'Govt Offer Is A Face Saving Ploy By Carrie Lam'

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

Related News Programmes

"); });

2019-01-18 HKT 11:05

Share this story

facebook

  • 'Govt offer is a face saving ploy by Carrie Lam'

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.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more