Mojo+by+Alex+and+Reid

The findings in Figure 1 show the profits made by Mojo in Hong Kong and Singapore in 1999-2007. Hong Kong At the end of the 1990s and in the early part of the next decade, profits made by Mojo showed a strong upward trend and reached a peak of $60 million in 2002. A possible explanation for this phenomenon is the post handover boom in Hong Kong. This was however, followed by a sharp decline of profits to their lowest point in 2004. Profits were reduced to one-third within two years. It seems that the occurrence of SARS caused the economic bust. Due to the economic boom, the profits began to increase rapidly again for the following years. Singapore In 1999, profits climbed gradually to 2000 before leveling off at about $50 million until 2001. The reason for the rise of the profits is due to the strong SE Asian economies in late the 1990s. For the next six years, Mojo obtained a significant decrease. It is obvious that the increased taxation by Singapore Governement from 2001 caused the fall.