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…
When people picture Hong Kong, they often imagine a relentless concrete jungle – a vertical city where glass and steel dominate the skyline. Yet a quiet revolution is beginning to reshape how our city develops. Last week, the Civil Engineering and Development Department and Agriculture, Fisheries and Conservation Department jointly launched the Hong Kong Nature-based…
United States President Donald Trump has said “many countries” will dispatch warships to keep the Strait of Hormuz open, without offering details about which states are on board. This comes as the waterway that carries a fifth of global oil and liquefied natural gas remains effectively closed on the 15th day of the US and…
Hong Kong authorities are coordinating with local airlines to increase direct flight and transfer capacity, turning the challenges posed by the US-Israel war on Iran into opportunities, the transport minister has said. Secretary for Transport and Logistics Mable Chan also said the ongoing Middle East turmoil had deeply disrupted global trade and aviation networks, underscoring…
Hong Kong should move beyond a “city-centred” approach that merely seeks Beijing’s policy support and instead take steps to align with national priorities by advancing the internationalisation of the yuan and supporting mainland Chinese enterprises’ global expansion, observers have said as this year’s “two sessions” came to a close. With the annual political gathering ending…