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A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed...
China’s National Cultural Heritage Administration is putting museums nationwide on notice to strengthen emergency management during the summer peak season, following a series of operational failures, including a sudden power outage in Xian’s Terracotta Warriors museum last week. According to the notice published on Monday, there have been issues such as blackouts, air conditioning failures and sev...
While rising trade tensions between Beijing and Brussels continue to dominate headlines, Chinese exporters face a far more immediate and concrete threat: the boxes, wraps, and plastic bags protecting their goods. On Wednesday, the European Union’s Packaging and Packaging Waste Regulation (PPWR) became applicable across the bloc. Replacing a 1994 directive, the regulation sets requirements for ever...
In traditional Chinese culture, the cardinal directions – east, west, south, and north – represent more than mere points on a compass; they reveal how ancient societies comprehended life, death, and human nature. The Shuowen Jiezi, the earliest surviving dictionary of China compiled during the Eastern Han dynasty (25–220), explains the four cardinal directions in relation to the movement of the su...
Myanmar’s military is increasingly using drones, motorised paragliders and other low-cost aircraft to attack civilians, United Nations investigators said, even as the country’s rulers seek to project stability and gain legitimacy after a military-run election. The report by the UN-established Independent Investigative Mechanism for Myanmar released on Tuesday said attacks continued to rise from Ju...
Former Chinese premier Zhu Rongji, who helped engineer one of the greatest economic reforms in human history, has died. He was 97. Zhu, who served as China’s premier from 1998 to 2003, is remembered for tackling corruption, shaking up the centrally planned economy and overhauling the state-owned enterprise (SOE) sector. He was the mastermind behind negotiations for China’s World Trade Organization...
Former Chinese premier Zhu Rongji, who helped engineer one of the greatest economic reforms in the human history, has died. He was 97. Zhu, who served as China’s premier from 1998 to 2003, is remembered for tackling corruption, shaking up the centrally planned economy and overhauling the state-owned enterprise (SOE) sector. He also played a leading role in securing China’s entry into the World Tr...
Former Chinese premier Zhu Rongji, who earned a reputation as an economic reformer, has died. He was 97. Zhu, who served as China’s premier from 1998 to 2003, is remembered for tackling corruption, shaking up the centrally planned economy and overhauling the state-owned enterprise (SOE) sector. He also played a leading role in securing China’s entry into the World Trade Organization. Born in 1928 ...
The arrival of BTS’s world tour in Hong Kong next year is expected to be a sure-fire hit with the city’s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts. When BTS kicked off their Arirang world tour – their first since co...
The People’s Liberation Army and Indonesian forces have held joint naval exercises east of Taiwan, signalling deeper military ties between Beijing and Jakarta. Wednesday’s drill featured the PLA Navy’s Type 054A frigate Honghe and the Indonesian Navy frigate KRI I Gusti Ngurah Rai, the PLA Eastern Theatre Command said in a statement on its official social media account. The training covered mariti...
The People’s Liberation Army will conduct joint naval training with Indonesia in waters east of Taiwan, Beijing’s defence ministry announced on Tuesday. Scheduled for mid-August, the drill will feature the Chinese navy’s Type 054A frigate Honghe and the Indonesian Navy frigate KRI I Gusti Ngurah Rai, focusing on communications and at-sea replenishment, according to a statement by the ministry. “Th...
A school bus driver died in hospital and a passenger was slightly injured after their vehicle, which was carrying nearly 50 children, crashed inside Hong Kong’s Shing Mun Tunnel on Wednesday afternoon. The coach was travelling towards Tsuen Wan when it suddenly went out of control and struck the tunnel wall at around 3.30pm. Emergency responders found the driver, 71, unconscious at the scene. A wo...
A school bus driver lost consciousness and another passenger was slightly injured when the vehicle carrying about 50 children crashed inside Shing Mun Tunnel on Wednesday afternoon. The coach was travelling towards Tsuen Wan when it suddenly lost control and struck the tunnel wall at about 3.30pm. Emergency responders found the driver, a man in his fifties, unconscious at the scene. A female adult...
In Japan, complaints about bears have strained the resources of 40 per cent of local governments amid a surge in encounters with the animals this year. According to a government survey of 40 prefectural and municipal councils, 17 said bear-related complaints had disrupted their operations. Of those, 10 reported complaints that took up a lot of time, such as phone calls lasting more than an hour, w...
Officials have sold a potential US-led Pax Silica hub in the Philippines as a chance for the country to move up the technology supply chain, but as domestic backlash grows, Manila’s top diplomat to America has warned of losing the opportunity if they “drop the ball”. Analysts say Jose Manuel Romualdez’s message appeared aimed at critics but should be taken seriously, as regional rivals are also co...
The Hong Kong government has demanded that a contractor rectify faulty lifts in a new block at Queen Mary Hospital after multiple glitches delayed the launch of all clinical services at the building. A veteran electrical and building services engineer said it was unusual for 24 out of 28 lifts in a new building to malfunction, while a lawmaker said the situation involving Anlev Elex Elevator was “...
The Association of Southeast Asian Nations has a role to play in Hong Kong’s plans for its economy. Chief Executive John Lee Ka-chiu signalled as much when he touched on the city’s first five-year plan in his August 7 meeting with Asean Secretary General Kao Kim Hourn. For businesses, however, the central question is not whether Hong Kong-Asean economic ties will continue to grow. They will. The h...
A veteran Malaysian politician’s resignation from parliament and Prime Minister Anwar Ibrahim’s People’s Justice Party (PKR) to join a fledgling progressive rival widens an exodus of reformist figures as the ruling coalition reels from a string of electoral setbacks. Wong Chen, a three-term lawmaker who had spent nearly two decades in PKR, said on Wednesday that he had applied to join newly rebran...
We have put together stories from our coverage on science from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. US and Israeli physicists hail China’s glueball discovery as a ‘triumph’ The international physics community has hailed a Chinese-led discovery as a “triumph” after researchers presented the strongest evidence y...
Chinese AI start-up ModelBest has kicked off its pre-initial public offering (IPO) tutoring process for a listing in mainland China, capitalising on growing demand for compact artificial intelligence models that run locally on devices like smartphones and laptops, and in cars. The four-year-old company also appears to be banking on its small-model strategy to overcome China’s acute shortage of adv...
A man has suffered minor burns in a fire that spread to two huts and four speedboats in Hong Kong’s Sai Kung. The Fire Services Department said it received multiple reports of a blaze that broke out near a minibus terminus in Po Toi O village at 8.33am on Wednesday. It was classified as a No 1 alarm fire, the lowest in Hong Kong’s five-tier system. Firefighters arrived at the scene 14 minutes late...
A prolonged power outage since Sunday has forced a funeral parlour to limit burnings of paper offerings due to poor ventilation, though some of its other services have resumed. Power was restored at Global Funeral Parlour in Hung Hom on Wednesday, with lights and air conditioning returning across its five floors and large fans and air coolers deployed to further cool the premises. But the burning ...
When Iran’s President Masoud Pezeshkian told state television last week that he found it “very difficult” to reach the country’s supreme leader, it sparked fresh speculation about the whereabouts of Mojtaba Khamenei who has not been seen in public since taking over as the country’s ultimate authority in March. By Monday, Pezeshkian told the official broadcaster that the two had in fact recently he...
Snooker star Jimmy White, known as “The Whirlwind”, has become a Hong Kong resident through an official talent scheme, and has revealed plans to establish a snooker academy in the city to nurture local talent. The Hong Kong Immigration Department announced on Wednesday that the English player recently obtained his identity card and took up residency through the Quality Migrant Admission Scheme, jo...
The United States and 40 other nations have called for at least 24 hours’ notice before long-range ballistic missile launches, following a rare Chinese missile test in the Pacific last month that they said raised concerns over accidents and military miscalculation. In a joint statement released by the US State Department on Tuesday, the governments called on countries – particularly nuclear-weapon...
Deliveries of electric vehicles (EVs) in China fell 3.9 per cent in July from a year earlier, extending their decline to a seventh consecutive month as fading government incentives and weaker consumer demand weighed on the market. Domestic sales of pure electric and plug-in hybrid vehicles last month also fell 5.8 per cent from June, according to data from the China Passenger Car Association (CPCA...
A pyramid scheme mastermind has been uncovered, having transformed himself into a traditional Chinese culture guru who “educates” students through corporal punishment. In July, a pre-recorded video by a 16-year-old Chinese girl named Lin went viral among her friends. In the video, Lin pleads for help: “I don’t want to be sent to an internet addiction treatment school or a behaviour boot camp. If y...
A pyramid scheme mastermind has been uncovered, having transformed himself into a traditional Chinese culture guru who “educates” students through corporal punishment. In July, a pre-recorded video by a 16-year-old Chinese girl named Lin went viral among her friends. In the video, Lin pleads for help: “I don’t want to be sent to an internet addiction treatment school or a behaviour boot camp. If y...
A Hong Kong student has been spared jail for seditious acts in breach of the domestic national security law, after a court ruled that his good background, young age and the limited impact of his offences constituted “exceptional circumstances”. Leung Kai-lok, 19, is potentially the first person to avoid a custodial sentence for violating the Safeguarding National Security Ordinance, although he wa...
This article was first published on August 14, 2016. Lion City celebrates first golden hero by James Porteous Singapore exploded into celebration as it feted a new sporting hero yesterday (August 13, 2016) after swimmer Joseph Schooling did the improbable – beat his one-time idol Michael Phelps – to win the Lion City’s first ever gold medal. Schooling completed a wire-to-wire victory to deny Ameri...
