Latest news about business, commerce and government policy. Government business grants such as BUD Fund, TVP Fund etc change rapidly in recent years.
From 8th June, 2021, Hong Kong Productivity Council (HKPC) will be the Secretariat of the Technology Voucher Programme (TVP). More capital services Besides the Special 100% Loan Guarantee application, BizMagnet provides also variety of capital services, such as government fund consultation and MPF referral etc. Flexible cash-flow is essential nowadays business. Remember that cash-flow is the blood of an … Read more
Due to the poor economic condition in Hong Kong, the Trade and Industry Department announced temporary measures to the Export Marketing Fund (EMF). The followings will be in effect for two years from 30th April, 2021. The supporting scope extends to large-scale exhibitions staged by organizers with good track record targeting the local market, as … Read more
The Hong Kong Trade Development Council organized the very first major exhibition since the COVID-19 pandemic – “HK Lifestyle ShoppingFest 2021”. There are 8 main themes: baby, smart product, jewelry, health, household, pet, learning and food. Exhibitors can enjoy “Convention and Exhibition Industry Subsidy Scheme” and gain 50% sponsor with maximum amount HKD $10,000 for … Read more
Announced in the 2021-22 Budget, the government will enhance the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) to relieve further SMEs’ cash flow pressure. The improvement measures are as follows: Maximum amount of loan: the total amount of employee wages and rents for 18 months, or HK$6 million, whichever is lower … Read more
Announced in the 2021/22 Budget, the government proposed to improve further the BUD Fund, including the following measures: Additional injection of $1.5 billion Expansion of geographical coverage to 37 economies (previously 20 economies) Increase of the funding ceiling for each company to $6 million (previously $4 million) According to sources, the Secretariat of the BUD … Read more
Previously the Chief Executive Carrie Lam announced that the government seeks injection approval to the Anti-epidemic Fund before Christmas. The fourth round of the Anti-epidemic Fund will assist those sectors impacted by the social distancing measures. For instance, restaurants, beauty salons, fitness centres etc. The application is simple and even raised by the government. Nevertheless, … Read more
In a recent survey, the Consumer Council found that many home renovation suppliers provide very vague quotation leading dispute or even incomplete works. Among the 11 renovation companies, only 2 can provide a detail quotation while the remaining 9 provided quotation vague or even without content. It is very hard to compare among the competitors … Read more
Up to now (8/11/2020), the US presidential election doesn’t have a final projection yet. Democrat candidate Joe Biden won most of the swing states and more than 270 electoral votes. Republican candidate Donald Trump (the present president) doesn’t agree to lose and about to appeal to the Supreme Court. It is likely that another case … Read more
As technology advancing, such as 5G, smartphone and big data evolution, the entire retail industry change rapidly. At the same time, the COVID-19 pandemic accelerates e-Commerce by around 5 to 10 years. Many who never trusted e-Commerce has to purchase online nowadays. The Retail Innovation Conference organized by the Hong Kong Retail Management Association (HKRMA) … Read more
The US President Donald Trump announced in his Twitter account that he and the First Lady Melania test positive for COVID-19 (formerly known as Wuhan Pneumonia). The latest COVID-19 update of BizMagnet. BizMagnet government fund consultant is professionally to help companies to apply for government funds. Our service includes BUD consultation, TVP consultation and other … Read more
