Workers Face 10-year Wait For Equal Holiday Rights
"); jQuery("#212 h3").html("

"); });
2020-10-15 HKT 01:21
A government move to allow blue-collar workers the same holiday rights as office staff will not come to full fruition for a decade, with the additional five public holidays to be added at a rate of only one day every two years.
Government officials made the announcement at a meeting on Wednesday of the Labour Advisory Board. Chief Executive Carrie Lam had said in January that the extra holidays would be among 10 initiatives to improve people's livelihoods.
"The government thanks the [board] members for having a candid discussion on the proposal for increasing progressively the number of statutory holidays," a spokesman said.
"Members have gained a thorough understanding on the proposal through today’s meeting and will consult the trades and organisations they represent later."
The government says it will convene a further meeting of the board, which comprises representatives of employers and employees, before taking the matter to the Legislative Council's manpower panel in January.
It hopes to introduce the legislation next year and add the first holiday in 2022.
At the moment, the SAR has only 12 statutory holidays, including dates such as the three-day Lunar New Year vacation and either Christmas Day or the Winter Solstice.
General holidays, which are mandatory for sectors such as banking and the government, also include three days at Easter, the Buddha's Birthday, usually in May, and Boxing Day.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
