#FailedState #TransferofInterest
HK Government Skips Tendering and Awards Bank of China as Sole Partner to Payout $10,000 cash Allowance to Low-income New Immigrants
The Community Care Fund (#CCF) announced on September 21, 2020 the launch of the One-off Allowance for New Immigrants from Low-income Families Programme, with an aim to help them "adapt to community and to help ease the load of the immediate financial pressure".
Announcing the details at a media briefing, the Chairperson of the CCF Task Force, Dr Law Chi-kwong, said that the CCF has set aside around HK$2,131.04 million to kickstart the programme, and an estimation of 203,000 new immigrants will benefit from it.
Separately, Law stated that Bank of China Hong Kong (#BOCHK) was appointed as the sole agent bank of the project to disburse cash allowance within 8 weeks. He claimed that skipping the formal tendering process was to "shorten the processing time".
Source: InMedia; RTHK #Sept21
https://bit.ly/3kBRSDG
#NewImmigrants #NoTender
HK Government Skips Tendering and Awards Bank of China as Sole Partner to Payout $10,000 cash Allowance to Low-income New Immigrants
The Community Care Fund (#CCF) announced on September 21, 2020 the launch of the One-off Allowance for New Immigrants from Low-income Families Programme, with an aim to help them "adapt to community and to help ease the load of the immediate financial pressure".
Announcing the details at a media briefing, the Chairperson of the CCF Task Force, Dr Law Chi-kwong, said that the CCF has set aside around HK$2,131.04 million to kickstart the programme, and an estimation of 203,000 new immigrants will benefit from it.
Separately, Law stated that Bank of China Hong Kong (#BOCHK) was appointed as the sole agent bank of the project to disburse cash allowance within 8 weeks. He claimed that skipping the formal tendering process was to "shorten the processing time".
Source: InMedia; RTHK #Sept21
https://bit.ly/3kBRSDG
#NewImmigrants #NoTender