XN000022-1991-06-11 — Page 13

AT PRESENT,

THE

LAND

12

DEVELOPMENT

TUESDAY, JUNE 11, 1991

CORPORATION

19 ACQUIRING

AFFECTED PROPERTIES THROUGH NEGOTIATION WITH THE PROPERTY OWNERS.

PROPERTIES ON MAY REQUEST THE

SHOULD IT BE UNABLE TO ACQUIRE ALL THE AFFECTED TERMS THAT ARE FAIR AND REASONABLE, THE CORPORATION SECRETARY FOR PLANNING, ENVIRONMENT AND LANDS TO RECOMMEND UNDER THE CROWN LANDS RESUMPTION ORDINANCE.

RESUMPTION

*

HONG

INVESTORS (TUESDAY).

KONG ITSELF IS THE

A

BIG

OF DIRECTOR

INDUSTRY, MR

ПК A BIG INCENTIVE TO POTENTIAL OVERSEAS INVESTORS

*

INCENTIVE TO POTENTIAL OVERSEAS

T.H.

SAID BARMA,

TODAY

HE WAS SPEAKING AT A INDUSTRY AND COMMERCE" FRANCE.

SEMINAR ON "HONG KONG AT THE LYON CHAMBER OF

A

COMMERCE

IN

BASE FOR LYON,

THE

MR BARMA SAID: "WHILE THE OPENING UP OF EASTERN EUROPE AND

EUROPEAN MARKET SINGLE

HAVE

ATTRACTED PROSPECTS OF THE

OBVIOUSLY IF THEY IT WOULD BE A PITY

MISSED OUT ON THE FUROLFAN INVESTORS,

IS NOT GREAT OPPORTUNITIES OFFERED BY THE ASIA-PACIFIC REGION, WHICH STANDUNG STILL

་

HE SAID A NUMBER OF DEVELOPMENTS HAD REINFORCED THE THIS WAS ONE OF THE FASTEST GROWING AREAS IN THE WORLD.

EFFICIENT

THONG KONG, WITH ITS SOUND ECONOMIC

FREE INFRASTRUCTURE,

TRADE AND BUSINESS

AND

LABOUR FORCE, HARDWORKING EXCELLENT COMMUNICATIONS NETWORK, HAS BEEN THE HUR FOR DOING BUSINESS IN THE ASIA-PACIFIC,

FACT THAT

FOUNDATION AND EXCELLENT

FREE ENTERPRISE POLICY,

RATE LOW TAXATLON

AND AND WILL CONTINUE TO BE

HE SAID.

-

INVESTORS WERE STILL

WITH AS

OTHER MR BARMA SAID

IN SLOWDOWN

GROWTH, EXPERIENCING A

CONFIDENT OF

וי!!!!

HONG ECONOMIES

KONG WAS NOW BOTH

AND LOCAL

OVERSEAS THE RREGITT PROSPECTS FOR DOING

PROFITABLE BUSINESS THERE,

PAST EXPERIENCE HAS SHOWN THAT

THE

OF BCONOMY

HONG

"INDEED. +

KONG IS EXTREMELY RESILIENT.

HONG KONG WAS WITH ENHANCED VIGOUR, HE

"WHENEVER THERE WAS A GLOBAL ECONOMIC SLOWDOWN, ONE OF THE FIRST TO BOUNCE BACK QUICKLY SAID.

-

OF THE LATEST SURVEY ON MR BARMA SAID ACCORDING TO RESULTS

FLONG KONG'S MANUFACTURING

TOTAL OVERSEAS INVESTMENT IN

INDUSTRIES US$3,812 MILLION, INVESTMENT FROM ALL SOURCES AT THE END OF 1989 WAS

(260 PER CENT) THE 13.6 PER CENT UP FROM 1988 AND MORE THAN DOUBLE FLAURE RECORDED IN 1984.

/"INVESTMENT FROM