Malaysia Daily Media Highlights

Genting: Strong change to win Singapore Casino bid
Genting has a strong change to win the Singapore casino bid after the Harrah’s Entertainment Inc., the world’s biggest casino operator by revenue, dropped out of the running for the multi-billion dollar project on Friday, just days before the final bidding deadline on Tuesday. The firm, which had teamed up with Singapore developer Keppel Land to bid for a 30-year license to run a casino on the resort island of Sentosa, said it would not be able to meet its financial objectives if it went ahead with the project.

Bursa Malaysia sees muted start to short-selling
Malaysia's stock market is set for a cautious reintroduction of short-selling this month, with perhaps fewer than 50 stocks available to be short-sold, the exchange and sources familiar with the plan said on Friday. Bursa Malaysia says the procedures for the re-introduction of Securities Borrowing and Lending (SBL) are to ensure that the entire process takes off smoothly and it does not view its structure of SBL as a deterrent to market activity.

Global Upline: Secured RM450m projects
Global Upline Sdn Bhd, a second time winner of a European construction award has secured two infrastructure projects worth a total of RM450mil in Miri, Sarawak. The projects are the proposed RM350mil trunk road from Miri Airport to the Asean Bridge bordering Brunei and two proposed RM100mil flyover projects in Pujut and Puchong. “The proposed 32.5km trunk road was awarded by the Federal Government as a private funding initiative (PFI) more than a month ago”, said by Tan Sri Ting Pik Khiing who is the company adviser.