|
Foreign Domestic Helpers In Hong Kong
Foreign domestic helpers in Hong Kong () are domestic workers employed by Hongkongers, typically families. Comprising five percent of Hong Kong's population, about 98.5% of them are women. In 2019, there were 400,000 foreign domestic helpers in the territory. Required by law to live in their employer's residence, they perform household tasks such as cooking, serving, cleaning, dishwashing and child care. Since October 2003 the employment of domestic workers has been subject to the unpopular Employees' Retraining Levy, totalling HK$9,600 for a two-year contract. It has not been applied since 16 July 2008, and has since been abolished. Whether foreign workers should be able to apply for Hong Kong residency is the subject of debate, and a high-profile court battle for residency by a foreign worker failed. The conditions of foreign domestic workers are being increasingly scrutinised by human-rights groups and are criticised as tantamount to modern slavery. Documented cases of work ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Philippines
The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia. The Philippines is considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, its GDP by purchasing power parity was estimated at $1.47 trillion, the 18th largest in the world. The country's primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Its major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong Kon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party (Hong Kong)
The Liberal Party (LP) is a pro-Beijing camp (Hong Kong), pro-Beijing, pro-business, and conservative political party in Hong Kong. Led by Tommy Cheung and chaired by Peter Shiu, it holds four seats in the Legislative Council of Hong Kong, Legislative Council, and holds five seats in the District Councils of Hong Kong, District Councils. Founded in 1993 on the basis of the Co-operative Resources Centre, the Liberal Party was founded by a group of conservative politicians, businessmen and professionals who were either appointed by the Governor of Hong Kong, colonial governor or indirectly elected through the trade-based functional constituency (Hong Kong), functional constituencies, to counter the liberal United Democrats of Hong Kong who emerged from the 1991 Hong Kong legislative election, first Legislative Council direct election in 1991. Led by Allen Lee, the party adopted a friendly approach with the Central People's Government, Beijing authorities to oppose last governor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive. Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral. Some economists argue that prolonged deflationary periods are related to the underlying of technological progress in an economy, because as productivity increases ( TFP), the cost of goods decreases. Deflation usually happens when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Hong Kong
The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, refers to the executive authorities of Hong Kong SAR. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive and the principal officials, nominated by the chief executive, are appointed by the State Council of the People's Republic of China. The Government Secretariat is headed by the Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of Hong Kong, give advice to the Chief Executive as members of the Executive Council, and are accountable for their actions and policies to the Chief Executive and the Legislative Council. Under the " on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joko Widodo
Joko Widodo (; born 21 June 1961), popularly known as Jokowi, is an Indonesian politician and businessman who is the 7th and current president of Indonesia. Elected in July 2014, he was the first Indonesian president not to come from an elite political or military background. He was previously the mayor of Surakarta from 2005 to 2012 and the governor of Jakarta from 2012 to 2014. Before his political career, he was an industrialist and businessman. He achieved national prominence in 2009 for his work as the mayor of Surakarta. A member of the Indonesian Democratic Party of Struggle (PDI-P), he was named as the party's candidate for the 2012 Jakarta gubernatorial election, alongside Basuki Tjahaja Purnama (often known as ''Ahok'') as his running mate. Defeating incumbent Fauzi Bowo, he took office in October 2012 and reinvigorated Jakartan politics, introducing publicised ''blusukan'' visits (unannounced spot checks) and improving the city's bureaucracy, reducing corruption ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnamese People In Hong Kong
Many of the Vietnamese people in Hong Kong immigrated as a result of the Vietnam War and persecution since the mid-1970s. Backed by a humanitarian policy of the Hong Kong Government, and under the auspices of the United Nations, some Vietnamese were permitted to settle in Hong Kong. The illegal entry of Vietnamese refugees was a problem which plagued the Government of Hong Kong for 25 years. The problem was only resolved in 2000. Between 1975 and 1999, 143,700 Vietnamese refugees were resettled in other countries and more than 67,000 Vietnamese migrants were repatriated.The influx of Vietnamese boat people Immigration Department, Hong Kong Government, Accessed 2 May 2007 The Vietnamese community in Hong Kong today falls into two major categories: those who came as refugees and ended up staying and int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Immigration Department (Hong Kong)
The Immigration Department of the Government of Hong Kong is responsible for immigration control of Hong Kong. After the People's Republic of China assumed sovereignty of the territory in July 1997, Hong Kong's immigration system remained largely unchanged from its British predecessor model. Residents from mainland China do not have the right of abode in Hong Kong, nor can they enter the territory freely, both before and after 1997. There are different regulations that apply to residents of Macau, another Special Administrative Region of China. In addition, visa-free entry acceptance regulations into Hong Kong for passport holders of some 170 countries remain unchanged before and after 1997. In a special arrangement, although Hong Kong's residents of Chinese descent are defined as citizens of the People's Republic of China, as stipulated by the Basic Law, Hong Kong's Immigration Department is responsible for issuing Hong Kong SAR passports for Hong Kong residents who are al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to be seen as a way to help lower-income families. Modern national laws enforcing compulsory union membership which prescribed minimum wages for their members were first passed in New Zealand in 1894. Although minimum wage laws are now in effect in many jurisdictions, differences of opinion exist about the be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quartz (publication)
''Quartz'' is an online news platform in English. It is focused on international business news. Quartz is privately held and was established in New York City in 2012. It is published in the United States with global business news and has specific publications for Africa, Hong Kong, India, Japan, and the United Arab Emirates. Audience and revenue ''Quartz'' targets high-earning readers, calling itself a "digitally native news outlet for business people in the new global economy". Sixty percent of its readers access the site via mobile devices. In August 2017, ''Quartz''s website saw about 22 million unique visitors. Approximately 700,000 people subscribe to its roster of email newsletters, which includes its flagship ''Daily Brief''. According to '' Ad Age'', ''Quartz'' made around $30 million in revenue in 2016, and employed 175 people. In 2017, revenue decreased to $27.6 million as advertising shrank. Uzabase (Japanese: ユーザベース) purchased the organization for $ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
