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July 4, 2026
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CLP to raise fuel cost adjustment next month, first increase in more than a year

    CLP to raise fuel cost adjustment next month, first increase in more than a year

    3 months ago02 mins

    CLP Power, Hong Kong’s largest electricity supplier, will raise its fuel cost adjustment (FCA) next month – the first increase in more than a year – citing changes in actual fuel prices. Starting from April 1, the FCA will rise from 39.2 HK cents to 39.8 HK cents per kilowatt-hour, an increase of 0.6 HK…

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    Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

      Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

      5 months ago02 mins

      The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after obtaining a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier. The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the…

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