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  • Business
    Reuters SG

    EMERGING MARKETS-Most Asian stocks climb on China property support plans; FX steady

    Last week, China unveiled "historic" steps to stabilise its crisis-hit property sector, although economic data indicated a patchy recovery for the world's second-largest economy. Stocks in Indonesia reversed course to trade 0.2% lower. A Reuters poll showed that the Bank Indonesia will likely keep its key interest rate on hold through the next quarter to support a weak rupiah.

  • Business
    MediaOutReach

    ERM expands Singapore hub to accelerate growth in the region

    SINGAPORE - Media OutReach Newswire - 20 May 2024 - ERM, the world's largest specialist sustainability consultancy, announces the expansion of its Southeast Asia (SEA) hub in Singapore, further strengthening its ability to advance the green economy and sustainability across Asia. Supported by the Singapore Economic Development Board (EDB), ERM's expansion will help deepen its sustainability impact with leading organizations in the region. The decision to establish the SEA Hub in Singapore is a t

  • Business
    Reuters SG

    PAG raises $550 mln for Asia renewable energy fund, investors include Mubadala

    Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses on investments in physical assets in Asia and includes solar power in Japan as its primary target. PAG, which manages more than $55 billion of capital ranging from private equity to credit, said in a statement that investors in the PAG REN I fund include pensions, sovereign wealth funds and fund-of-funds investors in North America, Europe and the Middle East. In a separate statement on Monday, Abu Dhabi sovereign investor Mubadala Investment Company said it had made a cornerstone investment in PAG REN I, marking its first investment in Japan's clean energy sector.