Hong Kong government is ready to announce a new stimulus package of more than 30 billion HKD (3.87 billion USD) to help enterprises in difficulty because of the coronavirus pandemic.

The financial aid package will cover companies that have so far been deprived of support measures, including those related to school services, such as providing school buses and sports coaches, the publication said. Nine types of businesses covered by the latest social distance measures, including movie theaters, gyms, and karaoke lounges, will also receive assistance as well as companies in the tourism industry.

Prices for public rail tickets will also be temporarily reduced, the publication said.

At a news conference on Tuesday, the head of the autonomous city, Carrie Lam, said she had “heard very clearly” the calls from businesses to help save jobs. The Hong Kong government is under pressure to support an economy that is already in recession after months of anti-government protests and further pressure from coronavirus control measures.

Earlier, the government announced a 30 billion HKD anti-epidemic fund and a 120 billion HKD stimulus package to this year’s budget, which includes the distribution of 10,000 HKD to all residents of the city, ages 18 and older.

The payment of these funds will start around the third quarter or even later, as the government expects to approve the spending. Authorities plan to launch financial aid registrations in July and make payments during the summer holidays.