Hong Kong ministers on Saturday admitted there were loopholes in the HK$80 billion (US$10 billion) wage subsidy scheme as they had been thrashing out details to finalise a proposal for approval at the Legislative Council.Chief Secretary Matthew Cheung Kin-chung said penalties, possibly a fine and even criminal punishment, would be imposed for any deviation from the regulations of the scheme. But he also admitted employers could not be stopped from cutting wages, or requesting employees take…
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Hong Kong ministers admit loopholes in wage subsidy scheme, but say the policy is still in the works
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