Asia Pacific Jul 24, 2023
Typhoon Doksuri rapidly intensifies and may hit northern Philippines
The typhoon, called Egay in the Philippines, has maximum sustained winds of 140 kph and gusts of up to 170 kph, the country's weather agency has said.
The typhoon, called Egay in the Philippines, has maximum sustained winds of 140 kph and gusts of up to 170 kph, the country's weather agency has said.
The reopening will be a slow process, with a limit of about 60,000 people allowed to travel into the mainland from the financial hub every day.
As the pandemic recedes, a new Hong Kong is emerging — one that’s less free, less cosmopolitan and, for some businesses, less vital than the old one.
Strict COVID-19 policies are prompting finance professionals to abandon a city with low taxes, ease of travel, top class schools and a vibrant night-life.
Both the city's strict COVID-19 polices and the imposition of the national security law have prompted a population outflow that looks set to intensify in 2022.
Hong Kong-based LIM Advisors has been buying distressed bonds in Chinese property developers even as the fallout from China Evergrande Group deepens.
The COVID-19 outbreak and unprecedented lockdowns prompted the International Monetary Fund to predict that the recession would be the steepest in almost a century.