• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    IMF chief warns of ‘tough times’ if oil prices stay up

    Hormuz shipping muted as US blockade takes hold

    Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100,  Ranks #3 in Asia and #12 Worldwide

    Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100, Ranks #3 in Asia and #12 Worldwide

    vivo Launches X300 Ultra Globally: A Professional Creative Powerhouse Featuring ZEISS Master Lenses Collection

    vivo Launches X300 Ultra Globally: A Professional Creative Powerhouse Featuring ZEISS Master Lenses Collection

    vivo Unveils X300 FE: Bringing ZEISS Super Telephoto Camera to a Compact Design

    vivo Unveils X300 FE: Bringing ZEISS Super Telephoto Camera to a Compact Design

    Artilux Announces Inception™: A Hybrid Optoelectronic Architecture for the Next-Generation AI Computing

    Artilux Announces Inception™: A Hybrid Optoelectronic Architecture for the Next-Generation AI Computing

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    KFC China and BYD Launch Strategic Partnership to Enhance In-Car Dining Experience

    Xiaomi Launches Next-Generation SU7 and AI Models in Ambitious Push for Smart Mobility

    PwC Report Finds Financial Institutions in Hong Kong and Mainland China Embrace AI for Strategic Transformation

    Kuse AI’s Viral Campaign Sparks Debate Over Aggressive Monetization and Data Security

    Xiaomi Unveils Flagship Smartphones, Leitzphone, and Vision GT Concept Car at Global Launch

    AGTech Partners with Hong Kong Gold Exchange to Develop One-Stop Precious Metals Trading Platform

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    IMF chief warns of ‘tough times’ if oil prices stay up

    Hormuz shipping muted as US blockade takes hold

    Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100,  Ranks #3 in Asia and #12 Worldwide

    Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100, Ranks #3 in Asia and #12 Worldwide

    vivo Launches X300 Ultra Globally: A Professional Creative Powerhouse Featuring ZEISS Master Lenses Collection

    vivo Launches X300 Ultra Globally: A Professional Creative Powerhouse Featuring ZEISS Master Lenses Collection

    vivo Unveils X300 FE: Bringing ZEISS Super Telephoto Camera to a Compact Design

    vivo Unveils X300 FE: Bringing ZEISS Super Telephoto Camera to a Compact Design

    Artilux Announces Inception™: A Hybrid Optoelectronic Architecture for the Next-Generation AI Computing

    Artilux Announces Inception™: A Hybrid Optoelectronic Architecture for the Next-Generation AI Computing

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    KFC China and BYD Launch Strategic Partnership to Enhance In-Car Dining Experience

    Xiaomi Launches Next-Generation SU7 and AI Models in Ambitious Push for Smart Mobility

    PwC Report Finds Financial Institutions in Hong Kong and Mainland China Embrace AI for Strategic Transformation

    Kuse AI’s Viral Campaign Sparks Debate Over Aggressive Monetization and Data Security

    Xiaomi Unveils Flagship Smartphones, Leitzphone, and Vision GT Concept Car at Global Launch

    AGTech Partners with Hong Kong Gold Exchange to Develop One-Stop Precious Metals Trading Platform

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home News

‘Govt will support NGOs amid funding cuts’

Purton by Purton
5 March 2025
in News
0
‘Govt will support NGOs amid funding cuts’
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
Labour and welfare minister Chris Sun on Wednesday said the government would help NGOs save costs by streamlining administrative procedures amid funding cuts due to the fiscal deficit.

Sun said the government would help shoulder a four percent reduction for 121 small-and-medium sized NGOs, meaning they would only face a three percent funding cut by the 2027-28 financial year.

However, for the 58 large NGOs receiving over HK$50 million in government funding annually, Sun said they would have to bear the seven percent cuts on their own.

Speaking after an RTHK radio programme on Wednesday, Sun said the government would give larger NGOs more time to hold onto their financial reserves, so they could make better use of their resources through these “difficult years”.

He also said the government would give these NGOs more flexibility, and help them save costs by streamlining procedures such as reporting on how they used their funds.

“I’m pretty confident after the meeting on Monday that we are more or less on the same page, so we are working together while we’re facing a budget cut,” Sun said.

“But at the same time, because of the more flexible use of reserves and also the efforts we are making to provide more room for them to make better use of their resources, we should be able to deal with it together,” he added.

Tags: Hong Konglocal
Purton

Purton

Read More

‘Accountability system can help solve problems’

19 April 2026

‘Progress in US-Iran talks but deal not in sight’

19 April 2026
  • Trending
  • Comments
  • Latest

HK stocks rise as Shanghai snaps weekly losing streak

10 April 2026

Nearly 500 people affected by WSD data leak

10 April 2026

Frasers Hospitality Launches $140 Million Multi-City Asset Enhancement Plan

13 April 2026

Security stepped up at hospitals in wake of data leak

9 April 2026

Real Madrid great Santamaria dies at 96

15 April 2026

IMF chief warns of ‘tough times’ if oil prices stay up

15 April 2026

Hormuz shipping muted as US blockade takes hold

15 April 2026
Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100,  Ranks #3 in Asia and #12 Worldwide

Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100, Ranks #3 in Asia and #12 Worldwide

15 April 2026

Recent News

Real Madrid great Santamaria dies at 96

15 April 2026

IMF chief warns of ‘tough times’ if oil prices stay up

15 April 2026

Hormuz shipping muted as US blockade takes hold

15 April 2026
Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100,  Ranks #3 in Asia and #12 Worldwide

Shanghai’s INS LAND Crowned China’s Best Club in DJ Mag’s Top 100, Ranks #3 in Asia and #12 Worldwide

15 April 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com