NE NEWS SERVICE
HONG KONG, FEB 27
Hong Kong’s government is proposing a nearly $1,300 cash handout for each resident over18 years old to help alleviate hardships brought on by the spreading viral outbreak and prolonged political protests.
The downturn in tourism and business activity from the virus outbreak has compounded the troubles brought on by months of often violent protests last year. Among other measures, the government would provide 10,000 Hong Kong dollar ($1,283) subsidies to about 7 million Hong Kong residents over the age of 18, cut the salary tax by 100% up to $2,567, double the monthly allowance for low-income families, cut corporate taxes and electricity rates, and boost funding for the Trade Development Council, the arts, the Tourism Board and for public hospitals. Courtesy: REUTERS
