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PETALING JAYA: Data from the Statistics Department shows that Malaysia’s trade deficit in services narrowed in 2019 as exports hit an all-time high of RM169.8bil, a 4% increase from the previous year due to a higher demand in the travel, air transport and professional services.
AS expected, quarter one (Q1) results season was as disappointing as trying to catch a sunset on a cloudy day.
KUALA LUMPUR: Data from the Statistics Department shows that Malaysia's trade deficit in services narrowed in 2019 as exports hit an all-time high of RM169.8 bil, a 4% increase from the previous year due to a higher demand in the travel, air transport and professional services.
PETALING JAYA: The run-up in gaming share prices could have been premature, as there are expectations of a weak quarter ahead, said Kenanga Research in its latest update on Berjaya Sports Toto Bhd (BToto) following its earnings release.
KUALA LUMPUR: The run-up in gaming stocks share prices yesterday could have been premature as there are expectations of a weak quarter ahead, said Kenanga research in its latest update on Berjaya Sports Toto Bhd following its earnings release.
PETALING JAYA: The bulk of the corporate earnings reported for the first quarter of this year do not look favourable to-date and this effect is expected to be extended, said analysts.
HONG KONG: Gambling revenue in Macau slid 93.2% in May year-on-year as authorities imposed restrictions in the world's biggest casino hub to contain the spread of the coronavirus.
Most valuable gaming company in the region is under pressure as business is down at a time when it has a US$4.3bil (RM18.5bil) project in Las Vegas to complete.
The reopening of casinos does not necessarily mean that the crowds would flock to the gaming and entertainment centres, as seen in the Macau example. The borders have to open as well.
KUALA LUMPUR: S&P Global Ratings has lowered its long-term issuer credit rating on Genting Bhd from 'BBB+' to 'BBB' and its key US subsidiary, Resorts World Las Vegas (RWLV) from 'BBB' to 'BBB-' on slow recovery prospects.