Govt Moots Supermarket Discounts In Lieu Of Subsidy

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

Related News Programmes

"); });

2020-08-18 HKT 18:00

Share this story

facebook

  • Govt moots supermarket discounts in lieu of subsidy

The Labour and Welfare Secretary, Law Chi-kwong, said the government has decided to go ahead and grant wage subsidies to supermarket chains Wellcome and ParkNshop, as well as big property management firms, even though it's obvious that they are not as badly hit by the recent economic downturn as other businesses.

Speaking at a press conference, he said as it will take time to ascertain the impact of the pandemic on these big companies.

Instead, Law said, the government would ask the supermarkets to offer discounts to NGOs or low income people, and ask property management firms to share at least 80 percent of the subsidies with owners or owners' corporations which engage their service.

“The employment support scheme is to help the employers to help the community, in particular employment,” said Law.

“But there are definitely companies who obtained these subsidies, they are not seriously affected. So there is some need for them to … sort of, pay back to the community.”

“So we design some very special procedures for these two sectors,” said the labour chief.

RECENT NEWS

Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++

Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more

Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce

Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more

Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more

Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors

Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more

Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more

Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs

Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more