Is Hong Kong’s mask industry doomed? Businesses consider closing, while others eye global market as mandate ends
Industry representatives expect significant drop in price of masks from March onwards. READ SOURCE...
Economy
Zero-Covid made China ‘less attractive’ to foreign talent. Can it restore its image?
China’s efforts to bolster its abilities in science and engineering are being hampered by frustration among expats about the way in which the government handled the coronavirus pandemic, recruiters and researchers say. READ SOURCE...
TPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft
TPM23: MSC putting ocean shipping first after ending 2M Alliance: ToftMSC’s chief executive told TPM23 that the company’s hefty orderbook signals to customers that the carrier remains chiefly committed to ocean shipping, rather than selling an integrated supply chain service....
US dollar bulls could be skating on thin ice
Recent speculation that the Federal Reserve will raise interest rates significantly this year has boosted US dollar sentiment. However, with the jury still out on economy recovery and the Fed less likely to go for overkill on inflation, it won’t...
US-led semiconductor alliance setting up ‘early warning system’ to protect supply chains, Taiwan says
The warning system between the “Chip 4” partners will help ensure the supply of semiconductor chips for cars and could cover chipmaking raw materials and manufacturing equipment, Taiwan’s Ministry of Economic Affairs says. READ SOURCE...
Climate change: Hong Kong’s CLP to continue investing in Australia for secure, clean power despite profit drop sparked by global energy crisis
CLP Holdings will continue to invest in Australia to improve the reliability of its coal power plants there while installing low-carbon alternatives to achieve long-term decarbonisation. READ SOURCE...
How local governments’ debt crises will be the last straw for China’s small banks
The extension of credit for a state-owned contractor in Guizhou province has led to concerns that the country’s smaller banks will become caught up in local governments’ debt crises amid increasing pressure to carry bad loans. READ SOURCE...
Reopening of China’s economy to unleash M&A activity in 2023, particularly among EV and consumer firms, Bain says
Chinese companies, particularly EV and consumer product firms, will increase M&A activity in 2023 to boost scale and enhance profitability following the reopening of China’s economy, according to Bain & Company. READ SOURCE...
‘It’s worth fighting for’: fintech students in Hong Kong hope to make their mark in Greater Bay Area
Victor Fong, 20, hopes to work in bay area over the next 10 years and bring technological advances to his home country in South America. READ SOURCE...
Labour shortages at Hong Kong airport threaten to ground city’s aviation hub recovery as airlines delay flights
Airlines delay plans to resume or increase flights to Hong Kong because of manpower shortages at ground handling companies. READ SOURCE...