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News - South China Morning Post
  1. The Chinese University of Hong Kong (CUHK) will dip into its reserves to repay a HK$4 billion (US$510.9 million) government loan owed by its debt-ridden private hospital, the institution’s council chairman has said. The finances of CUHK Medical Centre were on the agenda of Friday’s Legislative Council health panel meeting, but the discussion was rescheduled because the time was used up for other...
  2. A US$30 million carbon credit deal by tech giant Amazon with India’s Good Rice Alliance will boost carbon markets globally, according to experts, potentially showing agriculture – as well as industry – can be at the heart of emission reductions. The organisation, primarily backed by Bayer and in collaboration with GenZero and Shell, is designed to transform emissions-heavy rice cultivation in...
  3. Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharge fees for passenger flights by as much as about 14 per cent from May 16, after a series of increases that began in March. For long-haul flights, the surcharge will fall from HK$1,560 (US$199) to HK$1,362 per leg of the trip. For shorter journeys, such as those between Hong Kong and South Asia, the rate will drop to...
  4. Three People’s Liberation Army Navy (PLAN) warships were spotted transiting the Tsushima Strait en route to the East China Sea last week, as Tokyo closely tracks such passages amid heightened regional tensions. The vessels were two Type 055 guided-missile destroyers and a Type 052D destroyer, according to Japan’s Ministry of Defence and Self-Defence Forces on Saturday. The ministry said the...
  5. Beijing and Manila have traded barbs over a Chinese research vessel near a disputed South China Sea reef, with each warning of further countermeasures, a sign of lingering tensions between the two rival claimants. In a statement issued on Thursday night, China Coast Guard (CCG) spokesman Jiang Lue said a Philippine Coast Guard Islander aircraft had “deliberately approached and harassed” China’s...
  6. China’s rapid technological gains and aggressive pricing are making it increasingly difficult for South Korean firms to find profitable areas of industrial synergy with their Chinese counterparts, according to experts. Speakers at a recent forum in Beijing urged firms from both countries to pivot towards building more interdependent ecosystems in high-growth sectors such as batteries and...
  7. Three years after some Chinese youngsters chose to become “full-time children”, some said it was not a cure-all for their plight in China’s tense job market. The title “full-time children” went viral in 2023 in China, when some young people became a “full-time employee” of their parents. They received monthly salaries from their parents, ranging from 1,000 yuan (US$150) to over 5,000 yuan,...
  8. Prime Minister ⁠Keir Starmer vowed on Friday to fight on to deliver on his promise to bring “change” to Britain after his Labour Party suffered heavy losses in local election that deepened doubts over his ability to govern. Just under two years after winning a landslide national election, Starmer saw voters punish his Labour government, dealing it a blow in some of its traditional strongholds in...
  9. Hong Kong authorities have appointed veteran politician Jeffrey Lam Kin-fung to chair the board of directors of the Hung Shui Kiu Industry Park Company – the first government-owned entity established to accelerate the development of the Northern Metropolis megaproject. The Development Bureau said on Friday that the board of directors comprised five bureau chiefs and five non-official members,...
  10. Malaysia’s nascent electric vehicle market may be decimated before it gets up to speed, as business experts warn of a sharp drop in demand and delay in the renewable energy transition if the government imposes strict price curbs on imported units from July, in a move to protect the country’s vehicle makers. The ministry of investment, trade and industry (Miti) on Wednesday announced that from...