Business Groups Take Out Ad To Oppose MPF Plan
"); jQuery("#212 h3").html("
"); });
2018-05-07 HKT 12:59
Share this story
Around 100 business groups took out a newspaper advertisement on Monday to oppose the government's plan to stop them from using money in their workers' MPF accounts to make long-service and severance payments.
The Business Community Joint Conference says in the advert that the move would prevent young people from setting up their own businesses, and damage relations between employers and their staff.
The government is proposing to subsidise long-service and severance payments to the tune of HK$17 billion over 12 years.
But business leaders say firms will struggle to shoulder the increased costs once this 12-year period is up.
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more
Top 11 Fintech Events In Hong Kong, Japan And Korea In 2025
East Asian countries, especially Hong Kong, China and South Korea, have become global hotspots for fintech innovation, ... Read more
Hong Kong SFC Grants Four VATP Licences, Boosting Virtual Asset Growth
The Securities and Futures Commission (SFC) announced today that it has granted Hong Kong VATP licences to four virtual... Read more
ZA Bank Chief Exec Ronald Iu Reportedly Stepping Down, May Join PAObank
Chief Executive of Hong Kong’s ZA Bank, Ronald Iu, is reportedly planning to step down early next year, according to ... Read more