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Hong Kong announces fresh relief measures of HK$2b to boost economy

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Published Tue, Oct 22, 2019 · 08:21 AM

[HONG KONG] Hong Kong Financial Secretary Paul Chan announced on Tuesday fresh relief measures of HK$2 billion (S$347.4 million) to support the economy as anti-government protests roil the Chinese-ruled city which is bracing for its first recession in a decade.

The move follows a HK$19.1 billion package in August to support the underprivileged and business enterprises as the government grapples with five months of protests that have battered the retail and tourism sectors. 

REUTERS

Recession

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