Groups Make Pre-budget Appeals To Government

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

Related News Programmes

"); });

2019-02-06 HKT 13:16

Share this story

facebook

  • Groups protested outside government headquarters to ask for more labour and welfare spending in the coming budget. Photo: RTHK

    Groups protested outside government headquarters to ask for more labour and welfare spending in the coming budget. Photo: RTHK

Various groups on Wednesday staged demonstrations outside the government headquarters at Tamar, to demand greater spending on labour and welfare issues.

The financial secretary, Paul Chan, will deliver his budget speech at the Legislative Council on February 27.

The pro-government Federation of Trade Unions called on Chan to push forward plans to scrap the controversial MPF offsetting mechanism as soon as possible.

The mechanism allows employers to use a portion of the contribution they make to their employees’ Mandatory Provident Fund accounts to cover severance or long-service payments.

The government plan involves cushioning the blow for employers by subsiding companies to the tune of HK$29 billion over 25 years.

At a separate demonstration, the opposition Association for Democracy and People's Livelihood accused the government of inappropriately allocating resources, and urged Chan to make good use of the fiscal surplus.

They also criticised the government over a HK$4,000 handout to those who missed on other budget sweeteners last year, saying arrangements had been chaotic.

At Government House, Labour Party protesters demanded the administration take back the Fanling Golf Course so it can be used for housing.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more