HK Electric will cut fuel surcharges for customers in May but has warned that costs could rise significantly later in the year due to the impact of the conflict in the Middle East. The company said on Friday that its fuel clause charge for May would fall by 4.4 HK cents per kilowatt-hour to 26…
The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property…
Futu Securities is the latest non-food and beverage retailer to sell coffee and other drinks in one of its outlets in Hong Kong as the online stock brokerage adapts to its clients’ lifestyle, according to a spokesman. Futu Café was officially launched on Thursday at the Futu Store on Lee Garden Road, Causeway Bay, close…
Hong Kong’s largest public hospital will open to patients in phases from October, with the new 2,400-bed facility in Kai Tak set to take over the services of Queen Elizabeth Hospital and become a healthcare hub for Kowloon. The Hospital Authority said on Friday that the first phase of services at Kai Tak Hospital, located…
The Hong Kong government must ensure its massive HK$1.8 billion (US$229.8 million) subsidy for diesel to mitigate record-high oil prices for the transport sector is not exploited by fuel companies through discount manipulations, an industry leader and a lawmaker have cautioned. Their warnings came shortly after authorities announced a two-month, HK$3-per-litre (38 US cents) diesel…
Hong Kong bus company boss Martin Lau feels overwhelmed as he attempts every option possible to minimise mounting losses wrought by runaway fuel prices. He has done everything he can think of, from trying to reduce services to doing his own repairs on his fleet of more than 20 coaches. Lau, managing director of ABC…
A technical fault in the interconnection between Hong Kong’s two power providers caused a brief voltage dip on Thursday, resulting in around 90 reports of people trapped in lifts within a 30-minute window. The Fire Services Department said it received about 90 reports of lift entrapments on Hong Kong Island between 9.23am and 9.53am, across…
Hong Kong’s MTR Corporation extended the time needed for its in-town check-in service to 120 minutes from 90 minutes on Sunday evening, after a signalling equipment malfunction disrupted travel on the Airport Express and Tung Chung lines The rail operator said at 7.10pm that a signalling fault near a depot at Siu Ho Wan on…
The HK$2 (US$0.26) transport fare scheme for the elderly is one of Hong Kong’s most socially significant success stories. But some of the recent changes, and further ones contemplated, seem to be rowing in a different direction. We need to pause and take stock before we inadvertently undo some of our good work. In the…
These articles were first published on April 8, 1966. Quiet day explodes into violence by SCMP reporter After a quiet but tense day, Kowloon and New Kowloon last night were again in the grip of riotous mobs, who roamed the streets of Mong Kok and Yau Ma Tei uncontrolled, stoning buses and cars, setting fires…