'Govt Offer Is A Face Saving Ploy By Carrie Lam'
"); jQuery("#212 h3").html("
"); });
2019-01-18 HKT 11:05
Labour Party legislator Fernando Cheung on Friday dismissed a compromise formula on CSSA payments reportedly being offered by the government as a face-saving move by Chief Executive Carrie Lam which won't actually benefit the elderly.
The government, which has been under fire from lawmakers on all sides for changing the eligibility age for the payments to 65, has reportedly offered an extra HK$1,000 per month for 60 to 64-year-olds if they prove they can't find work.
Lam came under fire when she rejected calls by lawmakers not to implement the change, saying it was Legco which passed the rule. This angered the legislators across the party lines.
The Chief Executive is tipped to announce the compromise offer on Friday.
Cheung said the reported new offer is away to escape from the mistake the administration has made.
"This is a face-saving measure rather than a real service to the people in need," the opposition lawmaker said.
He said he hoped Lam would come out and say the government is postponing the measure for a few years and start some pilot projects that can eventually replace CSSA.
The age change from 60 to 65 for eligibility is to become effective from February.
How Core Modernisation Is Paving The Way For Invisible Banking
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s deman... Read more
ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year
ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past yea... Read more
Elon Musk Impersonated In Suspected Quantum AI Crypto Fraud
The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity know... Read more
Why Hong Kong Is Primed For A Crypto ETF Breakthrough
In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds ... Read more
MixCare Health And Pacific Prime Collaborate On Digital Health Platform
MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an internatio... Read more
Mox Bank Revenue Triples In 2023 Driven By New Services And Customer Growth
Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and l... Read more