Latest news with #JohnLam
South China Morning Post
a day ago
- Business
- South China Morning Post
Hong Kong's gig economy workers want industry regulated. Can city deliver?
Hong Kong food delivery rider John Lam* cannot afford to make a single mistake while working. Advertisement The 40-year-old takes extreme care while delivering orders on his motorcycle, knowing that if he has a work-related accident he will receive few employment benefits and minimal compensation. 'I understand that being highly responsive to my phone can lead to more orders. But for safety reasons, I only handle my phone when my vehicle has completely stopped,' said Lam, who delivers food for the city's two online platforms, Foodpanda and Meituan's Keeta. 'The risk of an accident simply isn't worth gaining an order slightly faster. I prioritise safe driving and rarely weave through traffic, even on a motorcycle, because road conditions are unpredictable.' The government is set to introduce proposals to further enhance platform workers' rights and benefits within the year. Photo: Jelly Tse Lam, who put his earnings at HK$45,000 (US$5,730) to HK$50,000 a month on average from a 10-hour shift six days a week, said he was fully aware of the risks when he started working with online food delivery platforms five years ago, but the money was too good to pass up. Advertisement 'While consistent food delivery work can lead to a very good income, the major downside is that it leaves couriers like me without essential basic and labour protections,' he said. 'It would be nice if the government regulated the industry, granting us employee status and entitling us to annual leave, sick leave and a pension.'
Bloomberg
19-03-2025
- Business
- Bloomberg
UBS Sees China Property Turnaround Coming Sooner Than Expected
UBS Group AG is predicting China's property sector to recover sooner than previously anticipated, led by a revival in top-tier cities. John Lam, head of China and Hong Kong property research at the Swiss bank, now expects home prices to 'turn stable' at the beginning of next year, compared with an earlier estimation for the middle of 2026, according to a media briefing Wednesday.
