logo
InvestHK to deepen economic ties with Canadian investors and businesses

InvestHK to deepen economic ties with Canadian investors and businesses

Malay Maila day ago

HONG KONG SAR - Media OutReach Newswire - 11 June 2025 - Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng will commence his duty visit to Canada from June 8 to 14 to deepen economic ties with Canadian investors and businesses."Hong Kong and Canada have long shared a strong and mutually beneficial investment relationship. In 2023, Canada ranked eighth among the major sources of inward direct investment into Hong Kong, contributing over US$34 billion. At the same time, Hong Kong made outward direct investment of around US$10 billion to Canada, reflecting the deep economic ties and two-way confidence between our markets," Mr Ng said. "Hong Kong will continue to play its unique role as both a 'super connector' and a value creator, bridging traditional and emerging markets and unlocking new opportunities for Canadian businesses."During his visit to Waterloo, Toronto and Montreal, Mr Ng will meet with investors, family offices, multinationals, Canadian start-ups, academia and business leaders to explore new opportunities for collaboration and showcase Hong Kong's unique advantages as a launchpad for Asian expansion. Key discussions will focus on leveraging the city's strategic gateway position to Mainland China and its business-friendly environment for scaling operations.Mr Ng will host exclusive roundtables for entrepreneurs and Canada-Hong Kong ecosystem partners to highlight Hong Kong's strengths in wealth management and cross-border investment solutions. He will also participate in networking events to promote Hong Kong FinTech Week x StartmeupHK Festival 2025, inviting Canadian investors and entrepreneurs to visit Hong Kong November 3 to 7, engage with Asia's dynamic markets, and experience the opportunities Hong Kong offers firsthand.Hong Kong and Canada have established longstanding and strong ties across trade, investment, tourism, and cultural exchanges. This relationship was further strengthened by the Investment Promotion and Protection Agreement, which came into effect in September 2016, providing Canadian and Hong Kong investors with a transparent and secure environment to foster cross-border investment. In 2023, Canada ranked as Hong Kong's ninth largest services trading partner, with bilateral trade growing at an average annual rate of 2.2 per cent from 2019 to 2023.Hashtag: #InvestHK
The issuer is solely responsible for the content of this announcement.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Asean's ambition of being world's fourth biggest economy by 2030 well within reach: Tengku Zafrul
Asean's ambition of being world's fourth biggest economy by 2030 well within reach: Tengku Zafrul

The Sun

time2 hours ago

  • The Sun

Asean's ambition of being world's fourth biggest economy by 2030 well within reach: Tengku Zafrul

KUALA LUMPUR: Asean's ambition to become the world's fourth-largest economy by 2030 is well within reach, provided the region sustains an annual gross domestic product (GDP) growth rate between 4% and 5%. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz highlighted the region's robust growth prospects at the official launch of the Asean Economic Community (AEC) Strategic Plan today. 'Our economists have thoroughly analysed the growth projections for all Asean economies under current conditions, and we are confident that the targets are indeed achievable,' he said. Tengku Zafrul noted that the Asean Secretariat projects regional GDP growth at 4.7% for 2025, as presented at the latest Asean Economic Ministers' Meeting. 'But things are very dynamic. It depends on the global economic situation. The IMF (International Monetary Fund) will also produce their forecast of global growth,' he said, stressing the need for vigilance amid shifting external factors. Tengku Zafrul emphasised the AEC Strategic Plan's role in keeping Asean's policies current and responsive to evolving business needs and emerging challenges. 'As the first instalment of this long-term vision, the plan serves as a comprehensive roadmap that outlines a clear and actionable path forward,' he said. The plan has been carefully crafted to implement the economic aspects of the Asean Community Vision 2045, leveraging the region's vast opportunities and potential. A key pillar of the plan is the establishment of a forward-looking digital economic framework, which is expected to double Asean's digital economy to US$2 trillion (RM4.5 trillion) by 2030. The focus on digital transformation, alongside sustained economic integration and resilience, positions Asean to not only achieve its growth targets but also to strengthen its global influence. On the domestic front, Tengku Zafrul sees positive signals from foreign investors in Malaysia, with no indication of existing investors withdrawing their commitments despite ongoing global uncertainties. 'So far, no existing investors have expressed any intention to exit Malaysia. They remain committed to their investments, and no cancellations have been announced.' However, he observed that new investors are adopting a more cautious, 'wait and see' approach, influenced by heightened geopolitical tensions – particularly between the United States and China – and broader global volatility. Looking ahead, Tengku Zafrul said his trade negotiations in Washington on June 18 will focus on reducing tariffs on Malaysian exports. 'The negotiations are essentially to address the current tariff structure, where the US has imposed a 24% tariff on Malaysia. Our first goal is to bring that down.' The second objective is to identify key sectors where Malaysia believes tariffs should be reduced even below the 10% floor, targeting industries important to both Malaysian exporters and the US economy. In April, the US government announced new tariff measures affecting more than 60 countries, including Malaysia. The implementation of these tariffs has been paused for 90 days to allow room for negotiations.

ShopBack and Mastercard Partner to Deliver Exclusive Cashback Rewards for Hong Kong Online Shoppers
ShopBack and Mastercard Partner to Deliver Exclusive Cashback Rewards for Hong Kong Online Shoppers

Malay Mail

time4 hours ago

  • Malay Mail

ShopBack and Mastercard Partner to Deliver Exclusive Cashback Rewards for Hong Kong Online Shoppers

ShopBack collaborates with Mastercard to unveil an exclusive cashback promotion, offering shoppers a seamless rewards experience and enhanced savings. [1] Monthly Lucky Draw Trade Promotion Competition Licence: 59819-21; Quarter Lucky Draw Trade Promotion Competition Licence: 59816-8. [2] For full details on terms and conditions (T&Cs), please visit: Mastercard on ShopBack only for ShopBack app HONG KONG SAR - Media OutReach Newswire - 12 June 2025 -, Asia's leading cashback shopping platform, has announced a strategic partnership with Mastercard to introduce an, empowering Hong Kong shoppers with enhanced savings when they link their eligible Mastercard cards and purchase at selected merchants via the ShopBack collaboration between ShopBack and Mastercard reinforces ShopBack's commitment to maximizing financial benefits for users while providing an integrated and hassle-free shopping experience, upholding ShopBack's philosophy: "If it's not a steal, it's not a ShopBack Deal." From now until, eligible Mastercard cardholders in Hong Kong can unlockwhen shopping at renowned brands such as UNIQLO, FARFETCH, Nike, Selfridges, NET-A-PORTER and more via the ShopBack app. Furthermore, Mastercard cardholders are now automatically enrolled in the 2025 Mastercard Golden Rewards Lucky Draw Campaign [1], earning one entry for every eligible transaction made until June 30, 2025 and stand a chance to win exciting prizes in spending credit. This exclusive promotion is designed to offer users effortless rewards, withandrequired[2].Once users complete qualifying purchases, cashback will be automatically credited to theirupon merchant confirmation, with instant redemption options available through. Whether booking hotels and flights for their next getaway, ordering their favorite takeout, or shopping online, shoppers can earn cashback effortlessly on all these purchases, maximizing their rewards while enjoying the convenience of streamlined spending., stated: "Our partnership with Mastercard marks an exciting milestone for ShopBack as we continue to create innovative ways to reward our users. With this simple and seamless promotion, we're making online shopping even more enjoyable while strengthening our commitment to delivering value to Mastercard cardholders and our customers. We look forward to growing together with Mastercard in the years ahead."The strategic collaboration between ShopBack and Mastercard marks a significant milestone in digital rewards innovation, offering shoppers cashback benefits while driving customer engagement, loyalty, and transaction growth. Beyond immediate perks, this partnership establishes a sustainable rewards ecosystem, positioning ShopBack as Asia's leading cashback platform and Mastercard as a preferred payment partner for value-driven shopping experiences. With market expansion, fintech innovation, and future-focused incentives, this alliance paves the way for long-term success in the evolving e-commerce #ShopBack The issuer is solely responsible for the content of this announcement. About ShopBack ShopBack is Asia's leading cashback platform, offering users an easy and seamless way to earn cashback on purchases. Simply shopping through ShopBack's app allows users to receive cashback directly into their ShopBack account upon completing their orders and merchant confirmation. Cashback withdrawals are seamlessly processed via FPS or transferred to cash dollars, ensuring instant accessibility for travel bookings, dining experiences, and shopping purchases, allowing users to enjoy their rewards effortlessly and smoothly. For further details and to start earning cashback today, visit:

Arup drives global infrastructure collaboration at IIICF
Arup drives global infrastructure collaboration at IIICF

Malay Mail

time5 hours ago

  • Malay Mail

Arup drives global infrastructure collaboration at IIICF

HONG KONG SAR - Media OutReach Newswire - 12 June 2025- The 16th International Infrastructure Investment and Construction Forum (IIICF), co-hosted by the Macao Commerce and Investment Promotion Institute (IPIM) and the China International Contractors Association (CHINCA), took place from 10 to 12 June at The Venetian Macao Cotai Expo. At the event, global built environment consultancy Arup hosted a parallel forum on 'Unlocking opportunities in global infrastructure collaboration through total engineering'. The event gathered industry leaders from around the world to discuss the opportunities and challenges presented by large-scale international infrastructure projects. Participants also explored collaborative approaches to integrated engineering design and project forum opened with keynote speeches by; and. TC Chew remarked:"The APAC region offers immense potential for infrastructure development, alongside unique complexities. At Arup, we are addressing these challenges using Total Design. This holistic approach brings us a comprehensive view on what's possible, desirable, and commercially viable. It enables us to integrate diverse expertise through seamless collaboration, creating innovative and sustainable solutions that adapt to changing client needs and regional obstacles. By delivering impactful projects that resonate with local communities, we drive meaningful change, shaping a resilient and sustainable built environment for the future."Further keynote addresses were given by. Kate said:"The Asia-Pacific region will see one of the highest construction industry growth rates of any region globally over the next 10 years, driven by the outperformance of key emerging markets including Indonesia, Malaysia, Vietnam and the Philippines. This growth is driving huge demand for skills and capital across the building and infrastructure sectors, amid a broader economic expansion. At Arup, we're harnessing our global expertise and deep local relationships across our integrated APAC region to navigate these complexities—sharing knowledge, building capabilities, and delivering better outcomes for our clients and communities."Two panel discussions followed, with prominent industry experts sharing insights on large-scale international infrastructure projects. The first panel, titled 'Challenges and opportunities of large-scale international infrastructure projects' was moderated by TC Chew. Panellists included; and. Together, panellists discussed the various challenges in international infrastructure development including financing, new technologies, environmental protection, and policies and regulations. They also exchanged ideas on how to make the most of complementary strengths, promote new types of partnerships, and ensure everyone benefits from the following keynote speeches were delivered byand. Michael, who has led aviation, road, utility, and planning projects, and David, an expert in IT strategy and project management, shared their experiences on large, multidisciplinary infrastructure projects. They also offered perspectives on the future of infrastructure second panel discussion was moderated by, and featuredand. Drawing on their experiences, the panellists analysed design technology, market culture, ecological demands, and collaborative approaches that can drive progress in smart, green, and sustainable infrastructure the role of the Mechanism for International Sustainable Infrastructure Promotion (MISIP) in multi-stakeholder collaboration with several experts at another panel discussion. She said:"MISIP offers a valuable platform that brings together governments, investors, and technical experts to accelerate the development of sustainable infrastructure. At Arup, we believe that the most resilient and future-ready solutions emerge when diverse stakeholders collaborate from the outset. MISIP enables this by fostering shared understanding, aligning priorities, and encouraging innovation across sectors and geographies. It's a much-needed mechanism to help cities and communities transition toward more inclusive, low-carbon, and adaptive infrastructure systems."There has been an increase in international cooperation in infrastructure construction, thanks in part to national policies such as the Belt and Road Initiative. Arup believes this forum, which has brought together experts and leaders from various sectors, will promote more project resource sharing and multidisciplinary collaboration. It will also help industry professionals stay informed about market trends, challenges, and opportunities, and ultimately support the international infrastructure #Arup The issuer is solely responsible for the content of this announcement. About Arup Arup is a global built environment consultancy with advisory and technical expertise across more than 150 disciplines. We create safe, resilient, and regenerative places, bringing a Total Design approach to our work for our clients. With over 40 years of experience in China, we are at the forefront of industry development. Our projects span landmark architecture, large-scale infrastructure, as well as regional and city-scale planning, strategic management consultancy and digital services. Our portfolio includes iconic projects such as the Sydney Opera House, the Centre Pompidou in Paris, the Queensferry Crossing in Scotland, and Singapore's Changi Airport. In China, we have contributed to a series of significant projects such as CCTV Headquarters in Beijing, the National Stadium and the National Aquatic Centre (the 'Bird's Nest' and 'Water Cube'), the Hong Kong–Zhuhai–Macau Bridge, and the Shanghai urban drainage master planning. Through these projects, we have not only witnessed China's urban growth and prosperity but also demonstrated our technical excellence and extensive project experience.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store