News by Chester Tay

Genting, GENM shares fall over news that Wynn Resorts is suing Resorts World over similar design

The plan may involve privatising 7-Eleven Malaysia Holdings and Berjaya Land.

At the hearing today, deputy public prosecutor Shukor Abu Bakar told the Sessions Court that there was a misunderstanding in obtaining court's Order To Produce (OTP) for Ng's first appearance here.

Singapore Minister for Transport Khaw Boon Wan alleged that Malaysia has “unilaterally and arbitrarily” extended Johor Bahru Port Limits.

“It is clear that Mr Low cannot get a fair trial in Malaysia, where the regime has proven numerous times that they have no interest in the rule of law,” the statement said.

Airline’s approval to resume flights in and out of Singapore now lies with CAAM — CEO

Eupe said the acquisition will add on to its land bank within the Klang Valley region and the intended development on these lands will provide an opportunity for the group to expand and complement its existing business in developing residential and commercial properties here.

Quarterly revenue fell 34.9% to RM67.09 million in 1QFY19 from RM102.99 million a year ago, mainly due to the H2O project nearing completion, lower recognition on new projects namely 3rdNvenue — New Suites, Park Residency and Riveria — Phase 1 as these projects are still at early stage of construction.

Having released the quarterly losses, GENM cautioned that the revision in casino duties and license fee would impact its earnings next year.

"Barring any unforeseen circumstances, the board of directors is confident that the group’s performance would remain satisfactory for FY19."