Cash Handouts As Early As April Next Year: FS

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

Related News Programmes

"); });

2018-04-21 HKT 17:20

Share this story

facebook

  • Financial Secretary Paul Chan says  applications for the handouts will begin in February. Photo: RTHK

    Financial Secretary Paul Chan says applications for the handouts will begin in February. Photo: RTHK

The Financial Secretary Paul Chan said on Saturday the first batch of residents eligible for the government's cash handouts of up to HK$4,000 can receive the money as early as April 2019.

The government announced last month that adults who were completely left out of the relief packages in the budget will be eligible to receive the full payment, but even those who benefited can apply for a top-up payment.

Chan said applications for the handouts would start in February next year. He described the administrative cost of HK$300 million as reasonable.

RECENT NEWS

OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October

OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more

The Race For Hong Kongs First Stablecoin Licenses Is Almost Over

I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more

HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets

Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more

Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion

Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more

Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong

Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more

Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea

Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more