Hong Kong Government Budget to Assist SMEs
February 5, 2012
The Hong Kong Trade Development Council (HKTDC) welcomed the latest budget from the Hong Kong government which features several measures aimed at bolstering the city’s small- and medium-sized enterprises (SMEs). The 2012 budget warned of an uncertain global economic outlook and included promises to: waive business registration fees, reduce charges for import and export declarations and profits taxes.
According to the HKTDC’s economists, the total value of the territory’s exports will be limited to 1 percent growth this year. The HKTDC will increase its efforts in promoting Hong Kong’s businesses to mainland Chinese enterprises as well highlighting the Hong Kong’s business platform and encouraging cross-border cooperation.
Acting executive director of the HKTDC, Margaret Fong, said, “The government has proposed a host of timely measures for the benefit of business operators. Such measures, including … offering a new loan-guarantee product with a higher ratio of 80 percent, and supporting the Hong Kong Export Credit Insurance Corporation in offering special concessions for SMEs, will tide local SMEs over difficult times by enhancing their competitiveness and easing their financial pressure.”
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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