Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying…
By Puja Sharma Today APAC Fintech Central Bank of Oman Cross Border Payments As part of its ongoing pursuit of strategic growth and enhanced international presence, Sohar International has received approval from the Central Bank of Oman (CBO) to establish a representative office in Hong Kong, marking a milestone in the bank’s international growth journey…
The upcoming expiration of federal electric vehicle credits is reportedly fueling an automotive sales boom. It’s the end of an era for the United States car sector, The Wall Street Journal reported Monday (Sept. 1). Dealers have spent years selling electric cars but are now preparing for the federal government’s $7,500 tax credit for electric…
The Google Play store is updating its external offers program in the European Union to allow links to download developers’ own external apps and to let developers select ongoing service tiers. These changes will be available in the fall, Google said in a Tuesday (Aug. 19) post on a support page. The external offers program was introduced in March 2024….
The ChatGPT mobile app is reportedly earning more than six times as much revenue as it did last year. The artificial intelligence (AI) chatbot app for iOS and Android devices has made $1.35 billion this year, through July, up from the $174 million it made during the same seven-month period in 2024, TechCrunch reported Friday (Aug. 15), citing data from Appfigures. The second-ranked app…
“Digital Trade Masterclass” spotlights digital financing, e-bills of lading and retail supply chain management – The HKTDC continues to help SMEs seize digital trade opportunities by co-hosting with the ICC DSI a masterclass on technologies such as electronic bills of lading and blockchain. More than 200 SMEs took part.– Prof Frederick Ma, Chairman of the…
Vanuatu is seeking closer ties with Hong Kong to support its ambitions in digital finance and economic diversification as the South Pacific island nation positions itself as a gateway for collaboration between the Global South and Asia. The country is entering a new era of economic stability with a renewed focus on infrastructure, digital transformation…
Secretary for Labour and Welfare Chris Sun Yuk-han speaks during a pitch event co-organized by the Hong Kong Talent Engage (HKTE) and a local youth entrepreneurship organization in Germany, in Munich, Germany, on June 8, 2025. (PHOTO / HKSAR GOVERNMENT) Hong Kong employers expect a mixed hiring picture in the third quarter of 2025, according…