Coronavirus: Hong Kong set out new HK$137.5bn relief plan, including employee salary subsidies and MTR fare cuts
The Hong Kong government has announced a new HK$80 billion subsidy package to help employers retain and pay staff members. The scheme is part of a HK$137.5 billion relief fund to aid citizens and business as the city’s economy is hit by the coronavirus outbreak.Chief Executive Carrie Lam said at a press conference on Wednesday that economic activity in Hong Kong has been widely affected by the pandemic, with some industries such as tourism and aviation facing a “complete halt.”Lam said the implementation of social distancing measures has also led to economic damage across different sectors. Wi...
Hong Kong Free Press