China has built and is building super-fast trains and has laid the tracks to carry them.
China has built and is building super-fast trains and has laid the tracks to carry them.
China has built and is building super-fast trains and has laid the tracks to carry them.
China has built and is building super-fast trains and has laid the tracks to carry them.

Asia must build up a head of steam over transport


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When one reads about the fastest trains in the world zipping around China at 350kph, one might be forgiven for thinking the Asian continent must have an integrated state-of-the-art railway network connecting various cities.

Nothing could be further from the truth.

It takes only a little longer to fly from Beijing in north Asia to Singapore in south Asia than it does to fly from New York in the eastern US to Los Angeles in California. But, while one can also drive from New York to LA or take the train, no normal person would expect to go from Beijing to Singapore by either car or rail.

Bits and pieces of a good transport system exist in various countries in Asia but mostly within national borders. Inter-country journeys are not the norm, as they are in most of Europe. Of all major continents only Africa has a less integrated land transport system.

The reason for the failure of well developed transport networks to cross national boundaries in Asia is not due to terrain or lack of technology but lingering political suspicions and fears.

China has built and is building super-fast trains and has laid the tracks to carry them, through the inhospitable Tibetan plateau, that reach its borders with India and Vietnam. The train cabins are pressurised to deal with the thin air over the plateau.

But it is unlikely the Indian government will allow China's train system to transport passengers into the country. After all, India is still haunted by its brief border war with China in 1962.

Similarly, Vietnam chose to spurn the cheaper super-fast Chinese trains and opted for more expensive Japanese versions to link the north and south of the country. Vietnam, too, is still affected by its brief border war with China in 1979.

Even between benign countries such as Thailand and Malaysia, uninterrupted train traffic remains rare and motorways are hampered by immigration and lingering elements of border insurgency.

The border between Malaysia and Singapore is an area where things have moved slowly since the city state became independent in 1965. Before, there was free movement between the two. Now, although thousands of people do cross between Malaysia and Singapore by car and train each day, they have to go through two immigration and customs checks during the journey.

Even more absurd is the situation between Hong Kong and China, politically of the same body, where residents from both sides of the border have to endure two sets of immigration and customs clearances. The border immigration offices even shut down at midnight at the most popular train crossing.

Conspiracy theorists reckon that is a ploy to hold up higher land values on the Hong Kong side. They claim the border controls make it difficult for people to work in what is, along with Macau, a Special Administrative Region, where wages are higher, but live in mainland China, where house prices are lower.

What Asia needs is some visionary political leadership that will see past the small problems that no doubt will come with the easier movement of people across national boundaries and look at the bigger picture: ease of movement promotes increased economic opportunities.

While Asia, in general, is doing well economically, it is still waiting for political leaders who will take the risk of integrating its transport systems.

Malcolm & Marie

Directed by: Sam Levinson

Starring: John David Washington and Zendaya

Three stars

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
Inside%20Out%202
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UEFA CHAMPIONS LEAGUE FIXTURES

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund