DAB Calls For E-vouchers And Pandemic Subsidies

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

Related News Programmes

"); });

2022-02-03 HKT 14:01

Share this story

facebook

  • DAB members say e-vouchers are better than cash for stimulating the economy because cash can be saved.  Photo: RTHK

    DAB members say e-vouchers are better than cash for stimulating the economy because cash can be saved. Photo: RTHK

Pressure is mounting on the Financial Secretary Paul Chan to distribute another round of electronic consumption vouchers in this month's budget, with Hong Kong's biggest party - the DAB - asking for at least HK$5,000 per person.

The request comes a day after the Federation of Trade Unions asked for HK$10,000.

DAB lawmaker Frankie Ngan says e-vouchers are better than cash for stimulating the economy.

"It's because cash can be saved," he told a media briefing on Thursday about the DAB's budget wishes.

"It may not create extra consumption and GDP for Hong Kong," Ngan said.

Fellow party lawmaker Edward Leung said the DAB also wants the Financial Secretary to subsidise those hit by the pandemic restrictions over the Lunar New Year.

"We would like to issue some subsidy - HK$25,000 for the people who are affected by the policy that they are not allowed to operate during the Chinese New Year," he said.

"For people who are unemployed during this pandemic, we would like to issue HK$6,000 for six consecutive months," Leung added, "so that we can relieve their pressure during this hard time."

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