COVID-19 & Flu Express (Volume 3), Number 10 (Week 10, 2025)
COVID-19 & Flu Express (Volume 3), Number 10 (Week 10, 2025)
Elderly Singaporean man jailed for 11 years over Hong Kong robberies
An elderly Singaporean man has been jailed for 11 years for attempting to rob a retail chain with a bottle of water and snatching HK$14,000 (US$1,802) from a bank with a toy gun after overstaying in H
‘A betrayal’: Beijing office on Hong Kong runs scathing attack on Hutchison’s Panama deal
Conglomerate under fire over bombshell announcement it is selling Panama Canal port operations in deal led by US firm BlackRock.
2 Hong Kong schools won’t run subsidised Primary One classes in 2025-26
Aplichau Kaifong Primary School and Price Memorial Catholic Primary School not allocated any Primary One classes for next academic year.
The strategic betrayal behind Li Ka-shing’s US$22.8 billion Panama port sale
13th March 2025 – (Beijing) The hasty sale of CK Hutchison’s global port assets to American investors has triggered unprecedented criticism from Beijing, marking a crucial moment in China’s relationship with one of Hong Kong’s most prominent business dynasties. The transaction, valued at US$22.8 billion, has been interpreted not merely as a commercial decision, but […]
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Two SME funds optimized to ease access
Staff reporter
Hong Kong has optimized some measures of two funds to support small and medium-sized enterprises while adjusting the proportion of government subsidies.
The optimization was announced by the Trade and Industry Department yesterday, involving the Dedicated Fund on Branding, Upgrading…
SF REIT distributable income rises
SF Real Estate Investment Trust (2191) said its distributable income rose by 1.9 percent year-on-year in 2024 to HK$234.4 million thanks to high occupancy levels at 98 percent.
The full-year distribution per unit fell by 4.4 percent to 27.4 HK cents and the distribution payout ratio fell to 95…
Samsonite hit by weak consumer spending
Melody Chen and Bloomberg
Luggage maker Samsonite (1910) reported a net profit of US$346 million (HK$2.7 billion) last year, down 13 percent from a year earlier, as weaker consumer spending on high-end brands, lower retail traffic and price wars by rivals weighed on earnings.
The company declared a…
Wharf slips into the red by $3.2b
Staff reporter
Wharf (0004) reported a net loss of HK$3.22 billion last year, reversing a profit of HK$945 million in 2023, due to lower revenue recognition and higher impairment provisions for development properties in mainland China.
The company declared a second interim dividend of 20 HK cents,…
Swire Properties post $766m loss on revaluations
Cici Cao
Swire Properties (1972) swung to a net loss of HK$766 million last year from a net profit of HK$2.64 billion a year prior, blaming the losses from property revaluation.
Swire Pacific’s (0019, 0087) property unit recorded a fair value loss on investment properties of around HK$6.3 billion -…
Mainland banks’ support cheers New World Development
Staff reporter and Bloomberg
Hong Kong developer New World Development (0017) shares jumped as much as 3.6 percent to HK$5.37 yesterday, following reports that major mainland banks maintained, and may potentially increase, their credit support for the developer.
Credit intelligence provider Octus,…
U.S. Education Department workforce halved as layoffs impact entire agency
14th March 2025 – (Washington) The Trump administration has announced sweeping layoffs at the Department of Education, reducing the agency’s workforce by nearly half, from 4,000 to approximately 2,200 employees. The move aligns with President Donald Trump’s long-standing goal of dismantling the department, which Secretary of Education Linda McMahon has openly supported. McMahon defended the […]
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Foreign investors funnel US$16 billion into emerging markets, led by Chinese equities
14th March 2025 – (New York) Foreign investors added nearly $16 billion to their emerging market portfolios in February, driven by a surge in demand for Chinese equities and debt from developing economies, according to a report released Thursday by the Institute of International Finance (IIF). Chinese equities attracted $11.2 billion in new investments, marking […]
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France vows retaliation over U.S. tariff threat on wine and spirits
14th March 2025 – (Paris) France has pledged to retaliate if the United States proceeds with imposing a 200-per cent tariff on French and European Union (EU) wines and spirits, Minister Delegate for Foreign Trade Laurent Saint-Martin said on Thursday. Saint-Martin criticised U.S. President Donald Trump for “escalating the trade war” in a statement posted […]
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The true cost of Trump’s reciprocal tariff gambit
14th May 2025 – (Beijing) The spectre of reciprocal tariffs looming over global trade represents more than just another chapter in Trump’s economic nationalism – it’s a fundamental assault on the post-war trading order that threatens to unleash unprecedented chaos in international commerce. This policy, masquerading as “fair trade,” could trigger a devastating chain reaction […]
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Putin signals conditional support for U.S.-proposed 30-day ceasefire in Ukraine
14th March 2025 – (Moscow) Russian President Vladimir Putin expressed conditional support on Thursday for a U.S.-proposed 30-day ceasefire in Ukraine, emphasising that the truce must lead to lasting peace and address the root causes of the conflict. Speaking at a press conference in Moscow, Putin said, “The idea itself is correct, and we certainly […]
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Savings from Hong Kong transport scheme revamp ‘insignificant’: Legco research arm
Legislative Council Secretariat also says decision to freeze civil servant pay expected to save about HK$8.7 billion in coming financial year.
