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RBA warns on home loans, rates on hold

RBA warns on home loans, rates on holdThe Reserve Bank of Australia has fired a stern warning at mortgage lenders, knowing any change to interest rates is a risk to fragile economic growth. The central bank held its benchmark interest rate steady at a record low of 1.5 per cent at its April board meeting on Tuesday, in line with the forecast in an AAP survey of 12 economists. RBA governor Philip Lowe is concerned soaring housing prices are pushing up the household debt to income ratio - which he said was already at a record high earlier this year.

Directors urge negative gearing cutback

The GST should be broadened and lifted to 15 per cent while negative gearing ought to be wound back, Australia's company directors say. Ahead of Treasurer Scott Morrison's second federal budget next month, the Australian Institute of Company Directors has called for major tax reform including boosting the rate of the GST, slashing personal income tax and reviewing negative gearing. The lobby group also argues for staged cuts in the corporate tax rate while questioning the federal government's recent advances in reducing the tax rate for businesses with a turnover up to $50 million.

Loan curbs no help on home prices: Moody's

New measures to restrict investor lending are unlikely to achieve their hoped-for goal of bringing down prices in Australia's surging housing market, ratings agency Moody's has warned. Moody's says recent steps taken by regulators the Australian Prudential Regulation Authority (APRA) and the Australian Securities Investments Commission (ASIC) to crimp investor lending and calm rampant house price growth are a positive for the stability of the banking sector.

Telstra denies it is taking back stores

Telstra denies it is taking back storesTelstra says it is not planning to take control of some of its high performing stores from long-standing retail partner Vita Group. Citing a leaked internal Telstra document, Fairfax Media has reported the telco giant has identified a number of stores it wants to bring back into its own retail network, including 11 that are operated by Vita Group. Shares in Vita Group, which operates 102 Telstra stores, dropped 21 per cent, or 68 cents, to $2.54 on Tuesday.

$A falls on RBA's house market warning

The Australian dollar has fallen to a three week low below 76 US cents after the Reserve Bank warned of the economic risks posed by rising household debt. The RBA kept the cash rate on hold as expected, ...

Welcome to Sinoprocur

Modular housing

Sinoprocur Ltd is a Hong Kong registered buisness, operated and managed from Queensland, Australia. The company participates in bulk commodity trading as well investment capital and equipment provision to the resources sector.

Additionally, Sinoprocur Ltd is mandated to AEI Ltd, a company operating out of Hong Kong and incorporated since 2002. AEI (Alternative Energy Investments) develops businesses it believes can have a meaningful role in sustaining security across our food, water and energy needs. AEI has developed and funded companies in energy efficiency, atmospheric water management and agriculture.  Enquiries can be made via Sinoprocur's contact page.

The two main trading arms of Sinoprocur are:

1) provision of services to the resources sector, including a procurement specialist division (sourcing and supplying products to the oil,gas and mining sectors) and the provision of investment capital to resources sector for green and brownfield resource projects.

2) commodity marketing and trading: thermal/coking coal,iron ore,copper.

The company's commercial network spans the African, US, South American and Australasian markets and sources on a global basis. Sinoprocur is able to assist in the procurement of goods and equipment secured direct from factories and manufacturers.

On the commodity side, we can assist with the sourcing, supply and marketing of commodities such as coal, iron ore and copper, with particular focus on supply from the Indonesian and South American markets. Up to 36 months contracts available with roll overs and extensions. Between 500,000 and 1M MT available per month.

Some of the procurement areas Sinoprocur is involved with : modular housing  tyre chains  OTR mining tyres ( all tyre sizes )

Further areas of service within Sinoprocur are - Advisory and Technologies.