The Government announced the launch of the Employment Support Scheme (ESS) earlier under the “Anti-epidemic Fund” to provide time-limited financial support to employers to retain their employees, hence maintaining the strength of Hong Kong. Applications for the first tranche of wage subsidy under the ESS can be made from May 25 to June 14, 2020.YYou…
On 4 May the HKgov announced a mechanism for Hong Kong enterprises with manufacturing operations in the Mainland to apply for exemption from compulsory quarantine arrangement upon returning to Hong Kong. The Trade and Industry Department (TID) has started processing applications from today. Please check the press release for all the details and how to…
The Census and Statistics Department (C&SD) released the latest figures on retail sales today (May 5). The value of total retail sales in March 2020, provisionally estimated at $23.0 billion, decreased by 42.0% compared with the same month in 2019. The revised estimate of the combined value of total retail sales in January and February…
Late last month the HK Census Bureau released its Q2 data analyses. Please review the press release here (click), it contains links to all the data.
Today we received more information on the previously announced economic support initiative by the HKgov, called ESS (Employment Support Scheme). The new information provided now includes a starting date for applications: 25 May 2020. Generally speaking, with the exception of ineligible employers (mainly organisations whose employees’ salaries are not affected by the epidemic, for example,…
One of the newest initiatives of the HK Government is the expansion of the Epidemic Fund, established earlier in 2020. The expansion includes several subsidies geared towards employment and is quite elaborate. To give a complete overview of all the launched subsidies, the HKgov has produced an e-booklet highlighting the package of economic relief measures…
A great example of fast decision taking during these challenging times for business: on Friday 11 April Liège Airport (LGG) & partners launched a Pop Up Handling facility to increase the airport capacity for bringing in medical supplies as Belgium & Europe are fighting COVID-19. Building B24, where the Pop Up Handler is now live,…
The other day Chief Economist of BLCC Corporate member & sponsor KBC Bank, Mr. Jan van Hove, hosted a webinar sharing his latest insights & analysis of the economy. It was a very insightful webinar and now the recording is available online for your viewing. You may have a watch by clicking here. The measures…
Our corporate member PALO IT Hong Kong is organizing a webinar on how to thrive in a remote work culture. As we all know this is highly relevant in times like these, so make sure you don’t miss it❗️ When? 16 April, 3:00 PM Hong Kong Time Register by clicking here.
