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Hong Kong Economy

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Hong Kong housing
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The prices of professional-grade storage devices are on the rise. Photo: Jelly Tse
Hong Kong economy

Why SD cards and hard drives are the new ‘digital gold’ in Hong Kong

Hongkongers find prices of professional-grade storage devices are going through the roof.

Hong Kong property

Hong Kong developers test market with 222 units released amid rate uncertainty

Banking & finance

Tong Ren Tang unit pulls Hong Kong IPO in first postponement this year

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Hong Kong transport

Tender deadline for Hong Kong’s Kai Tak Cruise Terminal extended by 1 month

Submission deadline pushed back following requests from prospective bidders for more time to prepare for expanded scope and KPIs.

Kai Tak Cruise Terminal. Photo: Edmond So
Kai Tak Cruise Terminal. Photo: Edmond So
Hong Kong economy

Hong Kong must look beyond mainland China talent to stay global, experts say

Under top talent scheme, authorities have approved 126,942 applications since 2023, with 94.5 per cent – or 120,009 – coming from mainland China.

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Hong Kong property

Hong Kong home prices surge to 22-month high, but Iran war clouds outlook

Price gains accelerated in February, according to official government index, but interest-rate risk looms, analysts say.

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Hong Kong economy

Should Hong Kong be using ‘war chest’ firepower for Northern Metropolis?

Rare HK$150 billion transfer from the Exchange Fund has sparked fierce debate.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Cathay Pacific

Cathay to increase fuel surcharge for all flights by 34% from April

Move marks second increase in recent weeks, with airline pointing to ‘considerable pressure’ from higher jet fuel prices due to war in Middle East.

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Hong Kong economy

Customers could pay heftier bills, HK Electric warns, weighs surcharge rise

Fellow utility firm CLP Power earlier increased fuel cost adjustment charge due to discrepancy between actual fuel prices and forecasts.

Hong Kong economy

Hong Kong holds onto Art Basel crown for 5 more years thanks to new deal

Galleries at preview also say global uncertainties have prompted collectors to take greater interest in works able to retain value.

Art Basel holds a preview at the Hong Kong Convention and Exhibition Centre. Photo: Eugene Lee
Hong Kong stock market

Hong Kong’s TVB logs US$7.5 million profit, shaking off 7 years of losses

A threefold rise in contribution from the Greater Bay Area drives 15 per cent growth in advertising revenue, broadcaster says.

TVB said its four channels reach an average of 4.9 million in-home viewers a week. Photo: Dickson Lee
TVB said its four channels reach an average of 4.9 million in-home viewers a week. Photo: Dickson Lee
Hong Kong tourism

New 200-berth marina, clubhouse planned in Hong Kong revamp of Aberdeen site

Development Bureau aims to launch first tender for a marina in nearly 40 years in 2027.

Hong Kong economy

CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

Subsidiary Panama Ports Company slams Panamanian government’s ‘attack campaign’ as it expands international arbitration claim over damages.

Cathay Pacific

Cathay extends suspension of flights between Hong Kong, Middle East to end of May

Dubai and Riyadh service suspension extended again but airline will increase flights to Europe next month to cater to surging demand.

Cathay Pacific planes parked at Hong Kong International Airport in Chek Lap Kok. Photo: Sam Tsang
Hong Kong economy

From toys to toilet paper, prices set to rise amid Middle East war, experts say

Hong Kong business leaders also warn that local exporters and manufacturers face cash-flow squeeze as overseas buyers opt for short-term orders.

Hong Kong business leaders expect consumer products, including toilet paper, to become more expensive amid the Middle East war that has led to surging oil prices. Photo: Karma Lo
Hong Kong business leaders expect consumer products, including toilet paper, to become more expensive amid the Middle East war that has led to surging oil prices. Photo: Karma Lo
Hong Kong property

Regal’s US$194m hotel sale reflects investor push into Hong Kong student housing

Sale of 494-room hotel to Centaline underscores strong demand for student accommodation in Hong Kong amid an estimated 88,000-bed shortfall.

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Hong Kong economy

Hong Kong’s Art March celebrations press on amid Middle East conflict disruptions

Flight cancellations via the region leave art fair participants juggling logistics, though organisers say impact remains limited.

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Hong Kong economy

Hong Kong to raise postage rates from April 13 amid surging oil prices

Postage for local letters to go up by 9 per cent to HK$2.40, while increases for 90 per cent of airmail will be within 50 HK cents.

Hong Kong residents in the queue at the General Post Office in Central. Photo: Jelly Tse
Hong Kong residents in the queue at the General Post Office in Central. Photo: Jelly Tse
Hong Kong economy

Luxury brands bet on growth as well-heeled tourists flock to Hong Kong events

Over 60 new brands set to join upscale Tsim Sha Tsui shopping centre as part of tenant overhaul covering about 30 per cent of its retail space.

Hong Kong economy

Exclusive | Hong Kong developer banks on arts and finance synergy in West Kowloon cultural hub

Sun Hung Kai Properties pushes its ‘Central 2.0’ vision in West Kowloon, linking arts, culture and wealth management despite market headwinds.

Hong Kong property

Will a longer pause in rate cuts threaten Hong Kong’s property upturn?

A wait-and-see approach by Hong Kong homebuyers amid rising geopolitical uncertainties could dampen recovery in the sector.

Residential buying sentiment may soften given the reduced rate cut outlook, according to Morningstar. Photo: Dickson Lee
Hong Kong economy

Amid Iran war, Hongkongers choose short-haul high-speed rail trips

With war raging in the Middle East, tickets for mainland Chinese destinations are being snapped up.

The high-speed rail station at West Kowloon. Photo: Sam Tsang
The high-speed rail station at West Kowloon. Photo: Sam Tsang
Hong Kong economy

Hong Kong arts hub strengthens global links with 12 new partnerships

West Kowloon Cultural District Authority signs MOUs with 12 international institutions from Australia, the UK, Saudi Arabia and elsewhere.

Hong Kong economy

Hong Kong vows to boost green finance and innovation role for sustainable growth

Finance chief Paul Chan says Hong Kong will channel capital and innovation into the global green transition for carbon-neutral development.

Hong Kong economy

Hong Kong firms face profit squeeze as US importers cut orders amid oil crisis

City’s business leaders also say government should bolster ties with Central Asia and Asean nations to diversify market risks.

Kwai Chung Container Terminal. Photo: Elson Li
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