180,000 Seek Government's New Unemployment Subsidy

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-03-26 HKT 12:07

Share this story

facebook

  • 180,000 seek government's new unemployment subsidy

The government said on Saturday that almost 180,000 people have now applied for the new one-off jobless subsidy, since it opened for applications on Wednesday.

Speaking on an RTHK programme, Doris Ho, who heads the Policy Innovation and Co-ordination Office, says the number of applicants was "expected", and hopes these people can receive their HK$10,000 subsidy within three weeks of their applications.

But Ho rejected calls to roll out another round of unemployment subsidy for businesses that are still unable to reopen when social-distancing rules are relaxed next month.

It's not that we don't understand that people are struggling, but after all, this is "temporary" assistance for the unemployed," Ho said.

She said the government would be rolling out a new round of the employment support scheme in the future.

"Through this, we hope employers will get the message that the Covid situation is starting to stabilise, social-distancing rules will be relaxed in phases, and the government is providing them with wage subsidies for their workers from May to July...so that they'll keep staff on - and not fire them," she said.

RECENT NEWS

Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028

Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more

SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets

The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more

WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency

WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more

Fusion Bank Completes Core Banking System Migration In 10 Months With Tencent Cloud

Fusion Bank, a licensed digital bank in Hong Kong, has completed its migration to a new core banking system in collabor... Read more

Hong Kong Banks Can Begin Issuing Credit Cards In Mainland China From March 1

Hong Kong banks’ mainland credit cards will soon be available in mainland China, marking a significant step towards d... Read more

SFC Introduces ASPIRe Roadmap To Strengthen Virtual Asset Market In Hong Kong

The Securities and Futures Commission (SFC) outlined 12 key initiatives under the SFC virtual asset ASPIRe roadmap to e... Read more