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South China Morning Post - Hong Kong Economy

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Website title: International Edition | South China Morning Post

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Cathay posts 9.5% rise in profit to HK$10.82 billion but warns of geopolitical risks
Cathay Pacific Airways’ net profit climbed 9.5 per cent to HK$10.82 billion (US$1.39 billion) in 2025, driven by increased capacity and robust cargo demand, as the Hong Kong flag carrier’s chief warned of disruptions from the ongoing conflict in the Middle East. Cathay Group chairman Patrick Healy said on Wednesday that the results marked the airline’s third consecutive year of ...

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Hong Kong customs seizes more fuel-smuggling trucks as Iran war lifts prices
Hong Kong customs officers have intercepted more cross-border trucks suspected of smuggling petrol into the city as fuel prices surge amid the war in the Middle East. Commissioner of Customs and Excise Chan Tsz-tat said on Wednesday that some of the vehicles had even enlarged their fuel tanks to carry more petrol for supplying illegal petrol stations. “In the past few weeks, we ...

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Hong Kong tycoon urges prudent approach to development amid global uncertainty
A Hong Kong property tycoon has called for a more prudent approach to the city’s development rather than accelerating projects amid global uncertainties, saying the industry’s willingness to invest in the Northern Metropolis hinges on the health of the market. Far East Consortium chairman David Chiu Tat-cheong also described the megaproject’s new land disposal approach – which r...

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Sour note for fans after Taiwanese rock band Mayday switches Hong Kong date
Hong Kong’s consumer watchdog has received dozens of complaints after Taiwanese rock band Mayday cancelled one of its coming concerts at Kai Tak Sports Park and replaced it with a new date later in the week, sparking frustration among fans – particularly those travelling from mainland China and overseas. The Consumer Council said that as of 1pm on Tuesday, it had received 24 com...

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Hong Kong monitors fuel prices as Iran war sparks ‘premature and unfair’ hikes
Authorities are communicating with local oil companies to monitor how the war in the Middle East is affecting Hong Kong’s fuel market, amid a public backlash over what has been called premature price hikes. Responding to a South China Morning Post inquiry on Tuesday, the Environment and Ecology Bureau also said the government had been urging oil companies to provide more data on...

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