Government policy

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South Korean Finance Minister announces naphtha as economic security item amid Middle East crisis, with visuals of supply disruptions and government measures.
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Government to temporarily designate naphtha as economic security item

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South Korea's government will temporarily designate naphtha as an economic security item amid supply shortages from the Middle East crisis. Finance Minister Koo Yun-cheol announced measures like securing alternative imports and restricting exports. Petrochemical firms risk operational disruptions.

Hong Kong's Deputy Chief Secretary Warner Cheuk Wing-hing defended on Saturday the three-hour limit for residents of the fire-ravaged Wang Fuk Court to retrieve belongings, saying it prevents overcrowding, unfairness and delays. Each household can register up to four people, but only one at a time in severely damaged flats for safety. He noted that four people over three hours provide 12 hours total to pack.

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