AGP Executive Report
Last update: 8 hours agoHong Kong–Philippines Connectivity: InfiniVAN says the Philippine-Singapore submarine cable segment was fully restored on Oct 3, after Friday outages left some ISPs with slower or intermittent service, while its Hong Kong link was under maintenance. Hong Kong Business & Policy: Hong Kong’s August retail sales rose 5.6% year-on-year for a 16th straight month of growth, and the city also lifted the minimum wage for foreign domestic helpers by 2.35% to HK$5,220. Trade & Enforcement: Hong Kong-linked goods were hit by customs action abroad: Subic intercepted a HK$6.7m shipment misdeclared as cooked tofu but found to contain frozen chicken and fish tofu. Finance & Markets: Taiwan’s central bank data shows US exposure by Taiwanese banks hit a new high, with the US accounting for 30.28% of total exposure. Cyber & Security: Cisco Talos details a China-linked espionage group using a Microsoft 365 “Antino” backdoor to run command-and-control via Outlook/OneDrive. Energy Watch: China started curbing fuel exports again, tightening global diesel and jet fuel supply. Innovation: HKUST researchers report a calcium-ion battery design reaching 1,000 cycles, a step toward alternatives to lithium-ion.
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