Hong Kong launches new Covid-19 aid package of $177bn
The package includes a job security programme to subsidise 50% of wages for affected workers for six months
08 April 2020 - 14:36
Hong Kong — Hong Kong CEO Carrie Lam has announced a fresh stimulus package worth about HK$137.5bn ($17.7bn) to support the city’s deteriorating economy amid the coronavirus pandemic.
The spending package will include an HK$80bn job security programme to subsidise 50% of wages for affected workers for six months, Lam said in a press conference on Wednesday evening. Lam and other key officials will reduce their salaries 10% for one year...
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