The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and weaker bond returns weighed on performance, the Hong Kong Monetary Authority (HKMA) said on Tuesday. Earnings stood at HK$134.7 billion (US$17.17 billion), down from the record half-year…
(From left) Vivian Tang, executive director of Wai Yuen Tong Medicine Company Limited; Jacky Chung, associate executive director of Hong Kong Trade Development Council (HKTDC); Bruce Pang, director of research at HKTDC; and Edmond Yung, managing director at ProFone (Hong Kong) Ltd, pose for a group photo at a press conference for the third Hong…
A top Hong Kong transport official has pledged to step up efforts to help the city’s premium taxi fleets recruit drivers, conceding that the number of vehicles on the road remains about one-third below target a year after the scheme was launched. As the five taxi fleets offering premium service marked a year of operations…
A Hong Kong man known on the internet as “Mr Ho” has died, a week after receiving a two-month prison sentence for stabbing his wife. A source told the South China Morning Post on Tuesday that Ho Huen, 79, had died in a public hospital a day earlier. Ronson Chan Ron-sing, former chairman of the…
Hong Kong authorities should revamp their public inquiry hotline to better handle residents’ complaints by learning from Beijing’s model, lawmakers have told the chief executive at the first “rules-free and warm-hearted” closed-door dialogue session. While the current Legislative Council term marks the first since the 1997 handover not to hold any formal question and answer…
The owner of a Hong Kong private tutorial centre that ceased operations has been jailed for six years and four months for molesting five boys on the premises and filming some of the offences. The High Court on Tuesday sentenced Yu Hey-tsit for the “despicable and repulsive” acts he committed at the Prime Solid Learning…
Holding a by-election to fill a seat vacated by former lawmaker William Wong Kam-fai after he resigned over a drink-driving arrest is a lower priority than preparing for three important polls over the next 18 months, Hong Kong’s leader has said. Weighing in on the issue for the first time nearly a month after Wong’s…
Hongkonger Ms Lam has long known she is carrying a ticking time bomb after her mother and grandmother died of liver cancer. Her mother was completely asymptomatic until a late-stage diagnosis left no option for surgery. “I knew I carried the hepatitis B virus when I was in my twenties and had since then undergone…
Hong Kong’s first large-scale Northern Metropolis land disposal tender was designed to test a new public-private partnership model integrating housing, economic transformation and innovation. As the Hung Shui Kiu pilot tender concludes, the market’s response provides insights into investor sentiment and highlights opportunities to strengthen future phases. The key question is how to turn this…
The Hong Kong Observatory issued an amber rainstorm warning on Tuesday morning, warning of unsettled weather over the next few days. The amber warning, issued at 7.15am, means that more than 30mm of rain has fallen in an hour, or is expected to fall generally over Hong Kong and is likely to continue. “Showers will…