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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

$8.5m set for Henan flood victims

The Government today approved two funding applications totalling $8.519 million for Plan International Hong Kong and Amity Foundation, Hong Kong to help flood victims in Henan Province.   The money will be used to provide flour, rice, cooking oil and quilts for around 62,800 victims.   The Government said the Disaster Relief Fund Advisory Committee hopes the grants will facilitate the provision of timely aid to the victims and help them restore normal living.   To ensure the money is used properly, the two relief agencies will submit evaluation reports and audited accounts on the use of the grants after the relief projects have been completed.
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