A personalised car number plate featuring the letter “H” has fetched HK$20 million (US$2.55 million) at a government auction, the fourth-most-expensive one sold in Hong Kong at 4,000 times its reserve price. Other high bids at Sunday’s Chinese New Year auction of vehicle registration marks included the plates “30” at HK$4.55 million, “101” at HK$1.01…
A subsidiary of state-owned conglomerate China Resources (Holdings) has acquired a Hong Kong hotel and plans to convert it into student housing amid a wave of investments driven by rising demand after the city raised the cap on non-local students. CR Longdation signed an agreement to buy four-star hotel Hotel Cozi Oasis in Kwai Chung,…
More than 40,000 Hong Kong taxi drivers have registered to accept Octopus payments, ahead of an electronic payment mandate that will take effect next month, with a sector representative urging authorities to exercise discretion during the initial phase of the roll-out. On April 1, all cabbies will be required to offer at least two electronic…
The Hong Kong government is prepared for greater global market volatility and risks, as well as increased trade costs and shifting commodity prices, caused by the joint US–Israel attack against Iran, according to the city’s finance chief. Shortly after Iranian state media confirmed that supreme leader Ayatollah Ali Khamenei was killed in the attacks, Financial…
A joint US-Israeli attack on Iran forced airlines to cancel or delay at least 27 flights from Hong Kong to destinations in the Middle East on Sunday, leaving travellers stranded at the city’s airport. Hundreds of passengers packed Hong Kong International Airport on Sunday morning to inquire about the suspended departures, primarily to Riyadh in…
At least five Hong Kong universities have backed the government’s proposal to launch study tours aimed at attracting non-local secondary students to pursue higher education in the city, with programmes featuring topics such as AI. The University of Hong Kong (HKU), the city’s oldest tertiary institution, said it would offer up to 35 programmes this…
Hong Kong sees itself as a modern, well-governed, global city that moves with the times. On finance, education, legal services and logistics, that self-image holds. But when considering the green transition, particularly transport electrification, the gap between rhetoric and reality is increasingly hard to ignore. Nowhere is this more evident than in electrifying the taxi…
Hong Kong’s struggling office landlords are ramping up efforts to convert their assets into co-working spaces and student accommodation in a bid to adapt to intense competition and the flight to quality, according to analysts. With some 3.5 million sq ft of new premium office space expected to be completed this year and next, on…
Some anxious residents of fire-ravaged Wang Fuk Court have urged Hong Kong authorities to help them climb stairs using makeshift aids when they return to their high-rise homes to collect personal belongings next month. Some lawmakers also proposed on Saturday that the government deploy wearable walking robots, stair-climbing trolleys or wheelchairs to assist elderly residents…
Hong Kong authorities have issued a fresh warning against travel to Iran, while at least nine flights to the Middle East from the city have been cancelled or delayed following a joint US-Israeli attack on the country. The warning was issued in response to the United States and Israel launching major air strikes on targets…