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…
Hong Kong’s treasury chief has pledged to prioritise addressing user complaints aimed at the newly launched electronic pension platform after some employers and staff faced delays when updating contribution records or struggled to withdraw their funds. Secretary for Financial Services and the Treasury Bureau Christopher Hui Ching-yu said on Wednesday that any situation that affected…
Hong Kong’s MTR Corporation has accused the owners of now-closed fitness chain Physical of owing it nearly HK$2.8 million (US$360,000) in rent and management fees, with some outstanding charges dating back to last December. The rail giant, which also operates shopping centres, is seeking to recover more than HK$320,000 from Physical and its two directors,…
A Hong Kong physical fitness chain has said the landlord of its Central branch is no longer pursuing legal action over nearly HK$14 million (US$1.8 million) in unpaid rent, charges and fees, and sought to reassure its customers that all of its gyms were operating as usual. Pure Fitness said on Saturday it had “amicably…