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  • July 13, 2014
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  1. 10 years of MPF - but who's cheering?

    Posted Dec 01st 2010, 12:00am by Enoch Yiu

    ... Ten years ago today, Hong Kong's government launched a pension plan aimed at enhancing the nest eggs of the territory's residents. As it celebrates its first decade, the Mandatory Provident Fund (MPF) has exceeded the government's initial f ...

  2. 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 which have cut fees for their most conservative investment option. An HSBC source said the bank had decided to cut the fees of capital preservation funds (CPFs) but had not decided by how much ...

  3. Pension consultant has his eye on China market

    Posted Jul 24th 2003, 12:00am by Enoch Yiu

    ... Aaron Wong Wai-hung, pension consultant at Watson Wyatt, counts among his long client list well-known companies such as Kowloon Motor Bus, Philips, Cisco Systems, San Miguel, PCCW and American Express. He joined Watson Wyatt as an actuarial student in 198 ...

  4. Global stocks rally boosts pension funds

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

    ... Strong stock market performances worldwide helped Hong Kong's 300 or so pension funds achieve an average return of 10.4 per cent in the second quarter - the best quarterly result since the peak of the Asian financial crisis in 1998. However, the fund ...

  5. McDonald's gives mainland staff a pay rise

    Posted Sep 03rd 2007, 12:00am by Enoch Yiu, Nevin Nie

    ... Some 45,000 front-line staff at McDonald's in the mainland would receive an average 30 per cent pay rise this month, the company said. This is the fast-food giant's first comprehensive salary increase in the mainland since it entered the country ...

  6. Bosses urged to hold off on pay rises

    Posted Sep 25th 2003, 12:00am by Enoch Yiu, Kelvin Chan

    ... Members of a Hong Kong employers' group were told yesterday to be more selective when hiring staff and warned not to be too hasty in raising pay. The call from the Employers' Federation comes as the economy continues to recover and bosses grew m ...

  7. Many workers missing out as city prospers, says lawmaker

    Posted Dec 27th 2006, 12:00am by Staff Reporter

    ... Jasmine Wang The economy and stock market may be surging but the lot of grass-roots workers is getting worse, a leading unionist and lawmaker said yesterday. 'With more industrial accidents, a widening gap between the rich and poor, prolonged working hours and delayed payment of wages, workers have worse living standards,' Leung Yiu-chung said. Mr Leung, who represents ...

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

    Posted Feb 29th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific chief executive Peter Wong Tung-shun. Last year the bank said it would cut 30,000 jobs globally, or 10 per cent of its workforce, as part of plans to save US$3.5 billion in annual costs. In Hong ...

  9. July 1 march organiser sticks with 21,000 tally

    Posted Jul 05th 2005, 12:00am by Ambrose Leung

    ... Ambrose Leung The organiser of the July 1 march sees no need to revise its estimated turnout of 21,000, despite discontent from marchers who said it was inaccurate. Civil Human Rights Front convenor Chong Yiu-kwong admitted the way the figure was announced had been unsatisfactory but stood firm on the figure itself. 'Perhaps we should have waited for the Professional ...

  10. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC Holdings is approaching a number of European and Japanese insurers in an attempt to sell its worldwide general insurance business, according to people familiar with the situation. Companies being approached included British insurer Prudential, medical insurance provider Bupa, Allianz, AXA and Zurich, the people said. Japanese insurer MSIG ...




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