Democratic Party To Vote Against Covid Funding Plan

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

Related News Programmes

"); });

2020-09-17 HKT 15:41

Share this story

facebook

  • The government has unveiled three rounds of funding under its anti-epidemic fund. Photo: RTHK

    The government has unveiled three rounds of funding under its anti-epidemic fund. Photo: RTHK

More political groups have voiced opposition to the government's latest pandemic relief funding request, saying it falls short of meeting people's needs.

The Democratic Party said it would vote against the package during an upcoming Legco Finance Committee meeting.

Party chairman Wu Chi-wai said the third round of the anti-epidemic fund, unveiled on Tuesday to the tune of HK$24 billion, would not benefit those in need.

He pointed out that only HK$4.5 billion was earmarked for employees, and there was no direct subsidy for the unemployed.

Wu accused the government of ignoring his party's demands. "We suggest to have a new round of handout for all the people in Hong Kong, we suggest the setting up of an employment subsidies programme for those unemployed, and we also suggest the government to give money directly to SMEs."

The latest round of funding aims to benefit 23 industries hit hard by the outbreak.

The pro-government Federation of Trade Unions (FTU), meanwhile, highlighted the plight of workers during the epidemic.

It said a survey of nearly 1,500 people showed about 30 percent said they had no income amid Covid-19, and many others have had to take unpaid leave or suffered a drop in earnings.

An FTU member, Bill Tang, said the Commission on Poverty should focus on tackling unemployment, rather than meeting people's housing needs, on the way forward.

RECENT NEWS

South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance

South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more

Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong

Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more

China And UAE Ink Deal To Boost Cross-Border Payment Cooperation

China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more

Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025

The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more

Citigroup Lays Off 3,500 In China As Part Of Global Overhaul

Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more

Hong Kong Expands Crypto Market With Derivative Trading For Investors

Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more