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The wake of two days of heavy losses on wall street. I am here at the Singapore Air show as Asian Countries beef up defence spending i have a lie in chief executive. Live interview. It is tuesday, glad you could join us for another exciting addition of Asia Business report. We start off with a very volatile and crazy global stock market. And the rout has deepened this tuesday with Asian Financial markets heading lower this morning on the back of heavy losses on wall street. This is where things stand at the moment. As you can see, the nikkei is down by over 4 . The all ordinaries index is in t...

Inclusionary requirement has always explicitly included Group Housing. But at many point, the Planning Department made an unofficial determination that Group Housing was not subject to the Inclusionary Housing Program. However, this determination was never formalized in a written Zoning Administrator determination, which could have been appealed to the board of appeals. Therefore, we only recently became aware of this unofficial policy. And recently developed and proposed a number of marketrate Group Housing projects that have brought to light the fact that the Planning Department is currently...

As i said many times before, 60 of the San Francisco residents qualify for Affordable Housing in the city. The board intended this program to apply to all units built, and explicitly stated that Group Housing was one of the types of housing which should apply under the inclusionary ordinance. It only became clear as supervisor avalos mentioned, to our office last year, that the Planning Department has been interpreting this ordinance differently because of a difference in how dwelling units are interpreted versus housesing units. And because Group Housing is not considered under the umbrella o...

Housing and Group Housing both bmr Group Housing and nonbmr Group Housing in my view is a very important part of the mix. We need to make sure that were allowing various types to be built. I know at least one Group Housing project that was in the pipeline, when this legislation was introduced, converted to a more traditional apartment or condo building. They said it no longer penciled out for their financing and we lost a Group Housing project. I have heard from other Group Housing developers that it can pencil out. So i think its a little unclear here, but clearly having inclusionary Housing ...

The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining t...