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35d06/01

Philippines, Vietnam close ranks on South China Sea as To Lam visits

The leaders of Vietnam and the Philippines upheld the importance of keeping the freedom of navigation in the South China Sea amid tensions in the strategic waterway where Beijing lays expansive claim. “As fellow claimant states, we reaffirm that maintaining peace, stability and the freedom of navigation and overflight in the South China Sea remains non-negotiable,” Philippine President Ferdinand Marcos Jnr said. He spoke at a joint briefing with visiting Vietnamese leader To Lam after their...

unclassifiedchina · asia
35d06/01

Hong Kong government’s venture fund eyes bigger bankroll after double-digit return

The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of...

unclassifiedchina · asia
35d06/01war-conflict · 3/5

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Hong Kong’s finance chief has said the Middle East war has played only a limited role in driving up local inflation, noting the city’s service-based economy and stable energy supplies from mainland China have mitigated the effects of external shocks. Briefing the Legislative Council on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to affect fuel-related consumer prices, pushing inflation higher. “Rising international oil prices will continue to...

unclassifiedchina · asia · usa
35d06/01war-conflict · 2/5

China honour guards undergo rigorous training – precise marching, standing still for 3 hours

The Chinese soldier who went viral for remaining completely still as the US presidential aircraft, Air Force One, taxied nearby during a recent visit to China by Donald Trump, has spoken about the rigours of his job. Liu Zhencheng, 23, who serves in the Beijing Armed Police Corps, was on duty when the US delegation touched down in Beijing. The armed police follow the rules of the People’s Liberation Army (PLA), receive the same treatment as the PLA and obey the leadership of the Central Military

unclassifiedchina · asia · usa
35d06/01

Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks

Demand destruction resulting from higher prices will somewhat soften the blow from physically tighter oil markets, Goldman Sachs commodity analysts said in a note. “We see significant upside price risks from potentially more persistent Mideast supply losses but also meaningful price downside from weaker demand,” the team said, as quoted by Bloomberg. “Actual end-use oil demand may have fallen more in response to higher prices than expected.” The investment bank’s analysts estimate that the exten

unclassifiedmiddle-east · russia · usa
35d06/01

Sequence of loan repayment and restructuring

To families with very high incomes: did you first pay off your home loan (variable interest rate over 25 years, currently 665k remaining debt, approx. 3.3% effective interest rate) Etf: approx. 160k, daily allowance approx. 70k Additionally: small renovated holiday apartment in a ski resort in Austria, which we want to sell and hope to get 250-300k for. The question is how and when it will sell... Originally we didn't want to make a lot of special repayments but rather save for the renovation and then renovate it in 2-3 years (approx. 55

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