The war in Iran, culminating in the de facto closure of the Strait of Hormuz, has again exposed the world’s energy and maritime sector to acute vulnerabilities. The spike in oil prices and surging freight rates may grab headlines, but beneath these shocks lie fundamental questions about Asia’s – and Hong Kong’s – energy security,…
Demand for some regional holiday destinations among Hong Kong travellers has jumped by as much as 30 per cent ahead of Easter, as locals seek to avoid long-haul trips amid rising airfares and disrupted routes caused by the ongoing war in Iran, according to industry players. Travel agencies said the number of inquiries for trips…
For Hong Kong’s Topaz Family Office, investing in hotels in Japan holds up as a sound decision even as a Middle East war clouds the macroeconomic environment. The wealth manager has made Japan a central plank of its pivot into hospitality and real estate over the past two years, driven by a sharp post-pandemic tourism…
Hong Kong’s physiotherapy sector has urged the government to expand employment opportunities for locally trained professionals, warning that severe funding cuts will lead to a glut of practitioners, with the surplus projected to exceed 2,000 by 2040. In a letter to the authorities, the Hong Kong Physiotherapy Association pointed to hiring freezes and job losses…
Greater Bay Airlines will more than double its fuel surcharge on certain routes starting next week, becoming the last Hong Kong passenger carrier to raise prices amid the ongoing conflict in the Middle East. The airline announced on Friday that it would raise prices due to “surging fuel costs,” with the new surcharges taking effect…
Cathay Pacific Airways will nearly double its fuel surcharges from next Wednesday, following a similar move by another Hong Kong carrier amid rising fuel prices driven by the Iran war. Cathay’s move, announced on Thursday and applicable to tickets issued on or after March 18, came on the same day the higher fuel surcharge rate…
Hong Kong should step up education on Chinese history and culture while highlighting security threats to cultivate public awareness about the need to defend the country, experts have said, as the nation’s legislature is set to pass a law promoting ethnic unity. The expert’s comments came ahead of the closing session of the 14th National…
Hong Kong stocks rose on Wednesday as fears over surging oil prices eased and Chinese tech names rebounded after a deep rout. The Hang Seng Index gained 0.5 per cent to 26,028.00 as of 9.36am. The Hang Seng Tech Index edged up 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai…
Hong Kong Airlines will raise its fuel surcharges by up to 35.2 per cent from Thursday amid soaring oil prices driven by escalating conflict in the Middle East, becoming the first local carrier to do so. The airline announced on its website on Tuesday that fuel surcharges for tickets issued on or after March 12…
Hong Kong is not just China’s economic sandbox but also a driver of the country’s development, the finance chief has said, calling the city the nation’s international financial centre. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong must move swiftly to embrace artificial intelligence (AI) and “get empowered” in its use, as…