Hong Kong MTR Corp’s profit doubles to HK$15.77 billion driven by ridership, property

Hong Kong MTR Corp’s profit doubles to HK$15.77 billion driven by ridership, property

Hong Kong rail giant the MTR Corporation’s net profit doubled to HK$15.77 billion (US$2.03 billion) last year from HK$7.78 billion in 2023, its best performance in six years, driven by robust contributions from property development and strong demand for local and cross-border train services. It marked the firm’s strongest result since 2018 when it pulled…

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Chinese Military

China Makes Military Strides With High-Speed Rail

China’s military has pulled ahead of the rest of the world in terms of its high-speed rail capabilities, which include a network that spans the country and the world’s fastest train, the Shanghai Maglev, which travels 30 kilometers (about 18.6 miles) in 8 minutes. China’s high-speed rail network overshadows Japan, the inventor of ultrafast “bullet…

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Why China’s Southeast Asia belt and road push could give it edge in critical battleground

Why China’s Southeast Asia belt and road push could give it edge in critical battleground

Southeast Asia is playing an ever-growing part in China’s investment and diplomatic decisions, particularly as Beijing’s rivalry with Washington heats up. In the third of a four-part series on China’s ties with Asean, Orange Wang looks at how Beijing is using infrastructure to forge stronger links with the region. When Vietnam’s new top leader To…

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