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This will be backed by acceleration of vaccination scheme
The rating on Genting Bhd Genting; BBB/Negative/--) will come under further pressure if the lockdown in Malaysia and capacity restrictions in Singapore are extended, says S&P Global Ratings says.
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.
THE worsening Covid-19 pandemic in the country is taking a toll on the ringgit, as the government tightens movement restrictions to curb the spread of the highly-infectious virus.
PETALING JAYA: Genting Malaysia Bhd’s net quarterly loss has widened by 15.7% year-on-year (y-o-y) to RM483.59mil.
KUALA LUMPUR: Genting Bhd fell deeper into the red in first quarter due to the adverse impact of the Covid-19 pandemic on the group's leisure and hospitality operations.
KUALA LUMPUR: Genting Malaysia Bhd has suspended its casino business at Resorts World Genting (RWG) starting today (May 24) until further notice.
PETALING JAYA: Bursa Malaysia maintains its bearish tone as the third nationwide movement control order (MCO 3.0) which starts today weighs on sentiments