Many old age subsidy recipients to get payment boost

This year's policy address includes a boost for many recipients of the government's Old Age Living Allowance (OALA), with those currently missing out on a higher rate to get an extra HK$1,000 a month from the second half of next year. Chief Executive Carrie Lam announced that the "normal" and...

Suicide rates among older women, kids ‘worrying’

A University of Hong Kong researcher has expressed concern about the increasing trend of elderly women and those under 15 taking their own lives, even as the city's overall suicide rate dropped to its lowest in more than 20 years. Professor Paul Yip, who heads the university’s Centre for Suicide...

People get free rice after vaccination at mall

In yet another bid to boost Hong Kong's vaccination rate, people on Thursday got a free bag of rice when they took their Covid-19 jabs at Lok Fu Plaza under the government's outreach programme. The initiative was jointly organised by the government and Link REIT which owns the shopping mall....

Herd immunity now unachievable: microbiologists

Prominent microbiologist Yuen Kwok-yung and his team said on Wednesday that Hong Kong should maintain its zero-Covid strategy for the time being, while suggesting herd immunity is no longer achievable with the emergence of the Delta variant. In an article published in Ming Pao, Yuen and his team from the...

EQIFI Launches Suite of the Decentralized Financial Products Powered by a Global, Licenced Bank

Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for DeFi products, including fixed- and variable-rate products, interest rate swaps, and a yield aggregator Road Town, British Virgin Islands / SEAPRWire / August 05, 2021 / – EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies,...

Hong Kong reaches 50pc vaccination rate for first jab

The government on Thursday said Hong Kong had reached a 50 percent inoculation rate for the first Covid jab, while 38 percent had had both shots. Civil Service Secretary Patrick Nip, who's responsible for the vaccination drive, said more than 3.4 million people had now had their first dose. On...

Microbiologist says HK needs 90% vaccination rate

Top microbiologist Yuen Kwok-yung has warned that Hong Kong was not out of the woods yet despite going another day without any local infection, as he urged the public achieve a vaccination rate of more than 90 percent for social distancing measures to be further relaxed. Officials had earlier said...

Finance chief says jobless rate will drop further

Financial Secretary Paul Chan on Sunday said Hong Kong’s unemployment rate will drop below six percent – its lowest level in more than a year – as the city’s economic situation continues to improve. The jobless rate peaked at 7.2 percent at the beginning of the year but fell to...

Vaccination rate is encouraging, says health minister

Secretary for Health Sophia Chan said she was hopeful Hong Kong's Covid vaccination rate could rise to 50 percent, noting that daily inoculation figures recently reached new highs. "The figures have been encouraging," Chan said during an RTHK programme on Saturday. "We have administered more than 3.4 million doses after...

Hong Kong’s jobless rate falls to lowest in a year

Hong Kong's unemployment rate has dropped to its lowest level in a year, falling to six percent in the three months to the end of May, down from 6.4 percent. Government figures show the SAR's jobless rate has fallen gradually since reaching a 16-year peak of 7.2 percent for the...

Lawmakers rail against unvaccinated medical workers

Lawmakers on Friday complained to Health Secretary Sophia Chan about the low inoculation rate among medical workers, saying their reluctance to get vaccinated was “enraging” and describing the need for them to undergo regular tests instead as a waste of public money. Health officials had told the legislators that more...

HK$10.8m flat prize to boost flagging vaccine rate

Local property developers are putting up a flat worth nearly HK$11 million as the top prize in a lucky draw aimed at boosting the city’s dismal vaccination rate. The prize, a HK$10.8 million one-bedroom flat at the Sino Group’s Grand Central development in Kwun Tong, is being offered up by...

Hong Kong’s jobless rate falls to 6.4 percent

Hong Kong’s unemployment rate fell to 6.4 percent in April, with the city’s labour chief saying the containment of the Covid-19 epidemic here has helped improve the situation. The SAR’s jobless rate hit a 17-year high of 7.2 percent for the three-month period ending in February, but fell 0.4 percent...

FS says strong GDP growth won’t revive job market

Financial Secretary Paul Chan said on Wednesday that the GDP for the first quarter in the year will show "pretty strong growth", but warned that unemployment rate will probably remain high until cross-border travel resumes. A formal announcement on the growth figure will be made next week. Chan made his...

Jobless rate hits 7.2 percent, highest since 2004

2021-03-16 HKT 17:00" title="More than 260,000 people in Hong Kong are unemployed, according to latest official figure. Photo: Shutterstock"> More than 260,000 people in Hong Kong are unemployed, according to latest official figure. Photo: Shutterstock Candice Wong reports Hong Kong's unemployment rate has risen to its highest level since 2004...