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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (2591)	12/16/1998 5:08:00 PM
From: WONG	Read Replies (3) \| Respond to of 2951

Four Reasons to put money in Singapore (At least some of it...) 1) HK$ still pegged to the greenback, interest rate adjustments have to adhere to the moves made by the US. In the past 3 months, Singapore has reduced interest rates by 2%, HK only 3/4%. 2) HK GDP is -5%, whereas Singapore can still maintain +2.3%. 3) HK has a budget deficit of HK$40-50 billion, Singapore has a surplus of S$3.1 billion (more room for increased government spending). 4) Singapore has imposed across the board salary reductions, rent reductions and pension plan premium reductions. Making it very attractive for business to operate there. What has Hong Kong done so far?