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Malaysian gaming sector could see a turnaround

KUALA LUMPUR: Berjaya Sports Toto  (BST) and Magnum reported stable and growing gaming revenue with Q3 industry lotto revenue hitting a record high, according to Maybank Investment Bank Research.  The research firm has trimmed Magnum target price by 7% to RM2 for lower DPR of 60%, noting that it prefers BST over Magnum. “Since 2010, industry revenue […]

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Indonesia: Mystery over weak Indonesia spending

JAKARTA: Almost four million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation. Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers […]

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Asean urged to ease rules on workers

The World Bank is urging Asean member countries to ease labour restrictions so migrant workers can earn money overseas to boost welfare and deepen economic integration. Migration is growing at a faster rate in Asean than within any other region globally, according to one of the bank’s cartoon-filled reports released Monday entitled Migrating to Opportunity. Between 1995 […]

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