111. Retail sector squeezed as Hong Kong tightens its belt. 112. So, keep belts tightened for a further rocky ride, as evidenced by the latest government economic projections. 113. Some people have for years tightened their belts, some very tightly. 114. Still, the government will have to tighten its belt or increase taxes to compensate, as Ecuador is doing, he said. 115. Speaking to legislators in a special briefing, Tung said Hong Kong people must tighten their belts before his economic development plans bear fruit. 116. South Korea is tightening its belt to overcome its worst economic recession ever. 117. South Korean car and other companies are already struggling under mounds of unsold products as Koreans tightened their belts and domestic sales plunged. 118. That would, in part, come from consumers tightening their belts in response to higher energy prices and a rash of layoffs. 119. The best attitude under the circumstances was to tighten the belt and work hard together, he said, adding that Malaysia would emerge stronger from these problems. 120. The decision sparked anger from Ecuadoreans who have been asked to tighten their belts by President Jamil Mahuad to prevent their small Andean nation from going bankrupt. |