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HK Govt Relief Measures for Covid-19

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  1. #51

    Join Date
    May 2015
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    472

    Thanks. None of my Google searches lead me to your link.

    Quote Originally Posted by shri:
    There is an apply now button...



    https://www.ess.gov.hk/en/

  2. #52

    Join Date
    Jul 2004
    Posts
    3,701

    Employee Support Scheme update...

    Wonder whats happening there with just around 50% of employers applied so far and the rest probably opting out!! Its a free money after all for those who were not planning to lay-off anyway so why opt out!!! Some soul-searching/conscience awakening phenonmen (Unlikely) or uncle Tung and CY led coalition forcing biggies not to apply!! For huge loss making businesses like Cathay, it makes sense not to apply but for the rest its baffling to know they want to keep flexibility to lay-off people in coming six months or dont want to re-hire already laid off (Indication of very poor business sentiment)..

    https://www.thestandard.com.hk/secti...-cash-handouts


  3. #53

    Join Date
    Dec 2013
    Location
    Hong Kong
    Posts
    10,706

    Well then there are all the small SP who can't apply because they don't pay MPF


  4. #54

    Join Date
    Dec 2002
    Location
    ???
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    32,749
    For huge loss making businesses like Cathay, it makes sense not to apply but for the rest its baffling to know they want to keep flexibility to lay-off people in coming six months or dont want to re-hire already laid off (Indication of very poor business sentiment)..
    Either David Webb or BigLychee/Hemlock had tweeted within hours of the ESS being announced that calls had gone out to top tier organisations - esp Banks - asking them not to apply. Webb even threatened to take action against public listed entities who would not take the subsidy.

  5. #55

    Join Date
    Dec 2002
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    ???
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    32,749

    Have seen reports indicating that employers are getting their SMS confirmations this week and payments will land in their accounts starting next week.


  6. #56

    Join Date
    May 2015
    Posts
    472

    Self employed with a sole proprietorship. No messages or anything thus far.


  7. #57

    Join Date
    Aug 2011
    Location
    Hong Kong
    Posts
    446

    I got my NET Contract payment from EDB today. 7.5K that the wife has already spent and working on hers and mine 10k next month.


  8. #58

    Join Date
    Jul 2004
    Posts
    3,701

    Some update on free money, cronysim and all among other diversions...

    An engineering company controlled by the husband of Hong Kong’s justice minister has received HK$24.7 million (US$3.2 million) in wage subsidies from the government’s coronavirus relief package.

    Jewellery chain Luk Fook Holdings Company was handed the largest sum of the second batch of successful applicants, HK$43.6 million for its 1,493 staff.
    https://www.scmp.com/news/hong-kong/...rolled-justice

  9. #59

    Join Date
    Jul 2004
    Posts
    3,701

    There are hardly 5000 transactions per month on average and these scumbags receive $115M subsidy for practically contributing to less than one transaction per month per employee and that too assuming no other agency exist in the city.. And the great Govt. sponsored ponzi scheme continues..

    Centaline Property Agency Limited with a headcount of 5,612 received the biggest wage subsidies totaling about HK$115.1 million.
    https://www.thestandard.com.hk/breaking-news/section/4/150378/Third-batch-of-wage-subsidies-released,-Centaline-Property-Agency-receives-HK$115m

  10. #60

    Join Date
    Mar 2020
    Posts
    47
    Quote Originally Posted by nivantj:
    There are hardly 5000 transactions per month on average and these scumbags receive $115M subsidy for practically contributing to less than one transaction per month per employee and that too assuming no other agency exist in the city.. And the great Govt. sponsored ponzi scheme continues..



    https://www.thestandard.com.hk/breaking-news/section/4/150378/Third-batch-of-wage-subsidies-released,-Centaline-Property-Agency-receives-HK$115m
    I believe what the CCP is trying to do is to get HK to deplete its surplus budget and treasury so that years down the line the HK government will be forced to use mainland banks to finance major projects and fall into their debt traps. So that's why they have thought of expensive projects like the HK Macau Zhuhai bridge and the most ridiculous plans like the Lantau Tomorrow Vision housing project. Then in the future they will say oh look HK's government and budget system doesn't work, it now needs to follow the mainland system for prosperity and growth.
    BCD and timonoj like this.

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