Hong Kong will implement part of its revised HK$2 (26 US cents) transport fare scheme in April of next year, five months ahead of schedule, a minister has said, with the move expected to save authorities HK$260 million. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that the public transport subsidy scheme…
Stock markets continue to fuel global economic foreboding following President Donald Trump’s sweeping tariffs on the United States’ trading partners. All eyes yesterday were on mainland and Hong Kong markets that had been closed for a long weekend since Trump’s announcement. The Hang Seng Index closed down 3,021 points or 13.22 per cent, the biggest…
Lawmakers have questioned the need to create three more positions in the office of Hong Kong’s leader amid the budget deficit, but an official has stressed the roles will support a “new culture” of better informing the public about policies. The planned recruitment involved two information officers and a driver, who will cost taxpayers HK$2.66…
Hong Kong authorities have warned the public over a scam that uses a deepfake video of the finance chief touting a new government investment opportunity, saying police have already launched an investigation. In the faked TV news clip, Financial Secretary Paul Chan Mo-po tells an interviewer about a rare opportunity available to investors who get…
Hong Kong’s homebuyers are likely to snap up 2,500 new flats in March, on track to deliver the best sales month in a year to developers, as a stock market rally and a cut in stamp duty spurred transactions. Kerry Properties on Thursday put 133 units at the Hava residential project in Yuen Long for…
Hong Kong will soon announce guidelines on the development and application of artificial intelligence (AI), the city’s innovation chief has said. Secretary for Innovation, Technology and Industry Sun Dong revealed the move on Sunday after last week saying more than 70 government departments would use a locally developed ChatGPT-style AI tool powered by DeepSeek’s data…
Hong Kong’s finance chief has crossed swords with lawmakers over the decision to axe a HK$2,500 (US$320) grant given annually to nearly 800,000 students, with the legislator for the educational functional constituency refuting the government’s claims the sector had been consulted over the move. At least four lawmakers expressed disapproval over the decision to scrap…
Hong Kong authorities can only apply a new pricing model for the HK$2 (25 US cent) transport fare scheme by September of next year because they need time to organise updates, checks and tests covering 17,000 Octopus card readers on vehicles and ferries, the welfare chief has said. Secretary for Labour and Welfare Chris Sun…
Hong Kong’s finance chief has crossed swords with lawmakers over the decision to axe a HK$2,500 (US$320) grant given annually to nearly 800,000 students, with the legislator for the educational functional constituency refuting the government’s claims the sector had been consulted over the move. At least four lawmakers expressed disapproval over the decision to scrap…
Hong Kong, SAR–(Newsfile Corp. – February 27, 2025) – Hong Kong SAR’s Financial Secretary Paul Chan delivered his 2025-26 Budget yesterday (February 26), with a clear path and initiatives to rein in the deficit, while accelerating the city’s development and maintaining its competitive edge of a low and simple tax regime. “The key is managing…