'Don't Increase Statutory Holidays During Depression'

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1591739_1_20210520092035.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1591739-20210520.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1591739-20210520.htm', 'DCS.dcsqry', '' ); } } }); }); });

2021-05-20 HKT 09:20

Share this story

facebook

  • Liberal Party leader Felix Chung says now is not the right time to be increasing the burden on employers. File photo: RTHK

    Liberal Party leader Felix Chung says now is not the right time to be increasing the burden on employers. File photo: RTHK

The pro-business Liberal Party on Thursday said the government should delay moves to increase statutory holidays for blue-collar workers for at least a couple of years, until the local economy has improved.

Liberal Party leader Felix Chung also said the government should delay abolishing the MPF off-setting mechanism, which allows employers to use part of a worker's pension fund to cover workers' severance and long service payments.

"We do not mind to give more benefits to employees as long as the economy is good, everybody knows that we're making profits" Chung said.

"Now Hong Kong, actually the whole world, is having a depression, so how can we afford to pay more?" he asked.

He said Hong Kong has faced tough economic times for the past few years and it is not the right time to increase the burden on employers.

Chung added that the party would propose amendments to bills currently being discussed by lawmakers.

RECENT NEWS

StartmeupHK Festival And Hong Kong Fintech Week 2025 Merge For 10th Anniversary Milestone

Invest Hong Kong (InvestHK) announced on 10 March 2025 that both of its flagship events, Hong Kong Fintech Week 2025 an... Read more

Ant AI-Powered Health Insurance Processes 7.25M Claims In 2024, 55%YoY Increase

In 2024, Ant Insurance, the online insurance brokerage platform of Ant Group, processed 7.25 million health claims, mar... Read more

Ping An Talent Uses AI For Job Matching, But Can Technology Make Recruitment Fairer?

Ping An Insurance (Group) Company of China, Ltd. has launched its 2025 Spring Campus Recruitment, offering over 2,000 p... Read more

HKEX Partners With CMU OmniClear To Boost Post-Trade Securities Infrastructure

Hong Kong Exchanges and Clearing Limited (HKEX) announced on 4 March 2025 that it signed a Memorandum of Understanding ... Read more

PAObank Secures Insurance Agency Licence, Partners With Ping An And FWD Hong Kong

PAO Bank Limited (PAObank) has received its Insurance Agency Licence from the Insurance Authority and signed strategic ... Read more

IFAST Launches Self-Service Accounts For Hong Kong Family Offices

Fintech solutions provider iFAST HK launches self-service accounts in Hong Kong, catering to the growing demand for ind... Read more