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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

10 DC oaths confirmed invalid

The Government today announced that the oaths taken by 10 District Council members on September 24 were invalid.   The oath-taking ceremony covered members of the Yau Tsim Mong, Sham Shui Po, Kowloon City, Wong Tai Sin and Kwun Tong district councils.   The oath administrator, Secretary for Home Affairs Caspar Tsui, determined the oaths taken by 45 of the 55 people were valid, but had questions about the validity of the 10 remaining oaths.   After considering the written replies from these 10 people and all relevant information, their oaths taken were confirmed invalid.   The decision is based on the principles laid down by the interpretation of Article 104 of the Basic Law by the Standing Committee of the National People's Congress and the relevant legal provisions.   The Government will hold the third oath-taking ceremony covering members from the North District, Tai Po, Sai Kung and the Sha Tin district councils at North Point Community Hall on October 4.   The oath-taking will be administered by Mr Tsui as the oath administrator authorised by the Chief Executive.
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