Latest News for: Banking construction


League City Tesla showroom enters slow lane; Frost Bank opens Texas City center

The Galveston Daily News 01 Apr 2023
Tesla, which is renovating the site of a BMW dealership that moved to the Clear Lake area, is only about 25 percent along with construction, city officials told Biz Buzz last week ... Bank notes. After months of construction, Frost Bank this week opened a Texas City financial center, 2831 Palmer Highway ... Frost Bank is bullish on the Houston market.

BOC puts emphasis on systemic financial risk prevention

China Daily 01 Apr 2023
Taking into account the changes in domestic and international situations, Bank of China will put proactive prevention of systemic financial risk in a more important position this year, placing equal emphasis on high-quality business development and risk prevention and control, a senior executive of the bank said on Friday.

Israeli police fatally shoot man at Jerusalem’s holy site

The Associated Press 01 Apr 2023
Influential business leaders and security men came out against him ... These partners have antagonized the United States and other Western allies, as well as Israel’s new Arab allies in the Gulf, by aggressively pushing for West Bank settlement construction and making controversial statements about the Palestinians.

Loan rescheduling proposed for construction companies

The Saigon Times 31 Mar 2023
HCMC – The Saigon Association of Construction and Building Materials (SACA) has proposed the prime minister allow banks to reschedule loans owed by construction and construction material companies. The the Ministry of Construction said on its portal that SACA and the Vietnam ...

Bataan-Cavite bridge project launched

The Manila Times 31 Mar 2023
Primarily funded through Official Development Assistance loans from the Asian Development Bank, with co-financing from the Asian Infrastructure Investment Bank, BCIB's construction is expected to last for 60 months and is scheduled to be completed by the end of the third quarter of 2028.

These 15 Banks Have a Risky Specialty. It Isn’t a Problem—So Far.

Market Watch 31 Mar 2023
The riskiest kind of real estate loans—for land and construction—came to almost 140% of the bank’s capital ... The third-largest bank with high concentration levels is Bank OZK (OZK), a Little Rock, Ark.–based lender whose commercial real estate loans topped 345% of capital in December, with construction and development loans topping 180% of capital.

Property sector scored for lack of climate plans

The Manila Times 31 Mar 2023
... 50 of the world's largest property development, construction and building management companies ... Likewise, the banking sector can help to encourage better climate action strategies by including sustainability in credit assessments for property development and construction loans.

Higher rates and a liquidity shortage

The Manila Times 31 Mar 2023
THERE is no doubt that the significant interest rate changes last year — in whole or in part — are behind the problems for the banks that have been closed or forced to merge within a short time in Switzerland and the United States. Therefore, speculation inevitably arises as to whether more banks are suffering from the "interest rate risk."

Delhi HC flags unpaid dues related to Chhattarpur Covid-19 centre

Hindustan Times 31 Mar 2023
... conditioning, donning and doffing of the roof, water proofing of the roof, electricals to the entire system, infrastructure for the blood banks for constructing the COVID care facility centre as per the spot quotation/tender dated June 27, 2020 issued to them by Delhi government.

CCB keeping close eye on Fed rate hikes, potential risks

China Daily 31 Mar 2023
China Construction Bank Corp has no risk exposure to Silicon Valley Bank or Credit Suisse, but the large State-owned commercial lender in China will continue to pay close attention to changes in the macroeconomy, financial markets and regulatory policies, conduct risk monitoring ...

Eversource has begun construction of high-voltage transmission line in Sudbury

The Milford Daily News 31 Mar 2023
SUDBURY — Eversource has begun construction on a high-voltage transmission line that will stretch 9 miles along a former railway corridor from Sudbury to Hudson ... "After these enabling activities are finished, crews excavate and install cable vaults and duct bank," according to a construction update posted earlier this week.

Buy Indian Bank, target price Rs 309: ICICI Direct

The Times of India 31 Mar 2023
The current market price of Indian Bank is Rs 290 ... Within the PSU banking stocks the brokerage remains constructive on Indian Bank as it has remained resilient among the PSU banking stocks and is seen rebounding after a potential double bottom at the 100 days EMA (currently placed at Rs 269levels) thus offers fresh entry opportunity.

PBBM: Bataan-Cavite link ‘incredible feat’ once done

Manila Standard 31 Mar 2023
Primarily funded through Official Development Assistance loans fromthe Asian Development Bank (ADB), with co-financing from the Beijing-based Asian Infrastructure Investment Bank (AIIB), BCIB’s construction is expected to last for 60 months and is scheduled to be completed by the end of the third quarter of 2028.

MahaRERA notices to 261 projects with slow pace

Hindustan Times 31 Mar 2023
According to Real Estate (Regulation and Development) Act provisions, promoters must keep 70% of the funds collected for construction of a project in a separate bank account, and to prevent diversion of funds, the funds must be withdrawn only with adequate certification from the ...

Internet-only banks urged to keep innovating

Korea Times 31 Mar 2023
From right, TossBank CEO Hong Min-taek, KakaoBank CEO Yun Ho-young and K bank CEO Suh Ho-sung participate in a seminar titled "Five Years after the Internet-Only Banks. New Banking, Make Money," held at the National Assembly, Monday ... TossBank, KakaoBank, K bank CEOs pledge further innovation.

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In this photo provided by the Belarusian Presidential Press Service, Belarusian President Alexander Lukashenko delivers a state-of-the nation address in Minsk, Belarus, Friday, March 31, 2023
AP / Belarusian Presidential Press Service
European Commission President Ursula von der Leyen delivers her speech at the European Parliament, Wednesday, Oct. 19, 2022 in Strasbourg
AP / Jean-Francois Badias
File - Russian President Vladimir Putin, right, and North Korea's leader Kim Jong Un take an elevator heading to the talks in Vladivostok, Russia on April 25, 2019. As North Korea conducts more powerful weapons tests — and threatens pre-emptive nuclear strikes on Washington and Seoul — it may be taking inspiration from the fiery rhetoric of the leader of a nuclear-armed member of the U.N. Security Council: Russia's Vladimir Putin.
AP / Alexei Nikolsky/Sputnik, Kremlin/Pool Photo via AP, File