Supermarkets Urged To Give More Back To Society
"); jQuery("#212 h3").html("

"); });
2020-09-23 HKT 14:40
Hong Kong's two leading supermarkets have come in for more criticism despite offering vouchers and discounts to the public amid the coronavirus outbreak, with fresh complaints about what people see as high prices as well as the companies' failure to benefit the public upon receiving a government subsidy to save jobs.
Callers to the RTHK's Millennium programme on Wednesday said prices at the two major supermarkets, ParknShop and Wellcome, were higher than usual during the pandemic.
One caller pointed out that the price of cabbage was several times more expensive at the chains than at the wet market, and prices of rice and cooking oil were also higher than usual.
The two chains, which dominate the market, "make all the money", said another caller.
On Tuesday, ParknShop and Wellcome announced they will issue cash coupons worth millions of dollars to low-income households. They also unveiled another discount coupon plan, worth around HK$400 million, for the general public.
But lawmaker Vincent Cheng from the DAB, the city's biggest pro-Beijing party, said the plan of the retail chain owners to return to the people an amount equivalent to about 50 percent of the subsidy they'd received from the government was too small.
Cheng said they should give back at least 80 percent of the money they got from the government's job-retention scheme.
He said the supermarkets are still making a profit despite selling items at a discount.
Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++
Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more
Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce
Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more
Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more
Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors
Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more
Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin
Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more
Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs
Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more
