Kate bank do business, not CHARITY. Why need to gip muka to Genting HK & its parent company?

Gambling lah. Why? No dare?

funny question, bank give loan, what to do with gov?

Just ask the Bank CEO on their Facebook. How many public listed companies have unsecured loans with the bank? If they reply many, then it's fine.

Bank has their own risk appetite, maybe Genting boss agree to deposit few billions in those bank and secured loan to Genting Malaysia. U will never know what is the arrangement in the dark except for the top management.

inb4 give other bank also will do the same, 2x5

so it's ok for pnb / epf etc to do so

Numberman is trying to link GLC Bank with Genting, indirectly say government kasi loan to Genting and fishing for conservative malaysia votes in upcoming Johor PRN

In summary, PKR is getting more conservative rather than multiracial recently. Even the Timah issue also got one PKR MP echo the idea.

unsecured loan with personal director guarantee is it?

I think without Lim family guarantee because Genting HK is a listed entity at HKSE.

Normally Bank will incline to give out unsecured loan to listed company because of the strict rules and regulation, but for this case, Bank has been given the loan before covid, after covid with the cruise business, Bank confirm will not give loan punya.

So which are the best bank$ to keep our hard earned 250k pidm inn?

the only unsecured i can think of, that passes the credit committee .. should be revolving credit / standby facilities.

if that's tapped out d good luck je lah, time to join the big line of creditors getting haircut, tony style

Private company suka hati they all la.

EPF and PNB can always sell the shares if they don't think it's well run ma.

Anwar never ask why EPF bought into messiahword nbdre company Serba Dinamik and lost tons of money?

Well no choice, u have Genting group business on hand to juggle, takkan because of 200mil loan let go and miss out billions of deposit and secured loan from Genting Bhd and Genting Malaysia.

Bank has to consider at different aspect, maybe they can stomach the 200mil loan from the beginning.

All banks can tolerate a certain percentage of non performing loans. That's why banks must be allowed to make profits.

Don't every day go shout bank is tamak, untung berbillion ringgit. Then ask banks to do charity.

If banks were to stop giving out loans, our economy will collapse.

LKT haosiao go change the name of Star Cruises to Genting HK, thinking the name Genting more prestigious. This is coming back to bite him as politicians associate Genting = Gambling. In reality they are just Cruise ship operator like royal carribean and carnival.

Covid 19 is bad enough for cruise ships, more haosiao is LKT went on buying shipyard operator Werften Germany which eventually brought down the company cashflow.

This post has been edited by ikanbilis: Jan 27 2022, 05:38 PM

Eh2 nuar ni kang

I was in Resort World Las Vegas recently. They have a food court with Singapore food. Yes, Singapore food with brands from Singapore.

The way our politicians behave, sooner or later successful local companies will abandon the country.

Unsecure loans means higher interest rate la since default risk is higher and no collateral

The loan usd600m was given out in 2012. Of course a big portion plus interest has been paid over the 10 year period. Politicians saying these 3 banks lost the whole 600million dont know the whole truth just tembak only.

PKR is like evening party liao...