British Columbia businesses are expected to pay billions in additional costs imposed by the provincial government over a three-year period, a report finds. The report released by the Greater Vancouver Board of Trade (GVBOT) says it identified “significant” government-imposed costs that will chip away an additional $6.5 billion from the earnings of business owners between…
BC Businesses to Pay Additional $6.5B in Government-Imposed Costs Over Three Years: Report
Cheques Make a Comeback as Small Businesses Look to Avoid High Credit Card Transaction Fees: Bank of Canada
January 7, 2023
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Bank of CanadaCanadacredit cardFinance Minister Chrystia FreelandMasterCardSmall and medium enterprisessmall businessWorld
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The paper cheque is gaining back its popularity among small businesses as they look to offer more payment options to avoid the high transaction fees that come with accepting credit cards, according to a study by the Bank of Canada. “Merchants mentioned accepting a wider range of payment methods because they need to make sales…
Data Shows Small and Medium-Sized Enterprises in China on the Decline
May 26, 2022
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ChinaChina Business & Economydynamic zero-COVIDprivate businessesprivate sectorSmall and medium enterprises
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Small and medium-sized businesses in China have suffered dearly under the country’s dynamic zero-COVID policy amid an economic downturn. Since February 2022, China’s Small and Medium Enterprise Development Index (SMEDI) has declined for three consecutive months. “Nearly all customer flow, logistical flow, and cash flow [for small and medium-sized private businesses] have stranded,” Mr. Ma,…
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