...Report on the obesity problem in Hong Kong 1. Background Obesity is a common health problem in developed countries. In Hong Kong, a developed and prosperous city, the problem of obesity is not as serious as what happen in USA (Hong Kong Department of Health, 2009). However, it is still an alarming problem. Hong Kong citizens have high-paced lives that increase the chance of being obese. This report is to find what are the main reasons for obesity in Hong Kong and what preventative measure can be taken to avoid the obesity problem. 2. Situation of obesity in Hong Kong Men in Hong Kong are easier to be obese than women. According to Hong Kong Department of Health (2009), from two different studies concerning the phenomenon of obesity in Hong Kong, there are 10 to 20 percent of Hong Kong people who are obese. Moreover, it is found that it is more common for men being obese than women. Similar trends are found in two studies. It shows that the obesity problem for men is even more serious. 3. Main Reasons for obesity in Hong Kong The reasons for obesity in Hong Kong can be divided into 3 main reasons, which are generally happened in Hong Kong people’s lives. 3.1 Unbalanced nutrition intake High intake of energy-dense foods will lead to weight gain, whereas high intake of dietary fibre can keep body weight (Hong Kong Department of Health, 2009). Hong Kong citizens have busy schedules and they would rather cut down on their time for dining to save time. Thus,...
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...Establishment of Teabox 3.1 Team of Teabox 4. Why Teabox Failed 5. Recommendations 6. Risk Introduction The aim of this report of the “Teabox – running tuck shops in Hong Kong Schools” case study (Kevin Au/Mingles Tsoi 2009) is to summarise the key elements that caused the deficit of Teabox and give possible solutions on how to improve the performance of Teabox in future. Although “Teabox” is an actual company, the authors may have disguised certain names and other identifying information to protect confidentiality. This report looks at difficulties that Teabox had while implementing their “Life Education” proposal into action, which was caused by Steward Ltd. participating in “Enhancing Employment of People with Disabilities through Small Enterprise Project”. As well as, how the idea of the project is being worked out and what impact it had on business strategy. The main idea of “Life Education” was to advocate a healthful diet, as well as provide work and training opportunities for disabled, former mental patients, and women. In order to support this, organization needed seed money from the program set by the Social Welfare Department. However, when working in a non-profit organization, good intentions are not the only thing necessary, lack of financial and management experience will have its toll on organization, as it did with Teabox. This report is based only on the case study and will include only the information given, so that, when analyzed we could make a conclusion...
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...glad to be of services to the Hong Kong Tourism Board (HKTB) - formerly known as Hong Kong Tourism Association, in presenting this consulting report on promoting Hong Kong as the “City of Life” and persuading the visitors from Mainland China to visit Hong Kong In this report, we will base on the two-year major promotional tourism campaign “City of Life: Hong Kong is it!” which launched by the Hong Kong Tourism Board (HKTB) in April 2001 to showcase to visitors from Mainland China the most interesting and attractive aspects of Hong Kong. We will also contribute ideas on tourism promotion for this campaign to persuade the visitors from Mainland China to visit Hong Kong. Four districts will be covered in this report that included Kowloon, Hong Kong Island, New Territories and the Outlying Islands. Besides, the most popular attractions in Hong Kong such as Shopping, Dinning and Sightseeing will also be particularly focused in this report. Furthermore, negative aspects of Hong Kong will also be specially highlighted. In the final part of this report, a special issue on Quality Tourism Services (QTS) that plays an important role in the tourism industry will also be discussed. Lastly, conclusion and the recommendations for the Hong Kong Tourism Board (HKTB) to further improvement will be included in this report 1 Introduction 1.1 The Hong Kong Tourism Tourism plays an essential role in Hong Kong’s economy. To further promote Hong Kong as the most popular tourist...
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...Hong Kong retains top spot of world's freest economy 12 January 2012 Last updated at 05:28 GMT Hong Kong has been ranked as the world's freest economy for 18 consecutive years Hong Kong has retained its position as the world's freest economy, according to a ranking compiled by the Heritage Foundation, a conservative think tank. Singapore ranked second, followed by Australia, New Zealand and Switzerland. The index evaluates economic freedom by looking at the rule of law, regulatory efficiency, the size of government and open markets. The 2012 report said that economic freedom for the world as a whole had declined over the past year. "Most of that decline is due to a large increase in government spending worldwide," said Edwin Feulner, president of the Heritage Foundation. "Governments have justified this spending as a necessity to restart economic growth but it hasn't worked. We think it's time to give the market a chance to show what it can do," he added. North America and Europe suffered declines in economic freedom over the past year, while economic freedom increased in Asia and sub-Saharan Africa. The US came 10th, down from ninth place in 2011. Mauritius, which ranked eighth, was the first sub-Saharan African country to enter the top 10, Mr Feulner said. Hong Kong retained its top ranking for the 18th consecutive year, but Mr Feulner said that Singapore "was narrowing the gap". The report said the introduction of a minimum wage in May last year had "moved Hong...
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...De Montfort University City University of Hong Kong BA (HONS) BUSINESS ADMINISTRATIONS AND MANAGEMENT (121-29080) Corporate Strategy (Module code: BAMG 3108) Assignment Topic: Group Report Submit on: 20 November 2012 Name of Instructor: Mr. Eric Lam Name of Student (DMU Student No): (1) Kong Kwok Shing (DMU) P11013981 (SCOPE) 52810589 (2) Lai Ka Yi (DMU) P11014709 (SCOPE) 52810450 (3) Ng Yiu Ping (DMU) P11013811 (SCOPE) 52810332 (4) Wong Shu Kei (DMU) P110247X (SCOPE) 52810553 Table of Contents Page 1. Introduction 3 2. Macro-Environmental Analysis 4-7 3. Mobile Phone Industry Analysis 7-10 4. Critical Success Factors 10-13 5. Scenario Planning 13 6. Reference 14-15 7. Appendix 16-18 1. Introduction Nokia, one of the international communication and information technology company in the world which found in Finland. Their main products are phone and portable IT equipment. It also provides Internet services, including applications, games, music, media and communications through its Ovi platform, and free digital map information. Nokia is the largest vendor of mobile in the world since 1998 to 2008. However, in this past 5 years, Nokia has suffered declining market share because...
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...In year 1997, Hong Kong, the once part of Chinese Empire then became British colony, changed its status again to Special Administrative Region of the People’s Republic of China. The implications of this unique heritage, its transition and cultural identity have shaped Hong Kong into current tourism hub (Henderson, 2010). A survey conducted by Yuwa (2013) shows that Hong Kong ranked 9th in the top 20 global tourist’ destinations. However, competition has been heated up around the region lately. More countries including China (mainly Shenzhen and Zhuhai), Taiwan, and Southeast Asia countries (particularly Singapore and Thailand) are joining the league to attract high-net-worth travelers. The following paragraphs are about to explain both the competitiveness of Hong Kong and threats that may challenge its position as regional tourism hub. Well-connected ground transportation, world renowned airport and sheltered natural harbor contribute to the success of Hong Kong tourism. Hong Kong’s home carrier Cathay Pacific success in attracting millions of tourists to Hong Kong also attracts major airlines to expand flight network to Hong Kong International Airport. The airport is subsequently honored as one of the fully utilized, most efficient and competitive airport in the world (Strategic Access Limited, n.d.). Tam (1997) claims that the advanced infrastructure projects improving transport network, such as the Hong Kong International (Chep Lap Kok) Airport and the number three highway...
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...discuss the insights of the Hong Kong and international business environment in air cargo industry. Details: In March 2012, the Hong Kong Government has approved in principle to adopt, for planning purposes, the three-runway option as the future development direction for Hong Kong International Airport (HKIA), with the recommendation by Airport Authority Hong Kong (AAHK). Besides, the third air cargo terminal in Hong Kong will commence its operation next year. Meanwhile, the competition among Asia-Pacific countries becoming more intense as some of them change their close skies policy to open their skies for foreign air freighters. These big changes produce a huge impact to the air cargo industry in Hong Kong. Assume that your group is an external consultant to evaluate the impacts of the above mentioned changes to the major players of air cargo industry in Hong Kong. Your group should discuss the above-mentioned issues from various aspects and insights. Your discussion can focus in, but not limited to, the following areas: Discuss the impacts of the three-runway option (proposed by AA) on major players of air cargo industry in Hong Kong. (e.g. the impacts on the major players for setting/adjusting their strategic plans, capital investments, information systems, process re-engineering, etc.) Discuss the impacts of the commencement of the third air cargo terminal on major players of air cargo industry in Hong Kong. Discuss whether Hong Kong should consider open skies policy...
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...Company Law Cons Even though the Hong Kong Bribery Law acts effectively in anti-corruption compared to the mainland bribery law, there are still some loopholes, especially when compared to the UK Bribery Act and the US Foreign Corrupt Practices Act. Similar to the effectives of the Bribery Law, the defects of the HK bribery law also covers equality, enforceability, recourse efficiency and law as a reflection of community standards and expectation four aspects, and each will be discussed with relevant cases. 1. Equality 2.1 Foreign bribes With the prevalence of overseas corruption, most of the countries have set specific regulation against foreign bribes. For example, both the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA) make it an offence to bribe foreign officials. Under the Bribery Act a “foreign public official “ is defined more narrowly than under the FCPA but sill includes (1) anyone who holds a foreign legislative or judicial position; (2) individuals who exercise a public function for a foreign country, territory, public agency or public enterprise o; or (3) any official or agent of a public organization. On the other hand, the Hong Kong Bribery Law does not specifically cover the foreign bribes, which results in the controversial judgment on the case HKSAR v. Krieger . In this case, the defendants, the officers of a Hong Kong subsidiary of the Swire Group of Companies were accused of conspiring with a Macau businessman to offer...
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...US Foreign Account Tax Compliance Act Intergovernmental Agreement Frequently Asked Questions This document aims to provide background information regarding the intergovernmental agreement (“IGA”) to be signed between Hong Kong and the US for implementation of the US Foreign Account Tax Compliance Act (“FATCA”). This document is not and should not be regarded as tax advice for financial institutions and their clients. If in doubt, individual institutions or clients should seek professional advice from their own tax or legal advisers. Information provided in this document will be updated according to the development regarding the signing of the IGA. Q 1: What is FATCA? Does this US tax legislation have any implication for Hong Kong? A 1: FATCA was enacted by the US in March 2010 aiming to combat tax evasion by US taxpayers. In brief, under FATCA, foreign financial institutions (“FFIs”) are required to sign agreements with the US Internal Revenue Service (“IRS”) to identify and disclose detail regarding their US account holders. These financial institutions will be required to withhold tax for relevant US account-holders who do not give consent to such disclosures, or to close such accounts. An FFI which does not sign or is not otherwise exempt will face a punitive 30% withholding tax on all “withholdable payments” derived from US sources, initially including dividends, interest and certain derivative payments. In addition, starting from 2017, gross...
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...marketer of the mobile phone industry in the world. Samsung is recognized as the top 10 world’s most valuable brand in 2012. Although Samsung has about 33.1% market share rate in the mobile phone market, Samsung still has to consider about their macro-environment and its opportunities and threats. Samsung has to analyze their Political, Economic, Social, Technological, Environmental and Legal factors in order to catch up with the fast changing world. In this report, we mainly focus on using PESTEL analysis to understand how the macro-environment factors affect the industry. Each single factor has the potential to fundamentally change the competitive Samsung operates in. Due to the fact that the mobile industry is easy to be influenced by external environment, the analysis is especially important for Samsung. As PESTEL is one of the frameworks that help to understand market growth or decline, business position, potential and direction for operations (Kotler, 1998). We hope that after reading this report, you will agree that PESTEL really affect how a company works....
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... Group Project Stock valuation using discounted cash flow analysis Guideline: Length of the report: 10-15 pages, double space, group no more than 5 people, due date 07/11/2013, weight 25% of final grade. Stock purchasing or investment is one of the most important investments of Hong Kong individuals. In the Asian and global financial crisis, a lot of Hong Kong people suffered huge losses in the Hong Kong stock markets. One of the reasons is probably that they have not evaluated the stocks carefully before purchasing. In this report, you are required to use the stock valuation models learned in this course to evaluate the Hong Kong stock prices. Specifically, you should relate the report to the dividend payments of Hong Kong stocks. Dividend is paid for almost every blue chip stock in Hong Kong. However, small stocks in Hong Kong seldom pay dividends. For blue chip stocks, you can use constant or non-constant dividend growth models for the stock valuation. For small stocks, however, you may use one-period discount model or dividend growth models for the valuation. By choosing several blue chip and small stocks for stock valuation in this group project, you should be able to learn the advantages and shortcomings to use stock valuation models to valuate Hong Kong stocks in practice. The other implication of this group project is that making money in the Hong Kong stock market is not an easy task as it is very difficult to get fair valuation of...
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...Abstract The high poverty incidence is a problem of many countries that needs immediate attention. The government is expected to be taking measures on this issue. In addressing this situation, regulations should be passed. There is a need for an evaluation of the effectiveness of such solutions. This paper will tackle the poverty situation as it exists in the city of Hong Kong. Focus is on leading factors that cause poverty. An assessment of the effectiveness of the programs being implemented by the government is made. Some reports show that in general, the government’s actions are not sufficient to eliminate poverty. They also suggest that the existing ordinances only to serve as temporary remedies. Key words: poverty, absolute poverty, strategies, poverty threshold Social Security and Sources for Social Welfare Introduction What is poverty? There is a dilemma on how the concept of poverty is defined. In fact, there is no single universally accepted definition of the term since the situation varies widely across different countries. People coming from different places proposed their perspectives on the meaning of poverty. They present varying ideas on poverty, but they have something in common. One view is that the term poverty is something that restricts a person’s freedom. It is also seen as a limitation to acquire the necessary resources enough to live a normal life. Another view is that poverty is a situation that strips...
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...Minimum wage in Hong Kong Table of Contents 1. Part 1: Minimum Wage law in Hong Kong 2 2. Introduction 2 3. Minimum Wage – Economic Theory 2 4. Introduction in Hong Kong – May 2010 3 5. Impacts – 15 months later 5 5.1. Employment 5 5.2. Firms profitability 6 5.3. Inflation 7 6. Economic cycle considerations 9 7. Part 2: Housing issues in Hong Kong 9 8. Introduction 9 9. Housing situation in Hong Kong 9 10. Housing Demand in Hong Kong 11 11. Housing supply in Hong Kong 14 12. The Current Government Policies 15 12.1. Policy 1: 15 12.2. Policy 2 16 12.3. Policy 3 16 13. Conclusion 17 14. Bibliography 18 Part 1: Minimum Wage law in Hong Kong Introduction The Hong Kong Government introduced of a Minimum Wage in Hong Kong in May 2011, in response to increased incomes disparity in the territory. It uses economic theory to predict certain impacts such as level of employment, profits of firms, inflation effect and potential positive effects on the economy in general. Minimum Wage – Economic Theory Economic theory tells us that when artificial price floors are introduced in the market, they force prices to remain above the level that balances supply and demand. The same is true with minimum wage; it raises the quantity of labor supplied and reduces the quantity of labor...
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...corporate governance structures and the extent of voluntary disclosure Simon S.M. Ho*, Kar Shun Wong School of Accountancy, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong Abstract The primary objective of this study is to test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms in Hong Kong. These corporate governance attributes are the proportion of independent directors to total number of directors on the board, the existence of a voluntary audit committee, the existence of dominant personalities (CEO/Chairman duality), and the percentage of family members on the board. Using a weighted relative disclosure index for measuring voluntary disclosure, the results indicate that the existence of an audit committee is significantly and positively related to the extent of voluntary disclosure, while the percentage of family members on the board is negatively related to the extent of voluntary disclosure. The study provides empirical evidence to policy makers and regulators in East Asia for implementing the two new board governance requirements on audit committee and family control. © 2001 Elsevier Science Inc. All rights reserved. Keywords: Corporate disclosure; Corporate governance; Voluntary disclosure; Hong Kong 1. Introduction It is commonly agreed that the recent Asian financial crisis was not only the result of a loss in investor confidence but, more importantly...
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...and enhance our Hong Kong core businesses corporate citizen reputation Strengthen our Hong Kong internationally Sharing Our Annual Report 2012 Growth Sharing Our Growth We continue to grow and enhance our core businesses in Hong Kong, while at the same time accelerating our expansion in the Mainland of China and overseas through sharing our expertise in developing sustainable communities based on rail transport. In support of these goals, we are strengthening our Hong Kong corporate citizen reputation by listening and responding to the voices of Hong Kong people. In our Annual Report, we share our progress with stakeholders, and outline our plans for the future. Contents 02 04 06 08 12 23 24 26 40 46 58 66 72 78 84 86 88 MTR Corporation in Numbers – 2012 Hong Kong Operating Network with Future Extensions MTR Corporation at a Glance Chairman’s Letter CEO’s Review of Operations and Outlook Key Figures Key Events in 2012 Executive Management’s Report – Hong Kong Transport Operations – Hong Kong Station Commercial Business – Hong Kong Property and Other Businesses – Hong Kong Network Expansion – Mainland and Overseas Growth – Human Resources Financial Review Ten-Year Statistics Investor Relations Risk Management 89 90 94 112 116 124 125 153 154 155 156 157 158 159 160 161 240 Sustainability Corporate Responsibility Corporate Governance Report Remuneration Report Board and Executive Directorate Key Corporate Management Report of the Members...
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