No Subsidies For 140,000 Self-employed People
"); jQuery("#212 h3").html("

"); });
2020-06-25 HKT 19:57
More than half of all applications by freelancers and casual workers for a HK$7,500 coronavirus handout have been rejected by the government – because they did not comply with stringent eligibility requirements.
A government spokesman revealed on Thursday that around 140,000 of 259,860 applications received have been rejected “due to ineligibility.”
The one-off handout was part of the Government’s HK$137.5 billion relief package announced in April, and was aimed at helping self-employed people who were struggling to deal with the economic devastation caused by the coronavirus pandemic.
But the plan has been widely criticised for its many requirements that many freelancers say they don’t meet.
Under the Employment Support Scheme, applicants must have an active Mandatory Provident Fund (MPF) account especially for ‘self-employed persons’ (SEP) as of March 31.
Casual workers who have other types of MPF accounts, or set up after March 31 are ineligible.
A government spokesman said most of the applicants did not meet the requirements.
"Applications for one-off lump-sum subsidy are denied mostly because they were based on an employee MPF account or a personal account created after termination of previous self-employment instead of a dedicated self-employed persons MPF account, or the relevant self-employed persons MPF accounts had already been terminated as of March 31,” he said.
The government says according to information provided by the MPF Authority, there are about 215,000 self-employed workers who are eligible for the subsidy.
However, only 74,000 successful applications have been processed so far, involving a total sum of HK$560 million.
Another 40,000 applications are being processed ‘expeditiously’.
Treasury Secretary Grilled On Economic Figures And Foreign Policy. He Refrained From Directly Calling Ukraine An Ally.
Treasury Secretary Scott Bessent emphasized that prices would come down as soon as the Iran war ended, hailed Trump's ec... Read more
More Than Seven In Ten Americans Think The U.S. Is On The 'Wrong Track' Ahead Of The Midterms: Poll
The new poll also showed that Trump's approval rating had sunk to 34%, with more than half of respondents saying they "s... Read more
World Bank Encourages Developing Nations To Embrace 'Small' AI To Accelerate Economic Growth
Paschal Donohoe, the managing director and chief knowledge officer at the World Bank, said that so-called "small AI" cou... Read more
Ukraine Launches Large-Scale Drone Attack On Russia, Defies Trump's Demands To Leave Russian Energy Alone
Swarms of Ukrainian drones hit numerous targets in Russia, including an oil terminal, overnight despite Trump's repeated... Read more
Protests In France Are Becoming Increasingly Violent. Demonstrations Have Now Spread To Other European Countries.
The protests, which began as localized demonstrations against perceived neglect in the French education system, intensif... Read more
Trump Maintains Defiant Message In Kentucky Midterm Rally, Makes Dubious Claims About Republican Popularity
The president held a rally on Saturday in which he touted the supposed successes of his two terms in office, attacked hi... Read more
