Virus Closures Killing Economy, Zeman Warns

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

Related News Programmes

"); });

2020-12-16 HKT 08:50

Share this story

facebook

  • Allan Zeman says bars have lost 145 days of business due to the pandemic. File photo: RTHK

    Allan Zeman says bars have lost 145 days of business due to the pandemic. File photo: RTHK

Entrepreneur Allan Zeman has urged the government to rethink its "suppress and lift" strategy to fight the coronavirus pandemic, warning that venue closures are killing the SAR's economy.

The chairman of the Lan Kwai Fong Group told RTHK's Hong Kong Today that bars had so far lost 145 days of trade this year, and he agreed with restaurant trade leaders that HK$30 billion of government cash was needed in a new round of relief measures.

Restaurants have been barred from serving dine-in customers after 6pm since earlier this month while bars are among a range of businesses forced to close due to an upsurge in Covid-19 cases.

"The government's idea of suppress and lift, to me, just doesn't work," Zeman told RTHK's Mike Weeks. "I know they listened to the health experts and I agree they have to, but there has to be economic experts as well.

"There has to be a balance between both if you're to keep the economy alive, because we'll have the healthiest people but nobody's going to have a job.

"Our suggestion is that you let businesses open and then if there's a cluster in a restaurant or bar or a club of whatever close it down for a week, sanitise it and then put people back to work again and that way the economy can continue."

The government said on Tuesday it hoped to submit a funding request to the Legislative Council before Christmas for new relief for businesses affected by the latest round of closures.

RECENT NEWS

Treasury Secretary Grilled On Economic Figures And Foreign Policy. He Refrained From Directly Calling Ukraine An Ally.

Treasury Secretary Scott Bessent emphasized that prices would come down as soon as the Iran war ended, hailed Trump's ec... Read more

More Than Seven In Ten Americans Think The U.S. Is On The 'Wrong Track' Ahead Of The Midterms: Poll

The new poll also showed that Trump's approval rating had sunk to 34%, with more than half of respondents saying they "s... Read more

World Bank Encourages Developing Nations To Embrace 'Small' AI To Accelerate Economic Growth

Paschal Donohoe, the managing director and chief knowledge officer at the World Bank, said that so-called "small AI" cou... Read more

Ukraine Launches Large-Scale Drone Attack On Russia, Defies Trump's Demands To Leave Russian Energy Alone

Swarms of Ukrainian drones hit numerous targets in Russia, including an oil terminal, overnight despite Trump's repeated... Read more

Protests In France Are Becoming Increasingly Violent. Demonstrations Have Now Spread To Other European Countries.

The protests, which began as localized demonstrations against perceived neglect in the French education system, intensif... Read more

Trump Maintains Defiant Message In Kentucky Midterm Rally, Makes Dubious Claims About Republican Popularity

The president held a rally on Saturday in which he touted the supposed successes of his two terms in office, attacked hi... Read more