Trends in the retail industry I) Retail sales: overview For the period January-April overall retail sales have increased by 0‚7% in 2014 (from HK$172‚3m to HK$173‚ 5m): The small increase in retail sales in mainly due to the 14‚3% growth rate that occurred in January 2014. For three consecutive months retails sales have experienced negative growth with a peak of -9.8% in April 2014 as shown in the graph below. Retail
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for Decision Making (2013) Instructor: David Yip Financial Analysis CEC INTERNATIONAL HOLDINGS LIMITED Stock Code: SEHK00759 / 759:HK Author: Anthony Lam City University EMBA 2013 Cohort 759 Store CEC INTERNATIONAL HOLDINGS LTD. Hong Kong Stock Exchange Code: SEHK 00759 / 759:HK COMPANY History CEC International (CEC) was founded by Lam Wai Chun (the current Chairman) in 1979‚ as “Coils Electric Company”. Initially when the company was formed‚ it was a sole proprietorship
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Milestones in Hong Kong and China |Year | |Development | | | | | |1993 | |Officially incorporated in Hong Kong. Received nonprofit status from Hong Kong’s Internal Revenue Department. | | | |
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nowhere to dispose our waste‚ ______. You may be dubious that there is still a long way to this nightmare; however‚ according to the Hong Kong Environmental Protection Department‚ the three major strategic landfills in Hong Kong will be saturated in the mid to late 2010s. In other words‚ our landfills are going to be filled up within ten years. It implies that Hong Kong indeed has an imminent waste problem associated with the sturation of the landfills. At present‚ we depend merely on landfills to
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If I was he manager of the concerned organization‚ I would use three ideas to turn the dissatisfied customers to become satisfied ones. First‚ Compensate for guitar expenses. In the case‚ the guitar was crafted by Spanish master guitar maker Antonio Marin Montero who only made twenty guitars each year.And the guitar cost one hundred thousand HK dollars but we only compensate 234 HK dollars. So we need to have a reasonable compensation.For example‚ we can find the guitar maker to make a same guitar
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Is it hard to live in Hong Kong? A psychologist said that stress is a joint result of weak knowledge base plus and in sufficient support. In a highly competitive society like Hong Kong‚ everyone must work very hard for keeping a foothold. Moreover‚ Hong Kong’s Gini Coefficient has consistently at the world’s top rank‚ which implies the city’s income gap have a great disparity‚ despite a high living standard. That is how the stress comes up and let us take a close look at the issues. First of
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(December 2004March 2008) Hong Kong Accounting Standard 27 Consolidated and Separate Financial Statements* * This HKAS 27 is applicable for annual periods beginning on or after 1 January 2005 but before 1 July 2009. HKAS 27 (Revised) issued in March 2008 is applicable for annual periods beginning on or after 1 July 2009 and supersedes this HKAS 27. 1 HKAS 27 COPYRIGHT © Copyright 2008 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains
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VACATIONS OF HONG KONG PEOPLE Hong Kong people love spending their vacations in a different city or country and they love experiencing others cultures. In early years‚ Hong Kong people travelled around through travel agencies; nowadays‚ they plan the trip and schedule by themselves because they would like to have a more flexible and special vacation. They do not only choose the places which they have not been to‚ but sometimes they will re-visit the places that they like the most and have a relaxing
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Administration Topic: Critically examine the pros and cons of the Direct Subsidy Scheme (DSS) in primary and secondary education in Hong Kong. Take two traditional well-known schools as case examples (one DSS and the other non-DSS) to illustrate your answer. 1. Introduction The education system in Hong Kong is centrally administered by the Education and Manpower Bureau (EMB). The role of the EMB is mainly to monitor and regulate both the
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Subprime Mortgage in Hong Kong? It has already found to be very wrong for the government to loan people for "buying" a housing unit (in the US Subprime Crisis). A government is undoubtedly incompetent to run a banking business. It is highly undesirable to suggest Hong Kong government to follow the fatal suit. Ninja loan has become worldwide famous after the US Subprime Crisis‚ it stands for No Income‚ No Job‚ No Asset. But since the US government pushed to increase the homeownership ratio‚
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