'Govt Needs A Mechanism To Set Minimum Wage'
"); jQuery("#212 h3").html("

"); });
2023-04-24 HKT 08:50
A welfare advocacy group has said the government must introduce a mechanism to set a minimum wage in Hong Kong, based on a percentage of the city's median wage.
Speaking to RTHK as a public consultation was due to end on Monday, Sze Lai-shan, the deputy director of the Society for Community Organisation, or SoCO, said the SAR's minimum wage lags at 38 percent of the median wage, and should be considerably higher.
"There's no mechanism," she said. "I don't know how the government sets the minimum wage. We also checked with other places such as Taiwan, Korea or even in Shenzhen.
"All of those places set the minimum wage at around 50 percent, or even up to seventy per cent, of the median wage. In Hong Kong now the rate is 38 percent. The standard is too low."
The government has proposed raising the minimum wage by HK$2.50 to $40 starting from next month. SoCO's suggestion would push it up to over HK$53 per hour.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more

