United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
MyGuava Business helps small and medium-sized businesses in the UK to manage the challenge of payment processing fees, which have long been an unavoidable cost of operation. Whether through in-store POS terminals or online transactions, these fees directly impact profit margins, often leaving smaller businesses at a disadvantage compared to larger enterprises. Lowering Costs, Elevating Business…
Less than 30 per cent of organisations in Hong Kong have established guidelines for employees using artificial intelligence (AI), the city’s privacy commissioner has said, urging companies to avoid inputting sensitive data into such tools as much as possible. Privacy Commissioner Ada Chung Lai-ling said on Sunday that further amendments to the Personal Data (Privacy)…
Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part of its global strategy to grow its wealth business and also tap small and medium-sized enterprises (SMEs) in the Greater Bay Area, according to a senior executive. “We are focused on opening more wealth management…
Hong Kong’s small and medium-sized enterprises (SMEs) are seeking funding support and easier loan access, as rising costs have landed at the top of their list of worries, according to DBS Bank (Hong Kong). Operational costs had become the top concern for 60 per cent of the city’s SMEs, according to the bank’s survey of…
A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises (SME), which account for 98 per cent of the enterprises in the city, to help resolve cash-flow issues. The Hong Kong Association of Banks (HKAB) said on Monday that a total of 18 banks on…
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Hong Kong’s antitrust watchdog has launched a website to help small and medium-sized enterprises better navigate the Competition Ordinance after a survey showed that only a quarter of firms polled were adequately equipped to comply with the law. The survey conducted found that more than 70 per cent of the respondents believed the ordinance could…
A new free-trade deal between Hong Kong and Peru will help local firms and investors tap into Latin America in areas such as innovation and technology, finance, transport and research and development while also promoting the city, business leaders have said. Industry figures said on Saturday they welcomed the signing of the deal after Hong…