Danny Lau Tat-pong – 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…

73% of Hong Kong, Greater Bay Area firms speeding up expansion into Asean: survey

4 months ago02 mins

Nearly three-quarters of enterprises from Hong Kong and Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and…