Hong Kong has signed two milestone memorandums of understanding with partners in the Greater Bay Area to harmonise standards and commercialise advanced aerial technology as the city accelerates its integration into national development plans. Deputy Financial Secretary Michael Wong Wai-lun said on Thursday the cross-border pacts would combine the production and testing capabilities of the…
Some Hong Kong employment and travel companies have warned that air traffic in Jakarta could continue to face disruptions even after the Indonesian capital’s international airport reopened following a volcanic eruption that spewed ash into the sky, as airlines work through a backlog. GLC (Manado) Employment Service founder and director Chu Shek-yin told the South…
By Saurabh Sharma and Aftab Ahmed NEW DELHI, Aug 24 (Reuters) – Chinese President Xi Jinping is likely to attend next month’s BRICS summit in New Delhi with a large delegation, three sources said, in what would be his first visit in seven years and a fresh sign of a thaw between the rivals. India…
When a South Korean firm pulled the plug on a multibillion-dollar investment last year, it was a major blow to Indonesia’s plans to build an integrated battery-manufacturing ecosystem – until a group of Chinese companies stepped into the breach. Project Titan aims to tap Indonesia’s vast nickel reserves in East Halmahera – the epicentre for…
An earthquake of magnitude 6.9 struck Northern Sumatra, Indonesia, on Saturday, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 158 km (98.18 miles). The quake was at a depth of 158 km (98.18 miles). (Representational) The epicentre was located at Pematangsiantar, about 126 kilometres (78 miles) southeast of…
More than 90 per cent of mainland Chinese enterprises plan to expand overseas within the next two years, with over 80 per cent aiming to use Hong Kong as their launch pad into Southeast Asia, a survey has found. The research findings, published by the Trade Development Council on Wednesday, indicate that mainland firms are…
When Zhou Yuxiang, founder and CEO of Shanghai-headquartered Black Lake Technologies, wanted to sell his artificial intelligence (AI) automation solutions to millions of family-run factories across China, he came up with an unconventional strategy: hiring food delivery workers to make sales. His entire sales team, hired from various industrial cities, survived a gruelling five-day boot…
Henderson Land Development co-chairman and managing director Peter Lee Ka-kit’s family office has fast-tracked its plans in Central Asia, where rich agricultural and natural resources could trigger more than US$1 billion in investments in green energy. Alan Chan Ying-lung, managing partner of family office Full Vision Capital, told the South China Morning Post that the…
Hong Kong should serve as a hub for the commercialisation of artificial intelligence and as a strategic base for mainland Chinese AI companies expanding overseas, the city’s finance chief has said, while noting the risks and challenges of the technology. Financial Secretary Paul Chan Mo-po’s comments followed a speech on Friday by Chinese President Xi…
Rescuers on Saturday evening found five survivors, including a 7-year-old girl, from a passenger boat that sank earlier in the week in eastern Indonesia waters and were searching for 20 other people still missing. The Makassar Search and Rescue Office previously reported that the boat was carrying 74 people when it departed from Jampea Island,…