Business Leaders Wary Of Monday's General Strike

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-08-03 HKT 10:24

Share this story

facebook

  • Business leaders wary of Monday's general strike

The leader of one of Hong Kong's biggest business groups says they don't support a general strike called for Monday over the extradition saga.

The president of the Chinese Manufacturers' Association, Dennis Ng, says a strike will damage the economy, and might lead to the government taking an even stronger stand.

Meanwhile the honorary chairman of the Federation of Hong Kong Industries, Jimmy Kwok, called on people to minimise disruption to others.

He said businesses can only control things such as salary and benefits, while political considerations are beyond their remit.

"For the political reasons, the employers couldn't do anything. If it's only for the benefits of the employees, it's easy for any employers to consider whether the costs are affordable, and are they necessary, and that would be a solution, as soon as possible," Kwok said.

"But politically, no employers could have that decision to call off."

Rallies are also being organised at multiple locations around the city on Monday

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more