{"id":777024708,"date":"2025-04-01T09:22:51","date_gmt":"2025-04-01T12:22:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024708"},"modified":"2026-04-22T00:16:07","modified_gmt":"2026-04-22T03:16:07","slug":"genting-malaysia-names-wai-yee-loh-as-cfo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-names-wai-yee-loh-as-cfo","title":{"rendered":"Genting Malaysia names Wai Yee Loh as CFO"},"content":{"rendered":"\n

Former CFO Koh Poy Yong has retired.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0Genting Malaysia <\/strong>has announced the appointment of\u00a0Wai Yee Loh<\/strong> as its new chief financial officer (CFO), effective as of April 1. Her appointment follows the retirement of former CFO Koh Poy Yong<\/strong>.<\/p>\n\n\n\n

Yee Loh joined Genting Malaysia in June 2023 as senior vice president – finance and was redesignated as the deputy chief financial officer (Resorts World Genting) on August 1, 2023. Before joining the company, she held senior leadership positions<\/strong> with Tenaga Nasional Berhad, Destination Resort and Hotel Sdn Bhd, and Penerbangan Malaysia Berhad.<\/p>\n\n\n\n

She also spent several years in the Investment Division of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Before entering the commercial sector, Yee Loh trained as a chartered accountant<\/strong> in a public accounting firm in London before returning to PricewaterhouseCoopers, Kuala Lumpur, as an audit senior and rose to the rank of senior manager.<\/p>\n\n\n\n

Genting Malaysia reports net loss for Q4<\/h2>\n\n\n\n

Genting Malaysia’s fourth quarter revenue was flatish at RM2.68m (US$604.3m) while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was RM180.6m (US$41m), down 78.6 per cent\u00a0year-on-year<\/a>\u00a0and 86.2 per cent\u00a0quarter-on-quarter<\/a>. The decline was mainly attributed to net unrealised foreign exchange translation losses on the group\u2019s USD-denominated borrowings.<\/p>\n\n\n\n

The company posted a loss before taxation (LBT) <\/strong>of RM368.2m and a net loss of RM485.6m. Excluding the effect of the unrealised foreign exchange translation, the group would have reported LBT of RM11.3m and a net loss of RM128.7m.<\/p>\n\n\n\n

Revenue<\/strong> in the leisure and hospitality segment in Malaysia was down 1 per cent to RM1.17bn (US$263.8m), while adjusted EBITDA was down 7 per cent, to RM490.4m (US$110.57m). The company attributed this to higher operating expenses during the period.<\/p>\n\n\n\n

For the full year,\u00a0Genting Malaysia\u2019s revenue increased by 7 per cent\u00a0to RM10.7bn (US$2.41bn) while adjusted EBITDA grew by 1 per cent to RM2.92bn (US$658.4m).\u00a0In Malaysia, the group\u2019s leisure and hospitality operations reported a 6 per cent growth in revenue to RM6.28bn (US$1.42bn) while adjusted EBITDA was up 1 per cent to RM2.1bn (US$473.5m).<\/p>\n\r\n\t\t

\r\n\t\t\tSee also:<\/span>\r\n\t\t\t
\r\n\t\t\t\t\r\n\t\t\t\t

\r\n\t\t\t\t\tSee also:<\/span> Resorts World Sentosa hires a new vice president of sustainability<\/a>\r\n\t\t\t\t<\/p>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t","protected":false},"excerpt":{"rendered":"

Former CFO Koh Poy Yong has retired.<\/p>\n","protected":false},"author":176,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia has announced the appointment of Wai Yee Loh as its new Chief Financial Officer, effective April 1, following the retirement of Koh Poy Yong. The company reported a Q4 net loss of RM485.6m, primarily attributed to unrealized foreign exchange translation losses on USD-denominated borrowings, despite achieving a 7% increase in full-year revenue to RM10.7bn.","focusai_entities":"Genting Malaysia, Wai Yee Loh, Koh Poy Yong, Tenaga Nasional Berhad, Destination Resort and Hotel Sdn Bhd, Penerbangan Malaysia Berhad, Khazanah Nasional Berhad, PricewaterhouseCoopers, Resorts World Genting","focusai_location":"Malaysia, Kuala Lumpur, London","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"FX Risk Mitigation?","query":"What is Genting Malaysia's strategy to mitigate future foreign exchange translation risks on its USD-denominated borrowings, given their significant impact on Q4 profitability?"},{"label":"Operating Expense Strategy?","query":"How do the reported increases in operating expenses within the Malaysian leisure and hospitality segment align with Genting Malaysia's long-term cost management and profitability enhancement initiatives?"}],"footnotes":""},"categories":[157,16333],"tags":[19394],"class_list":["post-777024708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777024708"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024708\/revisions"}],"predecessor-version":[{"id":777024746,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024708\/revisions\/777024746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}