Democratic Party To Vote Against Covid Funding Plan

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

"); });
2020-09-17 HKT 15:41
More political groups have voiced opposition to the government's latest pandemic relief funding request, saying it falls short of meeting people's needs.
The Democratic Party said it would vote against the package during an upcoming Legco Finance Committee meeting.
Party chairman Wu Chi-wai said the third round of the anti-epidemic fund, unveiled on Tuesday to the tune of HK$24 billion, would not benefit those in need.
He pointed out that only HK$4.5 billion was earmarked for employees, and there was no direct subsidy for the unemployed.
Wu accused the government of ignoring his party's demands. "We suggest to have a new round of handout for all the people in Hong Kong, we suggest the setting up of an employment subsidies programme for those unemployed, and we also suggest the government to give money directly to SMEs."
The latest round of funding aims to benefit 23 industries hit hard by the outbreak.
The pro-government Federation of Trade Unions (FTU), meanwhile, highlighted the plight of workers during the epidemic.
It said a survey of nearly 1,500 people showed about 30 percent said they had no income amid Covid-19, and many others have had to take unpaid leave or suffered a drop in earnings.
An FTU member, Bill Tang, said the Commission on Poverty should focus on tackling unemployment, rather than meeting people's housing needs, on the way forward.
Payoneer Completes Easylink Payment Acquisition, To Expand In China
Payoneer, a fintech company offering online money transfers and digital payment services, announced on 9 April 2024 tha... Read more
Adobe And Antom Partner To Enhance Digital Creativity Payments In Asia
Adobe and Antom, a provider of merchant payment and digitisation solutions under Ant International, announced a new col... Read more
HKMA Steps Up Against Digital Scams With Fresh Safeguards
The Hong Kong Monetary Authority (HKMA) announced “E-Banking Security ABC,” a series of new anti-digital fra... Read more
Staking-Enabled Bosera HashKey Ether ETF To Launch By End-April
Bosera International and HashKey Capital Limited announced the launch of the Bosera HashKey Virtual Asset Ether ETF on ... Read more
XTransfer Showcases Cross-Border Payment Solutions At AsiaWorld-Expo
XTransfer participated in the Global Sources Consumer Electronics Show 2025 at AsiaWorld-Expo on April 11, 2025, to pre... Read more
Bain Capital Aims To Raise US$9 Billion For New Asia Funds
Bain Capital is aiming to raise billions of US dollars for its upcoming Asia fund and a special situations fund in the... Read more