'Subsidise Sectors Affected By Anti-Covid Measures'
"); jQuery("#212 h3").html("

"); });
2022-01-09 HKT 12:41
Lawmakers have called on the government to provide subsidies to businesses and workers hit by anti-epidemic measures, in order to tide them over the Chinese New Year.
The Liberal Party's Tommy Cheung told a Commercial Radio programme on Sunday that he expects the catering sector to lose business worth more than HK$5 billion due to tighter social distancing restrictions, while noting that other businesses, like gyms and beauty parlours, are also taking a hit.
Cheung said the authorities should offer "huge" financial assistance to restaurants according to the floor area of their premises.
"I would assume without government subsidies, quite a large number of restaurants will be closing... Not only that, if [tightened social distancing measures] last more than the current 14 days, the number will be even higher," he said.
The lawmaker added that a government-guaranteed loan scheme, which provides a maximum loan of HK$6 million per company, should also be beefed up to ensure a steady cash flow for enterprises.
Meanwhile, Federation of Trade Unions legislator Bill Tang told the same programme that the authorities need to give money directly to workers.
"We estimate that around 800,000 working [people] are affected," he said.
"From the experience in 2020, there are so many disputes among the worker and their employer. There were many complaint cases that the employer got the allowance but did not share it with the employee."
Tang said it is important to give workers a lifeline as social distancing measures may not be relaxed again anytime soon.
The authorities banned dine-in services at restaurants after 6pm, and ordered the closure of various types of businesses, including bars, gyms and theme parks, for at least two weeks starting last Friday, in a bid to curb an expanding fifth wave of Covid infections.
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