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Green light to impose debt-to-income limits on housing investors

Green light to impose debt-to-income limits on housing investors Newsroom 16 hrs ago © Provided by Newsroom Minister gives firm direction that new lending limits – if and when they are required – should not apply to homebuyers. Government gives firm direction that new lending limits – if and when they are required – should not apply to first home buyers The Finance Minister has approved lending limits for property investors who lack sufficient income to guarantee repayments in tough times. But Grant Robertson wants the new debt-to-income limits targeted at property investors: he has set a condition that when the Reserve Bank implements the new lending limits, they are designed to avoid an impact – as much as possible – on first home buyers.

RBNZ Eyes Another Tool to Battle World s Hottest Housing Market

Christine Poole s Top Picks: June 16, 2021 IPO market surges in Canada as established firms find demand It s here to stay : WallStreetBets founder doesn t see meme stock phenomenon stopping Gordon Reid s Top Picks: June 15, 2021 U.S. stocks snap three-day rally; Crude oil jumps Bitcoin still being called a bubble after May s 35% crash Larry Berman: Are stock buybacks making inequality issues worse? Jennifer Radman s Top Picks: June 14, 2021 Vaccine stocks slide after Novavax shot proves highly effective A meme stock is born: How to spot the next Reddit favourite Too big to fail may not apply in China anymore, Goldman says Biotech finds market love at last as meme traders, FDA converge

Firms struggle to comply with energy regulations

THE STANDARD BUSINESS A Kenya Power technician carries out maintenance on a power line in Nyeri town.  [Mose Sammy, Standard] Local companies are struggling to implement measures to reduce their energy bills, with more than half failing to comply with energy management regulations. A new report by the Energy and Petroleum Regulatory Authority (Epra) noted that embedding energy management within their structures as well as undertaking regular audits can save Kenyan firms an estimated Sh45 billion annually. Partial compliance with the Energy Management Regulations, which stands at 43 per cent, however resulted in firms saving only Sh19 billion annually over the last nine years.

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