The 4.75 million members of Hong Kong’s Mandatory Provident Fund (MPF) could save up to HK$50 billion (US$6.4 billion) in fees over a 10-year period after its electronic platform’s full implementation next year, according to the city’s retirement schemes regulator. The Mandatory Provident Fund Schemes Authority (MPFA) revised its original estimate made a few years…
Hong Kong’s pension authority is looking into HK$100,000 (US$12,740) in missing payments for 20 employees from the Michelin-starred Chinese restaurant Xin Dau Ji, following the chain’s abrupt closure of its Kowloon Bay branch on Wednesday. The Mandatory Provident Fund Schemes Authority said on Friday that it was pursuing the missing contributions for April and May….
Hong Kong’s pension authority is looking into HK$100,000 (US$12,740) in missing payments for 20 employees from the Michelin-starred Chinese restaurant Xin Dau Ji, following the chain’s abrupt closure of its Kowloon Bay branch on Wednesday. The Mandatory Provident Fund Schemes Authority said on Friday that it was pursuing the failed contributions in April and May….
A debt-ridden independent school in Hong Kong has said it aims to settle outstanding payments to parents by the end of the next year with the help of a “white knight”. Xu Li, the founding supervisor of Han Academy, said on social media on Tuesday that a financial rescuer had stepped in and that the…