IN Thailand, legalising gambling has long been opposed by the majority of the population who consider gambling against the values of Buddhism, which plays a significant role in its culture and society. Currently, apart from horse betting and the government-sponsored Thai lottery, all other types of gambling are prohibited. However, the winds of change may be coming with a proposal to legalise gambling discussed in parliament in June. This comes shortly after the government decriminalised cannabis in the same month.
Maybank Investment Bank on Friday cut Genting Malaysia Bhd's earnings per share for the financial year ending Dec 31, 2022 by 40% as the Omicron wave which began in Malaysia in February slows Resorts World Genting's recovery.
The research house’s analyst Yin Shao Yang said in a note that he raised Astro earnings for the financial year ended Jan 31, 2022 (FY22) by 16% to account for higher adex (TV and radio) and lower tax rate.
KUALA LUMPUR (Jan 17): Maybank Investment Bank Bhd (Maybank IB) said on Monday (Jan 17) that AirAsia Group Bhd’s fundamentals have improved despite the budget airline’s Practice Note 17 (PN17) status under Bursa Malaysia listing rules. Maybank IB said it took into account the fact that AirAsia Group’s Malaysia, Thailand, Indonesia, and Philippines operating units have been flying between 25% and 50% of their respective operating units’ aircraft at a time when the global aviation sector continues grapple with the impact of Covid-19-pandemic-driven movement restrictions.