Number Of Statutory Holidays To Increase From 2022

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

Related News Programmes

"); });

2021-07-07 HKT 18:22

Share this story

facebook

  • Number of statutory holidays to increase from 2022

More than one million workers will have more days off starting from next year, after the Legislative Council on Wednesday passed a bill to increase the number of statutory holidays from 12 to 17, by 2030.

Currently, all workers are entitled to 12 statutory holidays each year but employers are not legally required to grant them leave on public holidays.

Under the plan, an additional statutory holiday will be added every two years starting from 2022.

The five new days off for everyone will be Buddha’s Birthday, the first weekday after Christmas Day, Easter Monday, Good Friday, and the day following Good Friday.

The Secretary for Labour and Welfare, Law Chi-kwong, said the matter had been debated in society for more than a decade and he was very happy that the benefits of more than one million workers will be improved.

Law noted that some people in the labour sector would like to see the number of holidays increase at a faster pace, but he said the government had to take into account the impact of the change on small and medium-sized enterprises, as well as employers of foreign domestic helpers.

He said he believes the current plan is a balanced solution.

RECENT NEWS

ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education

ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more

Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more

Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation

Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more

MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending

MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more

Why The $2 Trillion Stablecoin Prediction Is Too Low

McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more

RedotPay Eyes US IPO With Potential US$1 Billion Raise

RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more