Free Trade Agreement Programme is a programme under the BUD Fund to support HK firms to enter the market of economies signed the Free Trade Agreement with Hong Kong.
From July 2021, the FTA Programme of the BUD Fund has upgraded to “FTA and IPPA Programme“. Besides the ASEAN and FTA economies, the Programme now supports also Japan and Korea. The total subsidy of Mainland Programme and FTA and IPPA Programme increases from HK$4 million to $6 million. By the BUD Fund, HK enterprises … Read more
From 30th July 2021, the BUD Fund enhances again as below: The FTA Programme now extends to Japan and Korea (Economies of “Investment Promotion and Protection Agreement”, IPPA) and renames to “FTA and IPPA Programme” The total subsidy of “Mainland Programme” and “FTA and IPPA Programme” increases from $4M to $6M BizMagnet government funding consultancy … Read more
E-Commerce evolves rapidly in recent years, and global online commerce demand increases immensely due to COVID-19 pandemic. Indonesia is one of the fastest growing online economy. The country is abundant of natural resource, labour export for years. As well as good policy and information technology advancement, the new economy moves fast. The SUCCESS of the … Read more
Cambodia is at the centre of Southeast Asia. Several Special Economic Zones (SEZ) have been established and her economy is blooming in recent years. It is a hot spot for Hong Kong manufacturing business. The Hong Kong Trade Development Council (HKTDC) organizes the webinar “Business and Manufacturing Opportunities in Cambodia” and invites Mr Sin Siya, … Read more
The Hong Kong Productivity Council (HKPC) released the latest figures of “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund) in a press release. Due to the US-China conflict, the Chief Innovation Officer Dr Lawrence Cheung reflected that a lot of manufacturers moved their factories from mainland China to Southeast Asia (ASEAN members) and … Read more
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
The COVID-19 pandemic has tremendously impacted global supply chain and demand while Sino-US relation has declined to the lowest in decades. Thus many manufacturers moved their factories from mainland China to ASEAN region. On the other hand, China is proactively developing domestic market (“Circular economy”). The Free Trade Agreement (FTA) between China and the ASEAN … Read more
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
Last week, the Statistics and Census Service of Government of Macao SAR announced that the GDP of Macau in 2020 Q2 reduced by 67.8% year-on-year. Though Macau has exercised effective precaution to stop COVID-19 spread, the extreme measures also halted casinos running which highly rely on Chinese tourists. As we know, the gambling industry is … Read more
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
