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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

1.1k wage subsidy complaints heard

The Government today said that as of March 9, the Employment Support Scheme (ESS) Secretariat had received 1,105 complaint cases, more than half of which involve unreasonable reduction in the number of employees or redundancy, or both.   Secretary for Labour & Welfare Dr Law Chi-kwong told legislators that the secretariat has completed investigations for 1,069 complaint cases and replied to the complainants.    Dr Law said the secretariat and the processing agent have been proactively and seriously following up reported cases.   Of the 1,069 cases which have been concluded with investigations, 608 employers are confirmed to have not complied with the terms and conditions of the ESS.   The secretariat will request those employers to return to the Government the unspent balance of wage subsidies or pay a penalty in respect of their failure to maintain the committed headcount of paid employees, or both.   Additionally, the secretariat has referred 274 cases concerning the Employment Ordinance or complaints on labour disputes relating to employment terms to the Labour Department for follow-up.   It also referred two cases to Customs, as well as one report or complaint case to the Immigration Department and the Inland Revenue Department.   The 23 complaint cases concerning Mandatory Provident Fund contributions made by employers have been referred to the MPF Authority.
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