KUALA LUMPUR (Feb 25): Genting Singapore Ltd has responded to queries by the Singapore Exchange (SGX) in relation to its cash pile of S$3.99 billion, namely why its interest income fell and why it borrowed S$266.8 million despite its sizable cash and cash equivalents.

In a filing today, the group said its interest income amounted to only S$45.5 million for the financial year ended Dec 31, 2020, due to the low interest rates last year.

Meanwhile, its borrowings of S$266.8 million were mainly related to the unsecured and unsubordinated Japanese yen-denominated bonds issued on Oct 24, 2017, which are due for repayment in October 2022.