Care Fund To Make Share Plan
The Community Care Fund can help create a scheme to aid people not benefiting from the measures announced in the Budget.
Financial Secretary Paul Chan made the statement today in response to calls from political parties for more Budget sweeteners.
"At this stage, we still believe that through the caring and sharing scheme to be devised by the Community Care Fund, (it) would be a better method to cover those who might not be able to benefit from the sharing and caring measures in this Budget."
The fund will be acting as an agent to help the Government devise the scheme, he said, adding the money will come from the Government and not the fund.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more