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Finding Jobs for the Young; Revitalising Historic Buildings Through Partnership; East Asian Games (20 Feb 2009)


Many Hong Kong students are gearing up for a job hunt within the next few months. And they will be looking for work in an economy that is not holding out much promise, indeed an economy where unemployment is continuing to rise. With about 150,000 local graduates expected to flood the labour market by the end of May, the government wants to stop the unemployment rate from skyrocketing. It's urging various chambers of commerce to encourage their members to take on graduates as interns. Under its one-year plan, it will pay a monthly $2,000 subsidy to local companies for each graduate hired as an intern within the territory and $3,000 for each graduate hired to work on the mainland. At a press conference on Tuesday the government announced the first batch of projects approved under the Development Bureau ’ s Revitalising Historic Buildings Through Partnership Scheme. Non-profit organizations bid for the right to preserve the structures, and put them to constructive use. Under the $500 million scheme, which includes a $483 million maintenance subsidy and a $10.93 million operational grant by the government, the winning bidders are expected to preserve historic sites, create economic benefits, and help to revitalise the local community. So when exactly are the Hong Kong 2009 East Asian Games? And which sports do they involve? Well, there are just 288 days to go, but if you ’ re a little in the dark about this, you may not be alone. There've been criticisms that promotion activities so far haven't exactly been comprehensive. But as ever the organisers say that all is going according to plan.

The Pulse
Publish Date: 
Friday, February 20, 2009
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