Govt Proposes Five More Statutory Holidays By 2030

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

"); });
2021-01-13 HKT 19:53
The government has laid out a nine-year-plan to increase the number of statutory holidays from 12 to 17, starting with the addition of Buddha’s Birthday next year.
But employee representatives in the Labour Advisory Board have slammed the plan as being far too slow, saying the entire process should instead be shortened to a three-year span.
Authorities are proposing to add one additional holiday every two years. Following Buddha’s birthday, which usually falls in May, the government is looking to designate the first weekday after Christmas Day as a statutory holiday in 2024, followed by Easter Monday, Good Friday, and the day after Good Friday in two-year increments.
That means the process would end in 2030.
The initiative is aimed at equalising the number of statutory holidays that all workers are entitled to, with bank holidays that most white-collar workers already have off.
In papers submitted to the Legislative Council, the government said the change would benefit around 1.2 million workers, representing around 40 per cent of the workforce.
It estimates that each extra holiday would cost local employers HK$630 million, but said the change would strike a balance between the interests of employers and employees.
Lawmakers are scheduled to hold a meeting next Tuesday to discuss the matter.
Hong Kong Launches Smart Seniors Anti-Scam Ambassador Programme To Protect The Elderly
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) jointly organised the launch cere... Read more
Payment Connect Sees Active Participation In Cross-Boundary Remittances
The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) officially launched Payment Connect on ... Read more
GoTyme Hong Kong Is Entering The Scene With Flexible Financing
GoTyme Hong Kong, which is part of the GoTyme Merchant Cash Advance (MCA) Asia business line under Tyme Group, announce... Read more
BGE Is Hong Kongs Latest Licensed Virtual Asset Trading Platform
Hong Kong BGE Limited (BGE) has secured its license to operate as a virtual asset trading platform (VATP) as of 17 June... Read more
China Backs Digital Yuan And Promotes Multi-Polar Currency System
The head of China’s central bank has promised to boost the global adoption of the digital yuan and called for the dev... Read more
JD Targets Stablecoin Licenses In Multiple Markets For Faster Payments
JD.com plans to secure stablecoin licenses in a series of major markets, founder Richard Liu announced at a Beijing pre... Read more