'Scrap Salary Cap For Jobless Subsidy'

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

"); });
2022-04-11 HKT 18:02
Unionists on Monday called on the government to allow people who used to earn more than HK$30,000 per month to apply for its jobless subsidy.
To be eligible for the one-off HK$10,000 subsidy, one must have worked for at least a month from October to December last year, earning between HK$2,700 and HK$30,000 per month.
Speaking at a virtual press conference, some affiliated groups of the Clerical and Professional Employees General Union said their members worked exceptionally hard when the pandemic situation was relatively stable last year, in order to make up for the lost income during previous waves of outbreaks.
Lee Yuet-man, the chairman of the Recreation and Sports Professionals General Union, said some coaches might have earned more than HK$30,000 during the specified period of time, but that didn’t mean they were well off.
“I know of coaches who were living on their credit cards… when they had the chance to earn money and pay off their debts, of course they would work hard,” he said.
Federation of Trade Unions lawmaker Kwok Wai-keung also called on officials to scrap the salary cap and extend the application period for the Temporary Unemployment Relief Scheme – which closes on Tuesday – to benefit more people.
The government said as of April 6, 360,000 people have signed up for the unemployment subsidy.
Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year
The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more
From Fishermans Son To Fintech Founder: How CapBay Grew RM 6,000 To RM 4 Billion
What started as a RM6,000 loan funded out of their own pockets has grown into over RM4 billion disbursed to more than 2... Read more
Ping An Launches EagleX Global Version For Real-Time Climate Risk Insights
Ping An Insurance (Group) Company of China, Ltd, announced that its subsidiary, Ping An Property & Casualty Insuran... Read more
FWD Resubmits Hong Kong IPO Application Amid Market Recovery
FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial p... Read more
Hong Kong Police Crush HK$118M Crypto Laundering Ring, 500 Mule Accounts
In a fresh crackdown on crypto-related crime in Hong Kong, the Hong Kong police arrested 12 individuals for running a c... Read more
Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security
Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more