Sectoral asset management

A man works at a construction site of apartment buildings in Beijing, China.  REUTERS/Thomas Peter/File photo Engen Tham, Ziyi Tang SHANGHAI/BEIJING  – China’s banking regulator is scrutinizing property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector’s debt crisis worsens. As part of their assessment, the China Banking and Insurance Regulatory Commission (CBIRC) is looking at banks’ loan book exposure to developers to find out if those credit decisions were made according to the rules, one of the sources said. The aim of the latest regulatory probe is to measure risks to the financial system from the ongoing property sector turmoil in the world’s second-largest economy , two of the sources said. The CBIRC did not respond to Reuters requests for comment. All the sources declined to be named due to the sensitivity of the matter. The move comes as policymakers … [Read more...] about China regulator probes banks’ property loan portfolio, sources say

SHANGHAI  – China’s first batch of publicly traded rental property real estate investment trusts (REITs) was snapped up in Shanghai and Shenzhen by yield-hungry investors this week, opening up a new financing channel for the struggling real estate sector. The three newly launched REITs, based on affordable rental properties, were each more than 100 times oversubscribed among institutional investors, managers said in filings. The REITs will raise a combined 3.8 billion yuan ($56 million), based on Reuters’ calculations, and the subscription periods ended early. The rental property REIT launches come as Beijing steps up efforts to aid the real estate business, a sector that was a pillar of growth in the world’s second-biggest economy over the last two decades but is now reeling amid debt piles, mortgage boycotts and sluggish sales. China launched a public REITs market based on infrastructure projects about a year ago, but this week’s launches mark the first time the REIT market has … [Read more...] about China’s first publicly traded rental property REITs snapped up by investors

The last two years have changed how young investors look at real estate. The far-reaching effects of pandemic on their personal and professional lives was the game-changer. They realized the value of owning living spaces that are not only conducive for their ideal lifestyle, but also infallible when it comes to financial gain and stability. Let’s take a look at the reasons why property investments capture this segment’s interest, and why Angeles City, Pampanga is a hotbed one should definitely consider. Property as the wisest investment Now Residences, a mid-rise garden community in Angeles City, Pampanga presents both end-users and investors a sure and wise choice when it comes to investing outside of Metro Manila. Financial gurus agree that r eal estate is emerging as a strong hedge against the roaring inflation, and young investors are at the forefront of it. Industry leader SM Development Corporation (SMDC) realized this with 54% of their increase in revenue … [Read more...] about A new SMDC community in Angeles City, Pampanga built for the new breed of investors

Davao-based businessman Dennis A. Uy’s PH Resorts Group Holdings saw losses swell in the first semester of 2022 as it continued developing its Emerald Bay Resort Hotel and Casino in Cebu. From January to June, losses ballooned by about 90 percent to P333.1 million, its quarterly report showed. The bulk came from a more than 330-percent jump in foreign exchange losses to P191.65 million, as the weakening Philippine peso made its US dollar-denominated debts more costly. The company continued to suffer from the impact of the pandemic, despite the steady recovery in the broader hotel sector due to more relaxed COVID-19 restrictions. It recorded no revenue in the first semester as its due to the closure of the Donatela Resort & Sanctuary in Bohol. “With the continuing resumption of both domestic and international flights and the general reopening of the economy, the company is pursuing plans to reopen Donatela by the start of the fourth quarter of the year,” it said in its … [Read more...] about PH Resorts Group losses ballooned in H1

Share to Twitter Share to Linkedin One of the most difficult and expensive aspects of the supply chain is last mile and home delivery. However, from a customer experience standpoint, it is also the most memorable and possibly important. Autonomous last mile deliveries are part of the answer to the e-commerce boom that we are experiencing. Autonomous mobile robots are also changing last mile deliveries . But today the focus is on last mile drones and what the future holds. The use of last mile drones is still challenging because of FAA regulations, public perception, and the technology itself. However, more and more companies are exploring the use of last mile drones, hoping to bring down the cost of deliveries while improving customer service. Here are six last mile drones to be on the lookout for. Wing is a subsidiary of Alphabet, the holding company for Google GOOG and Waymo. The company has developed a fleet of last mile drones for small package … [Read more...] about The Race For Last Mile Drones

Share to Twitter Share to Linkedin Alibaba and Tencent, the twin pillars of China’s once-booming internet sector, have long had reputations for eye-popping growth figures and minting new billionaires—but no longer. The two companies are now struggling with the harsh reality that eking out any growth at all will be considered a bonus. Their drastically dimming prospects are reflected in Tencent’s latest financial results. The gaming and social media giant, which for years touted double-digit revenue increases, was squeezed on almost all fronts during the quarter that ended in June. Its total revenues shrank by 3% to $20 billion from a year ago—the first such decline since 2014—while profit attributable to shareholders missed expectations and plunged by almost two-thirds to $2.8 billion. Tencent blamed the alarming decline on factors including weaker spending by users and less corporate demand for its ad offerings. The company joins e-commerce giant … [Read more...] about China’s Internet Giants Face New Era Of Tough Oversight And Low Growth