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Summary of business news from Feb 22 to 28


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 scheduled to start in April.
It will be venturing into the production of automotive semiconductors, ASIC named “exposed package (Ex-PKG)”, which is superior and competitive in terms of high functionality, efficient high heat dissipation, miniaturisation and cost reduction. ....

Hong Kong , Genting Highlands , Malaysia General , Sdn Bhd , Stanley Choi Chiu , Goldman Sach , Genting Bhd , Malaysia Airlines , Ambank Group , Malaysia Airline , Malaysian Investment Development Authority , Japan Denso Corporation , Airasia Group Bhd , Alibaba Group Jack Ma , Malaysia Development Bhd , Partners Group , Harbourvest Partners , International Air Transport Association , Provident Fund , Digital Travel Health Pass , Lee Thiam Kit , Development Bhd , Malaysian Government , Employees Provident Fund , Denso Corporation , Denso Malaysia Sdn Bhd ,

Genting registers RM1bil loss in 2020, flags highly uncertain year ahead


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, leisure and hospitality industries remain highly uncertain, Genting said in a statement today.
While the regional gaming market has continued to register some level of recovery, significant challenges will persist in the coming year given the negative impact of the pandemic on the sector, it added.
 ....

New York , United States , Kuala Lumpur , United Kingdom , Genting Skyworlds , Genting Bhd , Genting Singapore Ltd Group , Resort World Genting , Resort World Langkawi , Resorts World Kijal , Hyatt Regency , Resorts World New York , Singapore Ltd Group , Corporate News , Genting Malaysia , Resorts World Genting , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , குவாலா லம்பூர் , ஒன்றுபட்டது கிஂக்டம் , கெண்டிங் ப்ட் , கெண்டிங் சிங்கப்பூர் லிமிடெட் குழு , உல்லாசப்போக்கிடம் உலகம் கெண்டிங் , உல்லாசப்போக்கிடம் உலகம் ல்யாநஂக்‌காவி , ஹையட் ரீஜென்சி , ரிசார்ட்ஸ் உலகம் புதியது யார்க் ,