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KUALA LUMPUR: Moody's Investors Service expects the increase in capital spending at Genting Bhd's key subsidiaries -- Genting Malaysia and Genting Singapore, can be met by their existing cash and operating cash flows.
SEREMBAN: The sale of luxury yacht Equanimity is proof that the 1Malaysia Development Berhad (1MDB) scandal was real and not made up as claimed by the previous administration, says Finance Minister Lim Guan Eng.
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).
PETALING JAYA: More than RM4bil was wiped off the cumulative market value of the Genting group of companies’ three listed stocks in Malaysia and Singapore in a trading day as investors reacted negatively to the latest corporate developments related to the companies.
KUALA LUMPUR: The government did not rule out the possibility of selling more assets including land to keep the national debt at a manageable level, said Prime Minister Tun Dr Mahathir Mohamad.
KUALA LUMPUR: The government is not ruling out the possibility of selling more assets – including land – to keep national debt at a manageable level, says Tun Dr Mahathir Mohamad.
KUALA LUMPUR: Genting Bhd and Genting Malaysia Bhd shares fell in active trading on Thursday following their latest corporate news.
KUALA LUMPUR: Genting Malaysia Bhd's acquisition of the Equanimity superyacht for US$126mil (RM514.6mil) could improve the branding and VIP gaming volume of the gaming and leisure company.
PETALING JAYA: The successor to outgoing Inspector-General of Police Tan Sri Mohamad Fuzi Harun will conduct the investigation into allegations that the Special Branch was behind the disappearance of a pastor and a social activist, says the Prime Minister.
PETALING JAYA: Prime Minister Tun Dr Mahathir Mahathir has challenged fugitive businessman Low Taek Jho to repeat his allegations in Malaysia that the Prime Minister had lowered the value of the superyacht Equanimity through his actions.