Category Archives: Uncategorized

Overview The Financial Secretary, Mr. Paul Chan, delivered the 2023/24 Budget Speech on 22nd February 2023. The forecasted deficit of about $139.8 billion for 2022/23 is higher than the original estimate of about $56 billion. Then, the fiscal reserves estimation decreases to $762.9 billion, equivalent to 12 months of government expenditure. Where are we NOW? …

Continue reading “HONG KONG: BUDGET HIGHLIGHTS 2023-24”

What’s NEW with the VACCINE PASS? Starting from 30th September 2022, children aged between 5 to 11 have to comply with the specified vaccination requirements. Children need to show the valid vaccine pass when entering any applicable premises. That is: Having received 2 doses of COVID-19 vaccine; or Within 3 months after receiving the 2nd …

Continue reading “LATEST ARRANGEMENT OF VACCINE PASS IN HONG KONG”

Started from 26 September 2022, arrivals to Hong Kong NO longer needed to isolate in a designated quarantine in a hotel. Instead, inbound travellers can choose to undergo 3 days of medical surveillance at home or at a hotel. During the medical surveillance, they can leave home, but restricted to visit premises like eat-in in …

Continue reading “HONG KONG NEW 0+3 QUARANTINE MEDICAL SURVEILLANCE POLICY UPDATED”

Hong Kong Government announced to adjust quarantine policy on 8th August 2022. From 7 Days Compulsory Hotel Quarantine to 3+4 model. That is 3 days compulsory quarantine in the designated hotel plus 4 days medical surveillance at home. The model will be effective on 12th August, 2022. Vaccine Pass Codes Red Code Compulsory Hotel Quarantine …

Continue reading “HONG KONG NEW 3+4 QUARANTINE POLICY UPDATED”

Since the pandemic started in early 2020, our lives are upside downed and we have to adapt to the post pandemic. We used to work very hard to get a career achievement and goal. However, the pandemic brings unclear path to our lives. Employees became exhausted, self-efficacy decreased, and cynicism grew. Studies found out more …

Continue reading “WORK FORCE ADAPTING TO THE POST PANDEMIC?”

Hong Kong Government launched the Employment Support Scheme (ESS) 2022 in March. And the application started on end of April. And the subsidy of disbursement is separated into 4 tranches: May, Jun, 30% of July and 70% of July. The subsidy amount is based on the headcount. Headcount Revision As the subsidized companies may have …

Continue reading “HEADCOUNT REVISION ON 2022 EMPLOYMENT SUPPORT SCHEME”

Chief Executive Carrie Lam announced on 3rd May, 2022 to further ease the Covid-Related restrictions. After considering the epidemic’s relative stability and the strong demands of people recently. The phase 2 social distancing measures will be in effect 2-week earlier. Covid-19 rules to ease on 5th May Beaches & Swimming pools to reopen. No need …

Continue reading “PREPARES TO FURTHER EASE COVID-RELATED RESTRICTIONS”

Starting from 17th Jun 2022, the Business Registration Levy will reduce to $150 per annum. While the registration fee is remaining $0 since 1st April 2019. So, if the commencement date of your company is on or after 17th Jun, then you can save $100. Who Eligible? The new rate is applicable to the incorporation …

Continue reading “THE BUSINESS REGISTRATION LEVY RATE REDUCTION”