Skip to content
Daily News
Oil Holds Near Three-Month Low As Demand Concerns Reverberate
Stock Market Bulls See Room To Run
Published by: dailynews
Published on:

Hong Kong To Unveil Plan To Recruit Foreign Labor Amid Shortage

Published by: dailynews
Published on:

Hong Kong will ease entry rules for foreign workers to stem a manpower shortage in the financial hub, Chief Executive John Lee said.

The government will “very soon” announce its plan to attract more people to work in sectors suffering from a “severe” labor shortfall, Lee said during his regular press briefing Tuesday.

“When we have a serious labor crunch, if we do nothing about that, the entire community will be affected,” Lee said, warning of risks to the city’s economy and competitiveness.

Read the full story on Bloomberg here.