Hong Kong to spend $15.4 billion to stabilise virus-ravaged economy

Hong Kong to spend $15.4 billion to stabilise virus-ravaged economy

The Hindu

Hong Kong will introduce 120 billion Hong Kong dollars ($15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020. The measures — which include tax relief, loans for the unemployed and consumption vouchers — are aimed at stabilising the economy, Hong Kong Finance Minister Paul Chan said in a Budget speech on Feb. 24. He forecast the economy is set to grow 3.5% to 5.5% this year, compared to the economic contraction of 6.1% in 2020.
Read full story on The Hindu
Share this story on:-
More Related News
Pakistan’s Imran Khan gets bail in a graft case but will stay behind bars on other charges

Former Pakistan PM Imran Khan granted bail in graft case, but remains in prison with multiple charges pending.

A social media ban for children younger than 16 is introduced in Australia’s Parliament

Australia’s communications minister introduced a world-first law into Parliament to ban children younger than 16 from social media.

FBI arrests man charged with planning an attack on the New York Stock Exchange

Florida man arrested for plotting to bomb New York Stock Exchange to "reboot" U.S. government, detained for trial.

Apple urges judge to end U.S. smartphone monopoly case

Apple asked a federal judge to dismiss the U.S. Department of Justice’s antitrust case against the iPhone maker.

An overturning of Sri Lanka’s old political order Premium

The Sri Lankan parliamentary elections have, more or less, cleansed the 225-member Parliament, purging the country’s arrogant old guard

Trump chooses former acting Attorney General Matt Whitaker as NATO ambassador

Trump appoints Whitaker as NATO ambassador despite lack of foreign policy experience, raising concerns about U.S. representation within alliance.

Trump chooses former acting Attorney General Matt Whitaker as NATO ambassador

Trump appoints Whitaker as NATO ambassador despite lack of foreign policy experience, raising concerns about U.S. representation within alliance.

U.S. vetoes U.N. resolution demanding a ceasefire in Gaza

U.N. Security Council votes 14-1 for ceasefire resolution, U.S. veto prevents adoption due to hostage release demand.

Yunus government cancels passports of 22 veteran security and military officials

Bangladesh interim government cancels passports of 22 security officials under investigation for abductions during previous presidency.

U.S. decision on Ukraine missiles 'big mistake' that could 'escalate conflict': Erdogan

U.S. policy shift allowing Kyiv to use ATACMS missiles sparks furious response from Moscow, risking major war.

Taliban Govt clearing 'un-Islamic' books from Afghanistan shelves

Taliban authorities are removing "un-Islamic" and anti-government literature from circulation by checking imported books and distributing lists of banned titles.