ngai lik steps up expansion drive in us
Article Abstract:
Ngai Lik Industrial Holdings, audio visual products manufacturer, has begun expansion strategies in U.S market. The company plans to produce digital video disc (DVD) players by injecting HK$1 mn development cost and digital video tape players (DVTP) soon. The new DVD products will target mainly in U.S market. According to its annual report, U.S would continue to be the largest electronic product market with turnover of HK$2.05 bn for the year ended of 31 March 1998. In other words, Ngai Lik's market turnover in North America shared 43.1%. *
Comment:
Plans to produce digital video disc players by injecting HK$1 mil development cost and digital video tape players soon
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
hong kong plunges into recession as economy shrinks 5%
Article Abstract:
Financial Secretary Donald Tsang Yam-kuen has announced the Hong Kong economy in the second quarter 1998 recorded -5% followed by the further slowdown in both local consumer and export demand during the period. The weakness of Japanese yen also hampered our economy. The figure also implies Hong Kong is entering the period of recession -- 2 consecutive quarters of negative GDP growth. Donald Tsang forecast the GDP of 1998 would be -4% and Hong Kong's recovery rate would be faster than the neighbouring countries. *
Comment:
Hong K: Financial Sec forecasts GDP of 1998 at -4% as country's recovery rate would be faster than neighboring countries
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: