'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
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more