Genting sued Disney and Fox over a theme park it planned to add to its existing offering at Resorts World Genting. An increased tax rate for the provision of gambling services in Malaysia as well as two expensive lawsuits hit the company’s stock price significantly. The company has had a bit of a shaky performance on the market over the past year.

The gaming facility is part of the larger Resorts World Genting integrated resort, located on the peak of Mount Ulu Kali just outside the country’s capital, Kuala Lumpur. Genting is the operator of Malaysia’s only legal land-based casino. Mahathir went on to say that they did not want a “ thoroughly unequal society where capital owners take too much a chunk of national income, leaving the workers or low-income households with scraps.” In a keynote address at this year’s InvestMalaysia, Dr. Malaysia Prime Minister Tun Mahathir bin Mohamad addressed the issue back in March, saying that it was not fair that top management’s remuneration has kept rising, while workers’ wages have remained stagnant or have increased only marginally.

According to a study by the Khazanah Research Institute, the earnings gap between the country’s richest and the rest of its population has nearly doubled in recent years.

The CG Monitor 2019 report is likely to rekindle the income disparity debate in Malaysia. The overall market capitalization of those 100 companies amounted to MYR1.44 trillion and represented around 80% of Malaysia’s entire equity market capitalization, according to the CG Monitor 2019 report.Ī CEO’s total remuneration includes salary, bonus, benefits, and other emoluments an executive receives over the course of a year. The ranking was based on the market capitalization of the companies at December 31, 2018.

The CG Monitor 2019 took into consideration the remuneration packages of Chief Executives of the top 100 companies listed on the Main Market of Bursa Malaysia. Lim received remuneration of MYR168 million for serving as CEO of Genting Bhd and of MYR80.61 million for his role as CEO of Genting Malaysia Bhd, according to the Corporate Government Monitor 2019 published by the Securities Commission earlier this week. Last year, Tan Sri Lim Kok Thay earned nearly MYR250 million (approximately $60.2 million) from two listed companies owned by Genting Group. The CEO of gaming and hospitality powerhouse Genting Group has emerged as Malaysia’s highest paid executive of 2018, according to a recently released report by the Malaysian Securities Commission

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