CTU Says Money Not Reaching Those In Need
"); jQuery("#212 h3").html("

"); });
2021-02-15 HKT 16:18
The Confederation of Trade Unions on Monday said money was not reaching those hit hard by the lack of work caused by the pandemic. At a press conference in Yau Ma Tei, ahead of next week's budget, it called for a raft of measures from the government that would support the unemployed and underemployed.
“No matter whether it is the epidemic fund from the government, or the MPF money by the workers themselves, none of this money has been able to reach the people in need,” said Carol Ng, the chairwoman of the confederation.
The CTU's main demand is for the government to provide those, who have lost their jobs or have been forced to take unpaid leave, with 80 percent of their lost income, capped at HK$16,000, for six months.
She pointed out that the government’s previous rounds of financial support went into the accounts of businesses, while workers who had been sacked had part of their severance package cut under MPF offsetting mechanism, which allowed employers to deduct their pension contributions from such payments.
Terry Chung, a kitchen worker, also spoke at the press conference. He said he had been unemployed since June and had been relying on his own savings.
“It’s very painful, my bank account only has HK$200 or HK$300 for a few months and I can only have bread for meals,” Chung said.
He said he wasn't eligible for the government’s safety net Comprehensive Social Security Assistance Scheme because his family's assets were too high.
“My family members are still employed, but that doesn’t not mean that they can support me,” Chung said.
The union also called on the Financial Secretary Paul Chan to give cash handouts of HK$10,000 in his budget.
“This is the soonest and quickest way to resolve all the citizens’ cash requirements or cash needs, and it is the time to do it,” said Ng.
Ping An P&C And FAW Hongqi Launch Hongqi Intelligent Driving Protection Services
Ping An Property & Casualty Insurance Company of China (Ping An P&C), a subsidiary of Ping An Insurance, has pa... Read more
HKSTP European Innovation Mixer Tour Nurtures Global Ties For Hong Kong
The Hong Kong Science and Technology Parks Corporation (HKSTP), led by CEO Albert Wong, conducted the HKSTP European In... Read more
The Full List Of Fintech Unicorns In Hong Kong (2025)
Hong Kong’s fintech landscape has evolved into a dynamic force in Asia, driven by regulatory innovation, technologica... Read more
HKSTPs EPIC 2025 Competition Returns, Doubling Investment Pool To US$100M
The 9th edition of the Elevator Pitch International Competition, also known as the EPIC 2025 competition, officially op... Read more
RedotPay Secures $40 Million Series A Funding, To Advance Global Crypto Payment Solutions
RedotPay secures $40 million Series A funding, marking a major milestone for the crypto payment platform. The announcem... Read more
BOOM Hits $2 Billion In AUM, Reinvesting Into Crypto And Tokenised Securities
BOOM, a Hong Kong-based online investing platform for high-net-worth individuals, announced on 12 March 2025 that it ex... Read more