Some United States importers have cut orders and shifted to short-term contracts after the Middle East conflict triggered a global oil crisis, according to Hong Kong business leaders, who warned of eroding profit margins and strained liquidity. Jeffrey Lam Kin-fung, an Executive Council member and businessman, said on Sunday that the US-Israel war on Iran…
The bourse operator will collect views on the proposals, which include broadening a special listing regime for innovative companies and opening the door for listings by smaller and more diverse firms, until May 8. Investment banks and brokers have piped up in support of a proposal to allow all companies that are pursuing listings to…
In October last year, Singapore’s three-day Formula One (F1) Grand Prix showcased the tremendous economic impact that world-class sporting events can bring to a city. The event attracted more than 300,000 attendees, the second highest in its history. Since Singapore began hosting F1, the races have drawn more than 720,000 international visitors and generated about…
Middle East banks and wealthy investors are poised to increase their investments in Hong Kong amid geopolitical tensions to diversify their risk and capture growing opportunities in Asia, according to the head of InvestHK, the government agency tasked with attracting foreign investment. A couple of Middle East banks were in the process of setting up…
Animal rights groups have urged Hong Kong authorities to review their culling strategy for wild boars and to install animal bridges and other measures to reduce human-wildlife conflict in urban areas after incidents involving wild boars and a buffalo. They warned that as urban expansion, particularly the Northern Metropolis project, cleared large tracts of land…
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…
Hong Kong’s licensed moneylenders will face strict new regulations starting in August, including debt servicing ratio caps for low-income earners and a full ban on using loan referees – a move lawmakers say should reduce harassment by debt collectors. Lawmakers also said on Saturday that the measures outlined by the Financial Services and the Treasury…
Across Asia’s densest cities, the milestones of adulthood are quietly shifting. Couples share kitchens with parents. Some wait years on public housing lists. Others secure a flat before thinking about a ring. In some cases, keys come before vows. Increasingly, love moves in step with property. Square footage, mortgage approvals and ballot results shape decisions…
A Hong Kong property tycoon has called for a more prudent approach to the city’s development rather than accelerating projects amid global uncertainties, saying the industry’s willingness to invest in the Northern Metropolis hinges on the health of the market. Far East Consortium chairman David Chiu Tat-cheong also described the megaproject’s new land disposal approach…
Hong Kong Airlines will raise its fuel surcharges by up to 35.2 per cent from Thursday amid soaring oil prices driven by escalating conflict in the Middle East, becoming the first local carrier to do so. The airline announced on its website on Tuesday that fuel surcharges for tickets issued on or after March 12…