Hong Kong CE Apologizes After Report Finds Official Lapses in Deadly Tai Po Fire
Published 4 h ago3 sourcesEvidence: Reported
Hongkong Post reported a record operating deficit of HK$905 million for 2025-26, marking its ninth consecutive year of losses. The state-owned postal service attributes the shortfall to protectionism, tightening customs policies, rising terminal dues, and higher operating costs. The persistent losses highlight structural challenges in the postal sector amid geopolitical and trade headwinds, though the impact is limited to Hong Kong's fiscal position.
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