'Support Needed To Keep Travel Industry Afloat'
"); jQuery("#212 h3").html("

"); });
2020-10-02 HKT 12:55
Representatives of the tourism sector are urging the government to open up travel with the mainland as well as other countries to help the industry to stay afloat.
Tourism sector lawmaker Yiu Si-wing told RTHK's Millennium programme that the government should open up the border with the mainland in a limited manner, cancel the 14-day quarantine arrangement, and roll out the “travel bubble” scheme with one or two countries.
He warns that the tourism sector could see layoffs and many companies closing down if the administration doesn't take action.
He said the hotel industry has enjoyed a rebound during this Mid-Autumn holiday,, with theme park hotels are fully booked up, and high-end hotels are enjoying up to 90 percent room occupancy.. But Yiu said he was concerned this wouldn’t last.
A representative of the overseas tourism sector echoed Yiu's proposals.
The Outbound Tour Operators' Association's chairman, Johnny So, told the same radio programme that it is not realistic to reopen the border only when there are no new Covid infections, saying the sector is already in deep trouble.
So said the government should first resume travel with the mainland and Macau, so other regions will be confident to do the same with Hong Kong.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
