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Cash allowance scheme set

(To watch the full press conference with sign language interpretation, click here.)   The Government will launch a three-year Cash Allowance Trial Scheme in late June to alleviate the livelihood difficulties faced by grassroots families who have been waiting for public rental housing for a long time.   At a press conference this afternoon, Permanent Secretary for Transport & Housing (Housing)/Director of Housing Agnes Wong said the cash allowance is not a rent subsidy and the recipients are not required to use it to pay for rent.   “This is purely to relieve their financial pressure while waiting for public rental housing.      “We aim to send out around 90,000 application forms to the eligible applicants by the end of this month. We urge them to complete the form and return it to us as soon as possible.”   The cash allowance amount is determined by the number of people in a public rental housing application who meet all eligibility criteria.   Along with other criteria

April exports value up 24.4%

The value of Hong Kong's total goods exports increased to $384.9 billion in April, up 24.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 25.2% to $416.7 billion for the same period.   A trade deficit of $31.8 billion, or 7.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of exports rose 14.5%, while that of imports increased 8.6%.   The value of total merchandise trade for the first four months of the year was way higher than the previous high recorded in the same period in 2018, reflecting vibrant trading activities amid a sharp rebound in external demand, the Government said.   Looking ahead, the sustained revival of the global economy should continue to render support to Hong Kong's export performance in the near term.   However, the evolving pandemic situation and other risk factors such as China-US relations and geopolitical tensions still warrant attention, it added.
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