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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Containers being loaded on to the AI-powered autonomous trucks at Kwai Tsing Terminal. Photo: Elson Li
Hong Kong economy

First AI driverless trucks deployed to tackle Hong Kong port labour shortage

Six autonomous trucks used to improve efficiency at Kwai Tsing Terminal, handling more than 8,000 container movements since January.

Hong Kong society

Fujii Kaze pulls plug on Hong Kong show as Japanese acts shun city

Hong Kong property

Hong Kong property investment soars on lower funding costs, rising demand

Hong Kong economy

Hong Kong-Macau ferry fares to increase by up to 11% amid fuel costs surge

High fuel prices hit transport sector as TurboJet and Cotai Water Jet raise fares, while union says bus drivers face income losses amid service cuts.

Ferry operators TurboJet and Cotai Water Jet, who run daily services between Hong Kong and Macau will be increasing fares by up to 11 per cent. Photo: Nora Tam
Ferry operators TurboJet and Cotai Water Jet, who run daily services between Hong Kong and Macau will be increasing fares by up to 11 per cent. Photo: Nora Tam
Hong Kong economy

Which global firms are being attracted by Hong Kong’s strategic enterprise scheme?

The South China Morning Post examines 22 firms opening or expanding in the city, with HK$73 billion in investment and 25,000 jobs expected.

Hong Kong economy

Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

Operator of Wellcome, Mannings, 7-Eleven and Ikea tackles crisis with key initiatives but Sa Sa warns of pressure on beauty items derived from petroleum.

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Hong Kong tourism

40 Hong Kong tour groups safe after major earthquake strikes Japan

Japan issues tsunami warning for north and northeast prefectures of Hokkaido, Aomori and Iwate, after quake strikes at 4.53pm.

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A warning message flashes up on a screen after an earthquake hit northern Japan. Photo: AFP
A warning message flashes up on a screen after an earthquake hit northern Japan. Photo: AFP
Hong Kong society

Hong Kong watchdog warns of undeclared gluten in Marks and Spencer yoghurt

The Centre for Food Safety is investigating the omission of gluten from ingredients list as the importer recalls the batch as a precaution.

Hong Kong property

Hong Kong’s Northern Metropolis gains momentum as key project attracts 8 bids

The second phase of the Kam Sheung Road station project is estimated at about HK$5.7 billion, according to an analyst’s forecast.

Hong Kong tourism

Mainland Chinese to make 980,000 inbound trips to Hong Kong for Labour Day break

Estimate from Immigration Department represents 7 per cent increase from last year’s holiday.

Tourists arrive in Hong Kong via the West Kowloon high-speed rail terminus. Photo: May Tse
Hong Kong economy

Hong Kong launches Skytopia marina project to drive tourism and yacht economy

Airport Authority invites global bids for 200-hectare marina to tap market expected to reach HK$352 billion by 2032.

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The proposed marina at Hong Kong International Airport is a key part of the Skytopia project. Photo: Jonathan Wong
The proposed marina at Hong Kong International Airport is a key part of the Skytopia project. Photo: Jonathan Wong
Hong Kong economy

Pfizer, Amgen among 22 majors spreading wings in Hong Kong under investment push

Sixth batch under OASES initiative also features Boehringer Ingelheim, Hengrui and Haya, with Didi and AutoFlight joining transport push.

Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse
Hong Kong sports

Hong Kong Sevens a treat for fans but local restaurants hungry for more trade

Over three action-packed days of rugby, a record 113,000 fans pass through the turnstiles.

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Fans are in high spirits in a packed South Stand. Photo: Elson Li
Fans are in high spirits in a packed South Stand. Photo: Elson Li
Hong Kong economy

New firms with up to HK$100 billion in market value to set up shop in Hong Kong

Finance chief says ‘strategic enterprises’ are in high-growth sectors, including life and health technology, low-altitude economy and AI, among others.

Hong Kong economy

Hong Kong watchdog monitoring potential merger of city’s top 2 supermarket chains

Jardine Matheson and CK Hutchison reportedly in talks for Wellcome-ParknShop megadeal amid decline in citywide supermarket sales.

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Banking & finance

Hong Kong wants to be a global gold vault. Does the Iran war create an opening?

Geopolitical risk is driving a rethink of where bullion is stored – and Hong Kong’s unique status is drawing attention.

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The Hong Kong Gold Exchange kicking off the Year of the Horse with its traditional Chinese New Year opening ceremony in Sheung Wan. Photo: SCMP
The Hong Kong Gold Exchange kicking off the Year of the Horse with its traditional Chinese New Year opening ceremony in Sheung Wan. Photo: SCMP
Hong Kong economy

Hong Kong minister urges long-term view, says Middle East investment unaffected

Minister Algernon Yau urges businesses to avoid short-term thinking, says Hong Kong entrepreneurs are discerning in assessing opportunities.

Hong Kong tourism

Tourism Board invited 1,730 influencers with 1.6 billion followers over 2 years

Culture, Sports and Tourism Bureau says influencers’ itineraries were tailored to their markets and audiences.

Hong Kong economy

Hong Kong eyes HK$220 million private investment for national innovation centre

Innovation, Technology and Industry Bureau sets ‘ambitious’ goal for centre to be profitable by fifth year of operation.

Yuen Long InnoPark by Hong Kong Science & Technology Parks Corporation. Photo: Eugene Lee
Cathay Pacific

Cathay Pacific, HK Express passenger counts rise despite impact of Mideast war

Group attributes growth to spate of mega-events in city, such as Art Basel and Hong Kong International Jewellery Show.

A Cathay Pacific Airways plane approaches Hong Kong International Airport. Photo: Eugene Lee
A Cathay Pacific Airways plane approaches Hong Kong International Airport. Photo: Eugene Lee
Hong Kong economy

Bars gearing up for bumper Hong Kong Sevens weekend

Bar operators dismiss concerns that higher airfares because of Middle East war will deter rugby fans from visiting city.

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Hong Kong economy

Hong Kong leader John Lee, EU officials meet to discuss trade, cooperation

EU ambassador describes lunch meeting as a ‘constructive and in-depth exchange on EU-Hong Kong relations’.

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Hong Kong economy

Are special laws a quick fix for speeding up Hong Kong’s Northern Metropolis?

Syncing megaproject with key infrastructure and turning it into a ‘living laboratory’ are equally important to its success, tech experts say.

Illustration: Victor Sanjinez
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