Genting upbeat on long-term business strategies | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

UALA LUMPUR, April 7 — Genting Bhd is maintaining a cautious stance on the group’s near-term prospects in the leisure and hospitality industry as the sector’s outlook stays highly uncertain, but the conglomerate remains upbeat on carrying its long-term business strategies. Chairman and chief...

Genting Bhd chairman and chief executive Tan Sri Lim Kok Thay said while the regional gaming market has continued to register nascent recovery, significant challenges would persist in the coming year given the negative impact of the pandemic on the sector.

“These unprecedented challenges will not deter us from carrying out the Group’s long-term business strategies that will also help to spur the local economies,” he said in the company’s 2020 Annual Report released today. “If the current Covid-19 situation prolongs, we will re-assess the scheduled timelines to meet the challenges ahead,” he said.

The company would also assess any good business opportunities that may arise from the new normal that could complement existing businesses or provide new growth for the group, he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines