Govt Proposes Heavier Fines For Job Safety Breaches
"); jQuery("#212 h3").html("

"); });
2022-05-22 HKT 11:32
Labour minister Law Chi-kwong on Sunday said it's high time that Hong Kong introduces tougher penalties for employers who breach occupational safety laws, noting that it's been more than two decades since changes were made to the relevant legislation.
A bill on the matter is to be put to lawmakers for a first reading this week. It proposes doubling the maximum fines for violations.
Writing on his official blog, Law said existing penalties don't provide enough of a deterrent effect to prevent industrial accidents, with around 20 fatalities each year over the past decade.
He said some employers that experienced deaths were repeat offenders.
For cases of extreme violations, the government proposes raising the maximum penalty to HK$10 million, Law said, conceding that such a move would be controversial.
The secretary said prosecutions would only be triggered when there had been wilful or reckless neglect leading to death or serious injury.
He also said the law would state that in sentencing, the courts must consider a company's financial situation and business volume.
FWD Group Announces Board Changes With 3 New Appointments
FWD Group, a multinational insurance company based in Hong Kong, has announced the appointment of Andrew Weir, Dominic ... Read more
Standard Chartered, Animoca And HKT Launch HKD Stablecoin Joint Venture
On 17 February 2025, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT announced their partn... Read more
APAC Remitters, Be Ready For A New Era In Cross-Border Money Movement
With its estimated US$1.6 trillion in cross-border payments, the APAC region is poised to benefit significantly from th... Read more
HashKey Group Secures $30M Investment From Chinese Tech Investor Gaorong Ventures
Gaorong Ventures, an early backer of major Chinese internet firms like Meituan and PDD Holdings Inc., has made a $30 mi... Read more
Aspire Launches Visa Corporate Card For Hong Kong SMBs
Aspire, a Singapore-based fintech company, has introduced a Visa corporate card designed for small and medium-sized bus... Read more
How Can Banks Maintain Growth Momentum In The AI Everywhere Era?
Asian banks need technology investments such as AI to continue their growth momentum. The industry is robust, with 19 o... Read more