<div class=newsTextDataWrapInner>SINGAPORE (May 12): Continuing to benefit from the ongoing recovery of regional travel and gaming demand, Genting Singapore reported a net profit of S$129.2 million (RM433.79 million) for the first financial quarter ended March 31, 2023 (1QFY2023), over threefold&nbsp;the S$40.4 million net profit recorded for the corresponding period last year.</div>

<div class=newsTextDataWrapInner>For 1QFY2023, the group reported S$484.5 million in revenue, a 54% improvement from 1QFY2022.</div>

<div class=newsTextDataWrapInner>For the period, this comprised primarily of S$340.0 million in gaming revenue, up 45% year-on-year, and S$144.4 million in non-gaming revenue, which was an 89% improvement<a href="https://www.theedgesingapore.com/capital/results/genting-singapore-triples-earnings-1292-mil-1qfy2023" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Continuing to benefit from the ongoing recovery of regional travel and gaming demand, Genting Singapore reported a net profit of S$129.2 million (RM433.79 million) for the first financial quarter ended March 31, 2023 (1QFY2023), over threefold the S$40.4 million net profit recorded for the corresponding period last year.

Genting Singapore triples 1Q earnings to S$129.2m

BENGALURU (Nov 20): Copper extended gains to a fourth session on Wednesday as the US dollar weakened, while London aluminium held firm after China decided to remove export tax rebates.

Copper extends gains as US dollar weakens

KUALA LUMPUR (Nov 20): The criminal charge against the late former finance minister Tun Daim Zainuddin for failure to declare his assets has been dropped following his demise.

Prosecution drops criminal charge against Daim, court grants posthumous acquittal

SEOUL (Nov 20): South Korea should continue to normalise monetary policy to provide support for shoring up economic activity, even as headline inflation is easing, the International Monetary Fund (IMF) said on Wednesday.

South Korea should normalise monetary policy, IMF says

Chinese banks held their benchmark lending rates following a major cut last month.

Chinese banks hold lending rates steady after big cut last month

Australia said it was concerned that one in ten cyber security incidents last year involved critical infrastructure, with state-sponsored actors targeting the country's government, infrastructure and businesses using evolving tradecraft.

Australia's critical infrastructure faces cyber threats, report says

SATARA/MUMBAI/NEW DELHI, India (Nov 20): Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion exports, but that may not prove enough for him to sway an election on Wednesday in a key state.

Modi’s inflation-blowing farm pivot may not be enough to win key Indian state

Brunei LNG said on Wednesday it was managing an "operational upset" at its facility in coastal Belait District, adding it was working towards a full recovery.

Brunei LNG sees 'operational upset' at plant, working towards recovery

Japan's exports expanded faster than expected in October led by a pick-up in chip equipment demand in China, though fears persist over potential US protectionist trade policies that could hamper future shipments.

Japan exports rebound on China chip-making demand; Trump tariff risks loom

Bitcoin rose to a record high above US$94,000 (RM419,898)  as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration.

Bitcoin breaches US$94,000 for the first time

KUALA LUMPUR (Nov 20): Issues regarding the new education syllabus and the latest status of the next-generation identification card are among highlights of Wednesday’s Dewan Rakyat session.

New syllabus, next-gen identity card among highlights of Dewan Rakyat sitting on Wednesday

A brief recap of some corporate announcements that made the news on Tuesday.

Hibiscus Petroleum, Dutch Lady, Dialog, Malayan Flour Mills, Cape EMS, Star Media, Teladan, SAM Engineering, APM Automotive, Comfort Gloves, Hextar Global, IFCA MSC, TCS Group, Binastra, Handal Energy

KUALA LUMPUR (Nov 20): The criminal charge against the late former finance minister Tun Daim Zainuddin for failure to declare his assets has been dropped following his demise.

Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.78% stake to non-independent director Lye Jun Fei.

Bright Packaging sees emergence of new largest shareholder after Ricky Wong 17.8% stake sale

Asian shares were cautious on Wednesday as investors looked ahead to earnings results from AI darling Nvidia where the risk of disappointment is high, while the dollar gave back a little of its recent bumper gains.

Asian shares cautious before Nvidia result, dollar gives back gains 

KUALA LUMPUR (Nov 20): The government has no objection to adopting technology from any country for the rollout of the second 5G network, provided it complies with technical and security standards, said Communications Minister Fahmi Fadzil.

This includes adherence to the Communications a...

Govt open to technology from any country for second 5G network rollout — Fahmi

KUALA LUMPUR (Nov 20): Shares of Cape EMS Bhd (KL:CEB) fell on Wednesday morning in highly active trade, after the electronic manufacturing services firm reported its first quarterly loss since its listing.

Cape EMS down in highly-active trade after first quarterly loss since listing

Wall Street's main indexes fell on Tuesday, as escalating tensions between Russia and Ukraine dented risk appetite globally and sent investors rushing for safe-haven assets.

Wall Street falls as mounting Russia-Ukraine tensions cause jitters

KUALA LUMPUR (Nov 20): Shares of Malayan Flour Mills Bhd (MFM)(KL:MFLOUR) sank on Wednesday morning to their lowest in 10 months, after the company reported a nearly-70% drop in net profit in its third quarter.

Malayan Flour Mills shares sink to January-low after sharp 3Q profit drop

While Malaysia is consolidating returns on previous infrastructure investments, leveraging its established expertise in electronics, semiconductors and data centres, political shifts and the gradual outflow of talent could impact future economic progress, according to the 9th edition of e-Conomy SEA by Google, Temasek and Bain &amp; Co.

A survey of Malaysia’s digital economy

China’s Luckin Coffee Inc agreed to buy an equivalent of four million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signalling continued demand from one of the fastest growing markets.

Luckin Coffee deal for Brazil beans ensures steady China demand

Stocks rebounded in a volatile session marked by geopolitical headlines, with Nvidia Corp climbing ahead of its results. Bitcoin extended its post-election rally.

US stocks shake off war angst before Nvidia’s results

President-elect Donald Trump's incoming administration plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivise a shift toward electric vehicles, according to two sources in contact with Trump's transition team.

Trump administration plans to roll back Biden's stricter fuel-efficiency standards

There are only three official entry points along the Malaysia-Thailand border in Kelantan — the Immigration, Customs, Quarantine and Security (ICQS) Complexs in Rantau Panjang, Bukit Bunga and Pengkalan Kubor — Home Minister Datuk Seri Saifuddin Nasution Ismail said.

Only three official entry points along Kelantan-Thailand border, says Saifuddin Nasution

Mieco Chipboard Bhd (KL:MIECO) has returned to the black with a net profit of RM1.67 million in its third quarter ended Sept 30, 2024 (3QFY2024), from a net loss of RM45.89 million in 3QFY2023, on increased sales and improvement in production efficiency. &nbsp;

Mieco returns to black in 3Q on better sales, efficiency

KUALA LUMPUR (Nov 20): TA Securities downgraded its call on Star Media Group Bhd (KL:STAR) to “sell” from “hold”, after the media group’s latest third quarterly results missed expectations.

TA Securities downgrades Star Media after results miss expectations

A record-breaking crypto rally born in the US is leaving its mark on Asia, including a jump in the value of bitcoin held by Bhutan to more than US$1 billion (RM4.47 billion) and a surge in digital-asset trading volumes in South Korea.

Asian crypto hotspots gain from US$800b rally led by US

European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.

European nations denounce Russian hybrid attacks, cable cut probes launched

China’s Contemporary Amperex Technology Co Ltd (CATL) is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

China’s CATL in early talks on EV battery recycling in Europe

liminating the US electric vehicle tax credit would dent future EV demand — perhaps by more than a fourth — while providing a trivial boost to gasoline consumption, economists estimate.

US electric vehicle demand seen plunging 27% without tax credit

KUALA LUMPUR (Nov 19): The government has agreed in principle to allow petrol station operators to employ foreign workers for cleaning and maintenance work in cafés and convenience shops&nbsp;at petrol stations.