Genting Bhd said its 95%-owned unit Genting Oil & Gas Ltd (GOGL) has received approval from an Indonesian regulator for a revision to the first phase plan of development for the Asap, Merah and Kido structures (POD 1) in West Papua, Indonesia. These structures are within the concession area for the Kasuri Block, which was awarded to GOGL's wholly-owned unit Genting Oil Kasuri Pte Ltd (GOKPL) following a production-sharing contract (PSC) signed in May 2008.
KUALA LUMPUR: Genting Oil and Gas Ltd (GOGL) has received a letter from Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) concerning the approval from the Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) for revision to the first phase development plan (POD 1) for the Kasuri Block in West Papua.
Local gaming titan Genting Bhd’s rating of Baa2 has been affirmed by Moody’s Investors Service, which has also posted the same rating for Genting’s associate company Genting Overseas Holdings Ltd.
Casinos in Malaysia and Singapore are expected to enjoy a buoyant 2023, with the return of China tourists, following the full borders reopening of the world’s second-largest economy.
Resorts World Cruises Pte Ltd is restarting cruises in Hong Kong from March 10 onwards, offering two and three nights of high-seas cruises with its Resorts World One, formerly known as Explorer Dream. “We are pleased that Resorts World Cruises will have the first cruise ship to homeport in Hong Kong after the resumption of normal travel with the Mainland and overseas,” said the company’s chairman Tan Sri Lim Kok Thay in a statement on Friday (Jan 13).