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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

Welfare cases down 0.2%

The overall Comprehensive Social Security Assistance caseload dropped to 216,442 in January, down 0.2% from last December, the Social Welfare Department announced today.   The total number of recipients stood at 305,358.   Low-earnings cases remained steady at 2,216. Single parent cases and old age cases each dropped 0.4% to 23,678 and 123,667 respectively.   Unemployment cases decreased 0.2% to 18,453 compared with last month, although it represents an increase of about 46.6% compared with January 2020 when Hong Kong just started to fight against the COVID-19 pandemic.   The average number of applications for unemployment cases in November 2021 to January 2022 was 479 per month, representing a slight increase of 2.1% from the October to December 2021 figure.   Ill-health cases increased 0.3% to 26,980, while the number of permanent disability cases was down 0.1%, recording 17,499 cases.
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