Spread The Wealth Around, FTU's Mak Urges
 
                                            
                    "); jQuery("#212 h3").html("

"); });
2018-02-19 HKT 12:21
A pro-government lawmaker is calling for a cash handout of at least HK$6,000 for Hong Kong people, ahead of the government's budget next week.
Speaking on an RTHK programme on Monday, Alice Mak, from the Federation of Trade Unions says with a massive surplus of up to HK$140 billion, the government shouldn't just leave the money sitting in public coffers.
Other estimates have suggested that the government surplus could be HK$160 billion or even more, adding to the pressure on the Financial Secretary, Paul Chan, who delivers the budget on February 28.
However, Mak's suggestion was opposed by the Civic Party's Kwok Ka-ki.
Speaking on the same RTHK programme, Kwok urged the government to boost its tax refunds by up to 75 percent for people earning under HK$30,000 a month.
The financial secretary has sought to dampen hopes of a large-scale handouts.
On Saturday, Chan said he planned to use the huge surplus on a "targeted basis", which was seen as a strong hint that he did not plan cash handouts.
Jean-Louis Tse Appointed CEO Of FinTech Association Of Hong Kong
The FinTech Association of Hong Kong (FTAHK) has appointed Jean-Louis Tse as its new CEO. Jean-Louis brings over 20 yea... Read more
XTransfer To Present Compliance And SME Solutions At Hong Kong Fintech Week
XTransfer will participate in Hong Kong Fintech Week 2025 as the event’s Official Fintech Partner. This marks the sec... Read more
Hang Seng E-HKD Pilots Reveal Gains In SME Cash Flow And Efficiency
Hang Seng Bank has completed two use cases in Phase 2 of the e-HKD Pilot Programme under the Hong Kong Monetary Authori... Read more
FundPark Raises US$71M After Surpassing US$6B In ECommerce Financing
FundPark, a Hong Kong-based technology company providing financing solutions for eCommerce businesses, has raised US$71... Read more
Hang Seng Bank Launches “JustPay” With Voice Recording Payment Feature
Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.... Read more
How To Build An AI First Bank | Malaysia Banking CxO Roundtable
AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this round... Read more
 
                                                                                             
                                                                                    

