<div class=newsTextDataWrapInner>SINGAPORE (Nov 10): Genting Singapore has reported net profit after taxation of S$216.3 million (RM745.82 million) for the third quarter ended Sept 30, 2023 (3QFY2023), up 59% year-on-year (y-o-y), compared with&nbsp;S$135.8 million for the same period last year.</div>

<div class=newsTextDataWrapInner>The company posted revenue of S$689.9 million for the quarter, up 33% y-o-y.</div>

<div class=newsTextDataWrapInner>Gaming revenue accounted for S$459.6 million, versus S$382.0 million for 3QFY2022<a href="https://www.theedgesingapore.com/capital/results/genting-singapore-npat-59-y-o-y-2163-million-3qfy2023" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Read also: 
<a href="https://theedgemalaysia.com/node/689948" target="_blank">Genting Singapore soars most in three years on earnings beat</a></div>

Genting Singapore has reported net profit after taxation of S$216.3 million (RM745.82 million) for the third quarter ended Sept 30, 2023 (3QFY2023), up 59% year-on-year (y-o-y), compared with S$135.8 million for the same period last year.

Genting Singapore's 3Q net profit after taxation up 59% to S$216.3m

Southeast Asia's top-performing stock market in 2024 is likely to continue its momentum into next year as Singapore unveils measures to revive its stock market, according to analysts at Morgan Stanley.

Singapore stocks to benefit from MAS reforms next year, Morgan Stanley says

BENGALURU (Nov 19): Copper prices drifted higher on Tuesday, as the dollar rally took a breather, although concerns over China demand and potential US tariffs continued to weigh on the market.

Copper inches higher as dollar rally pauses; China demand woes weigh

CelcomDigi Bhd’s (KL:CDB) short-term outlook may be subdued following an underwhelming third-quarter, though analysts are cautiously betting that earnings will accelerate in 2025.

CelcomDigi's short-term outlook tepid after underwhelming 3Q as analysts bet on 2025

BENGALURU (Nov 19): Gold prices climbed to a one-week high on Tuesday, buoyed by a softer US dollar, while the market awaited comments from Federal Reserve officials for cues on the US interest rate outlook.

Gold hits one-week high on softer dollar; markets await Fed cues

HONG KONG (Nov 19): China’s Vice Premier He Lifeng said on Tuesday that Beijing will support more “quality enterprises” from China to list and issue bonds in Hong Kong.

Beijing to support more Chinese listings, bond issues in Hong Kong, says vice premier He

MELBOURNE/WINNIPEG (Nov 19): The leader of the Moscow-backed breakaway Georgian region of Abkhazia resigned on Tuesday, after a deal allowing for the expansion of Russian business in the republic led to mass protests and the opposition seizing government buildings.

Leader of Russian-backed breakaway Georgian region of Abkhazia resigns

WeWork Inc is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets.

WeWork gives up Singapore locations in sign of co-working woes

The Malaysian automotive sector could see sustained growth in 4Q2024 on high order backlogs and promotional activities, analysts said after a month-on-month (m-o-m) rebound in October sales.

Backlog to support 4Q auto sales, say analysts after October m-o-m rebound

Like many Malaysians, I am an admirer of Tun Abdul Razak Hussein, Malaysia’s second prime minister. His boldness and vision as a leader were matched only by his integrity, work ethic and modesty. I very much welcome, therefore, the approach adopted by the book Tun Abdul Razak: Imagining Malaysia’...

My Say: Razak’s life work shows the importance of having vision

Hong Kong's High Court on Tuesday sentenced 45 pro-democracy activists to jail terms of up to 10 years in a landmark national security trial that has damaged the city's once feisty democracy movement and drawn international condemnation.

Hong Kong jails 45 democracy activists in landmark national security trial

An estimated 620,000 jobs across 10 key sectors of the Malaysian economy are at risk of convergence of displacement if they do not reskill or pivot to an adjacent role, based on a study on the impact of artificial intelligence (AI), digital technology, and the green economy on the Malaysian workforce.

620,000 Malaysian jobs across 10 sectors at high risk of displacement by advancement of AI, digital tech and green economy, says TalentCorp study

Apple Inc has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16.

Apple offers US$100m to undo Indonesia iPhone 16 ban

SINGAPORE (Nov 18): Genting Singapore’s licence to operate a casino here has been renewed for two years with effect from next February.

Genting Singapore receives two-year extension of its casino licence

(Nov 19):&nbsp;Marina Bay Sands is seeking a loan of around S$12 billion (US$9 billion, or RM40.24 billion), in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state.&nbsp;

Marina Bay Sands eyes Singapore’s largest loan of US$9b — Bloomberg

Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported on Monday, citing two people with knowledge of the talks.

Trump's social media group in talks to buy Bakkt — FT

Asian stocks rose on Tuesday while US bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing.

Asian stocks rise, dollar weak as US yields tick down

US&nbsp;President Joe Biden pledged a US$4 billion (RM17.8 billion) US contribution to the World Bank's International Development Association fund for the world's poorest countries, a senior Biden administration official said on Monday.

Biden pledges record US$4b to World Bank fund for poorest countries

The veto power held by the P5 (Permanent Five) countries in the United Nations Security Council (UNSC) should be more inclusive, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: UN Security Council’s veto power ‘grossly unfair’, should be more inclusive

Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the world’s biggest tech companies.

DOJ will push Google to sell Chrome to break search monopoly 

An undersea data cable connecting Finland and Germany was severed in the early hours of Monday by what was likely an external impact, authorities in the Nordic country said.

The 1,200km (750-mile) high-speed fibre optic Helsinki-Rostock link serving data centres is damaged in the Baltic Sea east of southern Sweden, and there’s a high likelihood that it’s completely cut as all of its fibre connections are down, executives of its owner and operator Cinia Oy said at a news conference.

Finland says subsea Germany link serving data centres is cut

Stocks climbed as treasuries halted a selloff that drove 10-year yields near 4.5%, with traders keeping a close eye on news around President-elect Donald Trump’s administration.

Nasdaq 100 halts five-day slide as US treasuries gain

Global watchdogs will move to rein in leverage at non-banks early next year, the Financial Stability Board promised on Monday, more than a year after its chair signaled a probe into mounting borrowings at hedge funds, private capital markets and others.

Shadow banks to face reins on leverage following watchdog probe

Malaysia’s poultry players may see an expansion in their profit margins thanks to declining feed expenses and other input costs that will help soften the blow from the ringgit's depreciation, an analyst said.

Poultry sector may see profit margins expand on lower feed costs — MIDF

KUALA LUMPUR (Nov 19): The issue of tertiary-educated workers in Malaysia working in low-skilled jobs, the controversy surrounding the National Farmers Organisation (Nafas) and congestion at Bangunan Sultan Iskandar (BSI), Johor and the Kuala Lumpur International Airport (KLIA) will be the focus of Tuesday’s Dewan Rakyat sitting.

Congestion at Bangunan Sultan Iskandar and KLIA, farmer’s organisation controversy to be focus of Tuesday’s Dewan Rakyat sitting

Exchange-traded funds that buy Chinese stocks continue to see outflows amid rising concerns over the nation’s growth outlook and the risk of new tariffs under a Donald Trump administration.

China ETF outflows increase as traders flee on Trump tariff risk

The value of a downtown Los Angeles tower owned by an affiliate of Brookfield Asset Management Ltd. was slashed 69%, the latest sign of troubles for offices in US central business districts.

Brookfield’s BofA Tower in LA sees 69% decline in appraised value

Prime Minister Datuk Seri Anwar Ibrahim held a meeting with the President of France, Emmanuel Macron, on the sidelines of the G20 Summit in Rio de Janeiro, Brazil.

Anwar, Macron discuss trade, AI collaboration at G20 summit 

Boeing will lay off more than 2,500 workers in the US states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union official, as part of the debt-heavy US planemaker's plan to cut 17,000 jobs, or 10% of its global workforce.

Boeing to lay off over 2,500 workers in US as part of sweeping cuts

US consumers had a tougher time accessing credit this year, with applications for auto loans and mortgage refinancing being turned down at the highest rates in more than a decade.