When it comes to bad prognostication, no one can beat Fortune, which came up with the mother of all “Hong Kong is doomed” narratives. In June 1995, the magazine ran its infamous “The Death of Hong Kong” cover story, predicting its demise following the 1997 handover to China. Stephen Roach, veteran China watcher and former…
As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost…
A Hong Kong court has ruled in favour of embattled conglomerate Evergrande in a debt-recovery case, allowing it to recoup about HK$6 billion (US$764.7 million) from a third party after a judge found the borrower’s arguments against enforcement of the loan were “fabricated”. In a High Court judgment handed down on Friday and seen by…
Hong Kong authorities have defended the city’s childhood vaccination programme after the United States scaled back its immunisation recommendations, stressing that public health policies should not be “arbitrarily altered”. The Centre for Health Protection (CHP) said on Tuesday that all public health policies and medical recommendations had to be based on scientific evidence. “Vaccination schedules…
TVB City has room for a few server racks (Image: Dragages) Fund manager Gaw Capital Partners is planning to to build an AI hub in Hong Kong’s Sai Kung district through a joint venture with local broadcaster Television Broadcasts Limited (TVB), according to an announcement on Monday. The partners have signed a heads of agreement…
Baptist University has said it is reviewing the security of its information technology (IT) systems after a ransomware group claimed online to have illegally accessed the Hong Kong institution’s data. The allegations were made by “The Gentlemen”, an advanced cybercrime group that first appeared in the middle of last year. Cybersecurity monitoring platforms reported that…
The Hong Kong Transport Department (TD) has announced that it has issued a pilot licence for autonomous vehicles (AVs) that will enable the introduction of a brand-new AV trial between Hong Kong West Kowloon Station of the Express Rail Link (XRL) and Kowloon Station of the Airport Express. The trial will involve four private cars…
Power supply and air-conditioning disruptions across parts of Hong Kong have left residents sweltering in the extreme heat, with outages occurring at a housing estate, an office building and even a funeral home. In Yuen Long, about 2,400 households in Shui Pin Wai Estate and the surrounding area were left without power after an underground…
Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating…
Parents can submit online consent forms from Monday for their children’s seasonal flu vaccinations under a school outreach programme, with Hong Kong authorities seeking to simplify procedures. The Centre for Health Protection said on Tuesday that a digital consent system would be introduced on the eHealth mobile application – the city’s electronic health record platform…