The US trade war has not had a significant impact on Macau, but the city will explore more business opportunities in Southeast Asian countries to diversify its economy, its leader has said. Macau Chief Executive Sam Hou-fai said in a media briefing on Sunday that while the city would inevitably be affected by the US…
Hong Kong can no longer count on its status as a “shopping paradise” to lure in tourists due to a significant downturn in recent years, while soaring living costs pose hurdles to investment and development in the sector, according to experts at an industry summit. Speakers at the 2025 World Tourism Cities Federation Fragrant Hills…
Washington’s decision to impose reciprocal tariffs on Chinese goods could force Hong Kong manufacturers to cut jobs or even close down, as many businesses are set to struggle to navigate global trade frictions, analysts have warned. Experts also said the sweeping tariffs would create a vicious cycle where consumption in the US would greatly diminish…
The last of the six Hongkongers rescued from a scam farm in Myanmar this week has returned to the city, with the Security Bureau pledging to save the three remaining residents on its case list as soon as possible. Authorities said the sixth member of the group arrived home on Saturday morning. The person had…
The development of Hong Kong’s “soft power” will help to bring in more visitors and budget cuts for the tourism sector do not necessarily translate to less development for the industry, lawmakers and insiders have said. Their comments followed finance chief Paul Chan Mo-po’s budget on Wednesday, under which funding for the Tourism Board for…
The development of Hong Kong’s “soft power” will help to bring in more visitors and budget cuts for the tourism sector do not necessarily translate to less development for the industry, lawmakers and insiders have said. Their comments followed finance chief Paul Chan Mo-po’s budget on Wednesday, under which funding for the Tourism Board for…