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FS paves way to green, digital future

A number of initiatives and measures aimed at accelerating high-quality development were announced in today’s 2024-25 Budget, with the Government emphasising a move towards a green future and digitalisation.   Explaining that high-quality development spurs ongoing economic innovation and growth whilst conserving the natural environment, Financial Secretary Paul Chan said Hong Kong must pursue opportunities through leveraging its advantages under “one country, two systems”, namely those of enjoying strong support at a national level and being closely connected to other parts of the world.   He stressed that green development involves huge business opportunities and financing needs, as governments and businesses around the world pursue carbon neutrality and green transformation. In addition, he said digitalisation has become a new driving force for economic development, empowering enterprises to enhance efficiency, boost their competitiveness and achieve new growth.   Introdu

Helpers' minimum wage unchanged

The Minimum Allowable Wage for foreign domestic helpers will remain at $4,630 per month, while the monthly food allowance will be increased by $52 to not less than $1,173, the Government announced today.   It made the decision after carefully considering Hong Kong's general economic and labour market conditions over the past year, as well as its near-term economic outlook, including the impact of the COVID-19 pandemic.   The employers' affordability and the helpers' livelihood were also taken into consideration.   Under the Standard Employment Contract for hiring helpers, employers must provide them with free food or pay them a food allowance.
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