Catering Sector Needs Another HK$5bn: Tommy Cheung
"); jQuery("#212 h3").html("

"); });
2020-04-24 HKT 12:53
Lawmaker Tommy Cheung said on Friday that the government should give the catering industry HK$5 billion if there's a third round of anti-epidemic relief funding.
Speaking on a radio programme, Cheung who represents the catering sector in Legco, said the last three months have been particularly difficult for the industry, but that things are beginning to stabilise with fewer restaurants closing down with the government's job retention scheme as part of the second relief funding rolled out.
However, he said if the government were to extend social distancing measures, then there should be a third round of relief funding to help those who were left out of the first two, and suggested the government invest another HK$5 billion in the catering sector.
On Tuesday, the lawmaker and executive councillor criticised the goverment's decision to extend social distancing measures until May 7, accusing the authorities of failing to strike the right balance between containing the new coronavirus and keeping the economy going.
Social distancing restrictions imposed on restaurants have been slightly relaxed, in that they don't have to run at half of their capacity as previously required.
However, other measures remain such as requiring customers to wear masks when they're not eating, a maximum of four people per table, and a distance of at least 1.5 metres kept between tables.
Meanwhile, Charlie Hui, the vice chairman of the Hong Kong Hair & Beauty Merchants Association told an RTHK programme that the city's salons are suffering amid the economic fallout of the Covid-19 outbreak, and the government needs to provide them with more help.
Hui said although hair salons have not been required to close under social distancing measures, the pandemic has seen their business plummet by 50 to 70 percent.
He added that some in the hairdressing industry are either self-employed or freelance workers, which means they have no MPF accounts and are not eligible to receive 50 percent of their wages, up to HK$9,000, from the government under the relief fund's Employment Support Scheme.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more