Hong Kong’s exports rose by nearly 43 per cent year on year in April, driven by strong global demand for artificial intelligence-related electronics, although the government warned that the Middle East war could cloud the near-term outlook. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports…
Hong Kong authorities will offer a subsidy of HK$0.50 per litre on liquefied petroleum gas (LPG) from this Sunday to July 30 to ease the pressure of soaring fuel prices caused by the Middle East war on local transport companies, which run more than 20,000 vehicles from taxis to minibuses and school buses. A Hong…
Customers of Hong Kong’s CLP Power are facing higher electricity bills in June, with the company increasing its fuel cost charge by 5.4 per cent from May, its third consecutive monthly rise. CLP Power, which serves more than 80 per cent of Hong Kong’s population, announced on Tuesday that its fuel cost adjustment for June…
Taiwan reports second Chinese ‘joint combat readiness patrol’ in a week, says its forces responded to the situation. Published On 26 May 202626 May 2026 Taiwan has said it is monitoring the second Chinese “joint combat readiness patrol” near the island in a week, accusing Beijing of being the sole source of instability in the…
Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches…
HSBC is targeting an increase in its Hong Kong client base to match the city’s population of 7.5 million, a goal to be driven mainly by international investors, according to its Hong Kong CEO Maggie Ng. Hong Kong has already seen almost 2 million new customers sign up to the HSBC Hong Kong office over…
Hong Kong private equity firm Templewater is eyeing investment opportunities in Central Asia’s real estate, energy transition and healthcare sectors, while positioning itself as a “superconnector” to channel capital from the Middle East into the emerging market. Cliff Zhang Kun, chairman of Templewater, also stressed the need for businesses to diversify their investments and shift…
Prime Minister Shehbaz Sharif says China and Pakistan are ‘iron brother’ countries. Published On 25 May 202625 May 2026 China’s President Xi Jinping has hailed Beijing’s “unbreakable” friendship with Pakistan as he met visiting Prime Minister Shehbaz Sharif, seeking to deepen their “all-weather” partnership. Pakistan is among an exclusive group of countries China regards as an…
China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz. With oil harder to access and Russian supply largely constrained by sanctions, Asian buyers are scrambling for crude from suppliers seen as safer…
Hong Kong’s airport is set for a shift in volume this summer after airlines quietly swapped jet sizes and reduced scheduled flights to manage costs amid a global fuel crisis and following a jump in economy passenger fares to Europe. Some airlines told the South China Morning Post they would operate all scheduled flights beyond…