Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
Karnataka state tourism development corporation
Yerba Buena Island, the rocky outcropping that rises from the bay next to Treasure Island, is home to a Coast Guard station, a marina, 145 species of plants and 21 types of birds. Soon it will also be home to a species that until now has not inhabited the island: the San Francisco condominium owner. Developer Wilson Meany this week started construction there on 266 condominiums. The units — a collection of flats, town houses, and a five-story apartment building — will be tucked into a hillside surrounded by 72 acres of hiking trails, beaches and landscaped parks. While the 266 units represent all the housing planned for Yerba Buena Island, the project is significant because it marks the first phase of the massive redevelopment that also includes Treasure Island, the man-made former U.S. Navy base where 7,744 other units are to be built, along with a hotel, restaurants and retail. The revenue generated from the condo sales on Yerba Buena Island will help pay for new … [Read more...] about Development on SF’s Yerba Buena Island an early step in Treasure Island project
BENGALURU: The industry body for real estate, Confederation of Real Estate Developers’ Associations of India (Credai), has urged the Karnataka government for a special package to revive the sector. Credai-Karnataka has urged the state to do away with the No Objection Certificates (NOCs) for plan sanction, in order to cut down the time lost due to duplication of processes during development plan and building plan sanction. “Land approval and buying is very cumbersome in Karnataka; the Land Revenue Act is very archaic. The source of financing is limited, the only thing that can reduce cost is timely approvals,” said Irfan Razack, the managing director of Prestige Group. Credai said real estate and infrastructure growth have been drivers of economic growth as well as job creation globally, and India was no different. The industry body also asked the state government to reduce stamp duty substantially up to September 2020, to exhaust unsold inventory and bring down … [Read more...] about Credai asks Karnataka govt for package to revive realty
Bhopal: In view of the recent developments in Karnataka and Goa where its MLAs have rebelled or switched to the BJP, the Congress has rushed General Secretary Jyotiraditya Scindia to Madhya Pradesh to stem any such crisis in the state. According to senior party leaders, Scindia arrived in Bhopal on Thursday afternoon and held discussions with Chief Minister Kamal Nath over lunch at his residence. He also visited the state Assembly and interacted with people at the Coffee House. In the evening, Scindia participated in the dinner at the residence of his key supporter and state Cabinet Minister Tulsiram Silawat, where most of the state ministers and legislators of both the party and its allies were present. A senior Congress leader requesting anonymity said that the BJP had contacted at least 10-15 Congress MLAs in the state in the last one month to seek they switch over to it. The party leader said that these talks were, however, in the initial stage as nothing has been promised to … [Read more...] about Stung By Karnataka, Goa, Congress Rushes Jyotiraditya Scindia To MP To Avert Any Crisis
The Karnataka government on Wednesday issued a notification allowing women to work in night shifts (7 p.m. to 6 a.m.) in all factories registered under the Factories Act. The State government has in the notification cited the Madras High Court judgement striking down Section 66(1)(b) of the Factories Act, 1948, which prohibited employment of women to work in night shifts, and certain conditions laid down by it. Currently, women are allowed to work night shifts only in the IT and IT-enabled service sectors. With this move, women will be allowed to work during nights in other sectors including manufacturing. … [Read more...] about Women allowed to work in night shifts in all factories in Karnataka