Cosco Shipping Ports, a unit of state-owned giant Cosco Shipping, reported modest earnings growth for 2025, as management expects to expand in emerging markets amid rising geopolitical risks to global trade. Net profit rose 1.1 per cent to US$312.1 million, and revenue increased 11 per cent to US$1.67 billion, according to its 2025 results. Total…
Hong Kong’s education authorities plan to establish an “internationally benchmarked” version of the city’s university entrance exam on a pilot basis to allow foreign students to apply for admission to higher education institutions both locally and in mainland China. They revealed that technical explorations and studies with relevant bodies on developing the international version of…
Hong Kong authorities have proposed designated laws to streamline procedures for changing land use in the Northern Metropolis megaproject, cutting the process from typically nine months to just two. Unveiled by the Development Bureau on Tuesday, the proposed designated legislation comprises six main subsidiary laws designed to remove bottlenecks in the massive scheme near the…
Hong Kong travel agencies have suspended all tours to the Middle East this month, including those requiring flight transfers through the region, citing safety concerns amid the ongoing war. The announcement was issued on Monday evening, after renewed Iranian drone strikes targeted Dubai International Airport and other infrastructure in the United Arab Emirates, in retaliation…
As innovations arise from the artificial intelligence, robotics and biotechnology sectors, holders of family capital from around the world will convene in Hong Kong to discuss such investment opportunities at the city’s fourth annual Wealth for Good Summit on March 23 and 24. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the…
Hong Kong’s consumer watchdog has received more than 160 complaints after Taiwanese rock band Mayday cancelled one of its coming concerts at Kai Tak Sports Park and rescheduled it for later in the week, sparking frustration among fans. Alaina Shum Jiu-fai, chief executive of the Consumer Council, urged the organiser to respond promptly, adding that…
The head of Hong Kong’s oldest university has vowed to inject more resources into humanities programmes, praising them as a source of creativity and imagination, even as some institutions outside the city cut courses amid the rise of artificial intelligence (AI). Professor Xiang Zhang, president of the University of Hong Kong (HKU), made the pledge…
The Hong Kong Red Cross has raised HK$530 million (US$67.8 million) to provide emergency and long-term support to residents affected by the deadly Tai Po fire, with the NGO expecting all its relief and recovery efforts to be finished in five years. More than three months on from the Wang Fuk Court blaze that killed…
Hong Kong customs officers have discovered HK$230 million (US$29.4 million) worth of gold and silver hidden in two air cargo shipments of household cleaning machines destined for Japan, making the largest seizure of precious metals on record. Senior Investigator Ho Ting-chun of the Customs and Excise Department’s syndicate crimes investigation bureau said on Thursday officers…
Hong Kong’s retail sales rose 5.5 per cent year on year in January, with authorities crediting inbound tourism for supporting the sector. Provisional figures released by the Census and Statistics Department on Wednesday showed sales reached HK$37.3 billion (US$4.77 billion) in January, marking the ninth straight month of growth since May 2025, after 14 consecutive…