HK unveils US$17.7bil package to save jobs


Hong Kong leader Carrie Lam(pic) also pledged to take a pay cut of 10% for a year and said the government would pay 50% of workers’ salaries for six months, with the monthly subsidy for each worker capped at HK$9,000.

HONG KONG: Hong Kong announced relief measures worth HK$137.5bil (US$17.7bil) to help businesses and people crippled by the coronavirus outbreak to stay afloat, as the city joins global efforts to cushion the impact of the pandemic.

Hong Kong leader Carrie Lam also pledged to take a pay cut of 10% for a year and said the government would pay 50% of workers’ salaries for six months, with the monthly subsidy for each worker capped at HK$9,000.

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