Democratic Party To Vote Against Covid Funding Plan
"); jQuery("#212 h3").html("

"); });
2020-09-17 HKT 15:41
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.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
