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1. Hong Kong aiming to curb illicit fuel trade with tougher penalties: source

   Buyers of illicit fuel in Hong Kong could face a maximum penalty of HK$1 million (US$127,687) and one year in prison under proposed legal amendments aimed at curbing illegal refuelling amid surging global oil prices, the South China Morning Post has learned. According to a government source, the Security Bureau has also proposed tougher penalties for sellers, increasing the maximum fine for a...

2. Myanmar president seeks peace talks by July 31, 2 rebel groups reject offer

   Myanmar’s new military-backed government wants to hold peace talks with ⁠opposition armed groups by the ⁠end of July, the country’s ⁠junta leader-turned-president said, but two key rebel groups rejected the offer on Tuesday. State media reported that President Min Aung Hlaing, who led a coup five years ago that plunged the Southeast Asian country into a civil war that continues to ‌rage, told a...

3. Taiwanese leader Lai postpones Africa trip after 3 nations revoke overflight permission

   Taiwanese leader William Lai Ching-te was forced to postpone a visit to the island’s last African partner after three other nations abruptly refused to allow his aircraft to fly over their territory, in a move Taipei blamed on pressure from Beijing. This is the first time any Taiwanese leader has had to delay an overseas visit at the last minute, Lai’s office said. He had been due to depart on...

4. Japan’s new arms export rules trigger Chinese warning against ‘moves towards militarism’

   Japan has scrapped long-standing restrictions on arms exports in a major break with its post-war pacifist policy that is likely to derail any potential thaw in relations with China. The plans, given final approval by the cabinet on Tuesday, could clear the way for sales of lethal equipment that had long been banned and prompted expressions of “serious concern” from Beijing. Japan’s Three...

5. Economist Justin Lin urges West to adopt ‘Eastern wisdom’ as China moves up value chain

   The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial...

6. US forces intercepted ‘gift from China’ to Iran, Donald Trump says

   US President Donald Trump said on Tuesday that American forces had intercepted a “gift from China” to Iran. Speaking ahead of the expiry of the current two-week ceasefire on Wednesday, Trump told CNBC that Tehran had “probably done a little bit of restocking” and implied that Beijing had been helping its efforts. He added: “We caught a ship yesterday that had some things on it, which wasn’t very...

7. First AI driverless trucks deployed to tackle Hong Kong port labour shortage

   Hutchison Port Holdings Trust has deployed Hong Kong’s first AI-powered driverless trucks, a move the container terminal operator said could help tackle a chronic manpower shortage and improve efficiency. The trust, affiliated with Hutchison Ports – a subsidiary of CK Hutchison Holdings, controlled by billionaire Li Ka-shing’s family – on Tuesday invited media to view a fleet of six electric...

8. China’s CRRC drops bid for Lisbon metro deal as EU finds ‘billions’ in subsidies probe

   Chinese railway giant CRRC has been forced out of a Lisbon metro contract in favour of a Polish firm, after a European Commission investigation found that foreign subsidies allowed CRRC to underbid rivals. “The in-depth investigation confirmed these preliminary findings, revealing that the subsidies in question had indeed given the consortium an unfair competitive edge, to the detriment of other...

9. Tai Po blaze probe: temporary removal of fireproof windows ‘complied with rules’

   A Labour Department official has told an inquiry into Hong Kong’s deadly Tai Po inferno that the temporary removal of fireproof windows from emergency passages in the blaze-hit estate complied with occupational safety protocols, triggering questions on whether the interests of workers and residents are at odds. The inquiry also heard on Tuesday that a department officer had misled Wang Fuk Court...

10. World’s top condom maker to raise prices by up to 30% over Iran war impact

    Malaysia’s Karex, the world’s ⁠top condom producer, plans ⁠to raise prices by 20 per cent to ⁠30 per cent and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive said on Tuesday. Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left ‌many of its customers with lower stockpiles than usual, CEO Goh Miah Kiat...