InvestHK Welcomes Thai Energy Group Bangchak's Long-Term Commitment to Hong Kong as Its Regional Commercial and Trading Hub

InvestHK welcomes Thai energy group Bangchak's long-term commitment to Hong Kong as its regional commercial and trading hub

Invest Hong Kong (InvestHK) today (July 3) welcomed leading Thai energy group Bangchak Corporation Public Company Limited on the commencement of its Hong Kong fuels business, marking a significant long-term commitment to the city and positioning Hong Kong as its regional commercial and trading hub.

In February 2026, Bangchak announced the full acquisition of Chevron Hong Kong Limited at US$270 million. Under this completed deal, effective on June 30, the company - which will be renamed Bangchak Hong Kong - is now the fuels licensee of Caltex in Hong Kong and operates 31 service stations in Hong Kong under the Caltex brand, alongside oil storage terminals, and industrial, marine and commercial fuel operations, running as "Caltex licensed by Bangchak".

Associate Director-General of Investment Promotion of InvestHK Mr Arnold Lau said, "We are delighted to welcome Bangchak, one of Asia's leading energy groups, as it makes Hong Kong the hub for its North Asia ambitions. Its decision testifies to Hong Kong's institutional trust, unparalleled connectivity, as well as world-class financial, logistics, and trading ecosystems. This is among the largest investments from Thailand, and one of the largest from the Association of Southeast Asian Nations (ASEAN), that we have seen in Hong Kong in recent years, demonstrating growing two-way trade and investment flows between Hong Kong and ASEAN."

The Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, Mr Chaiwat Kovavisarach, said, "Our investment in Hong Kong is a long-term commitment to a premier international energy market. Hong Kong is our gateway to North Asia, serving as the commercial and trading hub as we expand our retail, commercial, marine, aviation and trading businesses globally. We will preserve what has made the business successful while bringing the wider strengths of Bangchak to create shared opportunities for our employees, customers, suppliers and partners."

InvestHK provided comprehensive, end-to-end support to facilitate Bangchak's market entry. This included dedicated advisory on cross-border investment, seamless licensing fulfilment, and facilitation on talent deployment to support the group's regional expansion.

Bangchak is a leading Thai energy group established in 1984, operating in about 10 countries with a diversified portfolio spanning petroleum refining, fuel marketing and service stations, oil trading, upstream energy, power and infrastructure, and new businesses. Listed on the Stock Exchange of Thailand, the group runs two world-class refineries with a combined capacity of approximately 300 000 barrels per day.

The recent move in Hong Kong reflects Bangchak's intention to grow an established business in Hong Kong with experienced talent, trusted customer relationships and strategic infrastructure over the long term, while exploring opportunities to introduce bio-based and lower-carbon energy solutions to support the city's green economy goals.

For more information about Bangchak, please visit www.bangchak.co.th.

Invest Hong Kong (InvestHK) today (July 3) welcomed leading Thai energy group Bangchak Corporation Public Company Limited on the commencement of its Hong Kong fuels business, marking a significant long-term commitment to the city and positioning Hong Kong as its regional energy trading hub. Photo shows Associate Director-General of Investment Promotion of InvestHK Mr Arnold Lau (second left); the Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, Mr Chaiwat Kovavisarach (centre); the Senior Executive Vice President, Marketing Business Group of Bangchak Group, Mr Seri Anupantanan (second right); Managing Director of Bangchak Hong Kong Limited Miss Jirapun Paowarut (first right); and the Head of Transport, Logistics and Industrials of InvestHK, Mr Benjamin Wong (first left). Source: HKSAR Government Press Releases

Hong Kong Customs detects suspected infringing case involving unauthorised communication of copyright works to public

Hong Kong Customs mounted an enforcement operation yesterday (July 3) to combat activities involving the suspected unauthorised communication of copyright works to the public. A total of two suspected illicit streaming devices with an estimated market value of about $1,300 were seized during the operation.

Customs earlier received information from a copyright owner alleging that an online shop was offering illicit streaming devices to customers, including television set-top boxes and designated applications for viewing infringing copyright contents, which were suspected of communicating copyright works to the public without authorisation.

After an in-depth investigation and with the assistance of the copyright owner, Customs officers arrested a 39-year-old local man in Kwun Tong district and seized the batch of suspected illicit streaming devices.

An investigation is ongoing and the likelihood of further arrests is not ruled out.

Customs reminds members of the public not to participate in activities involving the unauthorised communication of copyright works to the public. Members of the public should also respect intellectual property rights and refrain from purchasing illicit streaming devices. They are advised to be vigilant against cybersecurity risks arising from the use of such devices and designated applications.

Under the Copyright Ordinance, any person who, without the authorisation of the copyright owner, communicates a copyright work to the public for the purpose of or in the course of any trade or business that consists of communicating works to the public for profit or reward; or communicates the work to the public to such an extent as to affect prejudicially the copyright owner, commits an offence. The maximum penalty upon conviction is imprisonment for four years and a fine of $50,000 in respect of each copyright work.

Members of the public may report any suspected infringing activities to Customs' 24-hour hotline 182 8080 or its dedicated crime reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs detects suspected infringing case involving unauthorised communication of copyright works to public Source: HKSAR Government Press Releases