Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
there s no update on whether Genting has paid the usd600 mil to secure the New York Casino license? Genting yet to issue any MTN for this too. where are they gonna get the fund if not via MTN?
seem China is going to have another front of trade war with EU. should both sides escalate the trade war and tariffs, China glove players have no where else to sell their gloves soon if EU imposed steep tariffs on China products.
4. By 31st March 2026, Bintai and UIMB needs to finalize available charge rate. if this is not finalized and agreed upon, UIMB commits to pay all outstanding arrears to Bintai which should be around RM51 millions.
For those who have been harping on Bintai and its hibernation, few milestones to take note for the next 3 months:
1. Impairment reversal for TNB contracts should be booked in coming QR.
2. Next QR to be released in end Feb 2026 with expected profits due to reversal of impairment.
3. With the QR profit, Bintai can apply for upliftment of PN 17 in March 2026 and Bursa probably would provide its approval within 1.5 month.