This is evident in gaming and theme park conglomerate, Genting Bhd (GENT), which owns Genting Hong Kong (GENHK) and Genting Singapore (GENS). On a group level, GENT had to reduce salaries and cut thousands of jobs just to stay afloat.
THE EDGE SINGAPORE - Although the situation surrounding the Covid-19 pandemic might have improved in several countries, but things are not completely back to normal yet.
For one, cross-border travels are still prohibited or very tightly managed, such that leisure travels are still not allowed. And with the lack of tourists, tourism-related businesses everywhere are suffering.
