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Phase 2 mental health scheme set

Eligible organisations are invited to apply for funding support for the implementation of mental health projects under the second phase of the Mental Health Initiatives Funding Scheme.   Non-governmental organisations receiving recurrent subvention from the Social Welfare Department, Hong Kong Council of Social Service agency members and tertiary institutions registered under the laws of Hong Kong may submit proposals to the Advisory Committee on Mental Health by August 3 for funding support.   Priority will be accorded to projects that fall into one of the five specified service areas: support for carers, support for children and adolescents with special educational needs, strengthening of family relationship, support for the elderly with mental health needs, and support for bereavement and grief management.   The application assessment will be based on the proposal submitted, taking into account the project’s strength, impact, design and feasibility as well as the applicant org

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$494.5 billion in May from April’s US$490.6 billion, the Monetary Authority announced today.   The reserve assets represent about seven times the currency in circulation or 47% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts in May.
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