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1/23, 8:05 AM (Source: TeleTrader)
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Hong Kong's economy has shown flexibility, resilience - minister

Hong Kong's economy has always been "highly resilient and flexible" and the officials must make sure it remains so during and after the COVID-19 pandemic, the region's Financial Secretary Paul Chan wrote in a blog on Sunday.

Speaking on the island's new budget proposal, which will be unveiled on February 23, Chan noted that "while alleviating the impact of the epidemic, we must also focus on promoting economic development and improving people’s livelihoods." He also suggested the region's government should invest HK$10 billion, or United States $1.3 billion, in a new set of financial aid for workers.

His remarks come after Hong Kong Chief Executive Carrie Lam noted the island is unlikely to ease its restrictions aimed at curbing the spread of COVID-19 on February 4, which will be

Baha Breaking the News (BBN) / JR