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Hong Kong retail funds booked gross sales of US$82.6 billion in the first three quarters of this year – surpassing the full-year total for 2024 – as inflows into fixed-income products surged, according to data from the Hong Kong Investment Funds Association (HKIFA).Gross sales jumped 35 per cent year on year. Net sales reached US$15.7 billion year to date, the highest level in the past decade and 44 per cent higher than a year earlier, exceeding the US$12.3 billion of net inflows recorded for all of 2024.“With record-breaking net inflows and impressive sales momentum so far in 2025, Hong Kong’s…
Hong Kong retail funds booked gross sales of US$82.6 billion in the first three quarters of this year – surpassing the full-year total for 2024 – as inflows into fixed-income products surged, according to data from the Hong Kong Investment Funds Association (HKIFA).Gross sales jumped 35 per cent year on year. Net sales reached US$15.7 billion year to date, the highest level in the past decade and 44 per cent higher than a year earlier, exceeding the US$12.3 billion of net inflows recorded for all of 2024.“With record-breaking net inflows and impressive sales momentum so far in 2025, Hong Kong’s…
South Koreans have slammed a major Canadian sports broadcaster for “ignorance” after it labelled a clip featuring high-flying taekwondo martial artists as “ninja training”.Taekwondo is South Korea’s most famous martial art, while ninjas – the black-clad spies and assassins of Japan’s feudal era – are known for secrecy and stealth.The controversy erupted after TSN, which bills itself as Canada’s sports leader, shared a clip of taekwondo practitioners performing acrobatic jump kick routines on social media last month with the caption “Ninja Training?”, prompting a wave of criticism from South Koreans demanding the description be corrected.“Taekwondo is a Korean martial art.…
India and Afghanistan will launch direct air cargo flights in a move that deepens their economic ties and signals a strategic shift in South Asia’s power dynamics, as both countries grow increasingly estranged from their mutual neighbour Pakistan.Analysts say the initiative reflects Kabul’s push to diversify trade routes and reduce dependence on Islamabad following deadly border clashes, while also underscoring New Delhi’s effort to reassert influence in a country where it once played a key development role.The decision to launch the cargo flights was announced by India’s Ministry of External Affairs on Tuesday, following a week-long visit to Delhi by…
Pakistan’s annual gold demand is estimated at 60 to 90 tons, which amounts to nearly $8 billion-$12 billion at current market value. Yet more than 90% of this trade takes place in the informal and undocumented market, according to the Competition Commission’s latest report. As per the report titled ‘Competition Assessment Study of Pakistan’s Gold Mark’, released on Wednesday, this lack of documentation and oversight not only obscures the true scale of the market but also hampers regulatory efforts, allowing for potential market distortions and unaccounted economic activity. Wedding, festivities drive local demand The report noted that gold plays a…
Pakistan’s annual gold demand is estimated at 60 to 90 tons, which amounts to nearly $8 billion-$12 billion at current market value. Yet more than 90% of this trade takes place in the informal and undocumented market, according to the Competition Commission’s latest report. As per the report titled ‘Competition Assessment Study of Pakistan’s Gold Mark’, released on Wednesday, this lack of documentation and oversight not only obscures the true scale of the market but also hampers regulatory efforts, allowing for potential market distortions and unaccounted economic activity. Wedding, festivities drive local demand The report noted that gold plays a…
Altern Energy Limited (AEL), the parent company of Rousch (Pakistan) Power Limited (RPPL), has initiated a Termination Agreement (TA) with the Government of Pakistan (GoP) and the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G), marking a key step toward formally ending existing agreements. The listed company in its notice to the Pakistan Stock Exchange (PSX) on Wednesday said that the TA will be executed once all required approvals from the relevant authorities are secured.” “We would like to inform the PSX that Altern Energy Limited (AEL) on November 24, 2025, initialled a TA, to be executed in due course by…
KARACHI: Smartphone production in Pakistan continues to rise, reaching 53 percent of total mobile phone output in October. The shift reflects both growing manufacturing capacity among local and foreign assemblers and an increasing national demand for smart devices.According to data released by the Pakistan Telecommunication Authority (PTA), more than 25.11 million mobile phones were produced locally during the first 10 months of the current year. Of these, smartphones accounted for 53 percent, or 13.2 million units, while the remaining 47 percent, 11.9 million units, were 2G feature phones.Four months earlier, local mobile phone output stood at 14.24 million units, with…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.1. China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shapeLeading Chinese electric vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors shrugged off a bullish call from JPMorgan.2. Chinese team cuts laser weapon, EV part production time from 1 hour to 1 secondEmployees…
No winter lasts forever, but the deep chill in the Beijing-Tokyo relationship set off by Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan could last a long time.Takaichi has had consistently high approval ratings since taking office, which could encourage her to solidify her position on the island. But there is one big uncertainty – US President Donald Trump’s reluctance to show open support for Japan, America’s closest ally in the regionTies between Beijing and Tokyo have sunk to their lowest level in recent years since Takaichi suggested to the Japanese parliament on November 7 that her country would be…