Labels:text | newspaper | screenshot OCR: BUSINESS & INDUSTRY Rising affluence means that entertainment and leisure pursuits, such as those of MvIalaysia's Resorts World, willcontinue to be in strong demand Holdings, a Mercedes-Benz distributor, and Singa- large volume of surplus cash sloshing around Asia, pore's Cycle & Carriage, a major car distributor in as well as the region's propensity for games of Singapore and Malaysia. Both are controlled by chance. Hong Kong's Jardine Matheson group. The strong showing of Malaysia, one of Asia's Several Malaysian gambling companies have fastest-growing economies with 29 companies grown rich quickly by catering to a similarly weal- among the top 88, should come as no surprise. thy clientele. Two But Korea's domination of the list-with 35 compa- of them, Resorts nies, or 40 per cent of the total-may seem baf- World and Ber- fling, given its recent economic slowdown. jaya Group (the Stock analysts give two possible explanations. parent of gaming First, Korea's domestic market is among Asia's company Berjaya Leisure), ranked biggest and it had more companies with US$5 million or more in 1989 sales than most others in in the top 15, an the region. Timothy Moe, former research head at indication of the Hong Kong's Jardine Fleming Broking, suggests
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