|Li Ka-shing foundation unveils HK$100m funds for hawkers|
The Li Ka-shing foundation has released HK$100 million to help licensed hawkers and travel sector businesses across the city, who have been affected by ongoing protests.
Successful applicants will be eligible for a HK$5,000 grant offered by the foundation headed by the much-revered tycoon.
Li had earlier announced that he plans to donate HK$1 billion to help small-to-medium sized businesses struggling to recover from months of political and economic unrest.
Last month, the foundation allocated HK$200 million to help the catering industry, saying local eateries bore brunt of the downturn due to protests and clashes on the streets.
The foundation said that licensed hawkers can start submitting online application for the subsidy from Tuesday. In the latest phase, it's distributing aid to hawkers and companies in the travel industry with fewer than 50 people.
An eligible company can get as much as HK$50,000 as grant.
It said the application period ends this Sunday and the money can be allocated by mid-December.
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