HKSAR and Mainland China Signed Fifth Protocol Arrangement Hong Kong has signed the Fifth Protocol to Arrangement with Mainland China to avoid double taxation. The agreement is between the Hong Kong Special Administrative Region (HKSAR) Mainland China. The agreement is set to deliver some tax relief to eligible teachers and researchers based in Hong Kong…
Hong Kong Effective Measures Against Counter-terrorist Financing and Anti-money Laundering Has Been Praised Hong Kong has been praised for its effective law enforcement against money laundering and terrorist financing. The praise comes from the Financial Action Task Force (FATF). The FATF Plenary examined the Mutual Evaluation Report of Hong Kong in the United States on…
What Really Does the Future Hold for Hong Kong’s Population by 2028? By 2028, Hong Kong expects to see 55% of its people living in the New Territories. Kowloon is projected to host 30%, while the remaining 15% are expected to be on Hong Kong Island. This forecast was provided by the Hong Kong Planning…
Job Upskilling – One of the New Hires Retention Strategies Little do employers know that job upskilling could be one of the new hires retention strategies. Many times, all employees, including new joiners, motivated by their roles and career progression at work. The recognition of their contributions will make them feel acknowledged and appreciated by…
3E Accounting International Network – Global Presence in More Than 60 Countries. Hailed as one of the leading global accounting networks, 3E Accounting International currently has a global presence in more than 60 countries, with 1,300 staff and 90 offices across the world. Founded in 2011, 3E Accounting built on the strength of Singapore’s open…
Inflation Rate in Hong Kong Climbs to 2.8% in May, Citizens Feeling the Pinch The climbing inflation rate in Hong Kong is not alarming, although consumer prices are rising steadily. In a recent statistic result release, the inflation rate for May 2019 is 2.8%. The inflation rate was even lower than that in April 2019.…
A Structured and Well-planned Onboarding Process Boosts New Hires Retention Rate A statistic has recently revealed that the unemployment rate in Hong Kong fell to the 20-year record low figure at 2.8% in February-April period. While low unemployment rate equates economic growth, better job opportunities, and higher consumer buying power, it also means that employers…
Hongkongers Can Now Access to a Full & Comprehensive Paediatric Care in Hong Kong Children’s Hospital Hong Kong now has a children’s hospital, and it can provide complete paediatric care for complicated paediatric cases. The need for an exclusive children’s hospital stems from the need to provide for comprehensive and coordinated healthcare for all children…
The Unemployed and Underemployed Generally Face Similar Adversity Hong Kong’s unemployment and underemployment rate remains unchanged in the first quarter of 2019 despite efforts made available. All around the world, every nation and country is facing the same predicament, and every territory, including Hong Kong, is tackling this issue through a practical and sensible approach…
Moderation in Hong Kong’s Gross Domestic Product (GDP) Growth for First Quarter of 2019 The Hong Kong’s Census and Statistics Department (“C&SD”) has recently released the advance estimates on Gross Domestic Product (“GDP”) for the first quarter of 2019 of Hong Kong. The C&SD has fast-tracked the first release of quarterly GDP to approximately 1…