Category: Uncategorized

Mar 22 2022

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38 arrested in Hong Kong for trying to swindle pandemic benefits

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Hong Kong police have arrested 38 people for allegedly attempting to defraud over HK$285 million (SG$49.4 million) from a government loan scheme that supports small and medium enterprises affected by...

Mar 19 2022

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Govt should assist companies backed by pension funds, says Najib

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“The government needs to ensure that companies which are owned by these pension funds, and have not yet recovered … He was commenting on a report that the stock markets...

Mar 19 2022

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Australian pension funds shun China over Xi’s ‘common prosperity’ drive

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Australian pension funds are pulling back from Chinese listed equity markets on concern that President Xi Jinping’s “common prosperity” policy has heightened the risk of government interference in the …

Mar 18 2022

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Hong Kong’s MPF investments hit by bear market

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Hong Kong’s Mandatory Provident Fund investments were dragged down in 2021 by the city’s worst bear market in a decade, though fund assets increased as more of the 4.5 million...

Mar 18 2022

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Hong Kongers might be missing out these tax benefits on insurance products

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Manulife reveals that many still do not fully understand these benefits. Many Hong Kong residents still do not fully understand the characteristics and benefits of some insurance products and pension...

Mar 17 2022

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MPF spells for miserable

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Call it the Miserable, rather than Mandatory, Provident Fund. The working population with Hong Kong stock exposure in the pension account like you and me must be screaming over the...

Mar 16 2022

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Manulife survey: Taxpayers missing out on full benefits of tax-deductible solutions and tax savings

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A recent Manulife survey has revealed that even though tax-deductible products were launched three years ago, Hong Kong taxpayers still do not fully understand …

Mar 16 2022

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Departing Hong Kong residents took $305 mln from pensions in Q4

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Residents leaving Hong Kong for good withdrew a total of HK$2.384 billion ($305 million) from their Mandatory Provident Fund (MPF) pensions in the last quarter of 2021, government data showed,...

Mar 15 2022

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Hong Kong government worker faces 3 years in jail for molesting domestic helper

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A veteran Hong Kong government worker could be jailed for up to three years and lose his pension worth HK$5 million (US$638,590) after a magistrate found him guilty of molesting...

Mar 12 2022

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Workers Struggles: Asia, Australia and New Zealand

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India: Thousands of unorganised workers in Karnataka protest poverty wages; Cambodian police arrest 180 protesting NagaWorld casino workers; Australia: Boral Cement plant workers strike; Helicopter …