TG Thursday June 26th, 2025
Tripperhead Gazette
New boss at MTR Corp.
New fees at ImmiD for lots of things.
Hong Kong still most expensive city to buy an apartment; and rents are going up.
All this and the rest of Thursday’s news that matters 👇
1. On Wednesday afternoon MTR Corp announced their new CEO starting in 2026; Jeny Yeung.
Then around half a day later, MTR announced yet another signal fault during peak hour.
Jeny might want to get those signal faults sorted when she takes the reins.
2. According to data from Deutsche Bank, HK continues to be the most expensive place on the planet, even as prices continue drop.
On that second chart, I don’t think Hong Kong is going to stay in 7th place for too long. New research from Knight Frank expects rental prices in the city to increase by another 3-5% this year.
3. The Hong Kong Monetary Authority had to buy a heap of Hong Kong dollars for the first time in two years to prop up the HKD-USD peg.
HKMA’s official response is below, and is mostly gobbledygook to a non-banker like me.
4. As speculated earlier, the US Consul-General announced at Thursday’s Independence Day function that he is indeed off to Beijing.
No, the Education Secretary was not invited. Secretary for Commerce and Economic Development Algernon Yau was though!
May went out swinging, mentioning the Jimmy Lai case to reporters after the event.
5. The Immigration Department has announced a rather of price increases for services, including HK passports. The changes are set for September.
6. And finally, CR7 will visit CR7 at the CR7 Museum in July.
CR7 is still a big winker.