Author: admin

The inflow of overseas workers’ remittances into Pakistan stood at $3.2 billion in November 2025, the State Bank of Pakistan (SBP) data showed on Tuesday. Remittances increased by nearly 9.4% year-on-year (YoY), compared to $2.9 billion recorded in the same month last year. Monthly remittances were down by 7%, compared to $3.4 billion in October. During the first five months of the fiscal year (5MFY26), remittance inflows stood at $16.1 billion, up from $14.8 billion in 5MFY25, a jump of 9.3%. Remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity, and supplementing the disposable…

At least eight people have been killed in renewed fighting on the Thai-Cambodian border, officials said on Tuesday, as Bangkok accused Phnom Penh of launching cross-border rocket attacks despite a White House warning to end the bloodshed.The latest escalation has shattered a shaky US-steered truce that had largely held since late October, when Thai Prime Minister Anutin Charnvirakul and Cambodian leader Hun Manet agreed to halt hostilities under a deal witnessed by US President Donald Trump in Kuala Lumpur.That ceasefire deal has since crumbled, with each side blaming the other for attacking first and insisting its own military actions are…

China has tested a rail system that links multiple freight trains through a wireless system rather than physical coupling.On Monday, a test conducted on the Baoshen Railway in Inner Mongolia saw seven freight trains with a combined cargo capacity of 35,000 tonnes – 3½ times the weight of the Eiffel Tower – running together much more closely than would be usually required when they travel as single units.The technology could increase China’s railway freight transport capacity by more than 50 per cent without the need to put down new rail lines, state broadcaster CCTV said on Monday.The group control system…

Hong Kong Exchanges and Clearing has launched its first equity index tracking Hong Kong-listed technology companies, underscoring the city’s ongoing shift from a market long dominated by property and finance towards innovation-driven growth.Unveiled on Tuesday, the HKEX Tech 100 Index tracks 100 large-cap and mid-cap companies spanning artificial intelligence, biotech and pharmaceuticals, electric vehicles and smart driving, information technology, internet and robotics, according to the HKEX website.Qualified mainland investors can buy and sell these Hong Kong‑listed stocks through Stock Connect, which links trading in Hong Kong with Shanghai and Shenzhen.“The new index covers the leading innovative sectors in our listed…

Hong Kong Exchanges and Clearing has launched its first equity index tracking Hong Kong-listed technology companies, underscoring the city’s ongoing shift from a market long dominated by property and finance towards innovation-driven growth.Unveiled on Tuesday, the HKEX Tech 100 Index tracks 100 large-cap and mid-cap companies spanning artificial intelligence, biotech and pharmaceuticals, electric vehicles and smart driving, information technology, internet and robotics, according to the HKEX website.Qualified mainland investors can buy and sell these Hong Kong‑listed stocks through Stock Connect, which links trading in Hong Kong with Shanghai and Shenzhen.“The new index covers the leading innovative sectors in our listed…

German Foreign Minister Johann Wadephul has warned that Europe must be “extremely cautious” about slapping tariffs on China, as it could prompt Beijing to take countermeasures that could turn into a “spiral”.The remarks came after French President Emmanuel Macron said he had told Beijing during his visit to China last week that Europe would be forced to take “strong measures” against Chinese goods if the trade imbalance was not addressed.“I told them that if they do not react, we Europeans will be forced, in the next several months, to take strong measures and to de-cooperate, following the example of the…

Singapore’s approach to curbing foreign interference and cybercrime is being tested by the sheer speed and borderless nature of online threats, according to analysts who say the city state’s legal powers provide important safeguards but are unlikely to fully keep pace with a rapidly evolving digital landscape.They note that while swift takedown orders and targeted legislation have strengthened Singapore’s defences against misinformation and coordinated online harms, long-term resilience would hinge on complementary measures such as deeper regional cooperation and improved public digital literacy.Last month, the city state ordered TikTok and Meta to disable the Singapore-facing accounts of Zulfikar Mohamad Shariff,…

Hong Kong stocks extended their losing run for a fourth day on Tuesday, tracking Wall Street’s overnight pullback, as traders priced in an interest-rate cut but grew uneasy about the pace of reductions expected next year. Sentiment was further dampened after economists at global banks flagged “a lack of urgency” for policy stimulus in the latest China Politburo readout.The Hang Seng Index lost 0.4 per cent to 25,662.58 at 10am local time, adding to the 1.2 per cent loss recorded the previous day. The Hang Seng Tech Index dropped 0.7 per cent. On the mainland, the CSI 300 Index gained…

Hong Kong stocks extended their losing run on Tuesday, tracking Wall Street’s overnight pullback, as traders priced in an interest-rate cut but grew uneasy about the pace of reductions expected next year. Sentiment was further dampened after economists at global banks flagged that the latest China Politburo readout suggested “a lack of urgency” for policy stimulus.The Hang Seng Index lost 0.9 per cent to 25,549.04 at 11.10am local time, adding to the 1.2 per cent loss recorded the previous day. The Hang Seng Tech Index dropped 1.5 per cent. On the mainland, the CSI 300 Index lost 0.2 per cent…

The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator.The year-to-date net investment return of the MPF stood at 15 per cent, putting the retirement scheme on track for its best year since 2017, when it reported an annual return of 22.3 per cent, according to data from the Mandatory Provident Fund Schemes Authority (MPFA).Chairwoman Ayesha Macpherson Lau said the MPF had delivered its 4.75 million members…