'Kindergartens Need More Govt Money To Survive'
"); jQuery("#212 h3").html("

"); });
2023-01-31 HKT 14:56
The Hong Kong Federation of Education Workers on Tuesday urged the government to increase the amount of money it gives in subsidies to kindergartens by between 20 and 40 percent.
Nancy Lam from the federation said many kindergartens are struggling financially because subsidies are calculated on the basis of how many children they have and the numbers enrolled have been falling.
"Many kindergartens are facing a loss of students because of the falling birth rate, the effects of the Covid-19 pandemic and emigration," she said.
"Our survey shows that they lost one-fourth of their students on average this year. We hope the government can recognise how serious this problem is."
Lam said that of the 229 kindergartens which responded to the federation's survey last December, 60 percent said they would cut down on staff now the government has stopped giving out a grant set up to help schools survive the pandemic.
The federation urged the government to provide additional subsidies to each school every year. It's also urging the authorities to relax rules on approving tuition fee increases by subsidised kindergartens.
_____________________________
Last updated: 2023-01-31 HKT 16:36
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more
