The BPA, in conjunction with 14 chambers, held a Symposium on MPF Offset Mechanism today (December 10). The symposium attracted more than 300 business and academia representatives who were invited to share their thoughts on the socio-economic impacts to Hong Kong should the Mandatory Provident Fund (MPF) offsetting mechanism be abolished.
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The Business and Professionals Alliance for Hong Kong (BPA) is three years old! Chief Executive Mr Leung Chun-ying and Deputy Director of the Liaison Office of the Central People’s Government in the HKSAR Ms Yin Xiaojing officiated at a gala dinner organised on December 7, 2015 to celebrate the BPA’s birthday.
President, I speak to supplement the content of speeches made by my colleagues of the Business and Professionals Alliance for Hong Kong. Today in this Council, we have heard very clearly that bid-rigging is a very serious problem, and the community also thinks that the Government should do more to solve the problem.
It was pointed out by Mr Jeffrey LAM yesterday that the slogan of the Business and Professionals Alliance for Hong Kong (BPA) was “drive forward Hong Kong’s economy through commercial and industrial development and help improve people’s livelihood through our professionalism”, whereas “developing the economy and improving people’s livelihood” is its belief.
At a meeting today (November 24), the Business and Professionals Alliance for Hong Kong (BPA) presented over 220 proposals to the Chief Executive, Mr Leung Chun-ying, and the Financial Secretary, Mr John Tsang Chun-wah.
The District Council Election 2015 has been completed on November 22. This was the initial participation of the Business and Professionals Alliance for Hong Kong (BPA), with a total 16 members stood as candidates. As a result, 10 of them were successfully elected.
President, in my capacity as Chairman of the Bills Committee on Clearing and Settlement Systems (Amendment) Bill 2015 (the Bills Committee), I submit the Bills Committee’s report to this Council and report on the key points of the Bills Committee’s work.
President, first of all, I would like to thank Dr CHIANG Lai-wan and five members who have proposed amendments for their concerns about vocational education in Hong Kong. I always believe that vocational education is an indispensible part of Hong Kong’s education system.
Representatives from the Business and Professionals Alliance for Hong Kong (BPA), tourism, retail, catering and transport industries today (October 19) met with the Secretary for Commerce and Economic Development Gregory So Kam-leung to follow up on the proposal to enhance the Individual Visit Scheme (IVS) and to discuss market stimulation measures.
Media reports have been abuzz with speculation that Chief Executive Leung Chun-ying is planning to announce in his upcoming Policy Address the abolition of the offsetting mechanism under the Mandatory Provident Fund (MPF). Under this mechanism, employers can use their portion of MPF contributions to offset severance or long-service payments due to departing workers.