S&P Global downgrades Genting Bhd's credit rating

KUALA LUMPUR (Dec 4): S&P Global Ratings has today downgraded its long-term issuer credit rating on Genting Bhd to 'BBB+' from 'A-' in anticipation that the hotel and casino operator's leverage will increase, amid an expected weakening in cash flow adequacy over the next 12 to 18 months, given the company's aggressive expansion plans.

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20 years and still no titles

SEPANG (Dec 4): After two long decades, owners in Cluster 8, Taman Putra Perdana, Sepang are beginning to lose their patience over the non-issuance of individual titles for their properties.

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Khalid: Lifts in public housing safe

PETALING JAYA (Dec 4): Federal Territories Minister Khalid Abdul Samad said all 528 lifts at public housing projects under the maintenance of Kuala Lumpur City Hall (DBKL) have valid permits issued by the Occupational Safety and Health Department (DOSH) to operate, the Star reported today.

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Ibraco declares 1 sen dividend

KUALA LUMPUR (Dec 4): Ibraco Bhd has declared an interim single dividend of 1 sen per share in respect of the financial year ending Dec 31, 2019 (FY19), payable on Dec 30, 2019.

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Najib: Nik Faisal toyed with me and SRC board

KUALA LUMPUR (Dec 4): Former Prime Minister Datuk Seri Najib Abdul Razak said Nik Faisal Ariff Kamil, the former managing director and chief executive officer (CEO) of SRC International Sdn Bhd, had toyed with him and the company's board of directors.

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