Officials Prepare Subsidy For Affected Trades

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

Related News Programmes

"); });

2020-03-29 HKT 09:56

Share this story

facebook

  • The Chief Secretary Matthew Cheung. File photo: RTHK

    The Chief Secretary Matthew Cheung. File photo: RTHK

The Chief Secretary Matthew Cheung said on Sunday the government would launch a second round of subsidy under the Anti-epidemic Fund to help businesses that were impacted by the latest social-distancing measures.

Writing in his blog, Cheung said the subsidy would aim at protecting workers. But he did not give details.

New regulations introduced at midnight are limiting people to gatherings of no more than four. It is part of a wider push for social distancing that has also seen venues such as cinemas and gyms forced to close. Among the first to experience the changes were restaurants, which have had to separate customers and reduce capacities since six o'clock on Saturday.

There were calls from the bar and restaurant trades that the government should help pay wages.

Cheung also said the government would carry out measures to fight against the spread of Covid 19 vigorously. He said the number of arrivals dropped to about 4,000 on Friday when compared to almost 15,000 on Tuesday after the government further tightened border control.

RECENT NEWS

Chinese Regulator Approves Citis Plan For Its Own Securities Firm

Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more

HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned

HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more

Unlimit Joins Hong Kong Governments Strategic Enterprise Partners

Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more

Is Your Crypto Safe If Your Custodian Goes Bankrupt?

No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more

EleBank Opens First Physical Store In Hong Kong

Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more

Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition

Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more