Russia may set record in new housing supply in 2021, Putin says

The president noted that when the construction volumes increase, other issues emerge such as the problems of creating social and transport infrastructure

Vladimir Putin© Vladimir Novikov/POOL/TASS

MOSCOW, September 11. /TASS/. A record in construction and new housing supply may be set in Russia in 2021, Russian President Vladimir Putin said during a meeting with Moscow Mayor Sergei Sobyanin on Saturday.

“In general, we may have a countrywide record,” the president said commenting on the mayor’s report that Moscow may set a record this year in housing construction in its entire history. The president also noted that “the country’s economy on the whole has been restored.”

The president noted that when the construction volumes increase, other issues emerge such as the problems of creating social and transport infrastructure. He noted that in Moscow great attention is paid to the development of public transportation. “We unveiled some projects together, some of them we even planned together, and you have successfully implemented it all, everything is already functioning,” the president told the mayor, specifying that he meant the development of a new subway circle line and transportation hubs.

Additionally, the president noted the issues of improving the city’s historical center.

News Related


'He is his own ecosystem': Inside Kunal Shah's unique angel investing frenzy

Illustration: Suneesh K It took a minute for Kunal Shah to commit $20,000 to a new startup he had never heard of. At 3:20 pm, an investor sent Shah a ... Read more »

More than half a million households live in ‘energy poverty'

About 550,000 Dutch households live in so-called energy poverty. They have high energy bills, usually a poorly insulated house and a low income. This is the conclusion of research organization ... Read more »

Buzzing Stocks: Zee, Adani Ports, Alankit, Infosys and other stocks in news today

Zee Entertainment: Essel Group, promoter of Zee Entertainment, will get a transfer of two percent stake in the merged entity from Sony Pictures as part of the non-compete agreement of ... Read more »

Girish Mathrubootham: Freshworks IPO is a Roger Bannister moment for Indian SaaS, 'apna time aa gaya'

This is a story that Freshworks founder and CEO Girish Mathrubootham loves to tell. A story that doesn’t feature his favourite actor Rajinikanth but Sir Roger Gilbert Bannister, a British ... Read more »

Wall Street ends higher as Fed signals bond-buying taper soon

The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central ... Read more »

Taliban's commitment not to allow use of Afghan soil for terrorism in any manner should be implemented: Jaishankar

Reuters India has said that the Taliban‘s commitment not to allow use of Afghan soil for terrorism in any manner should be implemented as it called for a broad-based inclusive ... Read more »

RBL Bank MD gets nearly all votes at AGM for 4th term

An overwhelming 99.94 percent of RBL Bank shareholders have approved the reappointment of Vishwavir Ahuja as the managing director and chief executive for the fourth term beginning June this year. ... Read more »

US rules out adding India or Japan to security alliance with Australia and UK

Joe Biden addressing UN General Assembly (Image: Twitter/@ANI) The United States has ruled out adding India or Japan to the recently created security partnership with Australia and the United Kingdom ... Read more »

PM Narendra Modi to interact with global CEOs to highlight opportunities in India

“Landed in Washington DC. Over the next two days, will be meeting President Joe Biden, Vice President Kamala Harris, Prime Ministers Scott Morrison from Australia and Yoshihide Suga from Japan,” ... Read more »

Petrol, diesel prices on September 23: Check rates in your city

Petrol and diesel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. (Representative Image) Petrol and diesel prices remained unchanged ... Read more »

Hot Stocks | M&M Financial Services and Piramal Enterprises can give up to 16% return in short term

Since the start of this week, the benchmark index Nifty has been volatile and we are witnessing a tug of war between bulls and bears. On September 22, the market ... Read more »

Apple to pay bonuses of up to $1,000 to store employees

Apple countered that it would allow security researchers to verify its claims, but the company on Friday said it would take more time to make changes to the system. Apple ... Read more »

Freshworks IPO creates more than 500 crorepatis in India, with 70 of them aged below 30

A couple of months ago, this reporter asked Freshworks founder and CEO Girish Mathrubootham if he would also offer BMW bikes to hire engineers, something that fin tech BharatPe had ... Read more »

PM Modi arrives in US to attend Quad leaders' summit, address UNGA

Prime Minister Narendra Modi (Illustration: Moneycontrol) Prime Minister Narendra Modi arrived here on Wednesday on an official visit to the US during which he will hold the first face-to-face meeting ... Read more »

Lottery Sambad Result September 23: 'Dear Bangabhumi Bhagirathi' lottery winners to be announced at 4 pm

Results of the West Bengal State Lottery Sambad ‘Dear Bangabhumi Bhagirathi’ are announced every Thursday at 4 pm. Lottery Sambad Result: The West Bengal State Lottery Department to announce the results of its ... Read more »

Intel, Apple to be among attendees of White House meeting on chip shortage

Intel says the new chips offer a 19 percent performance increase and 2.5 times the bandwidth of the 10th Gen Core Mobile series Intel Corp Chief Executive Pat Gelsinger plans ... Read more »

Indian diaspora has distinguished itself across the world: PM Modi

The government has not given any official reason on why the meetings have been cancelled. Prime Minister Narendra Modi has commended Indian Diaspora for distinguishing itself across the world as ... Read more »

China's home-grown cross-border yuan payments system aims to expand reach by end of 2021

China is quietly growing its home-grown payments system to allow cross-border transactions in yuan as trade and investment with the rest of the world grows and Beijing makes a bigger ... Read more »

Sun Hung Kai Properties, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high

Hong Kong’s biggest developers are joining the rush to build small flats to woo young buyers as prices in the world’s most expensive housing market approach an all-time high. The ... Read more »

Singtel commits US$405 million to Bharti Airtel's rights issue

Airtel’s upcoming rights issue is subject to regulatory approval and slated to take place from Oct 5 to Oct 21, 2021. SINGAPORE (THE BUSINESS TIMES) – Singtel on Thursday (Sept ... Read more »

As Evergrande sways, another big Chinese developer tries to save US deals

SHANGHAI (BLOOMBERG) – As the financial world warily watches the fate of cash-strapped China Evergrande Group, another big Chinese property developer is facing a ticking clock too, tied to projects ... Read more »

(LEAD) S. Korea wary of market volatility from Evergrande woes, Fed's tapering: official

(ATTN: ADDS BOK official’s remarks in paras 8-9) SEOUL, Sept. 23 (Yonhap) — South Korea plans to closely monitor financial markets as China Evergrande Group’s debt problems and uncertainty about ... Read more »

(LEAD) Exports rise 23 pct in first 20 days of Sept.

(ATTN: UPDATES with more details from para 3; ADDS photo) SEOUL, Sept. 23 (Yonhap) — South Korea’s exports rose 22.9 percent on-year in the first 20 days of September on ... Read more »

Hong Kong looks to technology as public ignorance and apathy leave city with US$885 billion shortfall in mortality protection

Hong Kong faces a mortality protection gap of HK$6.9 trillion (US$884.6 billion), which could cause many families undue financial trouble in the event of the death of the main earner, ... Read more »

Liz Truss visits Mexico to push for UK to join 11-member international trade pact

It comes as the prime minister played down the prospect of an imminent trade deal with the US, saying President Joe Biden has "a lot of fish to fry". Read more »

Korea unattractive to foreign investors: Ambrosetti report

gettyimagesbank By Lee Kyung-min Korea ranked eighth out of 148 countries and last out of five major Asian economies this year in terms of global attractiveness, a report by a ... Read more »

FrieslandCampina chairman resigns after three months

The chairman of dairy cooperative FrieslandCampina, Erwin Wunnekink, resigns barely three months after his appointment. Wunnekink will also retire from the company’s supervisory board. Wunnekink announced this this Wednesday during ... Read more »

Britney Spears conservatorship: Ex-prosecutor predicts timeline for when Jamie Spears may be removed

Former prosecutor David Henderson predicted that September 29 would mark the day that Jamie Spears would be removed from daughter Britney Spears' conservatorship.  “I think this is one of those ... Read more »

Exports rise 23 pct in first 20 days of Sept.

SEOUL, Sept. 23 (Yonhap) — South Korea’s exports rose 22.9 percent on-year in the first 20 days of September on the back of robust demand for chips, petroleum products and ... Read more »

KEPCO to up electricity rate for 1st time in 8 yrs amid rising costs

By Kang Yoon-seung SEOUL, Sept. 23 (Yonhap) — The Korea Electric Power Corp. (KEPCO), South Korea’s state-run utility firm, announced Thursday it plans to raise the electricity rate in the ... Read more »

Impossible Foods to roll out meatless pork in Singapore, Hong Kong and US

HONG KONG (REUTERS) – Impossible Foods is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year as it tries to bolster its ... Read more »

Facebook's chief technology officer to step down in 2022

SAN FRANCISCO (NYTIMES, BLOOMBERG) – In a rare change to Facebook’s top ranks, Mike Schroepfer, the chief technology officer (CTO) and a longtime executive, plans to step down from his ... Read more »

Business body seeks incentives to stimulate foreign demand

The Phuket sandbox will help revive the residential market in the province next year, but a local business body is calling on the government to provide one-stop services and incentives ... Read more »

2022 Best Colleges in U.S.: Harvard, Stanford, MIT Take Top Rankings Schools with the resources to deal with the fallout from Covid-19 dominated The Wall Street Journal/Times Higher Education college rankings this year

Harvard University claims the top spot for the fifth straight year. GETTY IMAGES NORTH AMERICA/AFP The Covid-19 pandemic has changed a lot about higher education. But some things remain constant: The ... Read more »

NCSA investigates two data leakage episodes

The National Cybersecurity Agency (NCSA) has confirmed the personal data of 106 million international travellers to Thailand was exposed online last month, but was quickly secured by authorities, with no ... Read more »

OIC unmoved by soaring Covid claims

Total claims for Covid-19 insurance ballooned to 9.43 billion baht at the end of August and are expected to continue rising as the daily infection rate remains high, says the ... Read more »

AIS banking on digital venture with SCB Mobile firm seeks new revenue stream

Mr Somchai (left) is pictured next to Arthid Nanthawithaya, chief executive of SCB. AISCB, the companies’ joint venture, will focus on digital financial services. Advanced Info Service (AIS), the country's ... Read more »

August exports expected to expand at a slower rate

Shipping containers sit aboard a vessel at Klong Toey Port in Bangkok. Somchai Poomlard Exports should continue to maintain their growth momentum in August, albeit at a slower pace than the ... Read more »

Pizza Company sees sales bouncing back Optimistic last year's level will be reached

The Pizza Company is launching a special round of ‘Buy 1 Get 1 Free’ menus through all channels every day from today until Nov 8 of this year. The Pizza ... Read more »

Cramer's lightning round: You can buy more Ulta Beauty

Ulta Beauty: “You can buy more Ulta Beauty. We sat down with management recently. … I like that stock very much.” Laredo Petroleum: “I don't Laredo. I've got a bunch ... Read more »