Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and charitable giving, the government said in a new study.Thursday, 30 May, 2013, 11:06am
Does it ever feel like all your money disappears on bills? That you are not really working for yourself at all, but rather for your landlord, a host of utility companies and the local food store?9 Apr 2013 - 4:42am
How much money do you need to make you happy? It's a reasonable question that is damned hard to answer yet the people at Skandia International have conducted one of those surveys that purports to provide a response.26 Nov 2012 - 2:17am
Hongkongers on average need to earn HK$1.5 million a year to be happy, ranking them third among 13 places in the world, according to a global survey by an investment company.15 Nov 2012 - 10:15am 26 comments
With a monthly salary of HK$282,080 or more, our ministers are perhaps among the best paid politicians in the world. But their fat packages also make them easy targets for public criticism in an ever-demanding society like Hong Kong's. Over the years, the ministers followed the public and private sectors in cutting their own salaries in times of economic downturn.22 May 2012 - 12:00am
The minimum wage law may have been in force for almost a year, but it has been of little benefit to a 78-year-old security guard who gets just HK$13.20 an hour.
The guard, identified only as John, is among thousands of workers who are accepting less than the stipulated HK$28 an hour minimum wage because they fear being sacked if they complain, social workers say.27 Apr 2012 - 12:00am
Members of the public yesterday welcomed a call to shelve a proposal to double lawmakers' pay.
And they spoke out against the whole idea of linking lawmakers' pay to that of public servants.
A committee of lawmakers has recommended Legco members' pay be raised from HK$73,150 a month to HK$141,000 a month - 40 to 50 per cent of the salary of bureau chiefs.12 Feb 2012 - 12:00am
The proposal to almost double lawmakers' salaries from HK$73,150 to HK$141,000 has sent shockwaves through the community, with a majority of netizens criticising the proposed pay level for being unreasonably high. They say some lawmakers have not been doing their job and don't deserve a raise.11 Feb 2012 - 12:00am
Hong Kong Exchanges and Clearing (HKEx) may pride itself on operating one of the leading stock exchanges in the world, but on one basic standard - quarterly reporting - it is out of sync with bourses in New York, Frankfurt, Tokyo, Singapore and even the mainland. Many stock exchanges require it; Hong Kong's doesn't.2 Jan 2012 - 12:00am
Footwear maker Yue Yuen Industrial has posted a 6.2 per cent fall in full-year net earnings despite a significant rise in revenue, as costs buffeted margins.
Shares of Yue Yuen, which makes shoes for Nike and adidas, closed down 1.8 per cent at HK$24.55 yesterday after posting the worse-than-expected results for the fiscal year ending in September.31 Dec 2011 - 12:00am