Hair Salons To Get Subsidy This Month At The Earliest

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

Related News Programmes

"); });

2022-03-01 HKT 10:47

Share this story

facebook

  • All salons and barber shops were ordered to close due to the latest coronavirus outbreak. Image: Shutterstock

    All salons and barber shops were ordered to close due to the latest coronavirus outbreak. Image: Shutterstock

The government says hair salons forced to close under Covid-19 restrictions can apply for a one-off subsidy from next Monday, and are set to receive the cash within the next month at the earliest.

Salons can get up to HK$50,000, depending on how many workers they employ.

The subsidy is capped at HK$1.5 million for a hair salon chain.

Online application will be open for two weeks, while those operated by social enterprises have to submit their applications via the Hong Kong Council of Social Service.

The government said HK$130 million has been earmarked for the scheme which will benefit around 4,200 premises.

Salons and barber shops were ordered to close early last month amid the surging wave of Covid infections. They will remain shuttered until at least late April.

RECENT NEWS

ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education

ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more

Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more

Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation

Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more

MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending

MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more

Why The $2 Trillion Stablecoin Prediction Is Too Low

McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more

RedotPay Eyes US IPO With Potential US$1 Billion Raise

RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more