'Govt Offer Is A Face Saving Ploy By Carrie Lam'
"); jQuery("#212 h3").html("
"); });
2019-01-18 HKT 11:05
Labour Party legislator Fernando Cheung on Friday dismissed a compromise formula on CSSA payments reportedly being offered by the government as a face-saving move by Chief Executive Carrie Lam which won't actually benefit the elderly.
The government, which has been under fire from lawmakers on all sides for changing the eligibility age for the payments to 65, has reportedly offered an extra HK$1,000 per month for 60 to 64-year-olds if they prove they can't find work.
Lam came under fire when she rejected calls by lawmakers not to implement the change, saying it was Legco which passed the rule. This angered the legislators across the party lines.
The Chief Executive is tipped to announce the compromise offer on Friday.
Cheung said the reported new offer is away to escape from the mistake the administration has made.
"This is a face-saving measure rather than a real service to the people in need," the opposition lawmaker said.
He said he hoped Lam would come out and say the government is postponing the measure for a few years and start some pilot projects that can eventually replace CSSA.
The age change from 60 to 65 for eligibility is to become effective from February.
HashKey Gets Regulatory Nod To Offer Virtual Asset Services In Ireland
HashKey Group has announced that its subsidiary, HashKey Europe Limited, has received Virtual Asset Service Provider (V... Read more
HKVAX And Victory Securities Forge Partnership To Advance Hong Kongs Virtual Asset Ecosystem
Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Secur... Read more
5 Major Banks Mantain Domestic Systemically Important Authorised Institutions Status
The Hong Kong Monetary Authority (HKMA) concluded its annual review of Domestic Systemically Important Authorised Insti... Read more
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more