Taxi fleets to commence service gradually and mark important milestone in taxi trade’s development
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Government receives 27 expression of interest submissions for Smart and Green Mass Transit System in Hung Shui Kiu/Ha Tsuen and Yuen Long South New Development Areas project
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Special traffic and transport arrangements in Chai Wan during Ching Ming Festival
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Serious collision in Tuen Mun–Chek Lap Kok Link injures two drivers
3rd March 2025 – (Hong Kong) A traffic accident occurred in Tuen Mun this evening at approximately 9.40pm. A private car travelling towards Tung Chung along the Tuen Mun–Chek Lap Kok Link reportedly failed to brake in time, crashing into a stationary taxi within the tunnel. Emergency services were promptly dispatched to the scene. The […] The post Serious collision in Tuen Mun–Chek Lap Kok Link injures two drivers appeared first on Dimsum Daily.
China responds to Marco Rubio’s accusations, rejecting Cold War mentality
3rd March 2025 – (Beijing) In a strong rebuttal to U.S. Secretary of State Marco Rubio’s recent accusations regarding Taiwan and various geopolitical issues, Chinese Foreign Ministry spokesperson Lin Jian stated on Monday that Rubio’s comments reflect a Cold War mentality aimed at disseminating falsehoods. Lin expressed China’s deep dissatisfaction and firm opposition to these […] The post China responds to Marco Rubio’s accusations, rejecting Cold War mentality appeared first on Dimsum Daily.
Bubble tea giant soars 43pc in piping hot debut
Cici Cao and Reuters Shares of China’s largest bubble tea and drinks chain Mixue Group (2097) jumped 43 percent higher on the first trading day in Hong Kong, giving a paper gain of HK$8,750 on per board lot of 100 shares. It became the first mainland beverage stock to close above offering price on…
Five Peak homes up for tender
Staff reporter Wheelock Properties plans to sell five units at 1 Plantation Road on The Peak by tender in the first stage, as more luxury homes will be put into the market. The project, the only new development on the Plantation Road over 18 years, offers 20 houses in total. The five houses on the…
Mega BYD share sale aims to raise $40.7b
Bloomberg Chinese electric vehicle maker BYD (1211) is aiming to raise as much as HK$40.7 billion in what would be Hong Kong’s biggest share sale in nearly four years. The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg News. That…
Beijing gears for retaliatory tariff strike
Bloomberg and staff reporter China is considering retaliatory measures on US agriculture and food products in response to tariffs from the Trump administration that are scheduled to take effect today, according to the Global Times. The response from Beijing will likely include tariffs and non-tariff…
Prada closes in on Versace
Prada (1913) is moving closer to a deal to buy Versace from Capri after agreeing to a price of nearly EUR1.5 billion (HK$12.15 billion), according to people familiar with the matter. Milan-based Prada and Capri could finalize a deal for the Italian luxury clothier this month, said the people, asking…
Baidu bonds to raise 10b yuan
Baidu (9888), the operator of China’s leading search engine, is planning to offer about 10 billion yuan (HK$10.68 billion) of bonds offshore, adding to a string of recent debt financings by the nation’s tech companies. The deal will consist of a 5-year note to yield 2.6 percent to 2.8 percent, and a…
Kraken announces dismissal of SEC lawsuit, hailing new era for cryptocurrency
4th March 2025 – (New York) Cryptocurrency exchange Kraken announced on Monday that the U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss a civil lawsuit that accused the company of operating as an unregistered securities exchange. In its blog statement, Kraken noted that the dismissal is with prejudice, meaning the case […] The post Kraken announces dismissal of SEC lawsuit, hailing new era for cryptocurrency appeared first on Dimsum Daily.
Eurozone inflation drops to 2.4% in February
4th March 2025 – (Brussels) The eurozone’s annual inflation rate has been estimated at 2.4 per cent for February, a slight decrease from January’s rate of 2.5 per cent, according to a preliminary report released by Eurostat on Monday. Services are projected to experience the highest inflation rate at 3.7 per cent, down from 3.9 […] The post Eurozone inflation drops to 2.4% in February appeared first on Dimsum Daily.
‘Two sessions’ 2025: Hong Kong delegates told to be ‘active players’ in city
Xia Baolong tells Hong Kong delegates to China’s top political advisory body to ‘not just be observers’ to support city’s development.
TSMC CEO to discuss $100 billion U.S. investment with Donald Trump
4th March 2025 – (Taipei) C. C. Wei, the CEO of Taiwan Semiconductor Manufacturing Company (TSMC), is set to meet with former President Donald Trump on Monday to discuss the company’s investment plans in the United States. According to sources familiar with the matter, TSMC is expected to unveil a substantial investment of $100 billion […] The post TSMC CEO to discuss $100 billion U.S. investment with Donald Trump appeared first on Dimsum Daily.
Desperate Trump tries to rope TSMC into bailing out flailing Intel
4th March 2025 – (Beijing) Taiwan Semiconductor Manufacturing Co. (TSMC) is increasingly entangled in the escalating tensions between the United States and China regarding Taiwan. As CEO C.C. Wei prepares to meet with President Donald Trump on Monday to discuss the company’s investment strategies in the U.S., officials from China’s State Council Taiwan Affairs Office […] The post Desperate Trump tries to rope TSMC into bailing out flailing Intel appeared first on Dimsum Daily.
Hong Kong’s finance sector to benefit from AI, China opening, Asia wealth: think tank
The government think tank will undertake roadshows worldwide to highlight growth opportunities in the city, chairman Benjamin Hung says.
Hong Kong social welfare groups fear budget cuts will hurt service
Welfare chief Chris Sun meets representatives over 7 per cent funding cut, which has stirred concerns over service quality and manpower retention.
