Casino jurisdiction Singapore confirmed on Sunday it was in talks with regional neighbour Australia about joint easing of Covid-19 -related travel restrictions.
The city-state said it was discussing with Australian authorities “the mutual recognition of vaccination certificates and resumption of travel with priority for students and business travellers”.
On Friday, Singapore’s Transport Minister, Ong Ye Kung, had stated in a radio interview that the country was exploring ways to open up its borders and revive air travel.
“Nobody is going to come to Singapore and stay for 14 days,” Mr Ong was quoted as saying, alluding to quarantine protocols even for those permitted to enter.
Genting Singapore unable to gauge financial impact for FY21 as global Covid-19 development uncertain theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Genting Singapore Ltd, the promoter of Singapore’s Resorts World Sentosa casino complex, granted on Monday a total of SGD1.7-million (US$1.3-million) worth of performance-based shares to directors of the firm, including Lim Kok Thay (pictured), its executive chairman and current head of the Genting group’s founding dynasty.
According to a Monday filing to the Singapore Exchange, Genting Singapore disbursed a total of 7,765,000 award shares, priced at SGD0.85 per unit – the closing price on Monday – under what the firm called its “performance share scheme”.
In early February, Genting Singapore posted a SGD69.2-million net profit for full-year 2020, down 89.9 percent from the previous year, amid the disruption to tourism and leisure wrought by the Covid-19 pandemic.
Genting Singapore Ltd has responded to queries by the Singapore Exchange (SGX) in relation to its cash pile of S$3.99 billion, namely why its interest income fell and why it borrowed S$266.8 million despite its sizable cash and cash equivalents.
Malaysia’s super-rich, hard hit by the market following the outbreak of Covid-19, saw billions being wiped out of their fortunes. On the other hand, entrepreneurs involved in the making of rubber gloves minted more money, while new billionaires emerged from the tech manufacturing sector as shares of their companies soared in 2020.
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
And if this may offer some consolation amid the plunging values of your retirement and savings accounts, some of Malaysia’s wealthiest individuals have lost lots of money too, a survey on Malaysia’s 40 Richest individuals for 2020 showed.