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Genting boss tells shareholders he's taking a pay cut

KUALA LUMPUR: Genting Malaysia Bhd chairman and chief executive Tan Sri Lim Kok Thay, the highest paid CEO in the country, is taking a 20% pay cut, according to a report by China Press.

Business Premium

Genting hopes for equanimity

THE Genting group of companies has been grabbing the headlines since end-2018. The recent development involves the purchase of the controversial “Equanimity” superyacht by Genting Malaysia Bhd. The firm has proposed to buy the superyacht, which was formerly owned by fugitive businessman Jho Low, at a price tag of US$126mil (RM515mil).


Disney dispute comes when sentiments on Genting Malaysia are already bad

PETALING JAYA: What stands between Genting Malaysia Bhd and a fox? A mouse.


Genting Malaysia, Genting rebound from share selldown

KUALA LUMPUR: Shares of Genting Malaysia Bhd and Genting Bhd rebounded in early trade Wednesday from a heavy selldown yesterday, following news that Twenty-First Century Fox Inc was pulling out of the contract for the construction of the Fox theme park in Genting Highlands.


Analysts: Higher casino duties a negative surprise

PETALING JAYA: Several analysts have cut their earnings forecast on Genting Bhd and Genting Malaysia Bhd following the government’s decision to increase casino tax.

Corporate News

Genting Malaysia issues RM2.6b debt notes

KUALA LUMPUR: Genting Malaysia Bhd has issued RM2.6bil in debt notes to finance the group's the property projects and resorts including those located in Genting Highlands.


Trading ideas: Genting, Genting Malaysia, SunCon, Tropicana

KUALA LUMPUR: JF Apex Research expects Genting Bhd, Genting Malaysia Bhd, Sunway Construction Group Bhd and Tropicana Corp Bhd to be among the stocks to watch on Wednesday.


Genting group, Telekom, PetChem prop up KLCI

KUALA LUMPUR: Blue chips closed higher for the second day on Wednesday, underpinned by gains in Genting Malaysia Bhd, Genting Bhd, Telekom Malaysia Bhd and Petronas Chemicals Bhd as investor optimisim rode on the rebound in crude oil prices


Genting making inroads into overseas markets

YOU cannot accuse Genting Malaysia Bhd of allowing its cash pile to remain idle. Not when it is busy ploughing funds into its global expansion programme.


Genting Hong Kong secures US$900m term loans

MANILA: Genting Malaysia Bhd's 18.4%-owned Genting Hong Kong Ltd, which operates the Star Cruises, has inked two term loans worth a combined US$900mil with a cast of international and Malaysian banks to refinance its debts.