Tai Wai Market To Shut As Part Of Revamp Plan
"); jQuery("#212 h3").html("
"); });
2018-03-09 HKT 18:50
The Tai Wai market will shut down by end of this year for renovation as a part of the government's plan to modernise markets in the city.
The Secretary for Food and Health, Sophia Chan, who visited the Tai Wai market on Friday, said officials are studying what improvement works are needed for close to 100 public markets.
An elderly fruit seller at Tai Wai market complained about the long closure to Chan, saying that he wouldn’t have any income during the renovations and said he hoped the government will provide them with financial assistance.
Asked about his request, Chan said shop tenants would not have to pay rents during the eight months that the market has to be closed.
She added that the government will also give them two extra months of rent waivers.
The Financial Secretary, Paul Chan, has earmarked HK$2 billion in his budget plan delivered last month to revamp the markets in the city.
AI, Fintech, And Sustainability Take Center Stage At Asian Financial Forum 2025
Hong Kong is set to host the 18th Asian Financial Forum (AFF) on 13 and 14 January 2025, marking the region’s first m... Read more
Metal Cards: Transforming Asia Pacifics Payments Landscape, And Redefining Customer Acquisition And Retention
While European, American and Chinese markets have largely found their digital banking champions in Revolut, Chime, and ... Read more
HKEX Launches Fund Repository To Enhance Transparency
Hong Kong Exchanges and Clearing Limited (HKEX) announced on 13 December 2024 the launch of a Fund Repository on its In... Read more
WeLab Bank Disburses HK$61 Million In Subsidies For Hong Kong Students
WeLab Bank has facilitated the disbursement of HK$61.56 million in subsidies through the H.S. Chau Foundation’s “De... Read more
Hong Kong Unveils Roadmap For ESG Reporting And Green Finance Leadership
The Hong Kong government launched its sustainability disclosure roadmap on 10 December 2024, marking a signi... Read more
Will Hong Kongs Crypto Regulations Shape The Future Of Web 3.0?
Hong Kong Web 3.0 is emerging as a global powerhouse. With its strategic efforts to regulate stablecoins, pilot the e-H... Read more