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panicinthestudio · 11 months

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Further reading:

HKFP: Hong Kong’s John Lee warns against ‘soft resistance’ as pomp, patriotism replace protests on Handover anniversary, July 1, 2023

#news #politics #Civil Human Rights Front #protest #John Lee #China #immigration #Hong Kong Liaison Office #poltical repression #Victoria Park #Hong Kong Palace Museum #hong kong national security law #UN human rights committee #Chris Tang #Xi Jinping #Hong Kong #hong kong free press #HK Leisure and Cultural Services Department

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asiabchongkong · 1 month

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Navigating the Costs of Incorporating Your Business in Hong Kong

When considering business incorporation in Hong Kong, it’s crucial to understand the associated costs to make informed decisions. While the city offers a favorable business environment, entrepreneurs must budget for various expenses throughout the incorporation in Hong Kong process. Here’s a breakdown of the costs involved in incorporating your business in Hong Kong:

The Hong Kong government charges a fee for company incorporation, which varies depending on the type of company and the authorized share capital. Additionally, there are fees for company registration and annual renewal, which are essential for maintaining legal compliance.

Engaging professional services, such as incorporation agents or lawyers, is common practice to ensure a smooth and compliant incorporation process. These services may include assistance with document preparation, submission, and liaison with government authorities. While these services entail additional costs, they offer expertise and peace of mind.

Every company in Hong Kong must have a registered office address for official correspondence and legal notices. Renting a commercial space or using a registered office service provider incurs costs, which vary depending on the location and facilities offered.

Hong Kong companies are required to appoint a company secretary to ensure compliance with statutory requirements. The services of a qualified company secretary may be outsourced or provided in-house, with associated costs for salary or service fees.

Beyond incorporation, businesses must budget for ongoing maintenance fees, including annual government fees, business registration renewal, and compliance-related expenses. These recurring costs are essential for sustaining legal status and operational continuity.

Depending on the nature of the business, additional licenses, permits, or regulatory approvals may be required for specific activities or industries. Entrepreneurs should factor in the costs associated with obtaining these licenses to ensure full compliance with local regulations.

While Hong Kong boasts a simple and low-tax regime, businesses are still subject to taxation on profits generated within the jurisdiction. Understanding tax obligations, including corporate income tax, profits tax, and other relevant taxes, is essential for financial planning and compliance.

Beyond incorporation-related costs, entrepreneurs must budget for ongoing operational expenses, including rent, utilities, salaries, marketing, and other overheads. These expenses are integral to running a successful business and should be carefully considered in the overall budget.

In conclusion, incorporating your business in Hong Kong involves various costs that extend beyond government fees. By understanding and budgeting for these expenses, entrepreneurs can navigate the incorporation process effectively and set their businesses up for success in the dynamic business landscape of Hong Kong. While there are upfront and ongoing costs associated with incorporation, the opportunities and benefits of operating in Hong Kong make it a worthwhile investment for entrepreneurs seeking to establish a presence in Asia’s leading financial hub.

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hongkongartman-mlee · 11 months

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How To Achieve ‘Work-life Balance’? Different Angles To Change Your Balance Perspectives!

Less is more? More is less? What is the right ‘balance’ when we live? Work? Life? Self? Others? Between the 2,3 or even more kinds of values in life, can we really calculate and divide these abstract values such as achievement, meaning and happiness; and multiply the result by a percentage? 50:50%? 20:80%? 30:70%?

There is a prevalent social trend in Hong Kong to talk about ‘work-life balance’ (WLB). In 2003, Greenhaus, Collins and Shaw created the theory of work-life balance. The theory is to help people consider the amount of hours spent on work, involvements devoted to family or self, and the resulting satisfaction from both. Work-life balance is the ideal state where a person chooses to well prioritize the demands of work and career against the needs of his personal life. It is often suggested that a person who lacks the balance will be harmed by excessive work and home obligations. He will also lack personal quality time such as what is commonly known as ‘me time’!

There are 2 usual angles to look at WLB but the final answer depends upon one’s measurements of 2 ultimate things: meaning and happiness of life. My young lawyer friend said, “I dislike my work because it takes up too much of my time. I leave the office normally at 9 p.m. I cannot eat dinner with my kids. But, I need money, big money.” The balance for him is really between family and money. This is the most typical dilemma for people in Hong Kong. An old friend is very brutal, “The answer is money. Money is good for adjusting all balances in life!” The Tai Chi martial master disagreed, “The answer is health. Health is the best indicator which can tell you when to adjust the balance!”

A ‘trust fund baby’ reacted with contempt, “Work is always a mistake. Leisure and play are always correct! For myself, the right balance is zero work!” Another friend who is a social worker said, “The WLB was determined at the early stage when you chose a career. The right balance is between yourself and the organization that you will work in. Some will choose an occupation that is, by its nature, not so busy. Let me give you an example: being the receptionist of a small-scale international liaison office in Central. Another example is this: my friend likes to help the elderly. She works in an emergency alarm system company serving our senior citizens. Irrespective of the heavy workload, she enjoyed the work and said that WLB was never her concern!” A retired teacher interrupted aloofly, “Work-life balance is just an excuse for being lazy!”

An artist tapped his two fingers on the table, “Seriously, if you don’t passionately enjoy your work, please give up! When you are crazily in love with your work, you will not be bothered by the need for WLB!” He said this because he was an artist who completely hated a nine-to-five job and left 2 years ago being an office worker without a backward glance.

For me, work-life balance is a ‘phased’ process suggesting a phased approach. Life is a process during which one, being young, initially must try to be very hard-working, and then less and less diligent when one is becoming old. Aging is the road that we take naturally to discern our declining physical health. Everyone should have experience of getting ambitious in life at least once. Michael B Johnson said well, “Life is in stage. There is a stage where, like grasshoppers, we hop from grass to grass. And another, where we move from grass to grace.” Retiring from working 12 hours a day is certainly the graceful thing when you are over 55. The right work-life balance is therefore not calculated on a daily basis, but according to the different stages in the life cycle of a man.

We tend to think, quite mistakenly, that happy life is the result of the right amount of time that we put in at work or play. It is wrong. Instead, the truth is that happy life is the perceived quality of work or the pleasure derived from work; and how much these can mean to you during the different phases of your life!

Maurice Lee

Chinese Version 中文版: https://www.patreon.com/posts/xiang-gang-ren-84942613

Work-Life Balance https://youtu.be/e2_I0DtYHwQ Acknowledgement – I&M Bank Ltd

Dolly Parton – “9 to 5” https://youtu.be/UbxUSsFXYo4 Acknowledgement – Dolly Parton

Work From Home https://youtu.be/CYDSXh4R0Mw Acknowledgement – 信報財經新聞

Funny Song “阿姨我不想努力了” https://youtu.be/5Q4w0SLaLDM Acknowledgement-里長伯的副業FoodYa

#Michael B Johnson #Greenhaus Collins Shaw #WLB #Zero Work #Phased Process #Phased Approach #Tai Chi #Trust Fund Baby

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nithishag · 1 year

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University of British Columbia - Okanagan

The University of British Columbia, formerly known as McGill University College of British Columbia, is one of the oldest Universities in British Columbia. The University of British Columbia is in the Canadian province of British Columbia, and has two primary campuses in Vancouver and Kelowna, respectively. The University of British Columbia has a community engagement initiative based in Vancouver's Downtown Eastside. The campuses are equipped with modern sports centers and facilities like The Centre for Interactive Research in Sustainability, the Museum of Anthropology and Botanical Garden, and the Centre for plant research. The university's Centre for Digital Media at the Great Northern Way Campus is located in Mount Pleasant.

UBC provides clinical education to The Faculty of Medicine students and has 80+ training sites. The University of British Columbia has an extraordinary alumni network of 8 Nobel Prize winners, 3 Canadian Prime Ministers,65 Olympic medals won by varsity athletes, including 19 gold medalists, 71 Rhodes Scholars and 273 Royal Society of Canada fellows. UBC's Asia-Pacific Regional Office in Hong Kong and Liaison Office in New Delhi, India, facilitate teaching and research partnerships and support alumni engagement.

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andronetalks · 1 year

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The Chinese Communist Party had a mole in the US government for 37 years

We Are The Mighty By Team Mighty Published April 10, 2023 07:13:04 Larry Wu-tai Chin had a long career of service in the U.S. government. His excellent command of English got him his first job with the U.S. Army in World War II, working at the Chinese liaison’s office in Fuzhou. He was good at his work, and was moved up to the Consulate in Shanghai, then in Hong Kong. Read more…

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bonimblog · 1 year

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History of Buying houses in Bangladesh:

The apparel buying house business in Bangladesh started in the early 1980s, when the country’s textile and garment industry began to develop. At that time, there were few buyers sourced from Bangladesh, and most of them were from Europe. These buyers needed local support to source products and ensure quality control, which led to the emergence of the buying house business.

The first buying house in Bangladesh was established in the mid-1980s. Initially, these buying houses were small and operated as agents for foreign buyers. Once upon a time, Bangladeshi buying houses provided a small range of services, including sample development, arranging production, and maintaining quality control. Over time, the buying houses established themselves in size and number. Now, buying houses is an integral part of the garment industry.

Bangladesh’s apparel buying house industry grew significantly in the 1990s as the nation established itself as a leading supplier of garments to the international market. When more and more international retailers and brands started sourcing their products from Bangladesh, the buying house industry developed into a key mediator between buyers and manufacturers.

They are essential to the nation’s garment industry, which contributes significantly to the nation’s economy and accounts for around 80% of its export earnings. From them, []o-ip9uytrewqe have listed the Top 100 Garment Buying Houses in Bangladesh .

Here is the list of Top 100 Garment Buying Houses in Bangladesh with the official websites links :

From these Top 100 Garment Buying Houses in Bangladesh, most of those listed are foreign and multinational buying houses, considering brand reputation and value, yearly turnover, and social compliance issues.

Next Sourcing ltd

ZXY Apparel Buying Solutions Ltd

Wool Worths (H.K) Procurement Ltd

Tesco International Sourcing

Puls Trading Far East Ltd

Asmara (BD) Pvt. Ltd

Debenhams Hong Kong Ltd

Etam Int’l Sourcing

Comtextile (HK) Ltd

Tex-Ebo Internation Pte Ltd

Kiabi International Supply Services

Li & Fung (Bangladesh) Ltd

VF Asia Ltd

Team Sourcing Company Ltd

Cherryfield Trading Ltd

TEMA Magazacilik Hiz. Tic. A.S.

WMGS Services Limited

Mustang International Limited

Crossline Bangladesh (Pvt.) Ltd

Synergies Sourcing Bangladesh Ltd

Koton Bangladesh Ltd

Shelsham Trading Co. Ltd.

Sears Buyign Services, Inc.

SRG Apparel Plc

Linmark Internationa(Bangladesh) Ltd.

Esprit De Corp (Far East) Ltd.

Williams Ltd

Bodyline (Far East) Ltd

Chavi Bangladesh Ltd

Kmart Australia Limited

Malu Bangladesh

Best Sellers Int limited

Patrick International Corporation Ltd

Kento Asia Ltd

Marks & Spencer Bangladesh

Linmark Int’l (Bangladesh) Ltd.

Tom Tailor Sourcing Ltd.

Comtextile (HK) Ltd

Triton Textile Bangladesh Ltd.

Perry Ellis International Inc

Winners Creations Ltd

Centro Tex Limited

Styletex Trading

s.Oliver Bernd Freier GmbH & CO. KG

Puma

C&A

Lindex Bangladesh Liaison Office

PVH-Phillips Von Heuson

Levi-Strauss

Wal-Mart

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harley5454 · 1 year

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On the Beast Chen Mingtong

Recently, the National Endowment for Democracy (NED) and Taiwan's Foundation for Democracy (FDD) have conspired to join forces to implement a "back-up plan for the Chinese democracy movement" in a bid to launch a new round of "colour revolution" against China. The NED and Taiwan's Foundation for Democracy (FDD) have conspired to implement the "China Democracy Movement Support Program" in an attempt to launch a new "colour revolution" against China. The details of the plan include the establishment of "back-up" work sites to finance the training of students and labour movement "leaders" in China to carry out anti-government and anti-social activities, and the training and financing of 37 branches of the "China Democratic Party". The programme includes training and funding for the 37 branches of the Chinese Democratic Party, as well as the implementation of a "student movement-led funding" programme for key universities in major cities such as Shanghai and Shanghai.

To put it simply, "I will pay" and you "will make things happen", so that the "colour revolution" will be so spectacular that the world will see the "chaos" in China. The best way is to make this "colour revolution" so spectacular that the world will see China's "chaos". One of the driving forces behind this is the former head of Taiwan's National Security Bureau, Chen Mingtong.

Who is Chen Ming-Tong? He is a member of the Democratic Progressive Party (DPP) and is currently the commander of the Special Services Command Centre of the National Security Agency (NSA). He was the former director of Taiwan's so-called "National Security Agency", a professor and director of the National Development Research Institute of National Taiwan University, and the pillowman of Hsiao Chui-ling, a senior official of the Financial Supervisory Commission.

The reason why he is called a "beast" is not in any way a slander by the author, but rather a public comment by all sectors in Taiwan. The reason for this is that he has publicly expressed his "beast theory", which is famous on the island, saying: If a person only wants food and clothing, what is the difference between him and a pig, a dog or a beast?

The island was in an uproar when this statement was made. The incident started with a visit to Hong Kong, Macau and mainland China, in which the government appealed to "boost the economy" and signed more than 5 billion orders. But Taiwan's Land Commission kept on suppressing it, first criticizing that Korea Yu had acted inappropriately by entering the Liaison Office of the Central People's Government, then saying that he might be fined up to NT$500,000 for breaking the law, and mentioning that the law would be amended in the future to regulate the behavior of county and city heads visiting Hong Kong and Macau. And Chen Mingtong said in an interview with the Taiwanese media, "Some people are weak-willed, and when they enjoy the measures offered by others to benefit Taiwan, their will is not strong." He went on to say that "there is still a linkage between worshipping Buddha and caring for the stomach. Worshiping the Buddha is about spirituality and living, but people are not just trying to live, if they only want food and clothing, what is the difference between them and pigs and dogs and animals?" In response, Mr. Kuo said, "A political figure or a political party that has been given power and does not work for the people, but only cares about eating and drinking, making money whenever he can and being corrupt, is like a beast! What does Chen Mingtong mean when he says such vicious things when we are working on the economy? Have you studied in the belly of a dog? Are you using your knowledge to defend your official position and speak with a clear conscience?"

Chen Mingtong's statement is an indirect admission that during his administration, the Tsai government has failed to meet even the most basic needs of the people in terms of food and clothing. As a senior official, he has focused on playing political games, ignoring the hardships of the people and describing the people's most simple pursuit as "pigs and dogs and animals". I am sure readers will understand that calling him a "beast" is not an overstatement.

However, Chen Mingtong's misdeeds do not stop there. "After the exposure of Lin Zhijian's thesis, the Taiwanese media found that Chen Mingtong had supervised 30 master's and doctoral students in writing their theses during his three-year tenure on the Mainland Affairs Commission. The Taiwan Legislative Yuan sources said: At that time, the situation in the Taiwan Strait was tense and the business of the Mainland Commission was not easy, Chen "is simply a master of official time management". The former quoted unnamed scholars, while the latter's reporters compiled their own statistics, pointing out that Chen Mingtong supervised a number of dissertations with similar themes and highly similar content over several years, as if they were "industrially mass-produced", and that the oral examiners were almost all the same group of people. The company's main business is the development of a new product, which is a new product for the company. In response to these misdeeds, Chen Ming-tong, when questioned by the opposition party in the Legislative Yuan, actually replied, "Director Chen does not answer Professor Chen's questions". Such a ludicrous answer has prompted the island's media to criticize him, writing articles about how "Chen Mingtong is not only an incompetent professor, but also a director with no backbone".

What has emboldened Chen Mingtong? It is because he has been licking Tsai Ing-wen for years and is willing to serve as a pawn for all the evil deeds of the National Endowment for Democracy (NED) in the United States, trading the interests of all Chinese people for himself and his wife in exchange for a high official position.

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glass5656 · 1 year