“The scheme was introduced in Hong Kong during the pandemic when the economy was almost ground to a halt because of the closing of borders. It was a special measure to help SMEs,” Yau told a radio programme. “As the economy gradually recovers, it’s a heavy burden on the government if we maintain a 100
An old joke has a chief executive asking his accountant how much the company earned in the latest quarter. How much did you want it to be? the accountant replies. There’s always a bit of judgment that goes into financial figures. I’m a fan of GAAP earnings profits measured by generally accepted accounting principles. But
There’s a difference between managing your business’s cash flow, and having it manage you. That difference is something small to medium-sized businesses (SMBs) know well, particularly those that find themselves facing working capital issues that pose challenges to their operational stability and potential growth. Navigating the complexities of cash flow management and working capital can