Latest news about business, commerce and government policy. Government business grants such as BUD Fund, TVP Fund etc change rapidly in recent years.
The HKSAR Government launched the “E-commerce Easy” under the BUD Fund on 15th July, 2024. This is not a new funding scheme but an enhancement of the BUD Fund. “E-commerce Easy” was discussed in last year policy address. In the past, the most challenging part of BUD Fund Application is the budgetting of the multi-item … Read more
In order to promote the employment of persons with disabilities and establish inclusive working environment, the Labour and Welfare Bureau (LWB) of the HKSAR Government, in collaboration with the Rehabilitation Advisory Committee, the Hong Kong Joint Council for People with Disabilities and the Hong Kong Council of Social Service, launched the Talent-Wise Employment Charter and … Read more
In order to assist SMEs in the retail and catering industry, the HKSAR government has prepared $500 million for the Digital Transformation Support Pilot Programme (DTSPP). This is a one-to-one matching fund with maximum of $50,000 to help eligible companies to procure, rent or subscribe electronic payment system, POS, digital marketing and CRMs etc. Vendor … Read more
It was reported that the Commercial Crime Bureau (CCB) of the Hong Kong Police Force arrested 35 people on 10th Jan 2024 for Technology Voucher Programme (TVP) fraud cases, referred from HKPC, the TVP secretariat. The involved amount was more than HKD 10 million and one of the arrestee was an ex-district councilor Lam Chun. … Read more
BizMagnet wish you a happy new year! In the previous year, we had many many businesses and wrote less articles for our readers. We promise to write more in the coming time. A lot of people expected more opportunities in 2023 after the pandemic recovery, and they were disappointed. Economic downturn took places in almost … Read more
From 31st Oct 2023, the BUD Fund extends to Türkiye. Republic of Türkiye locates at Asia-Europe junction and the country is a member of the G20 Group. The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Oct 2023, the BUD Fund supports Mainland China and other 37 economies.
The ICAC press release announced that 6 directors or proprietors were charged for false statement during SFGS 100% loan application. The loan amount was around HK$ 19m. The trial will be held in the district court. The maximum sentence of criminal case trial in the district court is 7-year imprisonment. The consultant is not going … Read more
The Government released some data of the BUD Fund on 8th May 2023, and BizMagnet BUD Fund consultant is about to share. The BUD Fund was established in June 2012. Up to Feb 2023, there are about 5,700 applications approved and 4,100 enterprises reimbursed. The total released fund is about 3.4 billion HKD. In average, … Read more
BizMagnet Limited is happy to tell that we are awarded the “Caring Company” logo by the Hong Kong Council of Social Service. The Award encourages our effort on social responsibility for all time being. Caring the community, staff and the environment are universal. They are also our main concerns. The Caring Company Scheme was founded … Read more
Financial secretary Paul Chan announced the first financial budget after normalcy. As the deficit is serious, many measures have been cut or cancelled. We have the summary here: BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, BUD Fund and EMF etc. We also recommend quality suppliers to help you to brand, upgrade and sell.
