Stories from Hong Kong

Authorities in Sai Kung will implement new measures starting tomorrow to promote marine conservation and information dissemination. The Sai Kung District Office is deploying measures to protect local marine environments, including popular tourism spots like Sai Kung, Tseung Kwan O, and outlying islands. Authorities in Sai Kung are implementing several measures to manage the May Day Golden Week influx, including deploying personnel, patrols, and assistants. Civil Engineering and Development Department personnel tested traffic conditions at a roundabout on a pedestrian bridge in Sai Kung.

Bitdeer is undergoing its second business transformation after entering the crypto asset sector in 2024. The market has experienced a period of low transaction volume and unestablished pricing. This surge follows a two-month period of continuous market fluctuations. The market has been under sanctions for two months, leading to a compressed environment where the dollar's value is being adjusted. Traders are attempting to compensate for losses as the market remains under pressure. The US dollar continues to hit record highs against the Iranian rial amid ongoing maritime blockade efforts. The source noted that the US has avoided direct bombing as previously promised, instead maintaining a blockade that Iran periodically attempts to bypass. The source stated that Trump is attempting to accelerate this process to avoid a long-term security crisis.

The company completed two transactions, including a $256 million purchase. XAH completed two transactions to restructure its business operations. The transaction included $256 million in cash and the issuance of shares to miners.

The Wong Fu Yuen Fire Independent Commission is continuing its hearings in Hong Kong. The decline exceeded 300 points during morning trading, with over 1,100 stocks falling. More than 1,100 stocks fell during a mid-week trading session in Hong Kong. The decline has reached over 1,100 falling stocks during a half-day session, following the US Federal Reserve's decision to hold interest rates steady for a third time. Analysts suggest market opinions are divided regarding potential interest rate cuts, which may not occur as quickly as expected. OCBC Bank Hong Kong economist Jiang Jing noted that Middle East tensions are creating high uncertainty and impacting global energy prices. Financial Secretary Paul Chan Mo-po stated that building a strong nation requires financial support and a powerful international financial center.

LiveGolf plans to inform staff and players that the Saudi Public Investment Fund will no longer bankroll the circuit beyond this summer. Founded in 2022, the league spent billions of dollars to attract top players, including two-time major winner Bryson DeChambeau. LiveGolf is reportedly evaluating strategic alternatives to continue operating following the funding withdrawal. A collapse of the league could jeopardize the careers and earnings of its star players. LiveGolf has not yet commented on the reports. The league has hosted tournaments in Hong Kong since 2024, with a fourth event planned for February next year in Fanling. The withdrawal could have repercussions for Hong Kong. The league, founded in 2022, will inform staff and players of the decision to end funding by the end of 2020 according to US media reports.

The Water Supplies Department has completed the installation of additional safety equipment at the Wan Er Reservoir to prevent tourists from approaching dangerous areas near viewing platforms. Overall management and activities of tourist groups are reported to be good. Police will continue to monitor the situation and liaise with industry and law enforcement agencies to ensure orderly and smooth activities and minimize community impact. An easterly airflow affecting Guangdong is being replaced by a southerly airflow, while a trough of low pressure is moving across South China. A low-pressure area in central China is expected to develop into a cold front by Saturday morning and move around Guangdong by Saturday afternoon. Expect windy conditions with scattered showers. Saturday morning temperatures around 25 degrees Celsius with brief sunshine.

Shooting practice is scheduled to take place in the Tsing Yi area from 8:00 AM to 9:00 PM.

A new antiviral molecular framework has demonstrated effectiveness against Respiratory Syncytial Virus (RSV) and Hepatitis B. Researchers noted the framework is not applicable to all viruses.

The Hong Kong Transport Minister stated that officials plan to expand the daily quota of Guangdong vehicles traveling to Hong Kong in an orderly and gradual manner. Lawmaker Aaron Bock of the Business and Professionals Alliance urged the government to expand the quota.

The Hong Kong special administrative government launched a subsidy program starting at midnight. Professor Yuen suggested considering employer-provided compensation models, such as using online doctors to screen patients. Hong Kong may introduce a diesel subsidy of 5 cents per liter by the end of next month. The Hong Kong government plans to provide a diesel subsidy of 0.05 per liter for taxis, minibuses, and school service vehicles. Petroleum Distribution Company Deputy General Manager Lo Hoi-yin stated the subsidy will target laundry factories, transport fleets, local ferries, and fishing boats. The Hong Kong Automobile Transport Workers' Union stated that weekly government reporting requirements, including ensuring diesel is used locally and not resold, have increased the administrative workload.