Chief Executive Tung Chee Hwa has announced plans to invest up to HK$2 billion (US$256 million) on a HK$4 billion (US$512 million) second exhibition centre near the airport by 2005. The project, which is expected to reinforce Hong Kongˇ¦s competitiveness as a trade fair centre, is also expected to create 5,000 jobs and HK$10 billion (US$1.2 billion) of economic benefits in its first decade of operation. (full story)