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.
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more
