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"On the other hand, temporary residents on employment and student status, including foreign domestic helpers and workers imported under the labour importation schemes will be excluded as they are subject to a condition of stay which prohibits them from taking employment outside that stipulated under their employment contracts."
The Employees Retraining (Amendment) Bill will be gazetted on December 6 (Friday) and be introduced into the Legislative Council on December 18 (Wednesday).
"As the labour market remains dynamic and Hong Kong's economic restructuring continued, there will be a continued need for a well-managed, properly- focused and cost-effective retraining programme to ensure that Hong Kong's workforce can adequately cope with the changing needs of the economy. We welcome views from any interested parties on proposals arising from the review of the ERS during this consultation period which will last about a month from now," Mr Wong said.
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Government intervention in market place counter-productive
The Financial Secretary, Mr Donald Tsang, said today (Tuesday) that government intervention in the market place would be counter-productive and wasteful in resources in the long run.
He was responding to proposals made by commentators that Hong Kong should "pick winners" and adopt a policy of industrial targeting; and that the Government should intervene in the economy to rescue a declining industry and seek to strike a predetermined balance between the manufacturing and service sectors.
Speaking at the opening of the Hong Kong Business Summit 1996, Mr Tsang said in theory, these proposals had a certain attraction.
"Those who put them forward speak in terms of preventing unemployment, of maintaining a more balanced and less vulnerable economy or of providing a vision and a clear framework for future development," he said.
No comments yet.
Private notes are available after approval.