30
WEDNESDAY, FEBRUARY 3, 1993
DURING THE HONG KONG OPERATION, POLICE SEIZED 50 TELEPHONE CARDS, ONE OF WHICH HAD BEEN ENCODED WITH CREDIT CARD DETAILS AND LOCATED TWO UNDERGROUND BANKS.
WHILE THE THAI POLICE REPORTED NO CONCRETE RESULTS SO FAR, MACAU POLICE HAD REPORTED TWO SUCCESSFUL RAIDS IN WHICH 200 BASE CARDS AND MATERIAL FOR MAKING HOLOGRAMS WERE SELED. TWO PERSONS WERE ARRESTED AS A RESULT.
INVESTIGATIONS BY POLICE IN ALL NATIONS CONCERNED ARE STILL
CONTINUING.
MINIMUM GOVT INTERFERENCE IN BUSINESS
THE GOVERNMENT'S BASIC APPROACH TO BUSINESS, ONE OF MINIMUM INTERFERENCE AND MAXIMUM SUPPORT, HAS SERVED HONG KONG WELL, THE DIRECTOR-GENERAL OF INDUSTRY, MR TH BARMA, SAID TODAY (WEDNESDAY).
SPEAKING AT A LUNCH MEETING OF THE BRITISH CHAMBER OF COMMERCE, MR BARMA SAID:
"IT HAS GENERALLY PROVIDED A VERY FAVOURABLE ENVIRONMENT IN WHICH BUSINESS CAN PROSPER; IT HAS ENSURED THAT OUR INFRASTRUCTURE AND HUMAN RESOURCES ARE NOT LAGGING BEHIND OPPORTUNITIES; AND IT HAS PREVENTED AMBITIOUS AND ZEALOUS BUREAUCRATS FROM MEDDLING IN ECONOMIC ACTIVITIES INSTEAD OF LETTING THEM BE BUSINESS DRIVEN."
MR BARMA SAID THE GOVERNMENT'S POLICIES BASED ON THIS APPROACH WERE EFFECTIVE.
"HONG KONG WORKS. THE FACTS SPEAK FOR THEMSELVES."
T
HE SAID HONG KONG WAS UNDISPUTEDLY A LEADING MANUFACTURING, FINANCIAL AND TRADING CENTRE FOR GOODS AND SERVICES OF THE WORLD.
"WE ENJOY A VERY SATISFACTORY ECONOMIC
ONE OF THE HIGHEST PER CAPITA GDP IN ASIA.
GROWTH RATE AND HAVE
"WE ARE THE 10TH LARGEST TRADING ENTITY IN THE WORLD.
"ABOUT 500
FOREIGN BANKS FROM OVER 40
COUNTRIES ARE
REPRESENTED HERE. AND WE ALSO HAVE NEARLY 1,300 REGIONAL HEADQUARTERS AND REGIONAL OFFICES.
"HONG KONG IS THE LEADING DESTINATION OF U.S. AND JAPANESE INVESTMENTS IN THIS PART OF THE WORLD
*
+
'WITH NEARLY U.S.$30 BILLION IN FOREIGN CURRENCY RESERVES, ARE THE 12TH HIGHEST IN THE WORLD AND THE SECOND HIGHEST ON A CAPITA BASIS, HE SAID.
"
MR BARMA SAID THESE POLICIES WERE NOT STATIC,
WE
PER
"ON THE
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