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Group to recover fast once herd immunity achieved
KUALA LUMPUR: Maybank Investment Bank Research is forecasting a wider core net loss for Genting Malaysia Bhd as it projects a delay in the reopening of Resorts World Genting to November 2021 following the recent surge in new Covid-19 cases in the country.
MACAU: Macau reported lower-than-expected gaming revenue for July as border relaxations with the mainland came under question following new Covid-19 flareups in China.
LONDON: London’s Heathrow Airport has urged Britain to open up travel to vaccinated passengers after its recovery fell behind hubs elsewhere in Europe, pushing its cumulative pandemic losses to US$4bil (RM16.9bil)
KUALA LUMPUR: Genting Malaysia Bhd's core net loss in FY21 is expected to widen following the third closure of Resorts World Genting amid renewed lockdown measures, although a recovery in FY22 is projected to remain intact.
SINGAPORE: Hotels may have experienced a boost during the December break thanks to the tourism vouchers and the school holidays, but they continue to face an uphill struggle this year without international travellers.
PETALING JAYA: Berjaya Food Bhd (BFood) reported a net profit of RM8.01mil in its second quarter ended Dec 31,2019, on revenue of RM184.12mil.
PETALING JAYA: Retail Group Malaysia (RGM) is revising upwards its 2019 growth forecast for the country’s retail sales to 4.9% from 4.5% previously, following the better-than-expected growth rate in the first quarter and a pick-up in the second quarter.
PETALING JAYA: Berjaya Food Bhd (BFood) has registered a 188% jump in its net profit to RM8.98mil for the third quarter ended Jan 31 on the back of higher profit contributions from its Starbucks operations and improved performance of Kenny Rogers Roasters in Malaysia.