Civil Servants' Pay Set To Rise By 3-5 Percent
"); jQuery("#212 h3").html("
"); });
2019-05-16 HKT 10:51
Share this story
Civil servants are set to receive a pay rise of between 3.13 percent and 5.08 percent this year.
The figures are calculated on the basis of a pay trend survey conducted by a government-appointed committee that studies salary movements in the private sector.
According to the survey, senior civil servants can expect a 4.58 percent jump, with rises of 5.08 percent and 3.13 percent for middle and lower-ranking staff.
But the committee’s chairman, Lee Luen-fai, said the final level of increases will be decided by the government after considering a basket of factors.
Last year, civil servants were given pay increases of between 4.06 and 4.51 percent.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more