Despite a flagging global economy, and a few upheavals of their own, Thailand still boasts one of the most vibrant and interesting real estate markets in the world.
India, China and Vietnam’s tech hubs have a promising future UB City in Bangalore, also known as “Asia’s Silicon Valley” per JLL Rapid progress in technology in cities like Bangalore and Shanghai has helped in driving real estate growth, according to JLL’s latest report City Momentum Index 2016. Focusing on “The Rise of the Innovation-Oriented City,” JLL notes that urbanisation and technological advancements in certain areas have paved the way for building “innovation-oriented economies” that transform real estate projects and infrastructure. London tops the international list for a second consecutive year, followed again by Silicon Valley in San Jose, California.
Global fashion brand Armani recently announced plans to design a high-end apartment project in Chinese city Chengdu. The move marks Armani’s interior design arm Armani/Casa’s entry into China’s bourgeoning luxury property market and the project is expected to be the first of its kind in the country. Situated in the heart of the Sichuan province capital, L’Art Residence is set to comprise 65 units housed in two 222-metre towers
Hainan’s People’s Congress recently approved new regulations for the management of public order for coastal and border defense. Part of the regulations authorizes public security units to inspect, detain or expel foreign ships illegally entering waters under Hainan’s jurisdiction. As a result, initial reporting and analysis indicated that the regulations may provide a basis for China to challenge freedom of navigation in the vast disputed waters of the South China Sea. As the full-text of the regulations have not been published, such conclusions are, at the very least, premature.
Since its establishment in 1991, the Xi’an High-Tech Industries Development Zone in Northwest China’s Shaanxi province has made big strides toward its goal of becoming a world-class zone in the sector.Official statistics show that the 307 sq km zone is now home to more than 16,800 enterprises that generated 370 billion yuan ($59 billion) in revenues in the first eight months of 2012, 31 percent more than the same period last year.”Another big stride has been made with the arrival of Samsung Electronics,” said Zhao Hongzhuan, head of the administrative committee of the Xi’an High-Tech Industries Development Zone.The company began construction on its $7-billion flash memory chip plant earlier last month, just five months after the contract was signed.The project, the largest foreign investment in China’s information and electronics industry, is already attracting others to follow suit.In addition to luring companies with the help of giants like Samsung, the zone has long been attracting them through its own advantages.”We have good infrastructure and we are spending to improve it,” Zhao said, noting that the zone invested 26.53 billion yuan in infrastructure from January to August alone.The high-tech zone has now housed 17 national-level industrial parks for optoelectronics, software and integrated circuits, as well as 23 business startup parks. With a combined area of more than 1.19 million square meters, the startup parks have now produced more than 2,300 companies, according to a report from the zone.Its administrative committee also encourages engineers and college graduates to start businesses by offering free administrative services.”This means that, combined, they can save around 20 million yuan per year,” said Zhao, adding that the measure is expected to help add around 3,000 new companies each year to be established in the zone.”We will try to help around 10,000 new startups in five years so that they can ensure the zone’s sustainable development,” Zhao said.As part of the campaign to drive growth in new companies, the zone authorities also help facilitate access to loans.The local Chang’an Bank has set up a branch to offer financial support to small and medium-sized technology enterprises.Others including Bank of Xi’an, China Merchants Bank and China Construction Bank, are expected to soon follow, according to Zhao.Since many new companies have few hard assets — a frequent prerequisite for banks to lend money — the zone has negotiated with Standard Chartered Bank’s local branch to offer small, unsecured loans to micro and small enterprises.”Such loans, usually ranging from 300,000 to 1.5 million yuan, can provide them with the funds they require to go ahead,” Zhao said.In addition, the high-tech zone itself has earmarked 1 billion yuan per year to boost development f some industries including IT and electronics, according to reports in Xi’an Daily.Official statistics from 2011 show that 13 companies had revenues of more than 10 billion yuan each, 64 generated 1 billion yuan and 265 had 100 million yuan.The zone is now home to 50 listed companies, 60 percent of all publicly traded companies in Shaanxi province. The figure is expected to reach 100 by 2015, Zhao said.
People without local permanent residency permits can apply for passports and other travel documents in six major cities since Saturday.The cities are Beijing, Tianjin, Shanghai, Chongqing, Guangzhou and Shenzhen.Previously, applicants had to go to the place where their hukou, or permanent residency permits, were issued.Up to the early morning of Monday, Beijing’s Exit and Entry Administration, under the capital’s Public Security Bureau, had received 3,000 online applications, including more than 1,300 applications for passports, according to the latest data.Residents in Beijing must make an appointment via the Internet. Successful applicants can then go to their local exit and entry administration to process the registration, the municipal authority said after the regulation was published.All applications in 18 working halls covering Beijing have gone smoothly and there have been no crowds in any location, Yang Liu, a publicity officer at the administration, said on Monday.”Most eligible applicants followed our online registration rules, and many students are busy with the new term, so we didn’t see long waiting lines during the weekend,” Yang said.Su Jialing, deputy director of Chongqing’s Exit and Entry Administration, said that they have received many inquiries and online appointments since Saturday, and that people coming to the administration to process their registrations are sticking to the rules.Li Feng, a publicity official at the Shanghai Public Security Bureau’s Exit and Entry Administration, said that they didn’t have a huge number of people processing applications so far.By 2:40 pm on Monday, a total of 285 people without the Shanghai hukou had gone to the administration to apply for travel documents, and 76 of them took the online reservation.Five out of 30 service windows in the administration were dedicated to those applicants.Registering for the appointment online is mandatory only in Beijing.Fan Yougan, 27, whose hukou belongs to Jiangsu province, but who now lives in Shanghai, got a Hong Kong and Macao pass on Monday afternoon.”It was quite convenient and fast,” she said.Under the regulation, applicants in the pilot areas should show their hukou, ID cards and temporary residence permits when they apply.Those employed need a statement from the city’s social security bureau to confirm that they have paid social insurance in the previous year, while students need a statement from their schools confirming their enrollment.Contact the writers at [email protected] and [email protected] Yiyun in Shanghai and Xu Wei in Chongqing contributed to this story.Read full article here.
Link: Fair Compensation Urged for Flood Retention Program Thailand’s open and tightly integrated into global…
The Finance Ministry has announced various measures to help people affected by the recent floods. Fiscal Policy Office, or FPO, Director General Naris Chaiyasoot disclosed that the Finance Ministry has issued measures, including financial help, to help disaster victims in the North and Northeast through specialized financial institutions.