Hong Kong’s airport has reported a 16.8 per cent decline in net profit to HK$2 billion (US$255.16 million) for the 2025-26 financial year, with the management citing a significant rise in expenses driven by the third runway’s operating costs and last year’s aircraft salvage operation. In its annual report released on Wednesday, the operator of…
Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches…
Hong Kong’s Airport Authority has launched its marina project as part of the broader SkyCity blueprint, seeking global interest from the yachting, hospitality and water sports sectors to help shape the 200-hectare (494 acres) development, with the first phase scheduled for completion in 2028. Cissy Chan Ching-sze, the authority’s commercial executive director, said on Monday…
March is a highlight of Hong Kong’s cultural calendar. Last month, as I welcomed delegates to the International Cultural Summit during Art Week, many told me they had come to network with local and international collaborators and explore Hong Kong’s museums, galleries and performance venues. Tens of thousands attended Art Basel, Art Central, gallery openings,…
Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the gala dinner of the Wealth for Good…
Hong Kong’s Airport Authority is partnering with a private company to develop a HK$300 million (US$38.28 million) art storage facility set to open next year, as the city looks to cement its position as a global hub for trading valuable works. Speaking at a contract signing ceremony on Wednesday, authority CEO Vivian Cheung Kar-fay said…
Hong Kong has signed aviation agreements with seven countries – mostly in Latin America – to expand its global reach and make better use of the airport’s three-runway system, according to a senior official. Secretary for Transport and Logistics Mable Chan on Tuesday revealed that the government had signed deals with the Latin American countries…