Economy means the set of activities of production, distribution, trade and consumption of goods and services. It is interdependent to the society, politics and science.
BizMagnet consultant wrote about TVP fraud in 2020, around the third wave of epidemic. Nowadays, Hong Kong business environment changed completely, and many businesses closed due to social distance measures. Even the HKSAR Government launched number of supporting scheme, such as D-Biz, enhanced 100% Special Guarantee Loan scheme and extended Export Marketing Fund etc, local … Read more
On 7th April, 2022, the HKSAR Government released the second Consumption Voucher to the citizens by the same electronic payment platform, which are Octopus, Alipay, Wechat Pay and Tag & Go. It is anticipated that the social distance measures will be relieved after the expiration on 20th April. Variety of suspended businesses such as beauty, … Read more
Financial secretary Paul Chan announced the last financial budget of his term. Due to the serious impact of the 5th wave of COVID-19, the budget provides a series of support to local commerce and this is the brief: Reduce 100% of profit tax for the year of assessment 2021/2022 (Maximum: HKD 10,000) Reduce non-residential rate … Read more
In accordance with the fifth outbreak of COVID-19 Omicron variant in Hong Kong, the city has taken number of urgent social distance tightening measures including no dinner dine-in, shutdown of gyms and beauty houses etc. The HKSAR Government announced the launch of the 5th round of Anti-epidemic Fund on 14th Jan 2022 to offer one-off … 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
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
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
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
