prices
Coleman decries high gas prices amid $20m power investment as industrial growth hangs in the balance
The Managing Director of Coleman Technical Industries Limited, George Onafowokan, has issued a stark warning regarding the sustainability of Nigeria’s manufacturing sector, pointing to the exorbitant cost of industrial gas as a primary inhibitor of economic progress. Despite Coleman’s substantial commitment of over $20 million toward independent, gas-powered electricity generation, the firm continues to grapple […]
Typhoon Noul Batters Hong Kong, Stranding Thousands at Airport and Disrupting Travel Amidst Soaring Hotel Prices
Hong Kong International Airport (HKIA) became an impromptu shelter for approximately 2,000 passengers on Sunday, July 26, 2026, as the powerful Typhoon Noul swept across the region, causing widespread flight cancellations and stranding travelers overnight. While the Airport Authority scrambled to accommodate the unexpected influx with additional seating and provisions, many passengers expressed frustration over […]
Cathay Pacific Airways to Hike Fuel Surcharges by Up to 41 Percent Amidst Rising Global Jet Fuel Prices
Hong Kong flag carrier Cathay Pacific Airways is set to implement a significant increase in its passenger and cargo fuel surcharges, with hikes of up to 41 percent scheduled to take effect on August 1. This move follows a recent, albeit brief, period of declines in these supplementary charges, signaling a renewed upward pressure on […]
Soaring Fuel Prices and Regional Competition Threaten Hong Kong’s Aviation Hub Status Amidst Middle East Tensions
The escalating cost of jet fuel, exacerbated by ongoing geopolitical tensions in the Middle East, is prompting airlines to implement flight reductions, a move that aviation experts warn could temporarily diminish Hong Kong’s standing as a vital transit hub. While the full extent of the impact remains contingent on the duration of the Middle East […]
Hong Kong Authorities Dismantle Illegal Fuel Operations Amidst Soaring Global Oil Prices and Middle Eastern Tensions
Hong Kong authorities have conducted a series of raids on illegal fuelling stations, leading to the arrest of two men and the seizure of over 1,800 litres of petrol, valued at approximately HK$54,000 (US$6,891). This enforcement action comes as global oil prices continue their upward trajectory, exacerbated by escalating geopolitical tensions in the Middle East, […]
