Higher Plastic Bag Levy To Take Effect Dec 31: Govt
"); jQuery("#212 h3").html("

"); });
2022-10-06 HKT 22:38
The plastic bag levy is expected to go up to HK$1 from December 31.
The government is set to table a motion on doubling the plastic bag levy at the Legislative Council on October 19, and a vote is expected. That would pave the way for the higher levy to take effect at the end of the year.
In a paper submitted to the legislature on Thursday, the Environment and Ecology Bureau said it expects a 25 percent drop in plastic bag disposal after the measure takes effect.
Authorities also suggested removing the levy exemptions for chilled or frozen food, as well as food items fully wrapped in non-airtight packaging.
While the levy does not apply to takeaway food or unpackaged food items, each purchase or order will be limited to one free plastic bag.
Some lawmakers and green groups had called for an increase in the levy to HK$2 to have a stronger deterrent effect.
Tourists Can Now Pay For Public Transport Using IPhone, Apple Watch In S. Korea
International travelers in South Korea can now use their iPhone or Apple Watch to pay for public transport through the ... Read more
Hang Seng Launches NFC E-Passbook For 1+ Million Passbook Customers
Hang Seng Bank has rolled out an e-Passbook service in Hong Kong in a bid to strengthen age-friendly banking. The Hang ... Read more
Why 95% Of AI Pilots Fail In Banking And How Banks Can Get ROI
Why do so many AI pilots fail in banking even when the technology itself works? In this episode, Vincent Fong, Fintech ... Read more
Gobi Partners Invests In Transak To Expand Regulated Digital Asset Payments In Asia
Gobi Partners has announced an investment in Transak, a company that provides regulated infrastructure for converting b... Read more
UnionPay Launches Agentic Payment Framework To Standardise AI-Driven Transactions
UnionPay has officially released the Agentic Payment Open Protocol (APOP) framework, a solution for agent-based payment... Read more
Standard Chartered Launches Real-Time FPS Payments For Offshore Firms And Paytech
Standard Chartered Bank Hong Kong (SCBHK) has joined the first group of banks in Hong Kong to roll out cross-border pay... Read more
