Subsidy Schemes under Anti-epidemic Fund
To provide relief to retailers to help tide them over their financial difficulties during this challenging time, the Government will launch the Retail Sector Subsidy Scheme (the Scheme) under the Anti-epidemic Fund (the Fund) on March 23 (Monday)：
Application for the Food Licence Holders Subsidy Scheme under the Anti-Epidemic Fund - A one-off subsidy of $200,000 will be provided to eligible licence holders of the premises in operation including general restaurants, marine restaurants and factory canteens; and a subsidy of $80,000 will be provided to eligible licence holders of the premises in operation including light refreshment restaurants, fresh provision shops, food factories, bakeries and siu mei and lo mei shops. (Details >)
Application for Working Family Allowance (WFA) is on a household basis (including singleton households). Under the WFA Scheme, a household meeting the working hour requirements, income and asset limits may apply for a Basic Allowance, Medium Allowance or Higher Allowance. Each eligible child may also be eligible for a Child Allowance. Depending on the household income, the allowances may be granted at full rate, ¾ rate or half rate.
Time to co-operate? Covid-19 guidance on competitor collaboration
Following a wave of similar statements by overseas agencies, the Hong Kong Competition Commission has today published a statement on the Covid-19 outbreak available here.
The HKCC guidance applies to all sectors of the economy, recognizing that businesses across Hong Kong may need to come together to better serve the pressing needs of consumers and essential service providers.
How the Coronavirus outbreak might affect your business contracts
The rapid outbreak of the novel coronavirus is becoming a significant business challenge. Some businesses are finding it difficult to perform their contractual obligations despite their best intentions. Industries that may be particularly affected include events, tourism, manufacturing, logistics, retail and F&B. Your business may now be facing similar difficult questions in terms of how to comply with its contracts and dealing with business partners who are unable to perform....
Improving Cash & Working Capital Management
The global economy is being impacted by number of events curtailing the ability to conduct business as usual. Now is the time for effective cash management –a practice vital when the economic horizon darkens. There are four fundamental steps to building a robust cash management strategy, safeguarding the future of any business, regardless of the industry it operates within or its size......
(Chinese version only)
(Chinese version only)
Employment issues in the Spotlight during turbulent times
People are the core of innovations, culture, solutions and reputation. Businesses must therefore be vigilant in handling employment matters when they are dealing with a crisis event and/or business slowdown. Businesses should bear in mind some of the legal issues when considering the most common measures in handling employees during turbulent times......