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Hong Kong multinational firms cover quarantine costs – SCMP

Restaurant groups and investment banks said they forked out millions of dollars on quarantine costs in 2021 so their staff could visit their families


Hong Kong
A man walks past buildings at a business district in Hong Kong in late 2019. Photo: Kim Kyung-Hoon, Reuters.

 

Some multinational firms in Hong Kong will continue to cover the quarantine costs of employees with overseas families in hopes of retaining talent in a city with possibly the most stringent Covid-19 entry restrictions in the world, the South China Morning Post reported.

Restaurant groups and investment banks interviewed by the Post said they forked out millions of dollars on quarantine costs in 2021 so their staff could visit their families.

Read the full report: South China Morning Post

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

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