'Subsidise Sectors Affected By Anti-Covid Measures'

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

Related News Programmes

"); });

2022-01-09 HKT 12:41

Share this story

facebook

  • 'Subsidise sectors affected by anti-Covid measures'

Lawmakers have called on the government to provide subsidies to businesses and workers hit by anti-epidemic measures, in order to tide them over the Chinese New Year.

The Liberal Party's Tommy Cheung told a Commercial Radio programme on Sunday that he expects the catering sector to lose business worth more than HK$5 billion due to tighter social distancing restrictions, while noting that other businesses, like gyms and beauty parlours, are also taking a hit.

Cheung said the authorities should offer "huge" financial assistance to restaurants according to the floor area of their premises.

"I would assume without government subsidies, quite a large number of restaurants will be closing... Not only that, if [tightened social distancing measures] last more than the current 14 days, the number will be even higher," he said.

The lawmaker added that a government-guaranteed loan scheme, which provides a maximum loan of HK$6 million per company, should also be beefed up to ensure a steady cash flow for enterprises.

Meanwhile, Federation of Trade Unions legislator Bill Tang told the same programme that the authorities need to give money directly to workers.

"We estimate that around 800,000 working [people] are affected," he said.

"From the experience in 2020, there are so many disputes among the worker and their employer. There were many complaint cases that the employer got the allowance but did not share it with the employee."

Tang said it is important to give workers a lifeline as social distancing measures may not be relaxed again anytime soon.

The authorities banned dine-in services at restaurants after 6pm, and ordered the closure of various types of businesses, including bars, gyms and theme parks, for at least two weeks starting last Friday, in a bid to curb an expanding fifth wave of Covid infections.

RECENT NEWS

HK Police And Regional Partners Arrest Over 1,800 In Cross-Border Scam Crackdown

In a major cross-border crackdown, Hong Kong police and law enforcement agencies from six countries and regions arreste... Read more

Tiger Brokers To Double Hong Kong Team As It Targets Offshore Chinese Wealth

Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chines... Read more

Behind The Unicorn: The Startup Struggles You Dont See Ft. Tessa Wijaya, Xendit

In this episode of Fintech Fireside Asia, I sit down with Tessa Wijaya, Co-founder and COO of Xendit, one of Southeast ... Read more

SFC Updates Guidance To Non-Face-to-Face Account Opening

The Securities and Futures Commission (SFC) has updated its guidance on acceptable non-face-to-face (NFTF) account open... Read more

NTTs Mobile Arm Set To Acquire SBI Sumishin Net Bank In US$5.1 Billion Deal

NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumi... Read more

Visa Click To Pay Goes Live In Hong Kong Via ZA Bank

Visa, a digital payments provider, has announced a partnership with ZA Bank to roll out Click to Pay in Hong Kong today... Read more