Govt To Pump Another HK$2bn A Year Into Education
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1383004_1_20180228181323.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1383004-20180228.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1383004-20180228.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-02-28 HKT 12:50
Financial Secretary Paul Chan on Wednesday said he planned to increase recurrent expenditure on education by another HK$2 billion, on top of the HK$5 billion already pledged by the Carrie Lam administration.
Chan said the extra spending will be aimed at achieving quality education, through enhancing the professional development of teachers, strengthening support for kindergartens, and supporting schools in enhancing the promotion of life-wide learning, or education in real-life settings.
Public schools will also be given HK$2 billion to install lifts to help make their campuses barrier-free.
HK$170 million will be spent on regularising a pilot scheme on promoting exchanges between schools in Hong Kong and the mainland, and more nurses will be provided for schools for children with disabilities.
There is also HK$800 million for the Gifted Education Fund in the coming financial year to enhance the development of gifted students, and another HK$800 million will be injected into the HKSAR Government Scholarship Fund to increase the number of scholarships starting from the 2019-2020 academic year.
To encourage more people to continue their studies, the subsidy ceiling of the Continuing Education Fund is to be doubled to HK$20,000 per applicant. The age limits for applicants will also be raised to 70, and the authorities will make it easier for people to apply.
Chan said around 610,000 people would benefit from the enhancements.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more