Day: September 15, 2024

Professional Office Design, Inspiring the workplaces Inspiring the workplaces Weekly News Highlight 1.Loosening real estate regulations Central Bank holds reservations 2. For first-time buyers to save their lives, the eight major banks will suspend the new quota for large builders 3! The amount of industrial real estate transactions in the first eight months exceeded last year's $91.7 billion. 4! Wistron to build its first "mega-scale data center" in Taiwan 5. Rentech continues to revitalize its assets 5,000 ping of industrial land in Guanyin will be put up for sale in October 6. Kyodo is spending more than $1.5 billion to purchase land and equipment in Zhunan to expand its production capacity 1. Laxing the restrictions on real estate The central bank is holding a reserved stance 2024.09.05 Economic Daily News I By Peggy Liao, Mei-Jun Chen/Taipei In order to help solve the mortgage drought, the Bank of China is proposing three major real estate lending projects. Excluding the "Banking Law" 72-2 article real estate 30% limit, which attracted the most attention is the crisis of the old are more civil construction financing sub-family housing loans, but the central bank's attitude to retain, suggesting that the FSC to consider the overall situation, to avoid the real estate market over-absorption of funds, affecting other industries. The FSC invited the Central Bank, the Ministry of Finance and 13 private banks to discuss the issue of housing loans yesterday (4). Mr. Lin Chih-chi, Deputy Secretary of the Banking Bureau, said that the central bank mentioned that the concentration of real estate lending is already close to an all-time high, and that increasing the number of excluded items will cause the real estate market to over-absorb funds, which will affect other industries. Mr. Lin said that some banks in the meeting suggested that Article 72-2 of the Banking Law (known as the real estate law) be excluded from the conversion of the construction financing of dangerous old buildings into subdivided mortgage loans, mainly because the construction financing of the dangerous old buildings would not be counted as Article 72-2, and it was suggested that it could be excluded when these buildings were converted into mortgage loans. The main reason for the exclusion is that it has nothing to do with the real estate boom in China. Thirdly, the loans for the construction of libraries and sports centers by government agencies are also excluded. Lin Zhiji said, on the "more dangerous old to housing loans" can be excluded, the central bank meeting has put forward some views, suggesting that the FSC overall consideration; overseas branches of the construction of the exclusion of the advantages and disadvantages of the FSC in these two cases will be carefully evaluated, not already decided. 2. for the first buyers to save the emergency eight banks will be large builders to suspend the new quota 2024.09.04 United Daily News I reporter Zhu Hanlun / Taipei Instant Report builders to pay attention to the future if you want to buy the land, the first assessment of their own pockets are not deep enough. It is understood that last Friday, after Premier Zhuo invited the eight banks to meet, the major banks have reached a consensus among the five, which, due to the current priority to rescue the first home buyers without their own homes home loans, so the future of the major banks to large builders of the existing quota, at least the first half of next year will not be increased, and at the same time, will not be underwritten by the remaining home loans. As for the new Greenback interest rate, under the direction of the Executive Yuan, the major banks have reached a consensus not to increase the new Greenback interest rate, but other interest rates, depending on the cost of capital of the bank will be adjusted according to the situation. According to sources, in the meeting convened by Premier Cheuk-yee last week, some officials asked the bankers.

Professional Office Design, Inspiring the workplaces Inspiring the workplaces Weekly News Highlight 1. Fed Minutes: Most Officials Estimate September is the Right Month to Cut Interest Rates 2. Public Bank: Central Bank to Increase Housing Market Control Measures in September "These Two Measures" are Most Likely to 3. Older Hotels are Changing Huatai Prince Sihua is Starting 4. North City of Tianjin 4. 410 million for the big hotels in the North City of Tianjin changed hands 5. Supermicro R & D center settled in Tainan, Kaohsiung is expected to bring 15 billion yuan of new investment 6. Sinopec bidding for the sale of land in Kaohsiung 8,861 ping a revenue of 7.6 billion yuan 1.Fed minutes: most officials estimate that September is suitable for interest rate cuts 2024.08.22 I Business Times I reporter Lui Chia-en / report on the Federal Reserve Board on the 21st announced the minutes of the July meeting, which showed that the content of most of the decision-making officials with the meeting on inflation, the central bank to reduce interest rates in September, the central bank to reduce the number of people in the housing market. The Federal Reserve Board released the minutes of its July meeting on July 21, which showed that most of the policymakers at the meeting were more confident that inflation would continue to fall, and therefore thought it might be appropriate to cut interest rates in September. Some of the officials even thought that inflation and the job market had stabilized, and that there were enough reasons to cut interest rates in July. The Federal Reserve Board concluded its interest rate decision-making meeting on July 31, keeping the federal funds rate at its highest level in more than two decades. However, it made a significant change in its post-meeting statement, which differed from its previous statement that inflation was "still strong" by saying that inflation had slowed in July, and changed the phrase "the Administration is highly concerned about inflation risks" to "the Administration is concerned about the risks of the two tasks (i.e., the dual risks of inflation and the employment objective)". Nick Timiraos, a reporter for the Wall Street Journal, who is known as the "Federal Reserve Board's sounding board," pointed out at the time that the Federal Reserve Board's equal treatment of employment and inflation goals in the statement meant that inflation might no longer be an obstacle to rate cuts, and that it was opening the door for rate cuts. The minutes of the meeting released on the 21st indicated that all policymakers at the meeting were in favor of keeping interest rates unchanged, although some participants noted that progress in reducing inflation and rising unemployment had justified a rate cut at the meeting. Many participants felt that monetary policy remained restrictive, although views on the extent of monetary tightening varied, with a few participants pointing out that even if the nominal target range for the policy rate remained unchanged, a sustained downturn in inflation would itself have a monetary tightening effect, while a majority of participants emphasized the importance of the Administration's reliance on data, and reiterated that monetary policy decisions depended on the development of the economy rather than on a predetermined path. Most participants emphasized the importance of data and reiterated that monetary policy decisions depended on economic developments rather than a predetermined path. As for the outlook for the job market, most participants considered that the risk to the full employment target had increased, while the risk to the inflation target had decreased; some policymakers even warned that there was a risk that the labor market might deteriorate significantly, and that cutting interest rates too late or not enough might hit the economy and employment. Considering the weakening of the labor market, policymakers have therefore lowered their expectations for U.S. economic growth in the second half of this year. According to these minutes, data in recent months have reinforced officials' confidence that inflation is moving downward toward the 2% target, with the vast majority of participants believing that the U.S. economy is on a downward path toward the 2% target.