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Thu, Apr 24, 2003 - Page 12 News List

Hong Kong plans US$1.5 billion in aid

SARS FIASCO The financial crisis caused by the viral outbreak will be alleviated by loan guarantees to protect jobs and will help small, struggling businesses survive

BLOOMBERG , HONG KONG

In the hotel and leisure industries, which have been worst-affected by the outbreak of the disease, the city will provide HK$3.5 billion in loans to pay salaries and protect jobs. The government also plans to create 21,500 temporary jobs and waive license fees for the transportation sector for a year.

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