Lam Ka-sing

2 weeks ago | scmp.com | Denise Tsang |Lam Ka-sing

Fitch Ratings has maintained Hong Kong’s “AA-” credit rating and “stable” outlook, which the government has said is a reflection of the city’s strong financial position. A government spokesman said on Friday that the unchanged rating and outlook recognised the city’s “large fiscal buffers, robust external finances and a low level of fiscal debt”, as well as the banking sector’s solid funding and liquidity.

2 weeks ago | scmp.com | Lam Ka-sing |Danielle Eugenia Popov

CK Hutchison Holdings needs a war chest to maintain its fiscal health in the face of escalating geopolitical tensions, its chairman Victor Li Tzar-kuoi has said, with senior managers assuring the US$23 billion deal involving two Panama ports will comply with regulations. At the conglomerate’s annual general meeting on Thursday, Li said that many uncertainties were arising from geopolitics and the tariff policies of various countries, adding he “dared not” to forecast global economic development.

2 weeks ago | scmp.com | Lam Ka-sing

A major road in Hong Kong’s Tseung Kwan O has been shut after an underground saltwater pipe burst, leading to the diversion of 10 bus routes and the suspension of flushing water supply to thousands of households and businesses. The Transport Department said on Tuesday that all Kowloon-bound lanes of Wan Po Road near private residence Oscar By the Sea were closed to traffic due to the burst water main.

2 weeks ago | scmp.com | Lam Ka-sing

The proposed transformation of an old Hong Kong neighbourhood into a world-class waterfront in the style of Australia’s Darling Harbour will require major cooperation among at least 11 government departments and agreement from private owners, officials have said. The 798-hectare (1,972-acre) project was announced by Urban Renewal Authority managing director Wai Chi-sing on Sunday, with a study to explore developing To Kwa Wan in Kowloon and its surrounding waters into a top notch destination.

2 weeks ago | scmp.com | Denise Tsang |Lam Ka-sing

The 90-day pause on Sino-US tariffs has caused “daily challenges” for Hong Kong manufacturers, industry veterans have said, revealing they have been receiving unlawful demands from American importers seeking to circumvent levies. Several told the Post that Beijing and Washington’s suspension of tariffs for 90 days from May 14 had given Hong Kong exporters some respite, but they were urgently pressing ahead with plans to diversify their production bases to mitigate geopolitical risks.