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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 group's 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 structure and right-sizing of its workforce in response to the unprecedented disruptions to its ope...

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 Malaysia's 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 March last year where more than 50% of the economic sector was shut down and only selected essential ec...

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 the company had complied with all the conditions set in the standard operating procedure (SOP) for ...