Mixed Views On Minimum Wage Raise

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

"); });
2023-01-10 HKT 18:09
Labour representatives and lawmakers are divided on whether increasing the city’s minimum wage level to HK$40 an hour is sufficient to help the grassroots community stay afloat.
The Chief Executive in Council on Tuesday approved a HK$2.5 increase proposed by the government-appointed Minimum Wage Commission, ending a four-year freeze.
Unionist lawmaker Kwok Wai-keung said while he welcomes the pay hike, low-income workers deserve more.
"Under the current mechanism, the changes can only [keep up with] the inflation. But we think that our workers should share more from the economic growth," the Federation of Trade Unions legislator said.
Priscilla Leung from the Business and Professionals Alliance, meanwhile, called the level of increase “reasonable”.
"It is a reasonable, compromised result... Hong Kong has suffered at least three years of economic hardship. It's time for all different stakeholders to have a breathing time," she said.
Meanwhile, the Society for Community Organisation expressed disappointment over the new rate, saying the government should raise it to at least HK$50 per hour.
"The government did not widely consult the labour organisations. The level of increase is even lower than the inflation," the group’s deputy director, Sze Lai-shan, said.
Currently, the minimum wage is reviewed every two years, but Sze said it is more appropriate to do so annually.
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more