Author: MIL-OSI Publisher

Source: Hong Kong Information Services

The Census & Statistics Department announced today the relocation of its headquarters to the Tseung Kwan O Government Offices, effective March 30.

The new office is located at 9/F-16/F, South Tower, 30 Tong Yin Street, Tseung Kwan O. Service hours at the headquarters office will remain unchanged, 8.45am to 6pm, Monday to Friday, except public holidays.

To facilitate the move, the current headquarters office at 16/F-22/F and 25/F, Wanchai Tower, 12 Harbour Road, Wan Chai, will close after service hours on March 27.

Call 3863 2828, fax at 2802 4000 or send an email for enquiries.

Source: Hong Kong Information Services

The Transport Department today urged members of the public not to be misled by messages on social media claiming that Hong Kong residents can apply directly for permanent “Guangdong-Hong Kong Regular Quotas” for their vehicles.

The messages are being referred to law enforcement agencies for follow-up.

The department clarified that applicants must first meet the application requirements stipulated by the competent Mainland authority, and submit to it documents such as business registrations for both Guangdong and Hong Kong. Upon receipt of Mainland Approval Notice, applicants can then apply to the department for a Closed Road Permit for designated land-based boundary control points.

Highlighting that the arrangements involve both Hong Kong and Guangdong authorities, the Transport Department advised applicants to refer to official announcements, verify messages carefully and stay alert against deception, in order to avoid disruption to their travel plans.

Source: Republic of China Taiwan

Minister of Economic Affairs Kung Ming-Hsin chaired a meeting on March 23 regarding “Impacts of the Middle East Conflict on Domestic Petrochemical Raw Materials and Downstream Products.” The meeting convened relevant agencies, including the Administration for Industrial Development, the Energy Administration, the Department of Commerce, and the CPC Corporation, to discuss countermeasures. Minister Kung noted that recent instability in the Middle East has raised concerns among Taiwan’s industries regarding the supply and price volatility of helium – essential for semiconductor manufacturing – as well as petrochemical raw materials and downstream products. Consequently, the Ministry of Economic Affairs (MOEA) has launched monitoring and response mechanisms for supplies of essential products. At this stage, the core objectives are to “prioritize the stabilization of domestic supplies and mitigate impacts on industries.” The Minister urged the public and businesses to remain confident.

Regarding helium supplies, imports previously relied heavily on Qatar as the source due to price factors. Following confirmation with Taiwan’s three major gas suppliers, alternative imports from the United States are currently available, thus ensuring a sufficient supply overall. Furthermore, drawing on the experience of the helium shortage in 2021, major domestic semiconductor manufacturers had already established recycling systems, which has helped to enhance supply resilience.

Regarding petrochemical raw materials (e.g., methanol, polyethylene (PE), and polypropylene (PP)) that are primarily imported from the Middle East, the MOEA is actively assisting industries in expanding alternative sources of imports to diversify risks. Additionally, the MOEA will conduct an inventory of the surplus stocks of domestic manufacturers and coordinate inter-enterprise assistance as needed. As for downstream consumer plastic products, the current inventory of retail channels is sufficient and supplies remain normal.

For certain plastic packaging manufacturers (such as those producing plastic bags, films, and containers) that had previously reduced production due to market factors, the MOEA has confirmed that their production capacity is intact and will assist in resuming production at any time based on market demand to ensure supply chain stability for consumers.

The MOEA is prioritizing the basic operations of domestic supply chains by coordinating across agencies, cooperating with industries, and imposing real-time response measures to ensure stable supplies and reasonable pricing of key raw materials. The following measures will continue to be implemented to mitigate impacts on the petrochemical and downstream industries:
1. Coordinating with Major Petrochemical Plants to Prioritize Domestic Demand: This coordination is to prioritize the domestic market and strive to meet the needs of small and medium-sized enterprises (SMEs) and downstream consumer demand, thereby reducing the impact of international supply fluctuations on domestic supply chains.
2. Urging Enterprises to Reasonably Reflect Costs: For products manufactured using existing contract prices or existing raw material inventories, enterprises are urged to supply markets at reasonable prices and refrain from raising prices due to speculations in order to maintain the stability of domestic prices.
3. Strictly Preventing Malicious Hoarding and Price Gouging: Upstream manufacturers are urged to supervise their downstream wholesalers to ensure there are no abnormal procurements, hoarding, or shipping delays. The MOEA calls on enterprises to practice rational procurements to maintain market order and stabilize consumer prices.
4. Tracking the Situation and Coordinating Supplies of Materials: The MOEA will continue to maintain close contact with industry stakeholders. Manufacturers who face shortages despite previously having stable sources of petrochemical raw materials can seek assistance through the MOEA’s dedicated matchmaking hotline (02-2701-1669, ext.105~107).

Spokesperson: Mr. Yu-Hsin Chou, Deputy Director General, Industrial Development Administration
Tel: 886-2-27541255 ext.2902/886-910-316969
Email: ystzou3@ida.gov.tw

Contact Organization: Consumer Chemical Industries Division, Industrial Development Administration, (MOEA)

Contact Person: Mr. Ku-Sung Weng, Director
Tel: +886-2-27541255 ext.2301
Email: ksweng@ida.gov.tw

Source: Hong Kong Government special administrative region

     ​Following is the speech by the Chief Executive, Mr John Lee, at the principal dinner of the Wealth for Good in Hong Kong Summit today (March 23):

Distinguished guests, ladies and gentlemen,      
     Hong Kong’s assets under management rose 13 per cent, year-on-year, to over US$4.5 trillion at the end of 2024, that is 11 times our GDP. The momentum carried into 2025, with Hong Kong-domiciled funds recording strong net inflows of US$45.8 billionfor the year – a testament to the trust Mainland and international investors continue to place in Hong Kong’s market.

Source: Hong Kong Information Services

A principal dinner was held by the Government this evening, bringing together about 130 family office decision-makers from Asia, Europe, the Americas, Oceania and Africa to set the stage for the fourth edition of the Wealth for Good in Hong Kong Summit themed “Building Lasting Legacies”, which will take place tomorrow.

Chief Executive John Lee said in his welcome remarks: “More and more family offices are turning to Hong Kong. We are now home to over 3,380 single family offices – a 25% increase in the past two years. More than half of them have second-generation members, or beyond, in leadership roles. This reflects the confidence that ultra-high-net-worth families have in Hong Kong as a base for wealth transfer between generations.”

The evening’s highlight was a magnificent “human-robot lion dance” performance at the start.

Set against a vibrant blend of heritage and innovation, dinner attendees had an enjoyable night filled with great food and lively exchanges.

Tomorrow, family office decision makers and successors from around the world will engage in thought leadership by speakers on three core themes – “Strategic Asset Management for Family Legacy”, “Cultural Value Foundation for a Thriving Market”, and “Smart Tech Innovation Driving Capital Appreciation” – as well as a fireside chat on “Sports & Philanthropy” at the summit.

These conversations aim to inspire participants in various ways towards building legacies, reinforcing Hong Kong’s status as the premier hub for global family offices for legacy planning and value creation.

Source: Hong Kong Information Services

The independent committee probing the fire at Wang Fuk Court in Tai Po announced today that it will hold the second and third rounds of 13 evidential hearings from April 8 to 30.

The committee will continue to receive oral evidence from witnesses, including Wang Fuk Court residents and representatives of the involved parties. A list of the exact witnesses who will be giving evidence at each hearing will be released online in due course.

The second round of hearings will be conducted in Cantonese from 10am to 1pm and from 2.15pm to 4.30pm on April 8, 10, 13, 15, 16 and 17, at the Multi-purpose Hall, 3/F, City Gallery, Central. Simultaneous interpretation in Putonghua and English will be provided.

People who wish to observe the second round of hearings must pre-register online from 10am on March 25 to 10am on March 28.

A total of about 360 seats will be available for public observation in the main venue and two transmission areas. About half of the seats will be set aside for residents of Wang Fuk Court on a priority basis.

Source: Hong Kong Information Services

In view of the continued deterioration of the situation in the Middle East regions, the Hong Kong Special Administrative Region Government today raised the Outbound Travel Alert (OTA) for Iran and Israel to black, and issued amber alerts for the following Middle East countries, including Bahrain, Jordan, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

Due to the highly unpredictable security situation in Iran and Israel, the Hong Kong SAR Government advises Hong Kong residents to avoid all travel to Iran and Israel. Those already there should attend to personal safety and leave or relocate to relatively safe regions immediately.

Hong Kong residents who intend to visit Bahrain, Jordan, Oman, Qatar, Saudi Arabia and the UAE or are already there should exercise caution, attend to personal safety, pay attention to local announcements on the latest situation and notices on consular services from the local Chinese Embassies/Consulates-General.

Moreover, while Kuwait is currently not covered by the OTA System, the Security Bureau has updated the OTA webpage regarding supplementary information for Kuwait with a view to reminding residents to exercise caution and attend to personal safety.

Any updates will be issued through the media, the bureau’s mobile app and the OTA webpage.

Hong Kong residents who need assistance can call the 24-hour hotline at (852) 1868, call the 1868 hotline using network data or use the 1868 Chatbot via the department’s mobile application.

They can also send message to the 1868 WhatsApp assistance hotline or 1868 WeChat assistance hotline, or submit the online assistance request form, or contact the local Chinese Embassies.

The information provided allows the Immigration Department to disseminate practical information to them through appropriate means when necessary.