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Official support and collaboration with private capital are critical for sovereign wealth funds to succeed, the head of Hong Kong’s government-owned investment vehicle has said, as she spelled out strategies needed to deliver high returns. At the inaugural Nusa Dua Forum organised by the South China Morning Post and Indonesia’s sovereign wealth fund Danantara in Bali on Friday, Hong Kong Investmen...
Artificial intelligence (AI) is driving unprecedented demand for computing, placing photonic chips at the centre of the race to develop next-generation AI hardware. By transmitting data with light rather than electricity, photonic technologies are widely seen as a way to overcome bandwidth and power constraints. However, translating that potential into mass-producible hardware can be bottlenecked ...
Hong Kong has embarked on the path of drawing up its first five-year plan – a significant moment in its history. Hong Kong’s first five-year plan should be more than a local economic blueprint. Properly conceived, it should define how the city contributes to China’s national development while preserving the global connections that make Hong Kong uniquely valuable. Success will depend on three mutu...
A man in eastern China was stunned to discover that his family’s battered dining table was in fact a Qing dynasty (1644–1912) honour board commemorating an ancestor’s success in the imperial examinations. Xu, a villager in Anhui province, shared the unusual story in an online video on July 12, which subsequently went viral on mainland social media. The footage shows a dark-red wooden table scarred...
Tears, anger and exhaustion marked the conclusion of an inquiry into the deadly fire at Hong Kong’s Wang Fuk Court, as survivors condemned government departments for passing the buck and demanded accountability. Residents have reacted to the conclusion of an inquiry into the deadly fire at Hong Kong’s Wang Fuk Court with tears of anger and exhaustion, as survivors condemned government departments ...
Indonesia’s Danantara must outlive political administrations to prove its worth to investors and most importantly to the people, according to the sovereign wealth fund’s chief investment officer. Pandu Sjahrir said the fund was focused on the demutualisation of Jakarta’s stock market and to support the establishment of the first financial centre in Bali to boost investor confidence. “Investment is...
On a clear summer morning at Mount Fuji’s fifth-station trailhead, the crowds look more beach ready than alpine prepared with canvas slip-ons, bare legs and lightweight jackets. Above them, Japan’s most famous peak rises to 3,776 metres (12,389 feet) and into sub-zero temperatures, even in July. For Tatsuo Nanai, a veteran climber and until recently secretary general of the Fuji‑san Club, the scen...
Influencer brothers Andrew and Tristan Tate, whose social media empire promoting wealth, male dominance and misogyny has made them among the world’s most polarising internet personalities, were arrested on Saturday in Miami as British authorities sought their extradition on rape and sex trafficking charges. The brothers were taken into custody by the US Marshals Service on a sealed warrant, agency...
Prominent Cuban dissident artist Luis Manuel Otero Alcantara flew to exile on Saturday in the United States after serving a five-year sentence on the island, as Washington urged Havana to release more than 700 political prisoners. Otero Alcantara, designated a prisoner of conscience by Amnesty International, was sentenced to five years in prison in 2022 for insulting national symbols, contempt and...
For years, aerial drones frequently buzzed above the Huangpu River in Shanghai, capturing breathtaking views of one of China’s most iconic central business districts and the lights of thousands of homes. But the spectacular aerial photos that once defined one of the world’s largest commercial drone markets have now been heavily restricted along this picturesque stretch of the river, reflecting a n...
The recent resignation of Keir Starmer as Britain’s prime minister has reignited a debate over the United Kingdom’s post-Brexit identity – and talk of rejoining the European Union. Over the past decade, has Britain’s decision to exit the EU returned the UK to its splendid isolation – or merely a splendid squalor? It may seem a far-fetched idea but what if the UK were to become a special sovereignt...
Former Apollo Global Management Chief Executive Officer Leon Black told Congress he paid US$21 million to a woman he accused of blackmailing and extorting him. The billionaire investor said during a June 26 interview with the US House Oversight Committee that he paid the money to the woman, with whom he had had an affair, after she demanded US$100 million because he “ruined her life”. Black’s appe...
In Iran war news with major US political implications, two US soldiers were killed and several wounded by an Iranian drone, the Pentagon announced on Saturday. The tragedy, the first US combat deaths in months, came as US President Donald Trump has tried to downplay or distract attention from the hugely unpopular war that he started in late February, as his polling numbers tank four months in adva...
Israeli Environmental Protection Minister Idit Silman has reclassified crocodiles from wild animals to “captive-bred wildlife”, a move that clears the way for the reptiles to be used for security purposes, including to deter prison escapes. Far-right National Security Minister Itamar Ben Gvir – who reportedly proposed in December surrounding a prison for Palestinian detainees with crocodiles, a la...
The Canadian military was preparing on Saturday to evacuate a remote community of 600 people threatened by forest wildfires that have spread, choking smoke across a broad swathe of the United States. Federal Emergencies Minister Eleanor Olszewski said late on Friday that the armed forces would use aircraft to evacuate the inhabitants of Fort Hope in sparsely populated northwestern Ontario, where s...
An independent committee examining the causes of Hong Kong’s deadly Wang Fuk Court blaze will delay submitting its final report to late October, a month later than expected, as more time is needed to review documents, the South China Morning Post has learned. A source confirmed to the SCMP on Saturday that the judge-led panel’s final report was likely to be submitted to Chief Executive John Lee Ka...
The global AI race is no longer just about chips or models. Increasingly, it is also about data – namely, the language resources that feed and train them. Beijing has identified that layer as a new strategic frontier, accelerating the buildout of a national ecosystem of Chinese-language data for artificial intelligence (AI). The push covers everything from foundational text corpora and high-qualit...
Greater global cooperation and development-focused AI regulations are urgently needed to prevent a widening digital divide, scholars and international figures said at China’s premier AI conference on Saturday. The message aligned with a broader pitch on display at the annual World AI Conference (WAIC) in Shanghai, where Beijing is courting the Global South with an artificial intelligence package c...
Chinese social media accounts are profiting by hinting at the downfall of corrupt officials ahead of formal announcements, state media has warned, highlighting a “grey market” around Beijing’s anti-corruption campaign. The trend had created a new challenge for Chinese law enforcement, state-run journal Banyuetan reported on Friday. One tactic involves posting an official’s resume as a coded signal...
Authorities in India’s capital Delhi moved social activist Sonam Wangchuk to hospital against his will on Saturday, after his condition worsened on the 21st day of a hunger strike launched to demand the resignation of the federal education minister. Wangchuk, 59, had been fasting since June 28 in solidarity with India’s youth Cockroach Janta Party (CJP), which is demanding Education Minister Dharm...
When devastating floods swept through Assam in northeastern India in 2018, the disaster quickly triggered a troubling question within New Delhi’s security corridors. As technology advances, could control over the weather become a tool of geopolitical pressure, or even a weapon? Much of the concern centred on neighbouring China. Assam’s then finance minister, Himanta Biswa Sarma, publicly warned ab...
Hong Kong customs officers have arrested three men in connection with the seizure of 131kg (289lbs) of suspected ketamine worth about HK$51 million (US$6.5 million), disguised as sugar cubes and found in air cargo transported to the city. Chiu Kai-wing, a senior investigator with the Customs and Excise Department’s drug investigation bureau, said on Saturday that officers had intercepted the air c...
Some residents left homeless by Hong Kong’s deadliest inferno in decades have called for merging the Housing Bureau’s Independent Checking Unit (ICU) with the Buildings Department after a public inquiry revealed communication failures between them. In recommendations submitted to the independent committee investigating the Wang Fuk Court fire, which were released on Saturday, legal representatives...
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, has sold out the first batch of units at its Garden Regency project in the New Territories on Saturday, according to agents. By 3.30pm, all 138 flats the developer had launched in the Kam Tin North project in Yuen Long had found buyers, the agents said. The launch of the three-tower development of 566 units mar...
Alibaba Group Holding’s chip design unit, T-Head, has announced that it will open-source its proprietary software stack, marking its latest effort to streamline developer operations and challenge the dominance of American chip giant Nvidia’s CUDA ecosystem. At the World AI Conference (WAIC) in Shanghai on Saturday, T-Head announced that it was making the full technical stack of SAIL – the foundati...
An independent inquiry into Hong Kong’s deadly Tai Po fire has concluded after examining more than 1 million files and hearing from 80 witnesses across 30 public sessions, uncovering the causes of the blaze that killed 168 people. The panel, chaired by Justice David Lok Kai-hong, wrapped up its hearings on Friday after proceedings that began on March 19. The inquiry examined evidence and testimony...
India’s first privately built orbital rocket took its maiden flight on Saturday, its company said, marking a significant step for the South Asian giant as it eyes a bigger slice of the global space economy. The Vikram-1 rocket, built by Skyroot Aerospace and designed to carry small satellites into low-Earth orbit, took off from the Satish Dhawan Space Centre in Sriharikota amid loud cheers. “Hello...
Indonesia is pushing ahead to transform the holiday island of Bali into an international financial centre, with its parliament set to debate new laws this week while a key conference set out targets and cited models such as Hong Kong as an example. Minister of Investment and Downstream Industry Rosan Roeslani, who heads state-owned sovereign wealth fund Danantara Indonesia, said the financial cent...
In Abidjan, the commercial capital and economic engine of Ivory Coast, the extent of Chinese infrastructure development is a permanent feature of the transport and trade networks. This includes the Alassane Ouattara Bridge, commonly known as the Cocody Bridge, which links the affluent eastern district of Cocody to the business centre of Plateau. The expansion of the Port of Abidjan’s second contai...
The Hong Kong government has indicated that it is unlikely to hold a by-election to fill the vacancy left by former lawmaker William Wong Kam-fai’s resignation over his drink-driving and hit-and-run case, citing time constraints and concerns about cost-effectiveness. Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa also said on Saturday that the government had received 2,500 sub...
