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Contractor Suspended After Fatal Incident at Stanley Worksite; Safety Audit Required Before Tendering Resumes

HK

Contractor Suspended After Fatal Incident at Stanley Worksite; Safety Audit Required Before Tendering Resumes
HK

HK

Contractor Suspended After Fatal Incident at Stanley Worksite; Safety Audit Required Before Tendering Resumes

2026-05-15 16:35 Last Updated At:16:48

Development Bureau imposes regulating action on contractor involved in fatal industrial incident at private worksite in Stanley

A spokesman for the Development Bureau (DEVB) said today (May 15) that the contractor involved in the fatal industrial incident that happened on May 4 at a private worksite in Stanley was under the List of Approved Suppliers of Materials and Specialist Contractors for Public Works.

The DEVB, being the party that procures services for public works, attaches great importance to the site safety performance of all construction sites under the purview of contractors on the List, regardless of whether the sites are public works construction sites or not. The DEVB issued notification to the contractor concerned today to suspend it from tendering for public works contracts in lift, escalator and passenger conveyor installation category with immediate effect pursuant to the regulating regime. The contractor concerned has to conduct an independent safety audit to review its safety management system. Taking cognisance of the outcome of the independent safety audit, the contractor is required to submit an improvement action plan and implement improvement measures, with a view to demonstrating that it has an effective safety management system before the lifting of the suspension from tendering can be considered. The suspension from tendering is not only confined to tender exercises within the period of suspension from tendering, but is also applicable to tender exercises with procedures initiated but not concluded.

The Labour Department is investigating this industrial incident and will handle it in accordance with the law. Subject to the investigation findings, the DEVB may impose further regulating actions on the contractor concerned later on, including extension of the period of suspension from tendering for public works contracts and even removal from the List.

Source: AI-found images

Source: AI-found images

Credit Card Lending Survey Results for First Quarter 2026

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority published today (May 15) the credit card lending survey results for the first quarter of 2026.

Following an increase of 8.7 per cent in the previous quarter as driven by festive spending and salaries tax payment, total card receivables decreased by 3.8 per cent in the first quarter to HK$158.0 billion at end-March 2026.

The combined delinquent and rescheduled ratio was 0.45 per cent at end-March 2026, compared with 0.40 per cent at the previous quarter-end. The charge-off ratio for the first quarter of 2026 was 0.56 per cent, compared with 0.62 per cent in the previous quarter.

Source: AI-found images

Source: AI-found images

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