350,000 People Granted Special Jobless Subsidy

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

Related News Programmes

"); });

2022-07-31 HKT 16:09

Share this story

facebook

  • Officials said they took a lenient approach throughout the vetting process. Image: Screenshot of the Temporary Unemployment Relief Scheme website

    Officials said they took a lenient approach throughout the vetting process. Image: Screenshot of the Temporary Unemployment Relief Scheme website

The government on Sunday said 350,000 people who lost their jobs in the fifth wave of the pandemic have been granted a special HK$10,000 handout, amounting to HK$3.5 billion in total.

Officials said in a statement that they had completed the processing of all 470,000 applications to the Temporary Unemployment Relief Scheme, noting that the number of successful applications exceeded its estimates by 50,000.

They said they took a lenient approach, granting applications from people whose period of unemployment fell a day or two short of the 30 day requirement and who engaged in casual work during the unemployment period.

Some 27,500 applications were approved after review.

However, 120,000 applications were rejected because applicants either didn't supply sufficient information or didn't meet the criteria.

The government added that police had taken action against 39 people suspected of providing false information when applying for the handout.

RECENT NEWS

Tourists Can Now Pay For Public Transport Using IPhone, Apple Watch In S. Korea

International travelers in South Korea can now use their iPhone or Apple Watch to pay for public transport through the ... Read more

Hang Seng Launches NFC E-Passbook For 1+ Million Passbook Customers

Hang Seng Bank has rolled out an e-Passbook service in Hong Kong in a bid to strengthen age-friendly banking. The Hang ... Read more

Why 95% Of AI Pilots Fail In Banking And How Banks Can Get ROI

Why do so many AI pilots fail in banking even when the technology itself works? In this episode, Vincent Fong, Fintech ... Read more

Gobi Partners Invests In Transak To Expand Regulated Digital Asset Payments In Asia

Gobi Partners has announced an investment in Transak, a company that provides regulated infrastructure for converting b... Read more

UnionPay Launches Agentic Payment Framework To Standardise AI-Driven Transactions

UnionPay has officially released the Agentic Payment Open Protocol (APOP) framework, a solution for agent-based payment... Read more

Standard Chartered Launches Real-Time FPS Payments For Offshore Firms And Paytech

Standard Chartered Bank Hong Kong (SCBHK) has joined the first group of banks in Hong Kong to roll out cross-border pay... Read more