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  • August 28, 2014
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  1. Hang Seng Bank staff to enjoy pay rise of up to 12pc

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... Staff at Hang Seng Bank can expect a pay rise of up to 12 per cent this year - their highest for 14 years. In an internal circular issued to the bank's 7,800 employees yesterday, ... the circular said these would be determined after the bank's annual financial performance was known in March. Hang Seng Bank is the third-largest money lender in Hong Kong by assets. It is also ...

  2. Hang Seng pay freeze takes cue from HSBC

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

    ... Winston Yau and Bei Hu Hang Seng Bank's board has decided to freeze salaries next year, taking its cue from controlling shareholder HSBC Holdings despite signs of an improving economy ... crisis. Another Hang Seng Bank spokeswoman said the decision to freeze staff salaries was not related to the bank's acquisition of a 15.98 per cent stake in Fujian-based Industrial Bank ...

  3. More MPF providers weigh cuts in fees

    Posted Sep 08th 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu HSBC, StanChart to lower pension costs HSBC, Hang Seng Bank and Standard Chartered Bank say they will consider falling into line with rival Mandatory Provident Fund providers ... or when the cut would take effect. Hang Seng Bank will do whatever its parent does. Spokesmen for both banks confirmed they were in the process of reviewing the fee structure of MPF plans but gave ...

  4. Cathay union seeks staff views on strike

    Posted Dec 19th 2007, 12:00am by Agnes Lam

    ... The Cathay Pacific flight attendants' union is polling members about whether to take industrial action if the airline refuses to drop its new medical scheme. The union will stage another demonstration tomorrow against the plan, which requires staff t ...

  5. HK's appeal as financial hub grows

    Posted Aug 24th 2007, 12:00am by Alex Baker

    ... Solid infrastructure and expertise boost SAR's competitive edge as the preferred base for private equity in the region, writes Alex Baker Sustained economic growth in Asia has laid the foundations for flourishing capital market activity- captured in ...

  6. Labour pains

    Posted Mar 15th 2007, 12:00am by Anita Lam

    ... A long-overdue minimum-wage measure targeting Hong Kong's worst-paid sectors is failing to make an impact due to red tape and confusion, writes Anita Lam At 7.30am, Mrs Liu starts her work in the lobby of a private housing estate in Tsuen Wan. With a ...

  7. Property management firms ignore minimum wage deal

    Posted Feb 05th 2007, 12:00am by Anita Lam

    ... Anita Lam Up to 90 per cent of Hong Kong's property management agents are not taking part in the government's 'wage protection movement' despite verbally pledging support, a senior executive estimates. Among the 19 property management ...

  8. Rail jobs rally

    Posted Jan 31st 2007, 12:00am by Anita Lam

    ... Anita Lam Staff union members from the two rail corporations march from the HSBC headquarters to the Environment, Transport and Works Bureau calling for increased job protection after the companies merge. Five unions from the Kowloon-Canton Railway Corpor ...

  9. Global stocks rally boosts pension funds

    Posted Jul 09th 2003, 12:00am by Enoch Yiu

    ... sentiment in the second quarter with the end of the war in Iraq and signs of economic recovery. The Nasdaq Composite Index in the United States has gained almost 20 per cent in the past three months, while the Hang Seng Index has risen 10.9 per cent. Bonds are also doing well in the low-interest rate environment. Mr Konyn said it was time for employees to consider changing their MPF ...

  10. Longevity, pension fund losses may see a generation unable to retire

    Posted Feb 09th 2010, 12:00am by Enoch Yiu

    ... in GDP in many markets and the rebounding of stock markets in 2009 help explain the relative improvement for Hong Kong,' Denning said. But with the Hang Seng Index sliding in the past two ...




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