Hong Kong government proposes raising bond programme borrowing ceiling from HK$700 billion to HK$900 billion for infrastructure projects
In a significant move to bolster infrastructure development, the Hong Kong government has proposed raising its borrowing ceiling for bond programmes from HK$700 billion to HK$900 billion (approximately US$115 billion). This proposal was announced by Andrew Lai Chi-wah, the permanent secretary for financial services and the treasury, during a Legislative Council subcommittee meeting on Thursday. Officials have stated that the increased borrowing cap would sufficiently cover funding for infrastructure projects over the next three years. Lai reassured lawmakers, including Robert Lee Wai-Wang, about the adequacy of the new limit to support projects unless "significant and unforeseen events" arise. The proposal... [Continue Reading]
360LiveNews | 09 Apr 2026 15:55
Major US airlines increase baggage fees amid rising oil prices linked to conflict in the Middle East
Major US airlines are raising their baggage fees as a response to soaring oil prices resulting from the ongoing conflict between the US and Israel in Iran, which has significantly impacted the aviation industry's operational costs. As the situation persists, carriers Delta Air Lines, United Airlines, and JetBlue Airways have enacted these fee increases, leading to higher costs for travelers. This decision comes in tandem with Delta's announcement of an anticipated pretax profit of approximately $1 billion for the quarter ending in June. On Tuesday, Delta officially revealed its increased baggage fee structure, which will be effective starting Wednesday. Under... [Continue Reading]
360LiveNews | 08 Apr 2026 15:13
