Page 9 - Agenting News Today

KUALA LUMPUR: Genting Bhd remains a recovery play on the back of relaxing restrictions in the UK and US, despite its recent earnings miss.

KUALA LUMPUR: Genting Bhd could face ongoing headwinds following a weaker first quarter, which was weighed down by MCO2.0.

fell deeper into the red in first quarter due to the adverse impact of the Covid-19 pandemic on the groups leisure and hospitality operations. Net losses in the three-month ended March 31 ballooned to RM331mil from RM132mil a year ago. Revenue tumbled 45% to RM2.2bil from RM4.1bil previously, the company said in a press release today. ’s (GENM) leisure and hospitality business worldwide continued to report lower cost structure in 1Q21 following the re-calibration of GENM Group’s operating ...

Staff of SS2 Nasi Kayu Kandar putting up the notice of Operating hour from 8am - 8pm start from 25 May 2021. Due to New SOP of the standard operating procedure for MCO 3.0 ( MAY 23, 2021 ). - ART CHEN/The Star Economy MIDF Research economist Mazlina Abdul Rahman said the projected daily output loss to Malaysias economy due to a full-scale MCO would be around RM500mil to RM600mil. This estimate was based on the assumption the full-scale MCO in Selangor will be as strict as the first MCO in Marc...

Datuk Seri Nancy Shukry - File pic KUALA LUMPUR (Bernama): The tourism company that brought tourists from Alor Setar, Kedah to Genting Highlands, Pahang were found to be in compliance with all the guidelines set for the targeted domestic tourism movement bubble. The Tourism, Arts and Culture Ministry said two buses were involved in the trip on April 22 and returned on April 24, which was organised by a registered tourism company in Bukit Mertajam, Penang. "Preliminary investigations found that...

news Travel Bubble Trip To Genting Highlands Causes COVID-19 Cluster In Kedah Until now, the state government still does not have an accurate number of positive cases within the cluster as screenings are still being carried out. By Arisha Rozaidee — 19 May 2021, 10:40 AM Subscribe to our Telegram channel for our latest stories and breaking news. The Ministry of Health (MOH) recorded a cluster in Kedah which was caused by an interstate tour trip to Genting Hig...

The fund will have three direct/co-investment separate managed accounts (SMA) of US$200mil each. Each will be managed by three private equity fund managers – BlackRock, HarbourVest Partners LLC, and Partners Group AG. Japan’s Denso Corporation is investing RM160mil to expand the production capacity of its automotive semiconductors in Malaysia. The Malaysian Investment Development Authority (MIDA) said the investment, via its subsidiary Denso Malaysia Sdn Bhd, has been approved and it schedu...

registered a small net profit in the last quarter, but warned that the outlook for 2021 is "highly uncertain" due to the Covid-19 pandemic. For the full year ended Dec 31, 20 the group made a loss of RM1bil. Revenue was halved to RM11.56bil compared with RM21.6bil a year ago. The group has declared a special single-tier dividend of 8.5 sen per share for FY20. Total dividend (including the interim dividend of 6.5 sen) for FY20 will amount to 15 sen per share. "The outlook for the global tourism...

KUALA LUMPUR: Genting New York LLC (GENNY), a subsidiary of the Genting Group, is expected to see a strong recovery post-pandemic with long-term opportunities on the horizon amid the economic recovery

KUALA LUMPUR: Genting Malaysia Bhd has announced a temporary closure of Resorts World Genting, Resorts World Awana, Resorts World Kijal, and Resorts World Langkawi from Jan 22 to Feb 4,2021 due to the movement control order.