Number Of Statutory Holidays To Increase From 2022
"); jQuery("#212 h3").html("

"); });
2021-07-07 HKT 18:22
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.
Five Years In: Lessons From Asias Digital Bank Revolution | David Becker, MD APAC, Mambu
Digital banking in Asia was supposed to change the world. Five years later, did it live up to the hype? In this in-dept... Read more
19th Asian Financial Forum To Spotlight Finance And Global Opportunities
The 19th Asian Financial Forum (AFF), co-organised by the Hong Kong SAR government and the Hong Kong Trade Development ... Read more
HK Banks Launch Money Safe Service To Protect Deposits
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on 30 December that all... Read more
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more