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Hong Kong business sector, lawmakers hail minimum wage formula, but economist warns over risks of potential price spiral

Proponents say formula provides ‘objective data’ in determining wage levels, but one economist has warned the measure could trap the city in a wage-price spiral.

Hong kongLee shu kamDemocratic alliance for the bettermentHong kong federation of restaurantsShue yan university departmentFederation of trade unionsWong ka woHong kong federationRelated tradesFrankie ngan man yuDemocratic allianceExecutive councilShue yan universityDennis leung tsz wingTrade unionsConsumer price index

Minimum wage poised to rise

Michael Shum The minimum wage is increasing by HK$1.80 to HK$41.80 an hour, sources said, as the government mulls over a decision to go with.

Hong kongJohn lee ka chiuMichael shumDemocratic alliance for the bettermentWage commissionHong kong federation of restaurantsChief executive john lee ka chiuLabor dayMinimum wage commissionExecutive councilKwok wai keungFrankie ngan man yuKong federationRelated tradesSimon wong ka woThe standard

Hong Kong lawmakers urge authorities to boost overseas confidence in city

Legislators also scrutinise costs run up by former leader Carrie Lam amid debate on passage of 2024-25 budget.

Hong kongDominic lee tsz kingRegina ip lau suk yeeGary chan hak kanTang feiLaura cha shih may lungMichael tien puk sunDemocratic alliance for the bettermentHong kong basedMorgan stanley asia stephen roachExecutive councilHong kong exchangesLaura cha shihDemocratic allianceLegislative councilPacific place

Staggering costs

Stacy Shi It would cost the government HK$4.39 billion every five years in running 30,000 light public housing units - almost twice the oper.

Yuen longHong kong generalHong kongTuen mun siuStacy shiWendy hong wenDemocratic alliance for the bettermentPa legislative councilElection committeeLegislative councilVincent cheng wing shunDemocratic allianceTuen mun siu lamSiu lamScott leung man kwongYuen long yau pok road

Construction workers, off-duty aid officer come to the rescue

More than 10 residents survived with the help of Good Samaritans - construction workers and an off-duty Civil Aid Service member.The aid off.

Hong kongHong kong mongkokDemocratic alliance for the bettermentHeaton hotelGlobal sources consumer electronics showTung wah group of hospitalsBauhinia hotelCivil aid serviceGood samaritansDemocratic allianceGarden inn hong kong mongkokHoliday inn express hong kong mongkokTravelodge kowloonOne dundas serviced apartmentsGlobal sources consumer electronicsEdward leung hei

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