<div class=newsTextDataWrapInner>SINGAPORE (Aug 14): Genting Singapore has posted earnings of S$357 million (RM1.20 billion) for the first half ended June 30, 2024 (1HFY2024), up 29% from the same period last year.</div>

<div class=newsTextDataWrapInner>The company delivered 1HFY2024 revenue of S$1.35 billion, a 25% growth year-on-year (y-o-y). Adjusted earnings before interest, taxes, depreciation and amortisation improved 26% y-o-y to S$570.8 million.&nbsp;</div>

<div class=newsTextDataWrapInner>Gaming revenue grew by 28% y-o-y to S$957.6 million, while non-gaming revenue grew 19% y-o-y to S$333.2 million<a href="https://www.theedgesingapore.com/capital/results/genting-singapores-1hfy2024-earnings-29-y-o-y-357-mil" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Genting Singapore has posted earnings of S$357 million (RM billion) for the first half ended June 30, 2024 (1HFY2024), up 29% from the same period last year.

Genting Singapore’s 1H earnings up 29% to S$357m

The toll collection for Section 1 of the West Coast Expressway (WCE), which connects the Banting Interchange to the South Klang Valley Expressway (SKVE) Interchange, will commence next Monday (Sept 30), according to WCE Holdings Bhd (KL:WCEHB).

Toll collection on Section 1 of WCE to commence on Sept 30 after month-long toll-free operation

Helene roared through Florida and Georgia under darkness on Friday as one of the most powerful storms to hit the US, killing at least four people, swamping neighborhoods and leaving more than 3 million homes and businesses without power.

Helene, one of largest storms to hit the US, brings chaos to Florida and Georgia

A weekly round-up of tanker and dry bulk market (Sept 27, 2024)

Baltic Exchange shipping updates: Sept 27, 2024

Signature International Bhd (KL:SIGN) plans to transfer its ownership in the two subsidiaries it wants to spin off for a listing into a newly formed entity, Signature Alliance Group Bhd (SAG), and then offer 26% of SAG's enlarged share base to the public via an initial public offering.

Signature to transfer two subsidiaries into new entity ahead of ACE Market IPO

Frozen seafood supplier PT Resources Holdings Bhd’s (KL:PTRB) partnership with China’s Ocean Exchange (Fujian) Foreign Trade Services Co Ltd (Ocean Exchange) to develop the Malaysia East Coast International Supply Chain Intelligent Park in Kuantan, Pahang has fallen through.

PT Resources’s planned RM1 bil supply chain intelligent park in Kuantan called off

The ringgit is expected to continue strengthening, supported by the government's ongoing efforts to enhance economic activity and attract investments into the country.

Ringgit expected to remain strong, driven by economic growth, says Amir Hamzah

The European Union will take steps to exclude Chinese manufactured hydrogen electrolysers from an upcoming auction aimed at spurring the production of the fuel during the bloc’s green transition.

EU aims to block Chinese hydrogen tech in new auction rules

Barisan Nasional (BN) candidate Syed Hussien Syed Abdullah once again urged voters in the Mahkota state assembly by-election to return to vote on Saturday.

He emphasised that voter support needs to be reflected in the ballot box to enable building a better future for the people of Mahkota through the state government’s administration.

Syed Hussien urges Mahkota by-election voters to reflect support in ballot box

Assets held by exchange-traded funds in the US hit US$10 trillion (RM41.3 trillion) for the first time as the investor-friendly products continue their relentless takeover of Wall Street.

Wall Street’s ETF assets hit US$10 tril milestone

Oil and gas services provider Propel Global Bhd (KL:PGB) has proposed a private placement to raise up to RM8.25 million for business expansion and working capital for new projects.

Propel Global to raise up to RM8.25m via private placement, ups stake in EPCC subsidiary for RM6.19m

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

Sarawak will be taking control of a 31.25% stake in&nbsp;Affin Bank Bhd (KL:AFFIN), making it the largest shareholder of the bank.

Sarawak govt to raise stake in Affin Bank to 31.25% after inking deal with LTAT, Boustead

Gamuda Bhd (KL:GAMUDA) said on Friday it has secured a A$243 million (RM702 million) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.

Gamuda gets A$243 mil Australian wind farm construction contract

Prime Minister Datuk Seri Anwar Ibrahim said on Friday the federal government will discuss with Selangor to expedite the widening of roads in Port Klang.

Anwar: Govt to talk to Selangor MB on expediting road widening in Port Klang

Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by US$24 billion (RM98.92 billion). Then China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. And with that, the French tycoon’s wealth has been given new life.

LVMH's Arnault wins big on China stimulus with US$17b wealth surge in a day

HeiTech Padu Bhd (KL:HTPADU) is acquiring a 30% stake in a privately held company linked to Mirzan Mahathir for RM16.17 million.

HeiTech Padu buys 30% stake in Mirzan Mahathir-linked Souqa Fintech for RM16.17m

The rally in Gamuda Bhd's (KL:GAMUDA) shares may still have more legs from robust earnings, analysts said, even as the construction company’s latest quarter came in slightly below expectations.

Gamuda’s share rally may have more legs as analysts bet on contract flows

Petroliam Nasional Bhd's (Petronas) wholly owned unit, Petronas Abu Dhabi Sdn Bhd, has been granted a new oil and gas exploration concession in Onshore Block 2 by the Supreme Council for Financial and Economic Affairs (SCFEA).

Petronas secures third O&G concession in Abu Dhabi

The data centre market in Malaysia is growing rapidly and will continue to expand further as the current supply of data centres in the country is still insufficient to cater for the increasing demand, according to CBRE Group Inc.

Malaysian data centre market to further expand on demand surge — CBRE

For a second day in a row, former prime minister Datuk Seri Najib Razak could not verify that funds in his AmBank bank accounts were not monies misappropriated from SRC International Sdn Bhd (SRC) or Retirement Fund Incorporated (KWAP).

Najib still mum on documentary evidence of funds in accounts

Malaysia Airlines Bhd Engineering Services, or MABES, said on Friday it has partnered a US firm and a local company to boost its maintenance, repair and overhaul (MRO) capabilities.

MAB Engineering Services partners two firms to boost maintenance, repair and overhaul capabilities

ACE Market-bound KHPT Holdings Bhd (KL:KHB) announced that the 20.12 million shares made available to the Malaysian public in its initial public offering (IPO) have been oversubscribed by 124.13 times.

KHPT’s 20.12 mil IPO shares to public oversubscribed by 124 times

Food and supplement maker OB Holdings Bhd has begun accepting applications from investors for its initial public offering (IPO) to raise RM28.8 million on the ACE Market.

Supplement maker OB Holdings to raise RM28.8m from ACE Market IPO

Malaysia's central bank said on Friday it plans to fully transition to a new interbank rate used to price new financial contracts within three years.

BNM to fully transition to new interbank rate within three years, seeks feedback

Japan's incoming prime minister Shigeru Ishiba stressed the need for the country's economy to "fully emerge from deflation" and vowed to take steps to boost wages, in a sign his near-term focus would be to keep activity on a sustained recovery track.

Japan's incoming PM Ishiba signals focus on boosting wages, consumption

The Court of Appeal on Friday unanimously upheld the Penang High Court’s decision late last year that ruled that the state legislative assembly's decision for two former assemblymen, Zulkifli Ibrahim (Sungai Acheh) and Dr Afif Bahardin (Seberang Jaya), to vacate their seats just before the state elections, was valid.

Removal of two former Penang assemblymen by state assembly upheld by COA

China cut the amount of cash banks must keep in reserve on Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.

China cuts key rate, frees up cash for banks to spur growth

Some Chinese property developers are betting the country’s home-price slump will soon end, following the announcement of long-awaited stimulus measures.&nbsp;

Chinese developers offer deals betting home prices will hit bottom

Singapore-based Equalbase Development Pte Ltd, which specialises in the development and management of industrial assets, held the groundbreaking ceremony of Valdor II, a RM220 million multi-storey warehouse in Penang, on Thursday (Sept 26).

Singapore-based Equalbase breaks ground for RM220 mil warehouse in Penang, secures logistics company DSV as anchor tenant

Billionaire investor David Tepper is buying more of “everything” related to China after Beijing rolled out sweeping stimulus measures that exceeded expectations.

Tepper, who founded Appaloosa Management in 1993, attributed his big bet on Chinese assets to the shift introduced by the top leaders in Beijing this week. “I thought that what the US Federal Reserve (Fed)&nbsp;did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like they did,” he said in a CNBC interview on Thursday.