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Chinese drug makers put on a brave face in the wake of a report that said the Trump administration was considering new restrictions on China-developed medicines, citing the country’s supply chain and cost advantages, according to executives at a forum in Hong Kong on Thursday.While shares of Hong Kong-listed Chinese drug makers plunged after Thursday’s New York Times report that the US government was drafting an executive order to curb licensing deals with China-based firms, pharmaceutical executives at BioHK 2025, a conference of industry delegates and investors, said the fallout could be managed.Zhou Chao, CEO of Grand Pharmaceutical Group, said…

Hong Kong developer K. Wah International on Thursday said it priced units in a new residential development in Tin Hau 17 per cent higher than a new neighbouring project that was launched last year, as both transactions and home prices have lately shown signs of recovery.K. Wah International said it priced 30 units in its Kabitat Tin Hau project, located at 33 King’s Road, at an average price of HK$24,311 (US$3,121) per square foot after a maximum discount.The average price in the 74-flat development was higher than the first listing of 51 units in Wang On Properties’ 101 King’s Road…

Hong Kong developer K. Wah International on Thursday said it priced units in a new residential development in Tin Hau 17 per cent higher than a new neighbouring project that was launched last year, as both transactions and home prices have lately shown signs of recovery.K. Wah International said it priced 30 units in its Kabitat Tin Hau project, located at 33 King’s Road, at an average price of HK$24,311 (US$3,121) per square foot after a maximum discount.The average price in the 74-flat development was higher than the first listing of 51 units in Wang On Properties’ 101 King’s Road…

The US dollar held steady on Thursday as investors awaited US consumer inflation data for clearer signals on the Federal Reserve’s rate-cut path, while the euro remained unchanged ahead of the European Central Bank meeting.   Michalis Rousakis, G10 FX strategist at Bank of America, said: “The main event is the US CPI data… the market is looking for justification to reprice Fed expectations toward a larger cut, which could push the dollar lower.”   He added that the question is whether the Fed can be repriced for more easing, “given that markets are already pricing in a cut in…

Malaysia may have become more polarised amid intense race rhetoric and systemic problems, but individuals have agency to do their part and private companies have a role to play in ensuring deeper ethnic integration, Transport Minister Anthony Loke has said.Speaking to Malaysians living in Hong Kong at an event organised by the Malaysian Chamber of Commerce Hong Kong and Macau on Wednesday night, Loke noted that although their country was divided along class and education lines with social media amplifying hate speech, most residents still coexisted peacefully.In Malaysia, while Malay is used as the medium of instruction in most national…

China will host defence officials from more than 100 countries next week at the Beijing Xiangshan Forum, the country’s largest security conference and widely regarded as Beijing’s answer to the Shangri-La Dialogue.“More than 100 countries, including Vietnam, Singapore, Russia, France, Nigeria and Brazil, have confirmed their attendance, along with representatives of international and regional organisations,” defence ministry spokesman Senior Colonel Jiang Bin said on Wednesday.The broad participation “reflects the forum’s inclusiveness and openness”, Jiang added.China Military Online reported on Thursday that the forum would take place from September 17 to 19 at the China National Convention Centre, co-hosted by the…

Zahid Mir has stepped down as Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery Limited (PRL), though he will remain in the position until 31st December 2025 to facilitate an orderly handover. PRL disclosed this development to its stakeholders in a notice to the Pakistan Stock Exchange (PSX) on Thursday. According to information available on PRL’s website, Zahid Mir has been serving as MD and CEO since 1st August 2019. Earlier in June, Mir was reappointed as Managing Director and CEO of the refinery for a period of two years, effective 1st August 2025 to 31st July 2027.…

LONDON: World oil supply will rise more rapidly than expected this year as OPEC+ members increase output further and supply from outside the group grows, the International Energy Agency said on Thursday, and implied that a surplus could grow in 2026. Supply will rise by 2.7 million barrels per day (bpd) in 2025, up from 2.5 million bpd previously forecast, the IEA, which advises industrialised countries, said in a monthly report, and by a further 2.1 million bpd next year. OPEC+ is adding more crude to the market after the Organization of the Petroleum Exporting Countries, Russia and other allies…

Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs384,000 after a decline of Rs4,100 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs329,218 after it lost Rs3,515. On Wednesday, gold prices in Pakistan remained stable at Rs388,100, after hitting record high on Tuesday. The international rate of gold also saw a decrease today. The rate was at $3,618 per ounce (with a premium of $20), a loss of $36,…

Ismail Industries Limited (ISIL), a manufacturer of confectionery items, has approved the establishment of a wholly owned subsidiary in Spain, marking a major step in its international expansion strategy as the company seeks to strengthen its presence in Europe. The company disclosed in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “The Board of Directors of Ismail Industries Limited, through circular resolution, has resolved to establish a wholly owned subsidiary of the company in Spain, Europe, subject to all applicable regulatory approvals,” read the notice. ISIL said this “strategic decision marks a significant milestone in the company’s long-term…