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  1. Newcomers face the cruellest cuts

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... public sector- a discrepancy between the conditions of service of staff recruited before and after the handover. The gap has nothing to do with Hong Kong's reunification with China in 1997. ... service jargon, the value of these benefits is known as on-cost. The figure varies according to grade and seniority, and could be as high as 50 to 60 per cent of a civil servant's basic ...

  2. Double benefits

    Posted Nov 20th 2003, 12:00am by Staff Reporter

    ... Should ministers drawn from the civil service continue receiving monthly pensions- in effect, double benefits? In all, 442 retired civil servants, most working at government bodies, are permitted to keep getting their pensions. The head of the civil service says ministers are entitled to collect pensions because they have low job security and do not receive retirement benefits ...

  3. The future is in finance

    Posted Jan 16th 2004, 12:00am by Staff Reporter

    ... to commit crimes; arrests of prostitutes and illegal workers have risen. And after the shopping malls, Hong Kong has no long-term appeal. Hong Kong's real strength is its financial services ... financial centre. ASHLEY LEE, Yuen Long ...

  4. Bank to open Saturdays

    Posted Dec 01st 2007, 12:00am by Staff Reporter

    ... services. The changes will take effect from January 2. Opening hours on weekdays remain unchanged. Diana Cesar, head of general banking in the bank's personal financial services division, said ... Staff reporter Banking giant HSBC will resume full counter services at its branches on Saturday mornings from January and will hire 200 staff for the purpose. Under the plan, all HSBC ...

  5. In Brief

    Posted Jul 08th 2006, 12:00am by Staff Reporter

    ... shopping arcade in Tuen Mun. The new 3,700-sq-ft branch is run by 24 people, who oversee nine counters including a specialised financial management centre. According to Paul Thurston, HSBC general manager of personal financial services in Asia-Pacific, the new branch was set up to meet an increasing demand for personal financial services, particularly wealth management services ...

  6. $328b bill for civil servants' leave and pensions

    Posted Jan 06th 2004, 12:00am by Jimmy Cheung

    ... traditionally ignored in budgets prepared on a cash basis. Secretary for Financial Services and the Treasury Frederick Ma Si-hang dismissed concerns the huge pension liabilities could bankrupt the government. 'The pension is a long-term liability. It doesn't mean the government has to pay the pension tomorrow,'' he said after tabling the figures at Legco's financial ...

  7. Heartening figures indicate a recovery in the employment market

    Posted Mar 13th 2004, 12:00am by Staff Reporter

    ... in the financial services and technology sectors. But he cautioned that the government's unemployment figures issued on February 19 showed that unemployment for the November 2003 to January 2004 ... a noticeable increase in confidence in the financial services sector, with a reasonable amount of new headcount being created. This is in marked contrast to 2003 where the major banks were extremely ...

  8. Bright outlook for key professionals

    Posted Apr 25th 2008, 12:00am by John Cremer

    ... employment sectors in major international markets, recruitment firm Robert Walters found that the banking and financial services industry was entering a periodic bout of soul-searching. ... there was no reason to anticipate a major brake on recruitment activity. Mr Walters said many financial services companies had annual attrition rates of up to 20 per cent, so even in the event of a headcount ...

  9. Employers urged to take drastic action to stave off job cuts

    Posted Dec 02nd 2008, 12:00am by Dennis Eng

    ... trade and financial services are the most severely impacted, but the negative effects have spilled over to the domestic economy,' senior Moody's credit officer Steven Hess said. ... will achieve the necessary financial objectives,' the chamber said. Job losses have risen in recent weeks, with corporate cost-cutting leaving thousands of staff without jobs at major companies, ...

  10. Shanghai to protect rights of migrants

    Posted Mar 08th 2004, 12:00am by Christine Chan

    ... to its high concentration of financial services, was making every effort to crack down on white-collar crime. 'What needs to be done will be done,' Mr Han vowed. Looking ahead, Mr Han ... 'And children of migrant workers will enjoy the same rights as ordinary Shanghai students.' Until now, migrants working in the city have been denied access to basic services such as social ...




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