Azmin: Genting Hong Kong bankruptcy has no impact on Malaysian economy


SHAH ALAM: The Genting Hong Kong bankruptcy has no impact on the country’s liquidity and economic growth, said Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

The media had previously reported that three Malaysian banks were named as among the chief unsecured creditors of Genting Hong Kong, with a combined exposure of US$600 million (RM2.5 billion).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Vestland terminates three jobs worth RM551mil
ES Sunlogy wins RM22mil power sub-contract
ES Sunlogy secures RM22.3mil sub-contract in Penang
Vestland terminates three affordable housing contracts worth RM550.7mil
Pestec appoints Adam Yee as president
Wawasan Dengkil and Kester partner on renewable energy projects
Binastra's unit inks tripartite agreement involving RM305mil contract
Ringgit ends lower as firmer US dollar weighs on market
Infomina posts higher 2Q profit, declares 1.35 sen dividend
SkyGate acquires property investment firm for RM76mil

Others Also Read