News about Malaysia

KUALA LUMPUR (June 18): Genting Malaysia Bhd's (GENM) hilltop casino will resume operations this Friday (June 19) after being shut for three months since March 18 due to the Movement Control Order (MCO).

KUALA LUMPUR (June 17): There are no compensation costs involved in the latest deferment of the multi-billion ringgit highspeed rail (HSR) project agreed upon by Malaysia and Singapore on May 31, said Senior Minister for Economy Datuk Seri Azmin Ali.

KUALA LUMPUR (June 17): Casino-to-hospitality company Genting Malaysia Bhd is cutting 3,000 jobs, according to people familiar with the matter in a Bloomberg report today.

KUALA LUMPUR (June 17): Number forecast operators (NFOs) will resume operations today after shutting their doors for more than three months since the Movement Control Order (MCO) was implemented on March 18.

KUALA LUMPUR (June 16): Malaysia reported its highest single-day jump in Covid-19 recoveries to 333 cases today, far outpacing the 11 new infections reported, lowering the number of active cases in the country to 651.

KUALA LUMPUR (June 16): Genting Malaysia Bhd announced today that the casino and hotel operator's Resorts World Kijal and Resorts World Langkawi will reopen on Thursday (June 18).

KUALA LUMPUR (June 13): Malaysia registered 43 new cases of Covid-19 infections today, of which 38 were local transmissions while five were imported cases.

KUALA LUMPUR (June 13): Come July, the management of AEON Co Ltd’s retail units in Malaysia — AEON Co (M) Bhd and AEON BiG (M) Sdn Bhd — will be restructured and consolidated into a single organisation as part of a 10-year strategy to create an agile, resilient and intrapreneurial retail organisation, The Edge reported today.

KUALA LUMPUR (June 13): A balancing act is what governments must do when they attempt to strike a balance between the social and economic impact that the foreign ownership of properties will have on their respective countries, The Edge reported today.

KUALA LUMPUR (June 12): Malaysian Resources Corp Bhd (MRCB) is raising up to RM5 billion from a sukuk issuance to “fund business growth and to meet future funding requirements”.