Hong Kong office tenants pay the second-highest costs in the world for prime space, behind only tenants in London’s West End, according to research by property consultancy Savills. Office space in Hong Kong cost an estimated US$228 per square foot per year including rent and fit-out costs, according to the study, which tracked prime offices…
Hong Kong’s hosting of elite sports events has accelerated with the opening of the new Kai Tak Sports Park last month. Fans are enjoying new opportunities to cheer on their heroes. But these star-studded events should also inspire the community to participate in sport. The city must make the most of events open to competitors…
Hong Kong is the second-most friendly city to cryptocurrencies in the world, according to a new report by migration platform Multipolitan, which highlights the market as a hub for attracting industry wealth, talent and innovation. The city ranked just behind Ljubljana, capital of Slovenia, in the Crypto Friendly Cities Index, released on Thursday as part…
Sweeping lay-offs by the US Department of Government Efficiency have reportedly eliminated over 275,000 federal jobs and displaced skilled professionals in academia and the sciences, intensifying global talent competition. Faced with uncertainty, many are now seeking opportunities abroad. This has created a space for other countries and regions to step in, utilising flexible immigration policies,…
Hong Kong’s e-commerce operators are exploring new markets and delaying major business decisions in light of US tariffs, industry players have said. One industry body said e-commerce firms could look towards expanding their operations in traditional markets when diversifying their business, while also exploring emerging ones in Southeast Asia, as well as Central and South…
The world’s biggest container shipping line, MSC, is also likely to become the largest port operator across the globe if it succeeds in taking control of 41 facilities from Hong Kong’s CK Hutchison Holdings, further reducing the number of firms running terminals, industry experts have said. Geneva-based MSC, which is the first container carrier to…
Donald Trump says the US will strike a “very good” trade deal with China, as both countries remain locked in a tariff war. Several Asian countries have started negotiations with the US over his levy policy but despite facing the highest tariffs China has not. A White House website page states that some Chinese goods…
The Hong Kong government plans to raise the fixed HK$320 (US$41) penalty for illegal parking to HK$400, while fines for speeding and other more severe traffic offences will increase by about 50 per cent, the Post has learned. A source said on Wednesday that the fee review, part of a bigger strategy announced earlier to…
I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile agreed to acquire a 15.5 per cent holding in HKBN from buyout…
The completion of Chinese-sponsored upgrades to a naval base in Cambodia is part of Beijing’s bigger plan to break maritime chokepoints and de-risk supply chains, according to a Hong Kong-based analyst. Chinese and Cambodian officials, including Cambodian Prime Minister Hun Manet and members of the People’s Liberation Army (PLA), attended a ceremony at the Ream…