Asean nations – Charm

Jeffrey Lam has urged the government to proactively forge connections with alternative markets, particularly Central Asia and the 10-member economic bloc Asean. Photo: Nora Tam

Hong Kong firms face profit squeeze as US importers cut orders amid oil crisis

2 months ago02 mins

Some United States importers have cut orders and shifted to short-term contracts after the Middle East conflict triggered a global oil crisis, according to Hong Kong business leaders, who warned of eroding profit margins and strained liquidity. Jeffrey Lam Kin-fung, an Executive Council member and businessman, said on Sunday that the US-Israel war on Iran…

Hong Kong’s John Lee seeks closer ties in meeting with EU officials

Cs news11 months ago03 mins

Hong Kong’s leader has sought to deepen ties with the EU in a meeting with the bloc’s representatives, saying the city will remain a free port despite growing protectionism globally. Chief Executive John Lee Ka-chiu said on Wednesday that he had hosted a lunch attended by Harvey Rouse, head of the Office of the European…