Hong Kong – Rates of WFA to be raised from April 1 and one-off extra allowance for WFA recipients to be disbursed later (with photos)

Rates of WFA to be raised from April 1 and one-off extra allowance for WFA recipients to be disbursed later (with photos)

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     The Secretary for Labour and Welfare, Mr Chris Sun, today (March 29) said that the rates of allowance of the Working Family Allowance (WFA) Scheme will be increased starting from the next claim month, further alleviating the burden of grassroots working families, encouraging continuous self-reliance through full-time employment and incentivising more families to join the labour market.

     It was announced in the Policy Address last year that the rates of household and child allowances under the WFA Scheme will be increased by 15 per cent across the board with effect from the claim month of April 2024 (details at Annex), benefiting all households receiving WFA. Taking a four-person household with two eligible children as an example, the maximum monthly WFA they may receive will increase from the current amount of $4,200 to $4,830. Households submitting their WFA applications starting from May 2024 will benefit from the new rates of allowance.

     On the other hand, after the passage of the Appropriation Bill 2024 (the Bill), the Working Family Allowance Office (WFAO) of the Working Family and Student Financial Assistance Agency (WFSFAA) will disburse a one-off extra allowance to WFA recipients as proposed in the 2024-25 Budget. It is expected that the extra allowance will be disbursed one month after the passage of the Bill at the earliest.

     Households which made WFA applications during the applicable period that were eventually approved are eligible for the one-off extra allowance. The applicable period is from the first day of the month in which the Bill is passed by the Legislative Council to the date of passage of the Bill, and the six calendar months before that month. For applications submitted by post, the date of the post-stamp is adopted as the application date.

     In order to be eligible for the extra allowance, new applicants or previous WFA recipients who have yet to submit applications during the applicable period should submit their applications before the applicable period expires (i.e. on or before the date of passage of the Bill). The extra allowance is equal to one half of the average monthly allowance in approved months in a recipient’s most recently submitted WFA application, which was submitted within the applicable period and eventually approved. The amount varies from case to case.

     If a WFA household is receiving Comprehensive Social Security Assistance (CSSA) at the date of passage of the Bill, the household is eligible for only one single extra allowance, which will be calculated based on the higher amount the household is eligible to receive under the WFA Scheme or the CSSA Scheme. The rates of allowance of the WFA Scheme are determined on a monthly basis based on the household’s income and working hours. The claim period of an application covers the six calendar months immediately before the submission of the application, and an eligible household has to submit an application for every claim period.

     For enquiries, applicants may visit the website of the WFSFAA (www.wfsfaa.gov.hk) or call the 24-hour hotline (2558 3000) of the WFAO.

Ulti Arena raised $4 mln, launching their own Crypto Collectible Card Game

Recently UltiArena Technologies Pte. Ltd. (ultiarena.com) has announced that they achieved a new milestone.

Ulti Arena is a blockchain-based project that aims to revolutionize NFT gaming space with their products:

  • NFT Marketplace for game assets, where buyers and sellers can trade unique 2D/3D assets, music, sound, and UI/HUD elements,
  • Proof-of-Gaming, a gaming client allowing players to earn ULTI tokens when playing games such as DOTA2, LOL, CSGO, PUBG, Mobile Legends, and more,
  • Crypto Trading Card game, built in collaboration with Remote Control Productions and Frag Games.

Because of the pandemic and extra time due to remote work from home, the gaming industry is growing at an unprecedented pace. Ulti Arena raised over $4 million USD from retail investors and VC’s (Luna Capital, Panda Capital, Lucid Blue Ventures among others). According to Duke Vu, CEO & Founder of Ulti Arena “We believe that NFT’s will change the world of gaming as we know it. Imagine every game in the future to be made on Blockchain – you can transfer any existing game items from one to another. Assets can be traceable and also unique – artists and developers will have new ways to monetize their creations and see how they’re used”

On 12th of September 2021 at 1PM UTC, ULTI token will be listed on PancakeSwap, a Binance Smart Chain Decentralized Exchange. The token will also be listed on Cointiger and BitMart exchanges shortly after DEX listing.

About Ulti Arena

Ulti Arena is the first NFT Marketplace for Game Assets on Binance Smart Chain. By implementing NFT — Non-Fungible Tokens, Artists and Developers can easily track their digital assets usage on blockchain. It also creates new ways of earning: NFT’s can be sold as unique pieces of art that can’t be reproduced and there’s only one owner. Buyers can bid on one-of-a-kind game assets, UI or music.

Apart from catering to Game Artists and Developers, Gamers will also find something for themselves. At Ulti Arena, we’re striving to create a thriving community of Game Enthusiasts. An innovative Proof-of-Gaming concept will also provide a consensus mechanism for users to earn ULTI Tokens by just playing games. The longer they play, the more ULTI Tokens will be generated for that particular player.

We’re also launching our own Crypto Collectible Card Game together with FRAG Games and Remote Control Productions.

The #ULTI token will be launched on PancakeSwap on 12th September followed by major CEX launches. Visit Ulti Arena’s Website and Social Media to talk about our project.

Whitepaper | Team | Twitter | Telegram | Discord | Facebook | YouTube | Twitch

Social Links
Twitter: https://twitter.com/UltiArena
Facebook: https://www.facebook.com/ultiarenacom
Telegram: https://t.me/ultiarena
Discord: https://discord.gg/ultiarena
YouTube: https://www.youtube.com/c/UltiArena
Twitch: https://www.twitch.tv/ultiarena
Whitepaper: https://ultiarena.com/wp-content/uploads/2021/05/Ulti-Arena-Whitepaper.pdf

Media Contact
Company: UltiArena Technologies Pte. Ltd.
Contact: Duke Vu
E-mail: contact@ultiarena.com
Website: https://ultiarena.com/

SOURCE: UltiArena Technologies Pte. Ltd.


Topic: Press release summary