In a significant address at the 28th ASEAN Plus Three Summit in Kuala Lumpur, Chinese Premier Li Qiang emphasized the importance of openness, strategic alignment, and regional cooperation to navigate the complex global economic landscape. Premier Li highlighted the resilience and vitality of the East Asian economy, which has been one of the fastest-growing regions globally, creating numerous economic miracles over the decades. He stressed that the East Asian Miracle is not a relic of the past but a continuing narrative that requires sustained effort and collaboration. Li called for an environment conducive to regional development, urging parties to resolve differences through dialogue, uphold free trade, and oppose protectionism. He also emphasized the need to deepen industrial and supply chain collaboration, leverage respective strengths, and enhance connectivity and cooperation. The premier underscored the importance of scientific and technological innovation, advocating for joint research and the development of new growth drivers in areas such as the digital economy, electric vehicles, and clean energy. Other leaders at the summit echoed Li’s sentiments, emphasizing the need for solidarity, regional community, and commitment to openness and mutual benefit. They highlighted the importance of advancing cooperation in trade, investment, finance, food security, green economy, public health, climate change, and disaster mitigation. The summit, chaired by Malaysian Prime Minister Anwar Ibrahim, concluded with a reaffirmation of the commitment to regional peace, stability, and economic integration.
标签： Asia
亚洲
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Israel discards waste and rubble in Gaza despite risk of environmental crisis
The Israeli military has been disposing of construction waste and debris into the Gaza Strip, exacerbating the already dire environmental and humanitarian crisis in the besieged enclave. According to a report by Haaretz, trucks laden with rubble have been entering Gaza and unloading waste onto its streets. Footage obtained by the Israeli news outlet shows excavators dumping debris near the Kissufim crossing, a process that has been repeated multiple times. The waste includes significant amounts of construction materials and garbage left behind by the military during the prolonged conflict. Israeli army officers confirmed to Haaretz that field commanders authorized the dumping of waste materials inside Gaza, allowing private Israeli companies to dispose of their trash indiscriminately within the territory. One soldier questioned the logic of dumping waste just a few hundred meters from residential areas, expressing concerns over the long-term impact on local communities. Another officer highlighted the potential for Hamas to repurpose some of the discarded materials, such as iron, irrigation pipes, and concrete blocks. The report follows warnings from the UN Environment Programme (UNEP) that Gaza is buried under 61 million tonnes of debris, with 15% of it potentially contaminated with hazardous substances like asbestos, industrial waste, or heavy metals. UNEP’s latest assessment revealed that nearly two-thirds of the debris was generated in the first five months of the war, with destruction accelerating in the months leading up to the ceasefire. Inger Andersen, UNEP’s executive director, emphasized the urgent need to address the environmental and humanitarian crisis, warning that continued neglect could leave a legacy of environmental destruction affecting the health and wellbeing of Gaza’s residents for generations.
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RAK Police conducts 52 missions in 3 months; issues winter hiking safety alert
As winter approaches and mountain hiking becomes increasingly popular among residents, visitors, and citizens of Ras Al Khaimah (RAK), the RAK Police have issued a critical safety alert to ensure the well-being of outdoor enthusiasts. Over the past three months, the Air Wing Department of RAK Police has successfully conducted 52 aerial missions, including rescue operations, security patrols, and community service initiatives. These efforts underscore the department’s unwavering commitment to public safety and emergency preparedness. Lieutenant Colonel Pilot Abdullah Ali Al Shehhi, Head of the Air Wing Department, emphasized the importance of planning and preparedness for hikers. He urged adventurers to inform the Operations Room of their intended routes before embarking on their journeys. Additionally, hikers are advised to carry sufficient food and water, ensure their mobile phones are fully charged, and avoid hazardous terrains. ‘Our priority is to save lives and ensure public safety,’ Al Shehhi stated, highlighting the critical role of community cooperation in preventing accidents and enabling swift responses during emergencies. The Air Wing Department remains on 24/7 standby, ready to address any incidents promptly. Al Shehhi also stressed the importance of adhering to safety guidelines, particularly as more people explore the mountains during the winter season. ‘Being prepared can save lives,’ he concluded, reinforcing the message of caution and responsibility.
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Israel lifts state of emergency for communities neighbouring Gaza
Israel has officially lifted the state of emergency for communities bordering Gaza, marking the first such decision since the October 2023 Hamas attack. Defence Minister Israel Katz announced the move on Monday, stating it reflects the “new security reality in the south of the country.” The decision follows the Israeli military’s recommendation and comes as a ceasefire, initiated on October 10, remains largely intact. Katz’s office emphasized that this is the first time the special state of emergency has been revoked since the October 7 attack. The ceasefire’s continued stability has allowed for this significant shift in security measures, signaling a cautious but hopeful step toward normalcy in the region.
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Shanghai’s cross-border e-commerce pilot zone gains from CIIE’s spillover effect
Leveraging the spillover effect of the China International Import Expo (CIIE), Baihe Town in Shanghai’s Qingpu District has successfully launched the Hongqiao Cross-Border E-Commerce and Industrial Belt Pilot Zone. This innovative zone integrates streamlined business services with a cutting-edge digital warehouse-port-distribution system, significantly enhancing logistics efficiency. While the primary focus remains on export activities, the zone is also actively collaborating with international exhibitors to explore import opportunities. This dual approach aims to support businesses in achieving global expansion and fostering international trade partnerships. The initiative underscores Shanghai’s commitment to advancing its e-commerce infrastructure and strengthening its position as a global trade hub.
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HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case
HSBC Holdings announced on Monday that it will record a $1.1 billion provision in its third-quarter financial results following a partial loss in a Luxembourg court appeal related to Bernard Madoff’s infamous Ponzi scheme. The bank, which served as a service provider to several funds invested in Madoff’s fraudulent operations, faced a lawsuit from Herald Fund SPC in 2009 seeking restitution for assets lost in the scheme. Last Friday, the Luxembourg Court of Cassation rejected HSBC’s appeal regarding securities restitution but accepted its appeal on a separate cash restitution claim. HSBC plans to file a second appeal with the Luxembourg Court of Appeal and, if unsuccessful, will contest the amount to be paid. The bank cautioned that the final financial impact could differ significantly from its current estimate. HSBC, Europe’s largest bank by assets, disclosed in July that Herald Fund, now in liquidation, sought restitution of securities and cash worth $2.5 billion plus interest or damages of $5.6 billion plus interest. The provision is expected to impact HSBC’s common equity tier 1 (CET1) capital ratio by approximately 15 basis points, adding to the 125 basis points impact from its $13.6 billion acquisition of Hang Seng Bank. Analysts suggest the charge may slightly dampen investor sentiment but note the impact is limited due to HSBC’s suspension of dividend payments for the next three quarters. HSBC’s Hong Kong-listed shares remained flat in morning trading, underperforming the 1% rise in the Hang Seng Index. Madoff’s Ponzi scheme, one of the largest financial frauds in history, was estimated at $64.8 billion and remained undetected for years until his confession in December 2008. Madoff died in April 2021 while serving a 150-year prison sentence. HSBC previously settled with Kalix Fund in 2012 for an undisclosed amount over losses tied to Madoff’s collapse.
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Ras Al Khaimah’s Innovation City becomes world’s first AI-powered free zone
Ras Al Khaimah’s Innovation City has achieved a groundbreaking milestone by becoming the world’s first free zone entirely powered by artificial intelligence (AI). This transformative initiative aims to revolutionize business operations and licensing processes, replacing traditional manual procedures with advanced AI-driven automation. The move is expected to enhance efficiency, reduce costs, and accelerate business setup for companies, particularly those from China, Russia, and India.
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SAMANA Developers unveils SAMANA Hills South 3 after extraordinary sells out of SAMANA Hills South 1 & 2
SAMANA Developers, a renowned Dubai-based real estate firm, has announced the launch of its latest residential project, SAMANA Hills South 3. This new development, located in the rapidly growing Dubai South district, will offer 147 high-quality units, catering to international investors seeking secure assets near one of Dubai’s key economic zones. The project follows the successful sellout of its predecessors, SAMANA Hills South 1 & 2, solidifying the developer’s reputation as a leading off-plan developer in the region. Spanning 95,195.92 square feet, the development features a mix of studio, one-bedroom, and two-bedroom apartments, with starting prices from Dh639,000. The estimated handover is set for October 2028, providing a clear timeline for capital appreciation. Imran Farooq, CEO of SAMANA Developers, highlighted Dubai’s robust real estate market, citing Dh54.3 billion in sales last month. He emphasized the strategic location of SAMANA Hills South 3, which benefits from the expansion of Al Maktoum International Airport and nearby business hubs. The project is designed as a resort-style sanctuary, offering over 30 luxury amenities, including an Aqua Gym and Spa, Wellness Lounge, swimming pool, and Outdoor Cinema. With its investor-friendly payment plans and prime location, SAMANA Hills South 3 is poised to attract significant interest from both local and international buyers.
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ADCB posts strong Q3 earnings, launches AI transformation to drive future growth
Abu Dhabi Commercial Bank (ADCB) has announced impressive financial results for the third quarter of 2025, with a net profit of Dh3.09 billion, reflecting a 29% year-on-year increase. The bank’s profit before tax also rose by 18% to Dh3.17 billion. Over the nine-month period, ADCB achieved a net profit of Dh8.1 billion, an 18% increase compared to the same period in 2024. This strong performance was driven by a 25% year-on-year growth in operating income, which reached Dh5.88 billion for Q3. Non-interest income surged by 32% to Dh2.07 billion, while net interest income grew by 21% to Dh3.81 billion. The bank’s cost-to-income ratio improved significantly to 27.6%, attributed to digital automation and operational efficiencies. ADCB’s balance sheet remained robust, with total assets increasing by 17% to Dh744 billion. Net loans grew by 17% to Dh401 billion, and customer deposits rose by 19% to Dh482 billion, supported by a 27% increase in current and savings account (CASA) deposits. The bank’s capital adequacy ratio stood at 16%, with a Common Equity Tier 1 (CET1) ratio of 12.7%. The non-performing loan (NPL) ratio improved to a record low of 1.86%, while provision coverage increased to 187.3%. In a strategic move to bolster future growth, ADCB launched an AI transformation program aimed at unlocking Dh4 billion in financial value through enhanced revenue, cost efficiencies, and risk management. The initiative will also improve customer experience, fraud detection, and cybersecurity. ADCB’s retail and corporate banking divisions continued to perform strongly, with retail banking adding over 80,000 new customers in Q3, 67% of whom were acquired digitally. CASA deposits in retail rose by Dh18 billion year-on-year, while Islamic financing accounted for 59% of new loan acquisitions. Corporate and investment banking expanded its international footprint, with loans outside the UAE rising by 35% year-to-date. ADCB also announced a rights issue to raise up to Dh6.1 billion, with Mubadala Investment Company PJSC, the bank’s majority shareholder, confirming full participation. ADCB Egypt contributed significantly to the group’s performance, posting a net profit of EGP 3.86 billion for the first nine months of 2025, a 31% year-on-year increase, with loan growth of 50%. The bank’s commitment to sustainability and national priorities was highlighted in its 2025 Green Bond Report, which showed a 19% increase in its Eligible Green Loan Portfolio. ADCB also received the Nafis Diamond Award for its Emiratisation efforts, with UAE nationals comprising 40% of its workforce and 98% of branch managers. Looking ahead, ADCB remains focused on its five-year strategy to double net profit to Dh20 billion, targeting a return on equity of around 15% for the full year. With continued investment in digital and AI capabilities, the bank is positioning itself as a data-led institution ready to deliver long-term value for shareholders and contribute to the UAE’s dynamic economy.
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Compatriots from both sides of Taiwan Strait oppose external interference
In a powerful display of unity, compatriots from both sides of the Taiwan Strait gathered in Beijing on October 27, 2025, to commemorate the establishment of the Commemoration Day of Taiwan’s Restoration. The event, organized by the All-China Federation of Taiwan Compatriots, featured historical lectures, personal testimonies, and celebratory performances, marking the 80th anniversary of Taiwan’s return to China. Attendees unanimously reaffirmed that Taiwan is an inseparable part of China, condemning any claims of an ‘undetermined status of Taiwan’ and opposing external interference in the region. Ji Bin, vice-chairman of the federation, emphasized the significance of the National People’s Congress’s decision to designate October 25 as the Commemoration Day of Taiwan’s Restoration, underscoring the unshakable historical and legal fact of Taiwan’s belonging to China. Wang Shushen, a prominent Taiwan studies scholar, highlighted the event’s role in promoting cross-Strait relations and stability, while Wu Jung-yuan, chairperson of Taiwan’s Labor Party, noted growing dissatisfaction in Taiwan with the Democratic Progressive Party’s ‘anti-mainland’ agenda. Youth representative Chiu Ping-ju called for concrete actions to foster mutual understanding and cooperation across the Strait, reinforcing the shared commitment to national unity.