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In the Bulletin
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April 2002 Issue

Economics:
The Steve Forbes way
Forbes President and CEO, Steve Forbes,
spoke at a Chamber Distinguished Speakers' Series luncheon on March 19 about the
advantages of a low tax regime and the economic outlook for the year. Following is the
transcript of his speech, which has been edited for length and clarity More >>
Asia's Catwalk
Hong Kong possesses all the
elements necessary to become the fashion design centre of Asia, but a lack of confidence
may cause it to trip off the catwalk
Hong
Kong's fashion industry may not have the romance of Paris, the marketing prowess of New
York, or the style of Milan -- where industrialists have made the business an art -- but
the territory nonetheless is the second largest exporter of garments in the world.
More >>
Mainland/Hong Kong CEPA
A 75-page Chamber paper was submitted to Financial
Secretary Antony Leung on March 12, giving him the Chamber's views on the Mainland/Hong
Kong Closer Economic Partnership Arrangement (CEPA). These views were gathered from our
members and from extensive interviews and research of documents. Mr Leung met Vice
Minister An Min of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) on
March 27. More >>
Face to Face with
Asia-Africa Committee Chairman Deborah Annells
The era of the Asian Tigers is over, at least for
the short term, as the region's economies limp along and foreign direct investment
continues to be funnelled into Mainland China. Analysts predict China's surging economic
growth will add some strain to Asia's struggling economies but this is expected to favor
the region in the long term. Bulletin Editor Malcolm Ainsworth spoke with the
Chamber's Asia-Africa Committee Chairman, Deborah Annells, about the region's prospects.
Following are excerpts from that interview. More >>
No nasty surprises from the Financial
Secretary
Overall a good
Budget for business, the community and the economy, but there must be questions over
whether it is fiscally risky given the severe imbalances there are already in the
government Budget
The
first Annual Budget of the Hong Kong Special Administrative Region's new Financial
Secretary, Antony Leung, covering the 2002-03 fiscal year was a model of restraint. More >>
Service level agreements
The IT service providers' success platform
The wider adoption of
e-commerce, corresponding sophistication of IT infrastructure and the present global
economic downturn have sharpened customers' expectations and intensified competition for
IT service providers. Although service level agreements (SLAs) are simply a type of
contract between service providers and their customers to identify the agreed services to
be provided and their respective responsibilities, properly prepared SLAs can be a service
providers' platform to success. More >>
Annual Spring Dinner
Over 400 Chamber members and their guests attended the 9th Annual
Chamber Chinese New Year Spring Dinner held at the Metropol Restaurant on March 2 to enjoy
an evening of fine food and entertainment. More >>
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