Hongkong Post reports record HK$905 million deficit in ninth year of losses

South China Morning Post - Oct 28, 2026

Hong Kong’s government-owned postal service reported a record operating deficit of HK$905 million (US$115 million) in 2025-26, its ninth straight annual loss. In its annual report published on Wednesday, Hongkong Post said the past year showed its “resilience and adaptability” despite a volatile economic environment and an escalating geopolitical situation. “The emergence of protectionism, tightening customs policies in various places, increasing terminal dues and rising operating costs posed...

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Hong Kong’s third medical school denies poaching veteran HKU professor

Hong Kong’s third medical school has dismissed allegations of talent poaching after recruiting a veteran haematologist with nearly three decades of service at the University of Hong Kong (HKU). On Wednesday, Professor Anskar Leung Yu-hung met the press at the Hong Kong University of Science and Technology (HKUST) in his capacity as the new medical school’s senior associate dean of medicine. “The opportunity to be part of a team to [build] a new medical school from ground zero, with a new...

Hong Kong’s third medical school denies poaching veteran HKU professor

Hong Kong exports jump nearly 65% in September, highest growth in over 40 years

Hong Kong’s exports jumped by 64.9 per cent year on year in September, the highest growth in more than 40 years, with artificial intelligence-related (AI) products further fuelling the momentum of recent months. Provisional figures released by the Census and Statistics Department on Wednesday showed the total value of exports rose to HK$762.6 billion (US$97.8 billion) last month, after a 53 per cent surge in August. A government spokesman said September marked the 20th consecutive month of...

Hong Kong exports jump nearly 65% in September, highest growth in over 40 years

Hong Kong luxury expo to connect brands with ‘high-spending travellers’

Private jets, fine jewellery, watches, superyachts and luxury property will feature in a new Hong Kong exhibition offering business opportunities to “brands, yacht owners and connoisseurs”, according to the organiser. The inaugural Festival of Connoisseurs, set to take place between November 4 and 6, is the first exhibition of its kind to secure government funding for large-scale international exhibitions, organiser Informa Markets said on Wednesday. Ryan Hui, deputy event director of the...

Hong Kong luxury expo to connect brands with ‘high-spending travellers’

Deliver accountability for Tai Po fire tragedy or admit system is broken

One word will hang over the Hong Kong community in the run-up to next month’s anniversary of the dreadful Tai Po fire that took 168 of our fellow citizens’ lives: accountability. By the time we mark the occasion, we will know if we still have a system based on ministers taking political responsibility for failures in their policy areas or whether we must revise our constitutional arrangements. The fire at Wang Fuk Court, which broke out on November 26 last year, traumatised the whole population...

Deliver accountability for Tai Po fire tragedy or admit system is broken

US Silver Star Medal reissued to late S. Korean veteran of Korean War

A late South Korean veteran who was awarded the U.S. Silver Star Medal for his role in a Korean War battle in 1952 has recently been reissued the medal posthumously after it went missing decades ago, officials said Wednesday. Late Army Staff Sgt. Nam Woon-soo was given the U.S. honor, as well as the Chungmu Order of Military Merit from the South Korean government, in 1953 for playing a key role in the Battle of White Horse Hill in what is the current border town of Cheorwon, some 80 kilometers northeast of Seoul. During the battle, Nam crawled his way up to the entrance of the enemy's position and destroyed it, making a decisive contribution to neutralizing enemy firepower. It was one of the Korean War's most fiercely fought battles between the U.S.-backed South Korean forces and the communist troops from China. After the medal went missing somehow, Nam had expressed frustration and regret before his death in 1997. His bereaved family later asked the South Korean government to reissue the medal, but the request was denied on grounds that it was issued by the U.S. government. In February t

US Silver Star Medal reissued to late S. Korean veteran of Korean War

Presidential office to hold emergency meeting over financial-sector hacking attacks

The presidential office was set to hold an emergency meeting Wednesday to discuss responses after hacking attacks on multiple financial firms led to customer data breaches. Song Ki-ho, vice chief of Cheong Wa Dae's National Security Office, will preside over the meeting, which will be attended by officials from the Financial Services Commission, the presidential office said. Mirae Asset Global Investments, crypto exchange Bithumb and Daishin Securities all reported data breaches involving customers earlier Wednesday following separate recent hacking attacks. The emergency meeting is expected to discuss the full extent of the damage from the cyberattacks and measures to prevent further damage.

Presidential office to hold emergency meeting over financial-sector hacking attacks

PPP slams defense minister over remarks on trusting US forces in event of war with N. Korea

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PPP slams defense minister over remarks on trusting US forces in event of war with N. Korea

PM pledges Korea will take lead in climate crisis response

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PM pledges Korea will take lead in climate crisis response

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Ex-justice minister, special counsel appeal martial law-related ruling

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Births up 13% in August to highest in 7 years

Regulatory standoff delays debut of Seoul's 1st modern streetcar line

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Regulatory standoff delays debut of Seoul's 1st modern streetcar line

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