XN000022-1990-02-24 — Page 4

SATURDAY, FEBRUARY 24, 1990

MORE DETAILS ARE GIVEN IN THE "CONSUMER PRICE INDEX REPORT" FOR JANUARY 1990, WHICH IS AVAILABLE AT $5 PER COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE

GENERAL POST OFFICE BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG; OR FROM THE CENSUS AND STATISTICS DEPARTMENT, 19/F., WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI, HONG KONG; OR FROM THE INFORMATION SERVICES DEPARTMENT, FRENCH MISSION BUILDING, 1 BATTERY PATH, HONG KONG FOR LOCAL AND OVERSEAS MAILINGS.

TELEPHONE ENQUIRIES ABOUT THE INDEXES MAY BE MADE TO THE CONSUMER PRICE INDEX SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON 8235089.

1990, UP BY 0. 4 PER

THE HANG SENG CPI WAS 142.7 IN JANUARY CENT OVER DECEMBER 1989 AND UP BY 11.1 PER CENT OVER JANUARY 1989.

THE HANG SENG CPI IS BASED ON THE EXPENDITURE PATTERN OF THE 10 PER CENT OF URBAN HOUSEHOLDS IN HONG KONG THAT SPENT $10,000-$24,999 A MONTH DURING *THE 1984/85 HOUSEHOLD EXPENDITURE

SURVEY.

FURTHER DETAILS REGARDING THIS INDEX ARE INCLUDED IN THE HANG SENG CPI REPORT ISSUED BY THE FCONOMIC RESEARCH DEPARTMENT OF HANG SENG BANK LTD.

HONG KONG WILL REMAIN A UNIQUELY SUCCESSFUL ECONOMY

* *

THE SPENDING ON

WILL

MAJOR

WILL

DEVELOPMENTS INFRASTRUCTURAL DOMINATE MUCH OF THE GOVERNMENT'S FINANCIAL PLANNING OVER THIS DECADE,

PUT HONG KONG IN AN EXTREMELY RESULTS BUT THE END POSITION TO MAINTAIN ITS ECONOMIC STRENGTH INTO THE NEXT CENTURY.

MACLEOD, THE SECRETARY FOR THE TREASURY, MR HAMISH TODAY (SATURDAY) WHEN HE TALKED ABOUT HONG KONG'S ECONOMIC

AND THE ROLF OF TIF AND OPPORTUNITIES,

INTERNATIONAL COMMUNITY AT THE BAKER AND MACKENZIE PACIFIC BASIN MEETING.

STRONG

SAID THIS

CHALLENGES BUSINESS

STRATEGY, DEVELOPMENT

WAS ONE PARTICULAR BUSINESSMEN INTERNATIONAL

THE CORP

ARFA

WAS

HE SAID THE PORT AND VIPPORT PROJECTS OF WHICH ALONE COST $127 BILLION WHERE ESPECIALLY IMPORTANT.

THE

NEW

OPPORTUNITIES

FOR

KINDS

"THEY WILL INVOLVE MAJOR, PRIVATE

SECTOR INVOLVEMENT OF

ALL AND OF

HE SAID.

BOTH IN THE FORM OF PRIVATISED PROJECTS AND FINANCE, WORK FOR FIRMS OF ENGINEERS, ARCHITECTS, AND EVEN LAWYERS,

11

/REVIEWING THE