分类: business

  • Pakistanis in UAE, GCC allowed to import used cars under new rules

    Pakistanis in UAE, GCC allowed to import used cars under new rules

    In a significant policy shift, Pakistan has officially authorized its overseas citizens residing in the UAE, GCC nations, and other countries to import used vehicles under revised regulatory frameworks. The federal cabinet has ratified a decision from the Economic Coordination Committee, dated December 9, 2025, which specifically permits the import of cars up to three years old. This provision is exclusively available through two channels: the Gift Scheme and the Transfer of Residence Scheme.

    The Federal Board of Revenue (FBR) has issued clarifications, stating that eligibility is restricted to non-resident Pakistanis utilizing these specific schemes. A notable condition mandates that any imported vehicle cannot be sold or transferred to a new owner for a minimum period of one year after importation. Conversely, the government has explicitly excluded the Personal Baggage scheme from this new allowance, maintaining previous restrictions on that category.

    This legislative amendment addresses long-standing requests from the vast Pakistani diaspora, which includes over 1.7 million individuals in the UAE and more than 5.5 million across GCC member states. The global community of overseas Pakistanis exceeds nine million. Many families seeking to repatriate after extended periods abroad have expressed a desire to bring personal assets, including vehicles, with them. The policy revision aims to facilitate their return while mitigating concerns among some officials about potential misuse of such import facilities, which had previously led to calls for the program’s discontinuation.

  • India defends antitrust penalty law in Apple fight

    India defends antitrust penalty law in Apple fight

    India’s Competition Commission (CCI) has formally defended its controversial antitrust penalty legislation before the Delhi High Court, pushing back against Apple’s legal challenge to the 2024 measure that allows fines based on global revenue. The regulatory body asserts that the law brings Indian competition enforcement in line with international standards and serves as a crucial deterrent against violations by multinational corporations.

    In court documents dated December 15, the CCI argued that calculating penalties based solely on India-specific turnover would fail to adequately penalize global digital giants for anti-competitive behavior. The regulator emphasized that this approach ensures penalties ‘retain real deterrent value in complex, digital and cross-border markets’ rather than becoming ‘nominal or easily absorbable for large multinational players.’

    Apple initiated legal proceedings in November 2025, seeking to invalidate the law which it claims could expose the company to disproportionate penalties reaching up to $38 billion in a separate case involving alleged App Store dominance. The technology giant contends the CCI is illegally applying the legislation retroactively and that penalties should reflect only India-based operations.

    The CCI countered that the legislation merely clarifies existing powers that always allowed penalties of up to 10% of a company’s turnover, and that clarificatory provisions operate retrospectively as they ‘explain the true intent of the legislature.’ The regulator accused Apple of attempting to misguide the court, noting it had specifically requested only India-specific financial details despite its broader authority.

    The high-stakes legal battle, scheduled for hearing on January 27, 2026, carries significant implications for other multinational corporations including Pernod Ricard, Publicis, and Amazon, all of which face ongoing antitrust scrutiny in India.

  • China’s railway passenger trips exceed 4.5 billion in 2025

    China’s railway passenger trips exceed 4.5 billion in 2025

    China’s national railway system achieved unprecedented operational milestones in 2025, handling a record-breaking 4.59 billion passenger journeys alongside substantial freight volume growth, according to official data released at Thursday’s national railway work conference. The comprehensive performance metrics underscore China’s position as the global leader in railway transportation efficiency and technological innovation.

    The passenger volume represents a significant 6.4% year-on-year increase, while freight transportation simultaneously reached 5.27 billion tonnes, marking a 2% growth from previous year figures. These achievements occurred within an expanding infrastructure network that now spans 165,000 kilometers of operational railway lines, including over 50,000 kilometers dedicated to high-speed rail connectivity.

    National Railway Administration Director Song Xiude emphasized that China maintains world leadership across multiple critical indicators including passenger turnover, freight volume, and transport density. The country has pioneered advanced railway technologies adapted for diverse operational environments, from high-speed corridors to plateau regions, cold-climate areas, and heavy-haul transportation systems.

    Technological advancements in intelligent railway systems and green transportation solutions have accelerated throughout 2025, contributing to what Song described as “continuously improving modern railway infrastructure” that actively supports China’s high-quality economic and social development objectives. The integrated rail network has demonstrated remarkable capacity in facilitating both passenger mobility and commercial logistics across the nation’s vast territory.

  • Canadian business leader’s take: See China, know China

    Canadian business leader’s take: See China, know China

    Ron Horton, Vice President of the Canada-China Business Association, has become a prominent advocate for strengthened Sino-Canadian relations, crediting his firsthand experiences with transforming his understanding of the nation. Contrary to common perceptions formed from a distance, Horton emphasizes that true comprehension of China only emerges from direct engagement within the country.

    An avid daily reader of China Daily, Horton has developed a profound appreciation for Chinese society, which he describes as composed of intelligent, hard-working, and exceptionally friendly people. His professional advocacy extends beyond mere observation to active bridge-building between the two nations.

    Currently, Horton is channeling his efforts into reinforcing the sister city partnership between Edmonton, Canada and Harbin, China. This initiative represents a practical application of his belief that people-to-people connections and municipal-level cooperation form the foundation of stronger international business relationships. His work exemplifies a growing trend among business leaders who recognize that geopolitical complexities require grassroots engagement and cultural understanding to foster successful economic partnerships.

  • WhatsApp panic vs reality: Will health insurance really jump 25% for UAE residents in 2026?

    WhatsApp panic vs reality: Will health insurance really jump 25% for UAE residents in 2026?

    Amid circulating WhatsApp messages forecasting substantial health insurance premium increases of 18-25% for UAE residents starting January 2026, industry authorities have moved to clarify the situation, characterizing the alarm as largely unfounded. According to insurance specialists, the notion of a blanket price surge is misleading, with actual adjustments expected to reflect individual circumstances rather than arbitrary calendar-year hikes.

    Toshita Chauhan, Chief Business Officer for General Insurance at Policybazaar.ae, emphasized the personalized nature of premium calculations, stating: “Health insurance pricing in the UAE is individualized and depends on factors such as age, claims history, benefits chosen, and renewal timing. For most residents, premiums are expected to remain stable for now.”

    While acknowledging the reality of medical inflation, Anas Mistareehi, CEO of eSanad, placed current healthcare cost increases at approximately 4-8% annually—significantly below the panic-inducing figures circulating through digital channels. He noted that competitive market dynamics are helping moderate price adjustments, with some insurers actually enhancing policy terms to maintain customer loyalty.

    The UAE’s basic health insurance scheme remains unaffected by any increases, maintaining its fixed annual rate of Dh320 as confirmed by regulatory authorities. However, families and senior citizens may experience more noticeable adjustments due to higher healthcare utilization patterns, with potential annual increases ranging from Dh1,200-2,500 for typical families and Dh1,600-4,000+ for elderly residents.

    Industry experts caution that panic-driven decisions—such as downgrading coverage or delaying renewals—could prove more financially damaging than moderate premium adjustments. Such actions may result in reduced hospital access, compromised emergency coverage, or inadequate chronic care protection.

    For those renewing policies in early 2026, specialists recommend initiating the process well before year-end 2025 to secure optimal terms and avoid last-minute constraints. Beyond premium amounts, consumers should vigilantly monitor changes to co-payment requirements, outpatient limits, pharmacy caps, and hospital network compositions that may effectively increase out-of-pocket expenses.

    The consensus among insurance professionals underscores the critical importance of selecting coverage based on comprehensive benefits rather than price alone, as inadequate protection can ultimately generate substantially higher personal healthcare costs when medical attention becomes necessary.

  • Tianjin town is top in trumpets

    Tianjin town is top in trumpets

    Nestled within Tianjin’s Jinghai district, the modest town of Caigongzhuang has quietly emerged as the world’s predominant manufacturing hub for brass and woodwind instruments, accounting for over 50% of global production. This unassuming Chinese community serves as the unseen craftsmanship behind saxophones, trumpets, flutes, piccolos, and clarinets played by musicians across continents.

    The industry thrives through a unique blend of family-operated workshops and expansive manufacturing facilities that have perfected their craft over decades. Tianjin Shengyue Music Instrument, one of the established enterprises in the region, exemplifies this successful model. Manager Liu Xuehong, a veteran with extensive experience in the field, reports a significant shift toward premium international orders. “We’ve been receiving sophisticated custom requests from Germany, Spain, Singapore, and numerous other countries,” Liu revealed.

    This evolution toward high-value craftsmanship is demonstrated through collaborations with internationally recognized musicians. The town recently fabricated a custom saxophone for Jay Metcalf, the distinguished saxophonist and founder of the BetterSax educational platform, signaling Caigongzhuang’s growing reputation for excellence rather than merely quantity.

    The town’s industrial dominance remains relatively unknown to end consumers, creating an intriguing paradox where artists worldwide perform with instruments originating from this specialized Chinese manufacturing center without awareness of their provenance. This disconnect highlights both the globalization of specialized manufacturing and the silent efficiency of Caigongzhuang’s production ecosystem.

  • China expects huge surge in winter tourism

    China expects huge surge in winter tourism

    China’s winter tourism sector is experiencing unprecedented growth, with snow sports rapidly evolving from specialized activities into mainstream economic drivers. According to the China Tourism Academy’s latest report, the December 2025-February 2026 season is projected to witness 360 million winter tourism excursions, generating approximately 450 billion yuan ($64 billion) in revenue.

    The transformation reflects a fundamental shift in consumer behavior, as evidenced by Yang Lezhi, a 27-year-old Beijing resident who represents the new generation of winter sports enthusiasts. “Skiing makes me feel like Elsa from Frozen—it’s almost addictive once you master the slopes,” she remarked, highlighting how winter activities have transitioned from niche pursuits to popular recreational trends.

    This remarkable expansion stems from multiple factors: the successful legacy of the 2022 Beijing Winter Olympics, substantial government support, and strategic infrastructure investments. In November 2024, China’s State Council issued comprehensive guidelines targeting a 1.2 trillion yuan winter economy by 2027 and 1.5 trillion yuan by 2030.

    Industry analyst Yang Jinsong from the China Tourism Academy identifies several growth catalysts: “Post-Olympic awareness has significantly increased public interest in winter activities, while supportive policies have encouraged broader industry participation. Both naturally advantaged northern regions and southern provinces with artificial facilities are contributing to this expansion.”

    Remarkably, southern China—including Guangdong province—has emerged as the national leader in winter tourism infrastructure investment, exceeding 30 billion yuan annually. The industry’s structural development is equally impressive, with 1,423 new winter tourism companies established in 2025, bringing the national total to over 14,000 enterprises—an 11% increase from 2024.

    Supporting data reveals consistent industry expansion, with winter-related consumption reaching 187.5 billion yuan between late 2024 and early 2025. The sector has demonstrated remarkable growth trajectory, expanding from 270 billion yuan in 2015 to 980 billion yuan in 2024, and is projected to surpass 1 trillion yuan for the first time in 2025.

    Consumer surveys indicate strong continued demand, with 75% of respondents expressing interest in winter travel, over 40% planning increased participation frequency, and a similar percentage intending to boost winter activity spending—signaling sustained momentum for China’s burgeoning winter economy.

  • Nation’s annual parcel volume hits nearly 200 billion

    Nation’s annual parcel volume hits nearly 200 billion

    China has reinforced its global dominance in express delivery services, achieving an unprecedented milestone of 199 billion parcels handled in 2025. This represents a substantial 13.7% year-on-year growth, while sector revenue climbed to 1.5 trillion yuan ($214 billion), marking a 6.5% increase from the previous year.

    The State Post Bureau of China, announcing these figures at its annual conference in Beijing, revealed the industry has now led global parcel volumes for twelve consecutive years. The nation has developed the world’s most extensive delivery network, serving the largest consumer base while continuously enhancing both technological capabilities and geographical coverage.

    During the 14th Five-Year Plan period (2021-2025), China’s parcel volume skyrocketed from over 80 billion to nearly 200 billion items, accounting for more than 60% of worldwide courier growth. The peak daily processing capacity reached 777 million parcels, with annual per capita parcel usage surging from 59 to 141 items between 2020 and 2025.

    Bureau head Zhao Chongjiu emphasized how the sector’s prosperity reflects both growing public demand for convenient postal services and the underlying resilience of China’s economy. “We’ve established the planet’s largest delivery network, penetrating deep into rural communities while expanding international connections to major global economies,” Zhao stated.

    Significant infrastructure expansion has brought postal services to all border villages, with nationwide service outlets increasing nearly 1.5 times. Central and western regions saw their shares of express delivery revenue and volume rise by 5.4 and 7.5 percentage points respectively, facilitating better integration into the national unified market.

    In Xinjiang Uygur Autonomous Region, daily mail and parcel deliveries increased nearly fivefold since 2020. Resident Aikeremu Tula from Gonglati village noted the transformation: “Previously we traveled to town pickup points, but now we have a local station just minutes from home.”

    Technological advancements have been equally impressive. The 180 billionth parcel milestone in November 2025—a smart learning device ordered by Shenzhen resident Li Xiaojun—was processed through fully automated JD.com facilities and delivered via unmanned vehicle. Li praised the “much faster and more precise” service, highlighting the logistics system’s growing efficiency.

    JD’s Pingshan warehouse head An Jixing reported unmanned vehicles now handle approximately 15,000 parcels daily, boosting capacity while reducing staff workload. Nationwide, over 450 drones delivered nearly 4 million parcels in 2025.

    Looking ahead, the sector anticipates handling 214 billion parcels in 2026, maintaining an estimated 8% growth trajectory. Bureau researcher Liu Jiang identified technology as “a strong engine injecting lasting vitality into the market,” while Zhao confirmed expectations for continued revenue growth across both postal and express services.

  • CSL and tech giants lift Australian sharemarket against falling global stocks

    CSL and tech giants lift Australian sharemarket against falling global stocks

    In a striking divergence from regional trends, Australia’s sharemarket demonstrated remarkable resilience on Thursday, posting solid gains while broader Asian indices faced significant sell-offs. The benchmark S&P/ASX 200 advanced 25.20 points (0.29%) to close at 8,720.80, with the All Ordinaries index climbing 28.50 points (0.32%) to reach 9,046.50.

    The technology sector emerged as the standout performer, surging 1.72% amid strong investor confidence. Healthcare stocks followed closely with a robust 1.64% gain, while consumer discretionary shares added 1.35% to the market’s upward momentum.

    Leading the charge in technology, WiseTech Global jumped 2.22% to $68.28, while Codan soared an impressive 4.71% to $31.56. Life360 continued the positive trend with a 3.93% gain to $32.79. Healthcare giant CSL, a market heavyweight, climbed 2.62% to $174.45, signaling a potential recovery after recent challenges.

    According to eToro market analyst Zavier Wong, the Australian market’s performance contrasted sharply with broader Asian trends where the Hang Seng and Nikkei both retreated more than 1%. ‘Today’s sell-off in Asian markets is primarily driven by concerns over escalating tensions between Japan and China,’ Wong noted. ‘For investors, this appears to represent a breather after a strong start to the year rather than a fundamental shift in market dynamics.’

    The positive sentiment extended across most sectors, with ten of eleven industry groups finishing in positive territory. Wesfarmers shares added 1.23% to $80.96, while The Lottery Corporation jumped 1.59% to $5.10. Breville Group closed up 2.65% at $30.26.

    However, not all segments shared in the market’s success. Gold and silver shares weighed on the materials sector following strong gains in the previous session. Northern Star Resources fell 3% to $24.60, while Evolution Mining dropped 1.92% to $12.74.

    Company-specific developments also created notable movers. Personal protective equipment manufacturer Ansell saw its shares slump 6.24% to $33.36 following the announcement that Managing Director and CEO Neil Salmon would retire after 13 years with the company. Bluescope Steel declined 1.57% to $29.40 after rejecting a takeover offer from a consortium comprising SGH Limited and Steel Dynamics, which the company described as ‘very significantly undervalued.’

    The Australian dollar experienced mild pressure, slipping 0.30% against the US dollar to trade at 67.01 US cents.

  • Lidl to drop broadcast TV ads in France

    Lidl to drop broadcast TV ads in France

    In a seismic shift for French advertising, German discount retail giant Lidl has declared it will completely cease broadcast television advertisements in France. This strategic withdrawal comes as a direct consequence of a devastating legal ruling that found the company engaged in deceptive marketing practices.

    The decision follows a Paris appeals court judgment last July that ordered Lidl to pay rival supermarket chain Intermarche a staggering €43 million ($50 million) in damages. The court determined that over 370 television commercials aired by Lidl between 2017 and 2023 were materially misleading to consumers and constituted a severe case of unfair competition. Lidl, currently ranked as France’s sixth-largest food retailer and its second-biggest advertiser across all sectors, is continuing its appeal against this ruling.

    Jassine Ouali, Chief Customer Officer at Lidl France, explicitly linked the withdrawal to the heightened regulatory environment. In an interview with trade publication Strategies, Ouali stated, “We will not invest in linear TV for as long as the regulatory risks remain excessively high, which is the situation today.” He further criticized the existing French consumer protection framework, which mandates that promoted products must be available at the advertised price for a minimum of 15 weeks, labeling these rules as “antiquated” and biased in favor of traditional media.

    The financial impact of this move is substantial. A company spokeswoman confirmed to AFP that linear television, defined as traditional scheduled broadcast channels, represented 22% of Lidl’s total French advertising expenditure last year. This budget is projected to drop to “zero” by 2026. Ouali issued a stark warning about the broader implications for media financing in France, noting that diverting its massive advertising budget from French broadcasters to global digital platforms like Google, Meta, Netflix, and Amazon could severely disrupt the funding model for the entire national media landscape.