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Welfare cases dip 0.2%

The overall Comprehensive Social Security Assistance caseload dropped by 459 cases to 199,941 in January, down 0.2% from December last year, the Social Welfare Department announced today.   The total number of recipients was 273,349.   Low-earnings cases registered a month-to-month reduction of 0.8% to 1,568. Unemployment cases fell 0.6% to 17,075.   Single parent cases dropped 0.5% to 20,385. Old age cases dipped 0.3% to 112,032.   Meanwhile, ill-health cases increased 0.3% to 27,817, and permanent disability cases remained steady at 17,164. http://dlvr.it/T32R7Z

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$494.5 billion in May from April’s US$490.6 billion, the Monetary Authority announced today.   The reserve assets represent about seven times the currency in circulation or 47% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts in May.
http://dlvr.it/S1DKPl

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