Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dangling from the blackened remains of Wang Fuk Court in Hong Kong this week, a broken patchwork of singed bamboo was testament to a centuries-old craft that may soon disappear. Hong Kong is one of…
Hong Kong residents and businesses are rushing to snap up safety equipment following the city’s worst fire in decades, which killed 128 and injured 79. The fire broke out on Wednesday in seven of eight residential buildings of Wang Fuk Court in Hong Kong’s northern Tai Po district, with the blaze largely put out on…
Even in these turbulent times, Hong Kong has reasons to count its blessings. I refer to the fundamentals of our global competitiveness, which will protect us from the fiercest storms of the current cycle of economic and geopolitical turmoil. We cannot be immune, given that many economies worldwide face challenges more severe than at any…
China and Hong Kong stocks ended the week higher, as investors kept favouring artificial intelligence-related shares while turning cautious with key benchmarks near multi-year highs. ** China’s blue-chip CSI300 Index 3399300 and the Shanghai Composite Index 000001 both closed up 0.3% on Friday. Hong Kong benchmark Hang Seng HSI was down 0.3%. ** Onshore AI…
Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July. Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock…
Residents had raised concerns about fire hazards posed by ongoing renovation works HK authorities said last year that mesh used by contractors met fire safety standards, though police have since raised fresh suspicions Residents had also complained about use of foam insulation and workers smoking near scaffolding HONG KONG/BEIJING/SINGAPORE, Nov 28 (Reuters) – Residents of…
Thick smoke and flames rise as a major fire engulfs several apartment blocks at the Wang Fuk Court residential estate in Hong Kong’s Tai Po district on Wednesday. Dozens of people were killed or were missing in the blaze. Yan Zhao/AFP via Getty Images hide caption toggle caption Yan Zhao/AFP via Getty Images HONG KONG…
The contractor behind renovation work at the site of Hong Kong’s worst fire in decades had previously breached safety requirements for construction projects on multiple occasions, the Post has found. Prestige Construction & Engineering Co Limited was convicted of two safety offences in a Mid-Levels project in November 2023, according to Labour Department records seen…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. What we know so far: 94 people, including a firefighter, have died 76 injured including 11 firefighters 25 calls for help remain unresolved…
Regal Hotels International will offer free lodging at a dozen of its hotels across Hong Kong to the victims of Wednesday’s Tai Po fire, as it joins other hoteliers and corporate donors in rushing to the aid of the city’s worst blaze in seven decades. The hotel will make 160 rooms freely available to those…