Category: Blog

  • April 25, 2024

HR Challenges and Solutions in Commercial Real Estate for 2024

The rapidly transforming business landscape in the Real Estate and Property Management Industry means that there are several human resource management challenges that will continue to evolve in the future. Human resource management is an essential driver to the success of the real estate sector and the property management industry. Human-related factors and human resources […]
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418 Rule Relaxed
  • March 27, 2024

“418” Rule Relaxed: Everything Employers Need to Know

After years of debate, the Government has announced to ease the “continuous contract” requirement (known as the “418” rule) under the Employment Ordinance in February 2024. The Labour Advisory Board (LAB) has reached a consensus that the 418 rule is to be relaxed by using aggregate working hours of four weeks as a counting unit […]
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Corruption Prevention Guide on Procurement for Public Bodies
  • February 27, 2024

Corruption Prevention Guide on Procurement for Public Bodies

Over one hundred organizations are designated by the law as public bodies in Hong Kong. These public bodies provide public services, receive substantial public funds or are being placed in a position of special trust by the Government. Considering these organizations have been increasingly entrusted to assume a boarder array of public functions over the […]
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BEPS 2.0: Hong Kong to Implement Global Minimum Tax in 2025
  • January 26, 2024

BEPS 2.0: Hong Kong to Implement Global Minimum Tax in 2025

Hong Kong joined more than 130 jurisdictions in committing to implementing BEPS 2.0 in 2021. The Financial Secretary announced in the 2023-24 Budget that Hong Kong will apply the global minimum effective tax rate of 15 per cent on in-scope multinational enterprise (MNE) groups starting from 2025 onwards. On 21 December 2023, the Hong Kong […]
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8 Key Business Trends in 2024
  • December 27, 2023

8 Key Business Trends in 2024

2024 is around the corner and comes with new challenges and changes. The business landscape is evolving rapidly, it is necessary for companies to strategically plan for the year ahead to stay on top of emerging trends and innovations to bolster revenue and business resilience.  In an era where technology is advancing at a breakneck […]
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ESG Challenges Facing Real Estate Companies — and How to Overcome Them
  • November 24, 2023

ESG Challenges Facing Real Estate Companies — and How to Overcome Them

Environmental, Social and Governance (ESG) is playing a much more prominent role in a company’s business framework. Today’s companies have understood the importance of embedding ESG considerations into every stage of decision-making, but there are several challenges they encounter while developing and executing their ESG strategy.   According to KPMG’s 2022 ESG survey, 57% of […]
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Navigating the Talent Shortage to Win in a Competitive Market
  • October 27, 2023

Navigating the Talent Shortage to Win in a Competitive Market

The world is dealing with talent shortages. So too is Hong Kong. The Hong Kong General Chamber of Commerce’s (HKGCC) Talent Shortage Survey 2023 found that 74% of Hong Kong employers are struggling with talent shortages where 61% have been suffering from this issue for up to three years. The factors that respondents blamed the […]
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Get Ready for Mandatory ESG Reporting in Hong Kong
  • September 25, 2023

Get Ready for Mandatory ESG Reporting in Hong Kong

What is ESG? ESG refers to a set of Environmental, Social and Governance standards that investors and stakeholders use to evaluate and select investments. Over the last decade, ESG has become a top priority topic in boardrooms, C-suite executives have been seeking an effective way to embed ESG factors into their decision-making process. As Hong […]
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Developing A Successful Digital Transformation Strategy
  • August 11, 2023

Real Estate: 4 Keys to a Successful Digital Transformation

Why is Digital Transformation imperative for a company’s future success? Digital transformation is the process of integrating digital technologies into all aspects of a business to drive fundamental change in operations, culture and customer experiences. Over the past decade,  Many organizations have realized the importance of digital transformation as the Internet of Things (IoT) – […]
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4 Practical Ways to Drive Your Sustainability Agenda
  • July 24, 2023

4 Practical Ways to Drive Your Sustainability Agenda

World leaders have adopted the 2030 Agenda for Sustainable Development and seventeen Sustainable Development Goals (SDGs) to tackle climate change, fight inequality and wipe out poverty. As one of the world’s largest economies, China has also announced its environmental sustainability targets to peak its CO2 emissions until 2030 and become carbon neutral by 2060. The […]
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