Hong Kong will roll out short-term subsidies and fee waivers to ease pressures on the transport sector grappling with oil price fluctuations, the South China Morning Post has learned.<\/p>\n
A government insider said on Thursday that the support was expected to be introduced as part of relief measures under a task force set to be established to respond to the Middle East conflict and the global energy crisis.<\/p>\n
The news followed a meeting among senior officials in the morning, during which they discussed strategies and possible measures to tackle the impact of the energy crisis on local industries, triggered by the US-Israeli war with Iran.<\/p>\n
\u201cThe war has not ended despite the ceasefire announcement, and the oil price is still hovering around US$100 a barrel,\u201d the insider said.<\/p>\n
\u201cSome relief measures for the transport sector, especially those relating to essential services in Hong Kong, are being considered.\u201d<\/p>\n
The details of the relief measures that are set to be handed out in the form of subsidies and waivers will be announced later in the day.<\/p>\n
\u201cThe measures will last for a short period of time, having considered the prudent use of public money,\u201d the insider added.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong will roll out short-term subsidies and fee waivers to ease pressures on the transport sector grappling…\n","protected":false},"author":2,"featured_media":382725,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[33437,114,184,3448,85,87,46,88,47,2252,5959,1032,182820],"class_list":{"0":"post-382724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beirut","9":"tag-business","10":"tag-economy","11":"tag-hong-kong","12":"tag-il","13":"tag-iran","14":"tag-israel","15":"tag-lebanon","16":"tag-middle-east","17":"tag-singapore","18":"tag-south-china-morning-post","19":"tag-united-states","20":"tag-us-israeli-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/382724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=382724"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/382724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/382725"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=382724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=382724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=382724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}