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Navigating a New Global Trade Environment
Recent developments in the Singapore Global Trade Environment have created a dynamic and challenging setting for business leaders. With ongoing geopolitical shifts, regulatory changes, and rapidly changing tariffs, companies must navigate these complexities while mitigating short-term exposures and costs. A strategic response is essential to promote long-term resilience amidst these developments. Rising Tariffs and Their Implications The…
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Hong Kong Residents Optimistic About Super March’s Economic Impact
In a recent survey conducted by MDRi, approximately 72% of Hong Kong residents believe that “Super March” campaign will positively impact the city’s economy. Organised by Hong Kong Tourism Board, this initiative features a series of major international events, including the Rugby Sevens, Art Basel Hong Kong, Art Central, and ComplexCon, all aimed at revitalizing…
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Hong Kong’s Strategic Move to Attract Middle Eastern Firms
Strengthening Financial Bonds Hong Kong is making significant strides to become a leading listing hub for Middle Eastern companies, focusing on enhancing economic ties in finance, technology, and investment. Chief Executive John Lee is set to lead a high-profile delegation to Qatar and Kuwait, aiming to promote this vision and attract investment from the Gulf…
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New Fee Structure for Visa Applications under Specified Schemes
From February 26, 2025, Hong Kong will introduce a new fee structure for visa applications under its specified schemes. With clear application and issuance fees, the update aims to attract top professionals and investors while making the process more transparent and efficient.
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Singapore’s 50% Tax Rebate to Boost Productivity and Attract Investment
In a strategic move to bolster economic resilience, Singapore has announced a 50% corporate income tax rebate for the Year of Assessment (YA) 2025. This initiative is designed to alleviate financial pressures on businesses while encouraging investment in productivity and innovation. Key Highlights of the Tax Rebate The rebate, which is capped at S$40,000 per…
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Hong Kong Opens Doors to Crypto Investors: Use Bitcoin & Ethereum for Proof of Wealth
Hong Kong has become one of the first global financial hubs to recognize cryptocurrency holdings in its residency-by-investment program. Under the Capital Investment Entrant Scheme (CIES), Bitcoin and Ethereum can now be used as proof of wealth, opening new doors for crypto investors seeking residency in the city.
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Singapore Budget 2025: Key Takeaways and Implications
As Singapore approaches its 60th anniversary in 2025, the government has unveiled a budget that reflects a harmonious blend of celebration and pragmatism. Prime Minister Lawrence Wong’s Singapore Budget 2025 Highlights emphasize immediate relief for cost-of-living pressures while strategically investing in long-term economic resilience and sustainability. Overview of the Budget The annual budget serves as the government’s…
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Immigration Department introduces self-application services for Hong Kong identity cards
Hong Kong’s Immigration Department has upgraded its Personal Documentation Submission Kiosks (PDSKs) to allow self-application for identity cards and passports. From December 13, 2024, eligible applicants can complete the process without meeting an officer, with faster processing times and integrated collection kiosks for added convenience.
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Immigration department proactively follows up on Hong Kong resident stranding in Jeju, Korea
In response to media enquiries concerning a Hong Kong resident being stranded in Jeju, Korea, upon receipt of assistance request from subject concerned, the Hong Kong Immigration Department (ImmD) has immediately contacted the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in Hong Kong Special Administrative Region…
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Visa-free arrangement for nationals of Georgia
The Immigration Department (ImmD) announced today (September 24) that, effective from September 30, 2024, nationals of Georgia who are holders of valid diplomatic, official and ordinary passports may visit Hong Kong visa-free for a stay of up to 30 days.
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