India: Hong Kong to give big cash handouts as economy reels from virus
Hong Kong, Feb 26 (AFP/PTI) Hong Kong's government on Wednesday said it will give a HK 10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start a recession-hit economy now compounded by the coronavirus outbreak.
Financial Secretary Paul Chan unveiled the cash gift in an annual budget, committing 120 billion to help alleviate the worst economic downtown the international financial hub has faced in a decade.