THAT THE EXISTING TERTIARY INSTITUTIONS WERE ALREADY INTRODUCING MODULAR ELECTRONICS CURRICULA TO PRODUCE MORE GRADUATES FAMILIAR WITH MICROPROCESSER AND COMPUTER DESIGN/MANUFACTURE TECHNIQUES.

AIDED

IN

HE ADDED THAT THERE WAS A SCHEME SPONSORING PRACTISING ELECTRONICS ENGINEERS TO GO ABROAD TO ABSORB THE LATEST TECHNIQUES THE DESIGN AND USE OF APPLICATION SPECIFIC INTEGRATED CIRCUITS.

/FURTHER SPONSORSHIPS