Courier giant back in the black
Staff reporter J&T Global Express (1519) swung to a net profit of US$101 million (HK$787.8 million) in 2024 from a net loss of more than US$1.1 billion the previous year, as its e-commerce business grew. The Indonesian firm’s chief financial officer Dylan Tey Say-keong said the continued…
Noodle maker’s profit rises 11pc to 1.8b yuan
HK private sector contracts Hong Kong’s private sector contracted in February for the first time in five months, with the S&P Global purchasing manager’s index falling to 49 from 51 in January due to weakened domestic and external demand and lower business sentiment. Tesla dangles subsidies US…
350 homes go on sale
Gordon Yang Hong Kong new homes market are seeing five projects launch around 350 flats this week, including the first batch of homes at Yoho West Parkside in Tin Shui Wai which went on sale yesterday. Developed by Sun Hung Kai Properties (0016) and MTR Corporation (0066), Yoho West Parkside…
Korea in Trump’s sights as tit-for-tat tariff war rages
Agencies South Korea could next be engulfed in the global trade war after US President Donald Trump accused the country of having more unfair tariffs against American products than China. After Trump’s attack, South Korea’s acting President Choi Sang-mok yesterday ordered a review into the impact of…
Higher departure tax to reflect on tickets bought from October 1
Michael Shum Travelers purchasing a plane ticket on October 1 and thereafter will have to pay HK$200 in air passenger departure tax instead of the current HK$120, while plane tickets purchased before that date will remain unaffected. The government said the Air Passenger Departure Tax (Amendment)…
More homes for youngsters up for grabs starting today
Cheng Wong The White Form Secondary Market Scheme 2024 will open for applications today, offering a total of 6,000 units, with ballots to be drawn in the second quarter. The Hong Kong Housing Authority announced yesterday that WSM 2024 will accept applications from 8am today until 7pm on March…
3 Hong Kong teens arrested over sex in car park, suspected ‘space oil’ use
Trio held on suspicion of committing offences relating to indecency, possession of drugs and weapons after video goes viral.
Avian Influenza Report (Volume 21, Number 9 (Week 9))
Avian Influenza Report (Volume 21, Number 9 (Week 9))
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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1 word to unpack Hutchison’s exit from Panama and other ports: geopolitics
Li Ka-shing’s company would have come under increased US scrutiny and risked fight in American court if it held on to overseas docks, sources say.
U.S. tariffs on Mexican imports escalate economic uncertainty, Fitch warns
6th March 2025 – (Mexico City) The recent imposition of 25 per cent tariffs by the United States on Mexican imports has significantly deteriorated the business climate in Mexico, exacerbating economic uncertainty, according to a warning issued by Fitch Ratings on Wednesday. The credit rating agency highlighted that a potential recession could severely affect Mexican […] The post U.S. tariffs on Mexican imports escalate economic uncertainty, Fitch warns appeared first on Dimsum Daily.
Zheng Yanxiong highlights five key areas for Hong Kong’s development
6th March 2025 – (Beijing) During the recent plenary session of the Hong Kong delegation at the National People’s Congress, Zheng Yanxiong, Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, emphasised that this year is pivotal for Hong Kong as it marks the conclusion of the […] The post Zheng Yanxiong highlights five key areas for Hong Kong’s development appeared first on Dimsum Daily.
Trump administration plans to cut 70,000 jobs at Veterans Affairs Department
6th March 2025 – (Washington) The Trump administration is set to eliminate over 70,000 positions at the Department of Veterans Affairs (VA), which manages veterans’ health care and benefits, Secretary Doug Collins announced on Wednesday, 5th March. This latest move marks a significant extension of Trump’s aggressive cost-cutting initiatives, spearheaded by billionaire adviser Elon Musk, […] The post Trump administration plans to cut 70,000 jobs at Veterans Affairs Department appeared first on Dimsum Daily.
Suspected thief swallows Tiffany & Co. earrings worth US$770,000 during arrest in Florida
6th March 2025 – (Florida) A suspected thief allegedly swallowed two pairs of diamond earrings worth nearly US$770,000 during his arrest along a highway in the Florida Panhandle last week, leaving authorities with the complex task of recovering the jewellery. According to detectives, the 32-year-old Texas man, who is accused of forcibly stealing the earrings […] The post Suspected thief swallows Tiffany & Co. earrings worth US$770,000 during arrest in Florida appeared first on Dimsum Daily.
Artillery shell hits residential area in Pocheon during U.S.-South Korea exercises, injuring 7 and damaging several buildings
6th March 2025 – (Seoul) This morning, in the village of Idong-myeon, Pocheon, Gyeonggi Province, an object suspected to be a shell fell on a civilian house, causing damage to the building and resulting in casualties. According to authorities, at 10.05am on the same day, an object believed to be a shell fell on a […] The post Artillery shell hits residential area in Pocheon during U.S.-South Korea exercises, injuring 7 and damaging several buildings appeared first on Dimsum Daily.
Study by Consumer Council highlights need for price transparency in Hong Kong’s private healthcare sector
6th March 2025 – (Hong Kong) A recent study conducted by the Consumer Council has revealed significant information asymmetry and price uncertainty within Hong Kong’s private healthcare services, prompting the Council to propose five key recommendations aimed at enhancing price transparency and fostering consumer trust. Over the past decade, the demand for healthcare services in […] The post Study by Consumer Council highlights need for price transparency in Hong Kong’s private healthcare sector appeared first on Dimsum Daily.
Hong Kong stocks jump to 3-year high, erasing trade-war loss on China stimulus hopes
The National People’s Congress hints at looser monetary policies, as investors eye an afternoon media briefing by top economic officials.
