Post sponsored by NewzEngine.com

Source: Hong Kong Information Services

The Employment Support Scheme today published the list of the first batch of employers who have received wage subsidies.

The Government said it adopted a transparent approach to enable monitoring of the scheme by employees concerned and the community.

The list of the first batch of employers covers close to 25,500 employers who receive a total wage subsidy of $4.8 billion with a combined committed headcount exceeding 200,000.

In the first tranche of the scheme which closed on June 14, the Government received a total of 168,799 applications from employers, which accounts for about two-thirds of eligible employers.

It has disbursed a total of $11.4 billion to two batches of 59,500 employers in the past two weeks, involving a 490,000 committed headcount of employees.

Nearly all of the two batches of employers are micro, small or medium-sized enterprises with fewer than 50 employees.

Another list of employers will be published after the wage subsidies have been deposited into the designated bank accounts of the second batch of employers.

The Government added that it will expeditiously process the remaining applications and disburse the wage subsidies to successful employers as soon as possible.

MIL OSI Asia Pacific News