One major – if indirect – reason China’s real estate industry is so shaky is that local governments are heavily dependent on tax revenue from land sales, as well as property taxes and real estate …
Morgan Stanley cuts Macau op 2023 EBITDA forecast by 5pct
Banking group Morgan Stanley says it has lowered by 5 percent, on average, its estimates on 2023 earnings before interest, taxation, depreciation and amortisation (EBITDA) for Macau’s six casino …
Hong Kong Property: Challenged But Resilient
The Hong Kong property market, known for its high prices, is navigating challenges due to factors like rising rates, slow post-COVID recovery and close ties to mainland China. The office sector in …
Slave descendants vow to fight on after Georgia county approves larger homes for island enclave
Descendants of enslaved people living on a Georgia island vowed to keep fighting Tuesday after county commissioners voted to double the maximum size of homes allowed in their tiny enclave, which …
Higher investment means Hyundai could get $2.1 billion in aid to make electric cars in Georgia
The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South Korean automaker and a partner announced last …
Valor Hospitality Partners continues Middle East expansion with second Oman property
Valor Hospitality is appointed by Ezz Asass International to operate the 85-key Four Points by Sheraton branded property located in Duqm, Oman …
Azerbaijan expands investment opportunities in state-owned enterprises
BAKU, Azerbaijan, September 13. Opportunities for investment in state enterprises of Azerbaijan are expanding, Azerbaijani Economy Ministry told Trend.
Family of late billionaire agrees to return 33 stolen artifacts to Cambodia
The collection, owned by late billionaire George Lindemann, included relics stolen from major religious and archeological sites in Cambodia.
Kim Jong-un and Vladimir Putin meet as North Korea tests ballistic missile
Talks have officially begun between North Korea’s Kim Jong-un and Russia’s Vladimir Putin, with Putin saying the summit would cover “all issues”.The two men began their meeting at a tour at Russia’s …
Rs 5,000 fine per day! RBI orders banks, NBFCs to release property docs within 30 days of loan repayment
The move comes into effect on December 1, 2023, and is aimed at safeguarding the rights of borrowers and streamline the lending process.