Improper to raise minimum wage in battered economy, Hong Kong business leader says, warning more unpaid leave could follow move

Raising the minimum wage would be inappropriate in a struggling economy, a Hong Kong business leader said on Sunday, despite other places increasing what the lowest paid make per hour.

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. The lack of an agreement meant the ball was now in the government’s court on whether the amount should go up at all. Employers push for minimum wage freeze amid economy battered by Covid-19She accused Kwok of making excuses in pushing for a freeze in the minimum wage.

Minimum wage to jump to HK$37.50, in biggest rise since it was introducedEarlier this month, Taiwan’s government decided to increase the monthly minimum wage slightly from NT$23,800 to NT$24,000 , or NT$158 to NT$160 if wages are calculated on an hourly basis.

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Hong Kong: Stocks open on positive note[HONG KONG] Hong Kong stocks started Monday with small gains following a strong lead from Wall Street, while investors also cheered healthy data indicating China's economy continues to improve. Read more at The Business Times.
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Shareholders raise queries over acquisition of Thye Hong Centre by Lian Beng's unitTHE acquisition of Thye Hong Centre by Lian Beng's subsidiary SLB Development had raised questions over whether the move was an indicator that the group will be able to resume distributing dividends going forward. Read more at The Business Times.
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