Lhatoo, Yonden 17 September
Exchange Rates: Malaysian Ringgit, MYR
However, credit cards and debit cards are accepted at all outlets here. Money Changer in Johor. Money Changers at Melaka Sentral. As the bus terminal for all long haul buses to Melaka, be it from Johor Bahru or Kuala Lumpur, Melaka Sentral is probably the most visited public transport hub in Melaka by both locals and tourists.
Their name, addresses and telephone numbers are listed below Company Name: Idetiti Sejahtera Sdn Bhd Address: Many locals in Melaka like to exchange for foreign currencies at money changers at Melaka Sentral.
Money Changer in Melaka Melacca. Money Changers in Sibu Sarawak. There are three licensed money changers in Sibu. Their addresses are listed below. Money changer in Sibu Sarawak. Dataran Pahlawan is one of the favorite place to shop for the locals and tourists alike. The calculator assumes that you own and operate a private limited company that is generating profit and you will receive the post-tax profit as dividend income at the end of the year.
Hawksford can partner with you as your bookkeeper, accountant, controller, business advisor, part-time CFO — or your entire Accounting and Finance department. You may find these Singapore business guides useful in helping you make your decision:. Learn about taxes in Singapore including tax rates, income tax system, types of taxes and Singapore taxation in general. Find out how you can calculate your taxable income for your Singapore company and estimate the taxes you would need to pay.
This article provides clarification on an individual's tax liability in Singapore if s he is employed by a non-resident Singapore company. To counter this trade imbalance, the British sold large volumes of Indian opium to China. Faced with a drug crisis, Qing officials pursued ever more aggressive actions to halt the opium trade. The commissioner destroyed opium stockpiles and stopped all foreign trade,  forcing a British military response and starting the First Opium War.
However, both countries were dissatisfied and did not ratify this agreement. Administrative infrastructure was very quickly built up by early , but frequent piracy, endemic disease, and hostile Qing policies towards Hong Kong prevented the government from attracting merchants. The Taiping Rebellion improved the island's conditions, when many wealthier Chinese fled from the turbulent conditions of the mainland and settled in the colony.
Rapid economic improvement in the s attracted foreign investment, as potential stakeholders became more confident in the future of the colony. The colony was expanded further in , when Britain obtained a year lease of the New Territories.
Hong Kong's population recovered quickly after the war, as skilled Chinese migrants fled from the Chinese Civil War. Even more refugees crossed the border when the Communist Party took full control of mainland China in The public housing estate programme , ICAC , and Mass Transit Railway were all established in the post-war decades to provide safer housing, a clean civil service, and more reliable transport.
By the early s, Hong Kong had established itself as a global financial centre and shipping hub. As the end of the New Territories lease drew closer, the colony faced an uncertain future and Governor MacLehose raised the question of Hong Kong's status with Deng Xiaoping in The United Kingdom agreed to transfer the entire colony in and China would guarantee Hong Kong's economic and political systems for 50 years after the transfer.
Immediately after the transfer of sovereignty, Hong Kong was severely affected by several crises. The government was forced to use substantial foreign-exchange reserves to maintain the Hong Kong dollar's currency peg during the Asian financial crisis ,  but the recovery from this was muted by the H5N1 avian flu outbreak  as well as a housing oversupply crisis.
Political debates after the transfer of sovereignty have centred around the region's democratic development and the central government's adherence to the " one country, two systems " concept.
After reversal of the last colonial era Legislative Council democratic reforms immediately following the handover,  the regional government unsuccessfully attempted to enact sweeping national security legislation pursuant to Article 23 of the Basic Law. Hong Kong is a special administrative region of China with executive, legislative, and judicial powers devolved from the national government.
The Chief Executive is the head of government and serves for a five-year term, renewable once. The State Council , led by the Premier of China , appoints the Chief Executive after nomination by the Election Committee , which is composed of 1, prominent business, community, and government leaders.
The Legislative Council has 70 members sitting for a four-year term: The 30 limited electorate functional constituencies fill their seats using first-past-the-post or instant-runoff voting. Chinese national law does not generally apply in the region, and Hong Kong is treated as a separate jurisdiction. Jurisdictional independence of the territory is most apparent in its immigration and taxation policies. The Immigration Department issues distinct passports for permanent residents different from those of the mainland or Macau.
All travellers between Hong Kong and both China and Macau must pass through border controls, regardless of nationality. The Hong Kong Garrison is responsible for the region's defence. The central government and Ministry of Foreign Affairs handle diplomatic affairs, but Hong Kong retains the ability to maintain separate economic and cultural relations with foreign nations. The territory is administratively divided into 18 districts.
A District Council represents each district and advises the government on local issues such as public facility provisioning, community programme maintenance, cultural promotion, and environmental policy. Rural committee chairmen representing outlying villages and towns fill the remaining 27 seats. Articles 45 and 68 state that the ultimate goal is for both the Chief Executive and all members of the Legislative Council to be selected by universal suffrage.
Ethnic minorities, excluding those of European ancestry, have marginal representation in government and are often discriminated against while seeking housing, education, and employment opportunities. Although residing and working in Hong Kong, workers of this class are not treated as ordinarily resident, barring them from eligibility for right of abode.
The Joint Declaration guarantees the functioning of the Basic Law only for 50 years after the transfer of sovereignty. It is possible that Hong Kong's political and judicial systems will be reintegrated with China's at this date or the territory may continue to be administered separately for a further period of time. It is surrounded by the South China Sea on all sides except its northern boundary, which neighbours the Guangdong city of Shenzhen along the Sham Chun River. Undeveloped terrain is largely hilly to mountainous with very little flat land, consisting mostly of grassland, woodland, shrubland, or is used for agriculture.
Hong Kong has a humid subtropical climate Köppen Cwa , characteristic of southern China. Summer is hot and humid with occasional showers and thunderstorms, with warm air coming from the southwest. Typhoons most often occur in summer, sometimes resulting in flooding or landslides. Winters are mild and usually start sunny, becoming cloudier towards February; the occasional cold front brings strong, cooling winds from the north.
The most temperate seasons are spring, which can be changeable, and autumn, which is generally sunny and dry.
Hong Kong averages 1, hours of sunshine per year,  while the highest and lowest ever recorded temperatures at the Hong Kong Observatory are High demand for new construction has contributed to frequent demolition of older buildings, freeing space for the development of modern architecture high-rises.
Older government installations are enduring examples of colonial architecture. Flagstaff House , the former residence of the commanding British military officer, was built in and is the oldest Western-style building in Hong Kong. Tong lau , describing mixed-use tenement buildings constructed during the colonial era, blended southern Chinese architectural styles with European influences.
These were especially prolific during the immediate post-war period, when many were rapidly constructed to house large numbers of migrants from China. Mass-produced public housing estates constructed from the s on were largely built in the modernist style. The Census and Statistics Department estimated the population to be 7,, people as of mid [update]. The predominant language is Cantonese , a variety of Chinese originating in Guangdong.
Of residents aged 15 and older, Much of the elderly population were not formally educated as a result of war and poverty.
Life expectancy in Hong Kong is Income inequality has risen since the transfer of sovereignty, as the region's ageing population has gradually added to the number of economically inactive people.
Hong Kong has a capitalist mixed service economy , characterised by low taxation , minimal government market intervention, and an established international financial market. Hong Kong is the seventh largest trading entity in both exports and imports , trading more goods in value than its gross domestic product.
Products from mainland China alone account for about 40 per cent of that traffic. The territory has little arable land and few natural resources, so it imports most of its food and raw materials.
Imports account for more than 90 per cent of Hong Kong's food supply, including nearly all the meat and rice available there. While the territory boasted one of the largest manufacturing economies in Asia during the latter half of the colonial era, Hong Kong's economy is now dominated by the services sector.
Services alone constitute Economic and infrastructure integration with China has increased significantly from the start of market liberalisation in the mainland in Since resumption of cross-boundary train service in , many rail and road links have been improved and constructed, facilitating trade between the regions. Each jurisdiction pledged to remove remaining obstacles to trade and cross-boundary investments.
Mainland firms now represent over half of the Hang Seng Index value, up from 5 per cent in As the mainland liberalised its economy, Hong Kong's shipping industry faced severe competition from other Chinese ports. While 50 per cent of China's trade goods were routed through Hong Kong in , that figure dropped to about 13 per cent by Investors have open access to mainland Chinese markets through direct links with the Shanghai and Shenzhen stock exchanges.
The territory was the first market outside of mainland China for renminbi-denominated bonds and remains one of the largest hubs for offshore renminbi trading. The government traditionally adopted a passive role in the economy. Colonial governments had little by way of industrial policy and implemented almost no trade controls. Under the doctrine of " positive non-interventionism ", post-war administrations deliberately avoided directly allocating productive resources.
Active intervention was thought to be detrimental to economic growth. Post-handover administrations continued and expanded on these programmes, including export credit guarantees, a compulsory pension scheme , a minimum wage, anti-discrimination laws , and a state mortgage backer. It is also the most popular city for tourists, receiving over 70 per cent more visitors than its closest competitor, Macau. Hong Kong has a highly developed and sophisticated transport network.
The Mass Transit Railway MTR is an extensive passenger railway network, connecting 93 metro stations throughout the territory. While public transport systems handle the majority of passenger traffic, there are over , private vehicles licensed in Hong Kong.
Hong Kong International Airport is the primary airport for the territory. The Star Ferry operates two lines across Victoria Harbour for its 53, daily passengers. Smaller kai-to boats serve the most remote coastal settlements. The Peak Tram , the first public transport system in Hong Kong, has provided vertical rail transport between Central and Victoria Peak since Hong Kong imports almost all its generated electricity and fuel. With few natural lakes and rivers, a high population density, inaccessible groundwater sources, and extremely seasonal rainfall, the territory does not have a reliable source of fresh water.
Broadband Internet access is widely available, with Connections over fibre-optic infrastructure are increasingly prevalent,  contributing to the high regional average connection speed of Hong Kong is often characterised as a hybrid of East and West.
Traditional Chinese values emphasising family and education are blended with progressive Western ideals, including economic liberty and the rule of law.
The territory diverged from the mainland due to the long period of colonial administration and a differing pace of economic, social, and cultural development. Mainstream culture is derived from immigrants originating from various parts of China.
This was influenced by British-style education, a separate political system, and the territory's rapid development during the late 20th century. Traditional Chinese family values are prevalent among the population. These include preference for sons , family honor , and filial piety. Large-scale construction projects often hire consultants to ensure proper building positioning and layouts. The degree of adherence to feng shui is believed to determine the success of a business.
Food in Hong Kong is primarily based on Cantonese cuisine , despite the territory's sustained exposure to foreign influences and many residents with varied origins. Rice is the primary staple food and is usually served plain with other dishes. Poultry and seafood are commonly sold live at wet markets and ingredients are used as quickly as possible. Large groups of family and friends gather to yum cha , the social tradition of gathering to dine at a teahouse or restaurant.
Characteristic dishes include congee , cha siu bao , siu yuk , egg tarts , and mango pudding. Local interpretations of Western food are served at fast, casual restaurants called cha chaan teng. Common menu items at these restaurants include macaroni in soup, deep-fried French toast, and Hong Kong-style milk tea.
Hong Kong developed into a major filmmaking hub in the late s, as a wave of Shanghai filmmakers migrated to the territory. These movie veterans helped rebuild the colony's entertainment industry through the next decade. Locally made gangster movies, romantic dramas, and supernatural fantasies became hugely popular.
Nevertheless, the city's film industry roots in martial arts can often be observed through the roles of the most prolific Hong Kong actors. At the height of the local movie industry in the early s, over films were produced each year. Since then, industry momentum shifted towards mainland China. The annual number of films produced has declined significantly, to around 60 in Cantopop is the genre of Cantonese popular music that emerged in Hong Kong during the s.
This musical style evolved from Shanghai-style shidaiqu , influenced by Cantonese opera and Western pop as well. Throughout the s, these movies and shows were exported outside of the territory and exposed Cantopop to a global audience.
More recent contemporary artists such as Eason Chan , Joey Yung , and Twins continue to be popular within and outside the territory. Western classical music has historically had a strong presence in Hong Kong, and remains a large part of local musical education. The Hong Kong Chinese Orchestra , composed solely of classical Chinese instrumentation , is the leading Chinese ensemble counterpart and plays a large role in promoting traditional music in the local community.
Despite its small area, the territory is home to a wide range of sports and recreational facilities. Hong Kong maintains regional sports teams to represent itself abroad, and participates in international competitions apart from Chinese national teams.
The city has hosted a number of major sporting events, including the East Asian Games , the Summer Olympics equestrian events , and the Premier League Asia Trophy.
The region has participated at almost every Summer Olympics since , earning 3 medals throughout the competitions. Lee Lai-shan won the territory's first and only Olympic gold medal in the Atlanta Games. No longer part of the Commonwealth of Nations , the city's last appearance at the Commonwealth Games was in The Hong Kong Jockey Club holds a statutory monopoly on gambling and is the largest taxpayer in the territory.
The race was revived as a modern sport as part of the Tourism Board 's efforts to promote Hong Kong's image abroad.
The first modern competition was organised in , and overseas teams began competing in the first international race in Local publications are often overt in their political affiliations, showing either pro-Beijing or pro-democracy sympathies. The central government itself maintains a print media presence in the territory through the state-owned Ta Kung Pao and Wen Wei Po. From Wikipedia, the free encyclopedia.
This article is about the special administrative region of China.