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Forex, fuel costs hit Kepco profit
State-run power monopoly Korea Electric Power Corp (Kepco) reported yesterday a 20% drop in second-quarter profit due to smaller foreign exchange gains, higher fuel costs and slower growth in demand.
Forex, fuel costs hit Kepco profit
State-run power monopoly Korea Electric Power Corp (Kepco) reported yesterday a 20% drop in second-quarter profit due to smaller foreign exchange gains, higher fuel costs and slower growth in demand.
TNB posts RM205mil net profit for third quarter
TENAGA Nasional Bhd (TNB) has reported a stronger set of numbers for the third quarter ended May 31 as a result of higher electricity consumption and lower foreign exchange losses. The group's year-to-date results, however, were marginally lower than a year ago despite the higher sales.
Taiwan seeks to boost trade investments
StarBiz journalist Alvin Tay, who was in Taipeh recently, interviews Taiwan Deputy Minister for Economic Affairs Steve Ruey-long Chen on what Taiwan intends to do to boost trade and invetsments in Asean.
US dollar down weaker confidence
THE US dollar has continued to weaken against other major world currencies after a sudden drop in American consumer confidence, suggesting that there could be a larger-than-expected cut in US interest rates towards the end of the month.
Foreigner claims trial
A foreigner pleaded not guilty in a Sessions Court yesterday to having two forged travellers cheques.
Stability from sound economic measures
IT IS gratifying to note that the International Monetary Fund has once again commended Malaysia for its economic and financial reforms to fight the Asian financial crisis.
Stability from sound economic measures
IT IS gratifying to note that the International Monetary Fund has once again commended Malaysia for its economic and financial reforms to fight the Asian financial crisis.
Hong Leong Bank adds two currencies to student forex
Hong Leong Bank Bhd has recently added the euro and Singapore dollar to the Hong Leong Student Forex Rates.
Aussie dollar soars to 40-month high against US dollar
THE Aussie dollar leapt to a 40-month high of 65.69 US cents against the US dollar, thanks to rising pressure on the greenback following US Treasury Secretary John Snow's comment that the long-standing strong dollar policy did not imply any view about the exchange rate.
