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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

20 green transport trials approved

The Environmental Protection Department today announced the approval of 20 applications for green transport trials under the New Energy Transport Fund.        They include the trials of 10 electric light goods vehicles, two electric tractors, nine single-decker electric buses and six electric motorcycles, involving a total subsidy of about $25.3 million.   The latest approval brings the total number of trials under the fund to 227, amounting to a subsidy of about $190 million.   Set up in 2011, the fund is open for applications from transport operators and charitable and non-profit making organisations providing transport services to clients.   Transport operators and organisations applying to try out green innovative technology products are subject to a maximum subsidy of $10 million for each application and a total of $12 million for each applicant.   Click here for details.
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