Govt Urged To Review Minimum Wage Every Year

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

"); });
2023-04-25 HKT 15:01
The Federation of Hong Kong and Kowloon Labour Unions on Tuesday urged the government to review the city's minimum wage annually, instead of once every two years.
It also said the planned rise next month, from HK$37.5 per hour to HK$40, isn't enough, and the wage should be set at HK$46.
The federation said a recent survey it carried out involving 390 people found 70 percent backed the idea of a review every year.
The group's Lam Chun-sing said the government should take reference from the Comprehensive Social Security Assistance (CSSA) scheme.
"The two-person amount (for CSSA) plus the additional rent allowance is about HK$9,000 (per month). If a worker works eight hours per day and 26 days a month, then the hourly wage is around HK$46," he said.
The federation's secretary-general, Chau Siu-chung, added that they would be open-minded as to whether the government should establish a formula to calculate the minimum wage – as long as it doesn't go down.
On Sunday, the Society for Community Organisation urged the government to raise the minimum wage to HK$53.4 per hour.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more