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.
Fraud & AML In Asia: What Banks Need To Know In 2026
Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists poi... Read more
Hong Kongs Total AUM Hits Record HK$42.2 Trillion In 2025
According to the Securities and Futures Commission (SFC), Hong Kong’s total assets under management (AUM) reached a r... Read more
Hyundai Card Leverages Apple Pay To Target Gen Z Users
Hyundai Card launched six new debit and hybrid cards tailored to Apple Pay users in April. The South Korean issuer is t... Read more
DBS And Samsung Securities Partner For Global Wealth Expansion
DBS has signed a MoU with South Korea’s Samsung Securities to establish a strategic partnership in wealth management.... Read more
RedotPay Selects OpenPayd For Treasury Operations And Global Remittances
RedotPay has selected OpenPayd to enhance its treasury operations and cross-border remittance services. The company wil... Read more
JCB Rolls Out Contactless Transit Payments Across Taipei Metro
JCB has rolled out contactless payment acceptance on the Taipei Metro. The integration allows cardholders to tap physic... Read more
