Hong Kong authorities are investigating whether a fire at a Kwai Chung car park that sent thick black smoke high into the sky on Tuesday afternoon was linked to the operation of an illegal fuel station. The Fire Services Department received a report shortly after 2pm of a truck ablaze at a car park on…
Hong Kong will continue its efforts to expand business opportunities in the Middle East despite recent geopolitical tensions, as the city remains a safe and stable investment hub amid global volatility, Chief Executive John Lee Ka-chiu has said. Despite his optimism, Lee conceded that the conflict in the Middle East had affected Hong Kong through…
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…
South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28,…
During the United States-Israeli war on Iran, Tehran has said the Strait of Hormuz is open to all except the US and its allies. One-fifth of the world’s oil shipments transit through the strait. On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that the…
Hong Kong’s Insurance Authority aims to increase transparency and the available range of medical insurance products to address rising costs, while also reviewing regulations with an eye towards attracting more international life-insurance buyers. “We would like to see the insurance companies introduce more medical insurance products that are more accessible and affordable for the general…
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…
The conflict in the Middle East could divert new capital to Hong Kong due to the city’s stability and regulatory certainty, the treasury minister has said, while pledging to keep markets operating smoothly amid energy price shocks caused by the war in Iran. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on…
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…
While hundreds of Hongkongers stranded in the Middle East have scrambled for flights home after the US-Israel war on Iran broke out, a devoted Christian from the city has chosen to stay, saying she has experienced far worse before. The outbreak of war was unsettling, but Gloria Mok Chong-ngar said she found a way to…