Money the great panacea

Certain civil servants could receive financial aid from the government

The Macao Foundation is disbursing MOP1.35 billion (US$167.49 million) from the public coffers to support residents impacted by Typhoon Hato on Wednesday.
Au Weng Chi, member of the administrative committee of the Macau Foundation, reported yesterday during the press conference at Government Headquarters with the Chief Executive and other officials that a series of compensatory measures would be introduced, including offering MOP30,000 to those who lost family members to the typhoon.
Local residents injured on Wednesday when the typhoon struck and the day after could receive maximum MOP30,000 in medical support funds.
The Foundation further offers funding of up to MOP30,000 to residents who had their residential properties impacted by flooding or suffered from broken windows.
Residents applying for the aforementioned funding - medical support and affected residential properties - have a deadline of August 31 to register for the aid.
With the severe impact created by the suspension of electricity and water supply, Au also announced that MOP2,000 will be offered to affected households by way of subsidy, with MOP1,000 each for electricity and water fee, respectively.
Given the great shortage of water supply in the city, the Foundation has had some 100,000 waterbottles delivered to service points and buildings in support of residents in need of potable water.
“We will continue to collect more water until the supply in the city resumes normal service,” said Au.

Financial support for low wage civil servants
Secretary for Administrative and Justice Sonia Chan Hoi Fan said civil servants on lower wages affected by the typhoon could apply for one-time financial support.
She further reported that civil servants will resume work according to the conditions of their department, in particular with regard to the supply of electricity and water.
She replied to press enquiries that ensuring fundamental public services is necessary, observing that the quality of service could be affected if basic operations cannot be achieved in departments.

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Insurance sector estimates city loss at MOP1 billion-plus
Some 40 bank branches were still shut yesterday owing to the impact of Typhoon Hato, said Ip Sio Kai, Chairman of the Macau Association of Banks, local broadcaster TDM reported.
Sio revealed during the meeting with a member of Macao Monetary Authority, Chan Sau San, that over 100 ATMs were also affected but the supply of cash is not affected.
Jiang Yidao, President of the Macau Insurers Association and Managing Director of China Taiping Insurance (Macau) Company Ltd., estimated that the city has lost over MOP1 billion due to the typhoon, saying that the insurance industry will face a great challenge ahead, in particular the number of personnel required to handle claims.