Rupiah’s rally to get boost from global flows as Fed cuts loom

Rupiah’s rally to get boost from global flows as Fed cuts loom

RUPIAH bulls are betting on further gains as foreign investors pile into Indonesian debt ahead of key interest-rate moves. Strategists at Malayan Banking and CIMB Bank see the currency strengthening towards 15,000 per US dollar by year-end. That’s a sharp reversal from their previous forecasts of a weaker rupiah, which closed at 15,400 per US…

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PwC probe spotlight shifts to Hong Kong after record China fine

PwC probe spotlight shifts to Hong Kong after record China fine

THE focus of a lengthy probe into PricewaterhouseCoopers’s (PwC) China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council (AFRC) said its review of PwC’s local practice, which is…

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Stocks to watch: Sembcorp, Sabana Reit, ProsperCap 

Stocks to watch: Sembcorp, Sabana Reit, ProsperCap 

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 16): Sembcorp Industries: The group’s subsidiary Sembcorp Green Hydrogen India is “in discussions” with Indian oil and gas company Bharat Petroleum Corporation to enter into a definitive joint-venture agreement for renewable energy and green hydrogen projects across India. The…

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ProsperCap seeks to ride UK domestic tourism recovery, upgrade hotels

ProsperCap seeks to ride UK domestic tourism recovery, upgrade hotels

Despite a fire incident that hit revenue, chief executive Iqbal Jumabhoy is optimistic about the company’s recent performance and growth prospects HOSPITALITY specialist ProsperCap Corp is looking to ride the recovery in domestic business and leisure travel in the UK, while upgrading some properties in its portfolio of mostly upscale hotels across the country’s key…

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