Posts Tagged foreign investment
HKong attracts up to 250 overseas and mainland companies into the territory
HONG KONG: Hong Kong has surpassed its halfway mark to attract up to 250 overseas and mainland companies into the territory.
As at June, 148 companies have set up shop in the city this year, in sectors like financial services, transportation and technology.
Last year, a record 253 companies invested more than US$1 billion.
Hong Kong’s Chief Executive Donald Tsang highlighted two distinct trends emerging.
He said leading multinationals have begun to move their worldwide operations to Hong Kong, relocating senior executives to fulfil similar roles of counterparts in New York and London.
He also noted that Hong Kong is increasingly becoming a springboard for mainland companies to go global.
Mr Tsang said: “Just six years ago, Invest Hong Kong did not have any mainland clients. In the first six months of this year, mainland companies accounted for almost 20 per cent of our completed investment projects.”
Ivan: If Malaysia Boleh, the government should achieve at least something similar. Rakyat survival is utmost, not the amount of money in your pocket!!
Add comment July 14, 2008
Najib: Retract of foreign investment is NOT due to poor governance
I read this headline on Nanyang Siang Pau newspaper yesterday [10 Jul 08]. He attributed retract of foreign investment to the global economic condition, and it’s not related to poor governance at all. How irresponsible the statement is!!!
There are so many cases of government officers raise “unreasonable demands” to foreign investor, and end up foreign investor decided move to China, Vietnam, etc. Well, what should we call this, if it is not poor governance, or it is not corruption! Why no ACA investigation? All these are due to greed of the officers. They are only concern about their EXTRA income, rather than whether the rakyat has job to earn a living or not. Can you rely on such government? I am not surprise if people are putting no confidence against them! Not at all…
Wake rakyat! Wake rakyat! Do we need such leader? Do we need such government?
Add comment July 12, 2008
