Secretary for Economy and Finance, Mr Leong Vai Tac, meets the press.
The establishment of the Business Incubation Centre for Youth could further facilitate young people in realising their dreams of setting up businesses and seize favourable opportunities in regional co-operation. Secretary for Economy and Finance, Mr Leong Vai Tac, who spoke to reporter after the plague-unveiling ceremony for the Centre on 18 June, said the Government had always given its best support to young entrepreneurs not only financially but also in providing resources such as business matching, information of the industries, and offering them places to work and meeting guests. The Centre is one of the Government’s approaches to enhance local employment environment, aimed at optimising the cross-departmental mechanisms for better business services; strengthen co-operation with non-government organisations for pilot projects for young entrepreneurs; provide administrative assistance and latest information of the sector; and optimise structure of departments and legislation. When asked, the Secretary re-iterated that the Government had always been prepared for the drop in revenue from gaming. If the drop reached a certain limit, the Government would introduce stricter measures for the use of public funds. But social welfare, services for the people’s livelihood, necessary public projects and the Wealth Partaking Scheme would not be affected. He said he estimated revenue from gaming this month would continue to follow the drop in the past few months, but experience from the past indicated that June figures would be lower, even in times of rises.