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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

Fishing vessel subsidy set

The Government will provide an $80,000 subsidy under the Anti-epidemic Fund to eligible owners of each fishing vessel or fish collector vessel with Mainland deckhands.   The Agriculture, Fisheries & Conservation Department today said the Government decided to provide further financial relief to those owners as local fishing vessels and fish collector vessels with Mainland deckhands are still affected by the COVID-19 pandemic in resuming operation.   About 1,700 eligible vessels are expected to benefit from the subsidy.   Applications for the subsidy will open on November 1 and the deadline is February 28, 2023. Details and forms will be available later on the department’s website.   It will also send application details to the trade via letters, SMS and fishermen organisations, and provide assistance as appropriate.   Call 9308 5022 or 9308 5012 for enquiries.
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