The 4th round of Anti-epidemic Fund

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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

ESS finished and layoff coming

Poor business

Under the Anti-epidemic Fund of the HKSAR Government, the Employment Support Scheme (ESS) had two phrases, June to August and September to November this year. Companies accepting the ESS subsidy cannot cut jobs during the period. Therefore some enterprises such as Cathay Pacific didn’t apply for the second phrase. The ESS completed on 30th Nov … Read more

Webinar: Digital business case sharing

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In the coming webinar by GS1 Hong Kong, experts will discuss how Hong Kong businesses perform digital transformation under the COVID-19 pandemic. The measure helps to seek new customers and strengthen customer loyalty. Business mixed with new economy model, for instance e-Commerce platform, digital marketing, O2O integration etc can implement the omni-channel marketing. Items such … Read more

Webinar: Cross-generational Workplace Communication and Mediation

In 2020s, the 2000s babies will enter the labour market, and at the same time there are still a lot of post-60s working. The world technology, environment, value and so on have changed significantly during the decades, and it generates a huge gap between generations. Today, entrepreneurs have to co-ordinate the team to make every … Read more

Hong Kong is no longer a business-friendly place

Hong Kong problem

George Leung Siu-kay, the CEO of the Hong Kong General Chamber of Commerce (HKGCC), expressed in “Letter to Hong Kong“, a RTHK programme, that Hong Kong is no longer a business-friendly place. The social gathering ban has frozen small businesses. Though subsidy and compensation is helpful, the most important is to control the virus spread. … Read more

Kuala Lumpur consumer behavior research – BUD Fund to Malaysia

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The Hong Kong Trade Development Council (HKTDC) research has conducted a survey recently to study buyer behavior in Kuala Lumpur (KL) of Malaysia. BizMagnet BUD consultant believes that is valuable reference for businesses intend to go Malaysia, and highlights the keynotes with the information of the BUD Fund FTA Programme (a.k.a. ASEAN Programme). This article … Read more

Google and Facebook Pacific light cable network to Taiwan and Philippines

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Due to the US national security and the worry of American user information theft by China, the US Department of Justice advised the Federal Communications Commission (FCC) to abandon a plan of building trans-Pacific undersea cable to Hong Kong by Google and Facebook. The advice was on 17th June this year, and it also advised … Read more

BUD Fund increases by 12% in 1st half of 2020

Mr Mohamed D. Butt, the executive director of Hong Kong Productivity Council, mentioned in an event that the BUD Fund grant increased by 12% in the first half of 2020, compared to the same period in 2019. It showed that Hong Kong companies know more how to use government fund in markets outside Hong Kong. … Read more

How the US sanction affects HK businesses to enter BUD markets

US sanction

Yesterday (2020/08/07), the US Treasury announced to impose sanctions on China and Hong Kong 11 officials who harm Hong Kong autonomy and human rights.These major officers include the Chief Executive Carrie Lam, the Secretary of Justice Teresa Cheng, the Commissioner of Police PK Tang etc. All Americans and American companies cannot deal with the sanctioned … Read more

Legco election postponed, an economic storm for HK firms

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The Chief Executive of Hong Kong SAR Carrie Lam announced yesterday (31st Jul) that the coming Legco election will be postponed, from 6th Sep 2020 to 5th Sep 2021, by the Emergency Regulations Ordinance. The CE said the hard decision is purely based on the current COVID-19 pandemic to protect Hong Kong public health. Nevertheless, … Read more

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