The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen said today that this year’s economic growth could reach the projected 12%, with gaming revenue likely to MOP50 billion. Mr Tam, speaking to the press at the reception to celebrate the 7th anniversary of the establishment of the SAR, said the Governement was confident that these could be reached in this year. He said as the Facilitated Individual Traveling Scheme would be implemented in five more cities in China, with more tourism facilities due to open in 2007, the general economy was expected to get a boost from the booming tourism and service industry. Asked about the issue of a minimum wage, Mr Tam said that as the Chief Executive had clearly stated in his Policy Address, the Government would implement a trial of minimun wages in tenders for cleaning and security services provided to Government institutions. And next year, a bill that would include minimum wage and maximum working hours clauses would be submitted for public consultation, hopefully would be introduced later in the same year.
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