Latest news with #HongKongSAR
Malay Mail
08-07-2025
- Business
- Malay Mail
TUMI Introduces Vibrant Urban-Inspired Fall 2025 Collection
(L to R): Alpha International Expandable Front Lid 4-Wheeled Carry-On, Brief Pack in Poster Print, Alpha Bravo Search Backpack in Electric Blue, Arrivé Hannover Slim Brief in Black (L to R): Voyageur Just In Case® Tote in Electric Blue Spray Paint, Celina Backpack in Mink, Olas Small Shoulder Bag in Oat and Agent Medium Tote in Sienna (L to R): 19 Degree Lite International 4-Wheeled Carry-On in Wine and Pavement, 19 Degree Aluminum International Carry-On in Black/Red and 19 Degree Aluminum Bar Set HONG KONG SAR - Media OutReach Newswire - 8 July 2025 -TUMI, the leading international travel, lifestyle and accessories brand, sets the stage for Fall 2025 with exciting new arrivals inspired by the city that never sleeps: New York. This season's collections celebrate the brand's 50-year legacy of innovation and enduring performance. Fall 2025 celebrates the movers, makers and creative spirits that drive the heartbeat of the concrete jungle with creations as multifaceted and resilient as the city 2025 features prints that pay homage to iconic wild postings scattered throughout the city streets. Select pieces fromandcollections are imagined infeaturing a torn poster graphic that alludes to the history underpinning all the innovations to come., known for high-performance "go-anywhere" silhouettes, finds a fresh feel with new core colorway:, an elevated alternative to classic black. Fall 2025 includes seasonal huesand, inspired by the metropolis's architecture, as well as new commuter-ready styles—andThis season, men's styles receive an exciting refresh as the premium, automotive-inspiredcollection introduces details like Carbon Fiber accents and quiet, magnetic zipper garages. The relaunch spotlights the, refined with modern accents and considered upgrades that elevate function and finish in this most sophisticated silhouette. Crafted with the same precision and polish,is the sleek, minimalist complement for streamlined business travel. Under Fall 2025, thecollection is diversified with styles like. Harrison also ushers in, a gradient technique that gives its whole-grain leather a distinctive, textured by bold graffiti art, TUMI's bestsellingstyles feature a dripped spray paint design. The signature tote also comes in three new diverse sizes. Folding completely flat,is perfect in every traveler's lineup. This season also introduces colorways across core Voyageur styles—including—with Mink, TUMI Red and Wine offering elevated versatility for life on the with sophistication in mind, brand newandcollections expand TUMI's offering for the modern minimalism with clean lines and soft structure in essential silhouettes like the Small and Medium Shoulder Bag., crafted in lightweight leather and finished with refined hardware, offers a seamless blend of fashion and function, ensuring every detail is thoughtfully iconiccollection returns with seasonal colorways inspired by the atmospheric elegance of autumn in the city's rich, grounded tones of Wine and Pavement—echoing the foliage, stone paths and park surroundings. Moonrock appears in, extending the palette's quiet sophistication across the broader tocomes an unexpectedly opulent. This luxurious set has everything needed to craft the perfect drink, including exclusive TUMI Cocktail recipe cards. Exquisitely packaged in a premium aluminum case featuring iconic 19 Degree contours, this bar set is the perfect lifestyle piece for TUMI out TUMI's 50th anniversary are select travel, lifestyle pieces and accessories featuring the signature TUMI Red Pantone deployed as an accent color and an all-over 2025 collections are available at TUMI stores worldwide and on . Stay tuned for exclusive content featuring Fall 2025 on @TUMITravel social #TUMI The issuer is solely responsible for the content of this announcement. About TUMI Since 1975, TUMI has been creating world-class business, travel, and performance luxury essentials, designed to upgrade, uncomplicate and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we're committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. For more about TUMI, visit and follow on Instagram, TikTok, Facebook, and YouTube. TUMI and TUMI logo are registered trademarks of Tumi, Inc. © 2025 Tumi, Inc.
Malay Mail
08-07-2025
- Malay Mail
Dorsett Mongkok Grants Travellers' 3 Wishes: 3 Extra Perks, 26-Hour Stays & 20% Savings on Direct Bookings
With Easy 5-stop Disneyland access & free shuttle to Hong Kong's top attractions Airport Express Ticket Premium Dim Sum Set Local Cha Chaan Teng Meal Local SIM card Tourist Octopus Free Room Upgrade & more... HONG KONG SAR - Media OutReach Newswire - 8 July 2025 - This summer, experience Hong Kong's magic at Dorsett Mongkok , the award-winning 4-star hotel crowned a TripAdvisor Traveller's Choice for 13 consecutive years. Located just– where the 20th Anniversary "Magical Party" begins June 28, 2025 – the hotel invites travellers to book itsGuests mayfrom options such as Airport Express tickets, a complimentary dim sum meal, room upgrades and more. The official website exclusive includesDorsett Mongkok offers an ideal location in the heart of Hong Kong's attractions, s. The property sits just a 7-minute walk from Olympic MTR Station and Olympian City shopping mall. For further exploration, the hotel'sprovides direct access to popular destinations including, and West Kowloon - home to Hong Kong's premier cultural attractions such asGuests can unlockthrough the Dorsett 3 Wishes room package , featuringto choose from:Guests who book directly through the hotel's official website unlock an– withdesigned for early bird arrivals or late-night city ultimate Hong Kong itinerary begins here - BOOK DIRECT to claim 3 complimentary wishes!*T&Cs #DorsettMongkok The issuer is solely responsible for the content of this announcement. Dorsett Mongkok, Hong Kong This 13-time TripAdvisor Traveller's Choice winner features 285 rooms, including Family Quad Rooms for four. Ideally located between Mong Kok and Tai Kok Tsui, the hotel is just 7 minutes from Olympic MTR Station, surrounded by local eateries, with complimentary shuttles to Tsim Sha Tsui and West Kowloon. Visit:
The Guardian
04-07-2025
- Politics
- The Guardian
Hong Kong code of conduct will oblige legislators to ‘sincerely support' Beijing
A new code of conduct in Hong Kong will require legislators to 'sincerely support' Beijing's jurisdiction on the city and the chief executive, and prohibits anything that might 'vilify' the government. The proposal for the new code, introduced on Wednesday, included tiered penalties for legislators who breach the code, including suspension without payment for the most serious offences. It stipulated that legislators must 'sincerely support the central government's overall jurisdiction while securing the Hong Kong SAR's [special administrative region's] high degree of autonomy', as well as the principle of 'patriots administering Hong Kong', referring to election reforms which ensure that only pro-Beijing candidates can run. 'They should not intentionally vilify the governance credibility of the chief executive and the SAR government, nor should they deliberately undermine or weaken the effectiveness of executive-led governance,' it said. The president of the legislative council of Hong Kong, Andrew Leung, told media the new rules wouldn't restrict legislators from speaking up, but they must be careful to 'not cross the red line', Hong Kong Free Press reported. Hong Kong's governance system has undergone major overhauls in recent years, after a crackdown on the city's pro-democracy movement and politicians saw major interventions by the government in Beijing. Every major democratic party has disbanded or begun the process of disbandment, and thousands of people – including politicians and activists – have been prosecuted under national security laws. A separate proposal this week flags new prison rules which include only allowing visits pre-approved by the correctional services department, would empower the department to consider restrictions on clergy visits, and seek rulings to bar visits by specific legal representatives to imprisoned clients. 'In the past, some people have abused the visiting mechanism and conducted visits in the name of 'humanitarian support',' said the amendment proposal. 'In fact, they are using soft means to influence prisoners, intending to incite them to resist the supervision of the correctional services department, arouse their hatred towards the central government and the SAR government, and even make them become potential risks to national security and public safety after returning to society.' The crackdown on Hong Kong's pro-democracy population has been widely criticised by human rights and legal groups. Senior foreign judges have left or resigned from Hong Kong's appeal court, with several specifically citing concerns over the new environment. Hong Kong authorities reject the claims. In an interview published by an academic journal this week, the UK's Brenda Marjorie Hale, who quietly declined an offer to extend her post on the Hong Kong court in 2021, said she was now 'all the more convinced that it was the right thing to do'. 'Because, as things have developed, the National Security Law has taken over the Basic Law,' she said, referring to Hong Kong's mini constitution. 'Even though the foreign judges are not likely to be asked to sit on national security cases, they are being asked to give respectability to a system that despite the best efforts ... are not going to succeed.' Additional research by Lillian Yang and Jason Tzu Kuan Lu
The Guardian
04-07-2025
- Politics
- The Guardian
Hong Kong code of conduct will oblige legislators to ‘sincerely support' Beijing
A new code of conduct in Hong Kong will require legislators to 'sincerely support' Beijing's jurisdiction on the city and the chief executive, and prohibits anything that might 'vilify' the government. The proposal for the new code, introduced on Wednesday, included tiered penalties for legislators who breach the code, including suspension without payment for the most serious offences. It stipulated that legislators must 'sincerely support the central government's overall jurisdiction while securing the Hong Kong SAR's [special administrative region's] high degree of autonomy', as well as the principle of 'patriots administering Hong Kong', referring to election reforms which ensure that only pro-Beijing candidates can run. 'They should not intentionally vilify the governance credibility of the chief executive and the SAR government, nor should they deliberately undermine or weaken the effectiveness of executive-led governance,' it said. The president of the legislative council of Hong Kong, Andrew Leung, told media the new rules wouldn't restrict legislators from speaking up, but they must be careful to 'not cross the red line', Hong Kong Free Press reported. Hong Kong's governance system has undergone major overhauls in recent years, after a crackdown on the city's pro-democracy movement and politicians saw major interventions by the government in Beijing. Every major democratic party has disbanded or begun the process of disbandment, and thousands of people – including politicians and activists – have been prosecuted under national security laws. A separate proposal this week flags new prison rules which include only allowing visits pre-approved by the correctional services department, would empower the department to consider restrictions on clergy visits, and seek rulings to bar visits by specific legal representatives to imprisoned clients. 'In the past, some people have abused the visiting mechanism and conducted visits in the name of 'humanitarian support',' said the amendment proposal. 'In fact, they are using soft means to influence prisoners, intending to incite them to resist the supervision of the correctional services department, arouse their hatred towards the central government and the SAR government, and even make them become potential risks to national security and public safety after returning to society.' The crackdown on Hong Kong's pro-democracy population has been widely criticised by human rights and legal groups. Senior foreign judges have left or resigned from Hong Kong's appeal court, with several specifically citing concerns over the new environment. Hong Kong authorities reject the claims. In an interview published by an academic journal this week, the UK's Brenda Marjorie Hale, who quietly declined an offer to extend her post on the Hong Kong court in 2021, said she was now 'all the more convinced that it was the right thing to do'. 'Because, as things have developed, the National Security Law has taken over the Basic Law,' she said, referring to Hong Kong's mini constitution. 'Even though the foreign judges are not likely to be asked to sit on national security cases, they are being asked to give respectability to a system that despite the best efforts ... are not going to succeed.' Additional research by Lillian Yang and Jason Tzu Kuan Lu
The Sun
03-07-2025
- Business
- The Sun
Hong Kong banks showed moderate balance sheet growth amid global uncertainty in 2024, KPMG report finds
HONG KONG SAR - Media OutReach Newswire - 2 July 2025 – Hong Kong's banking sector demonstrated steady growth and operational resilience in 2024, despite ongoing global economic headwinds. This is according to the newly launched KPMG Hong Kong Banking Report, which provides an in-depth analysis of the city's banking performance in 2024 and explores the major trends shaping its future, ranging from geopolitical and credit risk to digital asset innovation and AI transformation. The report reveals that the total assets of all surveyed licensed banks in Hong Kong rose by 4.5% to HK$24 trillion in 2024. Operating profit before impairment charges increased 7.8% to HK$318 billion, as banks continued to prioritise cost discipline and operational efficiency in the face of subdued loan demand and stable, but slightly compressed, net interest margins. Paul McSheaffrey, Senior Banking Partner, Hong Kong SAR, KPMG China, commented: 'Despite the challenging macroeconomic environment and the impact of US-China trade tensions, Hong Kong's banks have remained resilient. The sector's long-standing focus on prudent risk management, capital discipline, and ongoing investment in digital transformation has helped it adapt to volatility and maintain international competitiveness.' While total loans and advances reduced by 2.3% in 2024, total customer deposits increased by 4.1%. Asset quality came under pressure, with the sector's impaired loan ratio rising from 1.65% to 2.15%, reflecting the ongoing challenges in commercial real estate and the broader property sector. However, most banks have continued to exercise proactive risk management, including portfolio diversification and the adoption of digital tools to strengthen early risk detection. In line with KPMG's prediction in its 2024 Hong Kong Banking Report, the banking sector continued to navigate a challenging environment shaped by US monetary policy uncertainty, geopolitical tensions and economic strains in the Chinese Mainland. Terence Fong, Head of Chinese Banks, Hong Kong SAR, KPMG China, says, 'While Hong Kong's economy showed resilience in 2024, recent developments highlight the importance of continued vigilance. The escalation of reciprocal tariffs between the US and China since April 2025 has heightened downside risks for Hong Kong's trade-oriented economy and clouded the economic outlook. Continued vigilance will be crucial as banks navigate ongoing geopolitical uncertainty and macroeconomic challenges. Prudent capital management, agile pricing, and a renewed focus on emerging opportunities in Asia will be key to supporting sustainable growth.' The report also highlights the sector's progress in digital innovation. The Hong Kong Monetary Authority (HKMA) has been at the forefront of applications of blockchain technology for banks, with Project Ensemble serving as a landmark initiative exploring the use of wholesale CBDC (wCBDC) to facilitate the settlement of tokenised assets. On the retail side, the e-HKD initiative is progressing into its second phase, with the HKMA testing real-world applications of a retail CBDC. The HKMA has also finalised a regulatory framework for stablecoins which will provide better protection for the general public and investors. Banks in Hong Kong are also accelerating the adoption of artificial intelligence, particularly agentic AI, to enhance efficiency, risk management, and compliance. Angel Mok, Partner, Financial Services Technology Consulting, Hong Kong SAR, KPMG China, says, 'Agentic AI solutions have evolved faster than expected. While banks in Hong Kong remain cautious about potential risks, they are generally enthusiastic about Agentic AI and are adopting it at an increasing pace. Banks that take a strategic, data-driven approach to implementation will be well-positioned to lead in an increasingly competitive landscape.' Jia Ning Song, Head of Banking and Capital Markets, Hong Kong SAR, KPMG China, says, 'AI is already delivering tangible value for Hong Kong banks with quantifiable benefits. However, it is imperative that banks adequately address concerns around governance, risk, and trust. Building trusted AI systems is now essential for maintaining public confidence and ensuring the long-term sustainability of Hong Kong's banking system. Institutions further along in their digital journeys may be better positioned, while others may need to address foundational gaps first before scaling their AI initiatives.'
