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  • July 26, 2014
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  1. MPF fees may halve payout: watchdog

    Posted Jul 17th 2007, 12:00am by Dennis Eng

    ... aware of the existence of the fund expenses and how they are calculated,' said Larry Kwok Lam-kwong, chairman of the council's community relations committee. 'They are also not aware of the impact or effect of the fund expenses on the overall performance of the fund, particularly when it is compounded over 30 to 40 years.' The results come after new Mandatory ...

  2. HK retirees' incomes fail to cover expenses

    Posted Mar 20th 2007, 12:00am by Agnes Lam

    ... surplus' of the countries surveyed, as their average retirement income was HK$7,678 more than their actual household expenses. Mainlanders had the lowest average retirement income and the smallest gap between income and actual spending at HK$541. Hong Kong retirees faced an average deficit of HK$1,082. Japanese retirees suffered the biggest deficit, as their actual household expenses ...

  3. Voucher scheme slashes kindergarten teachers' pay

    Posted May 25th 2011, 12:00am

    ... expenses of the kindergartens. Chan Lau Yin-king, vice-chairwoman of the Council of Non-profit Making Organisations for Pre-primary Education, said that if the fee ceiling was not raised this year ... Mary Tong Siu-fun, chairwoman of the Hong Kong Kindergarten Association, said: 'The Education Bureau should allow for the adjustment of school fees based on expenses. It should take ...

  4. Sick leave

    Posted Jun 08th 2007, 12:00am by Staff Reporter

    ... A think tank has proposed that all workers pay up to 5 per cent of their salaries towards a mandatory medical savings account scheme. Will this be enough to cover our future medical expenses? Write to us. ...

  5. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... There is no choice but to restructure and reduce expenses.' He said the bank had avoided laying off staff who were the only breadwinners in the family. In one case, a lay-off was reversed when it learnt ...

  6. Women make worst customers: survey

    Posted Dec 19th 2011, 12:00am

    ... can actually help employers cut costs too, as handling complaints is actually expensive,' Suen said. 'Employees will be upset if they feel they're not backed up, and turnover ...

  7. Our generous allowances- the ins and outs

    Posted Feb 21st 2010, 12:00am by Staff Reporter

    ... be 10 per cent of the salary portion. Is there a rule of thumb on the proportion of the total salary that would be viewed as reasonable rental allowance? In the example given in your last article, the salary portion is US$100,000 and the rental portion is US$60,000. Would 60 per cent be a standard, acceptable percentage? Helen Tang Western Mid-Levels It would be unusual ...

  8. Home is where the work is

    Posted Feb 26th 2012, 12:00am

    ... expenses. Lawyers, labour experts and social workers dealing with such cases have observed more conflict, attributable in part to poor communication. Another factor is that, amid rising demand ...

  9. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... and branches in order to cut global expenses by US$2.5 billion to US$3.5 billion annually by 2013. Gulliver also said the group's insurance business would focus on 'life, pension ...

  10. Blame the bottom line, not a bronze lion

    Posted Sep 13th 2011, 12:00am

    ... in London in May, Gulliver had said he would close loss-making businesses and branches as well as reduce headcounts in order to cut global expenses by US$2.5 billion to US$3.5 billion annually ...




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