HK Electric customers are set to fork out more for their energy bills next month after the Hong Kong firm announced a 20.4 per cent rise in its fuel surcharge as the ongoing war in the Middle East contributed to volatile oil prices. The energy provider, which mainly serves Hong Kong Island and Lamma Island,…
Three tankers carrying crude exited the Strait of Hormuz last week and on Sunday with trackers switched off to avoid Iranian attacks, shipping data from Kpler and LSEG showed on Monday, underscoring a rising trend to sustain Middle East oil exports. A cargo ship unloads imported crude oil at the Qingdao crude oil terminal in…
Hong Kong will step up efforts to bolster its global standing and strengthen links between mainland China and the West, enabling the city to better serve as a ‘superconnector’ and ‘super value adder’ for the nation amid growing geopolitical complexities, the financial chief has said. Financial Secretary Paul Chan Mo-po wrote in his weekly blog…