Hong Kong will halve tolls for all commercial vehicles using public tunnels for two months from Sunday, in the government’s latest effort to ease business costs amid surging fuel prices driven by the war in the Middle East. Buses, goods vehicles, light buses and taxis registered with the Transport Department will benefit from the measure,…
The Asia-Pacific region’s commercial property investments surged in the first quarter, according to data tracked by analysts, as early signs of recovery in office and retail segments across Hong Kong and mainland China boosted deal volumes. Total investment in offices, retail spaces, industrial units, data centres, hotels, apartments, senior housing and other asset classes climbed…
WASHINGTON, May 12 (Reuters) – U.S. President Donald Trump said on Tuesday he will have a long talk with Chinese President Xi Jinping about the war in Iran during his upcoming trip to China, but added that he does not think he needs Xi’s help. “I don’t think we need any help with Iran. We’ll…
KYIV, May 11 (Reuters) – Nearly 20 countries are interested in drone deals with Ukraine and four agreements have already been signed, Ukrainian President Volodymyr Zelenskiy said on Monday. Since the outbreak of the Iran war in late February, Zelenskiy has managed to leverage Ukraine’s expertise in drone warfare into a series of successful diplomatic…
A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the…
By Nayera Abdallah, Elwely Elwelly and Idrees Ali DUBAI/WASHINGTON, May 11 (Reuters) – President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the U.S. floated an…
Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in…
About 100 ships registered in Hong Kong or locally managed or owned are stranded in the Strait of Hormuz along with an estimated 2,300 seafarers, an industry leader has said. Richard Hext, chairman of the Hong Kong Shipowners Association, told the South China Morning Post on Friday that it was very risky to sail vessels…
By Matt Spetalnick and Andrea Shalal WASHINGTON, May 9 (Reuters) – With his decision to pull some U.S. troops from Germany, his threats to draw down forces elsewhere in Europe and his downplaying of Iran’s recent attacks on an important Gulf partner, President Donald Trump’s latest moves foreshadow what could be the war’s enduring legacy:…
Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharges for passenger flights by as much as 12.9 per cent from May 16, after a series of increases that began in March. For long-haul flights, the surcharge will fall from HK$1,560 (US$199) to HK$1,362 per leg of the trip. The rate for medium-haul…