DAB Calls For E-vouchers And Pandemic Subsidies

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

Related News Programmes

"); });

2022-02-03 HKT 14:01

Share this story

facebook

  • DAB members say e-vouchers are better than cash for stimulating the economy because cash can be saved.  Photo: RTHK

    DAB members say e-vouchers are better than cash for stimulating the economy because cash can be saved. Photo: RTHK

Pressure is mounting on the Financial Secretary Paul Chan to distribute another round of electronic consumption vouchers in this month's budget, with Hong Kong's biggest party - the DAB - asking for at least HK$5,000 per person.

The request comes a day after the Federation of Trade Unions asked for HK$10,000.

DAB lawmaker Frankie Ngan says e-vouchers are better than cash for stimulating the economy.

"It's because cash can be saved," he told a media briefing on Thursday about the DAB's budget wishes.

"It may not create extra consumption and GDP for Hong Kong," Ngan said.

Fellow party lawmaker Edward Leung said the DAB also wants the Financial Secretary to subsidise those hit by the pandemic restrictions over the Lunar New Year.

"We would like to issue some subsidy - HK$25,000 for the people who are affected by the policy that they are not allowed to operate during the Chinese New Year," he said.

"For people who are unemployed during this pandemic, we would like to issue HK$6,000 for six consecutive months," Leung added, "so that we can relieve their pressure during this hard time."

RECENT NEWS

TOPPAN Edge Becomes Japans First Qualified VLEI Issuer

The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more

SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more

Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin

South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more

China Funds Research On Stablecoins And Cross-Border Oversight

China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more

XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership

XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more

Brinc Launches VentureVerse Through Acquisition Of OG Club

Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more