Genting Malaysia still in talks with US tribe to recover RM1.77b notes
KUALA LUMPUR (Sept 14): Genting Malaysia Bhd (GENM), which had subscribed to promissory notes issued by the Mashpee Wampanoag Tribe in the US in 2016 for an integrated gaming resort development in the US, said it is still deliberating the appropriate course of action for its investment in the promissory notes, as well as its recoverability.
"This includes a legislation being introduced in the US Congress which, if passed, will entail the US US Department of Interior (DoI) to reaffirm the land in trust for the benefit of the tribe," GENM said in a filing with Bursa Malaysia today.
(Sept 21): Cryptocurrencies surged on Friday as optimism surrounding Ripple Labs Inc’s plans for using a digital coin spread, lifting peers that have lost more than US$600 billion of value since January.
XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22%, taking its one-week increase to more than 75%. The Bloomberg Galaxy Crypto Index jumped 8.7%, heading for its biggest one-day gain since mid-July.
KUALA LUMPUR: Proton has boosted its export activities during a flag-off ceremony at its plant in Tanjung Malim, with a total of 225 Proton cars to set sail from Northport, Klang, to Alexandria port in Cairo.