Genting HK bankruptcy has no impact on economy


Azmin Ali Minister

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

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$600mil (RM2.5bil).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Crest Builder unit bags RM486mil job
Axis-REIT shows improved quarterly performance
Vietnam apparel companies raise concerns over 2H production
Strong earnings expected for Ancom Nylex
PMIs improve even as weak yen intensifies price pressures
Optimistic outlook for Grade A premium offices
Medical tourism to bolster private hospital growth
Haily wins RM109.5mil contract
ASIAWATER 2024 set to chart course for water resilience
SERC has positive outlook on exports this year

Others Also Read