As Occupy Central enters its ninth day, the side effects of the movement are beginning to manifest themselves as social order remains in a state of turmoil. Many small and medium enterprises (SMEs) are beginning to feel the pinch of the protests.
In his concluding remark for of the Policy Address, the Chief Executive stressed that it was “imperative to pursue people’s livelihood and the economy in tandem”. This is a belief that is, to a large extent, shared by the BPA. It is however disappointing to note that the reference to economic development is not sufficiently reflected in the contents of the Policy Address, namely, the strategies for economic development are fragmented and piecemeal while the needs of the middle class and SMEs, who are the major contributors to Hong Kong’s economy, have been overlooked.
US Federal Reserve chairman Ben Bernanke recently disclosed his timetable for the withdrawal of quantitative easing, leading to speculation that the US may tighten liquidity by raising interest rates…
Following is a question by the Hon Andrew Leung and a reply by the Secretary for Commerce and Economic Development, Mr Gregory So, in the Legislative Council meeting today (June 5): Question: Some members of the information technology (IT) industry have relayed to me that the application of information and communications technology is of particular … Read more
I believe Honourable colleagues would not disagree that economic restructuring is essential and the problem is how it should be implemented. Today, I will discuss this issue from my perspective as a member of the industrial sector. Over the past few years, members of the Federation of Hong Kong Industries and the Business and Professionals Alliance for Hong Kong … Read more
President, the monotonous industrial structure in Hong Kong has always been the subject of criticism. To ensure the sustainable development of the economy, we have to continue to give full play to our competitive edge, support the traditional pillar industries and help them to upgrade and transform; on the other hand, we must also explore … Read more
Proposals of the Business and Professionals Alliance for Hong Kong (BPA) to support small and medium-sized enterprises (SMEs), help the middle class and care for people’s livelihood have found their way to the Hong Kong’s Budget 2013 unveiled by the Financial Secretary, Mr John Tsang, today (February 27). Among the measures are profits tax rebates … Read more
