Malaysia's Time dotcom sees return to profitability by 2009 - report
07/06/2007 18:03:00
KUALA LUMPUR (XFN-ASIA) - Time dotcom Bhd expects to return to profitability by
2009 as its restructuring exercise is progressing well, the Bernama news agency
reported, citing managing director Baharum Salleh.
Time reported a pretax loss of 177.1 mln rgt for financial year 2006, against a
loss of 237.9 mln rgt in 2005, according to the report.
"Based on our plan, improvement in numbers will start by the third or fourth
quarter this year while profitability is expected within three years," said
Baharum.
"We have done several market engagements which will give us revenue and from
the third quarter onwards, hopefully the result will be much better from the
previous quarter," he added.
The company will allocate some 134 mln rgt for capital expenditure this year,
up from 44 mln rgt a year ago.
The funds will be utilised to upgrade its existing fibre-optic network to an
internet protocol-based network, said Baharum.
Baharum also said that Time is currently in talks with several parties to roll
out its 3G services.
"We are in discussions with several companies on the content, network and
connectivity," he said, adding that the service will be launched in the "most
economical way" but in tandem with market demand.
Source: Osk Wirenews
Thursday, June 7, 2007
Stocks Fall As Yields Climb
Stocks Fall As Yields Climb
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
Thursday June 7, 1:08 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent; Dow Falls More Than 100 Points
NEW YORK (AP) -- Wall Street fell sharply for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely. The Dow Jones industrials fell more than 100 points and the S&P 500 index hovered near the 1,500 mark.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=37
10-Year Treasury Yield Passes 5 Percent
10-Year Treasury Yield Passes 5 Percent
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Thursday June 7, 10:45 am ET
By Madlen Read, AP Business Writer
10-Year Treasury Note Yield Rises Above 5 Percent; Could Keep Lifting Mortgage Rates
NEW YORK (AP) -- The yield on the Treasury's 10-year note passed 5 percent Thursday, hitting a 10-month high as investors see their hopes for an interest rate cut evaporating.
The 10-year yield broke through 5 percent mark overnight and rose as high as 5.07 percent in mid-morning trading in New York, reaching its highest point since late July. U.S. bond markets were following a trend toward lower prices and higher yields in trading abroad.
Source: http://biz.yahoo.com/ap/070607/10_year_yield.html?.v=7
Stocks Fall After 10-Year Yield Climbs
Stocks Fall After 10-Year Yield Climbs
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
Thursday June 7, 12:31 pm ET
By Madlen Read, AP Business Writer
Stocks Fall After 10-Year Yield Passes 5 Percent, Retailers Report Tepid Sales
NEW YORK (AP) -- Stocks fell for a third straight session Thursday after rising bond yields stoked concerns that an interest rate cut later in the year is less likely.
The 10-year Treasury note's yield surpassed 5 percent in overnight trading. With rates rising in the market, the Federal Reserve is expected to be less inclined to cut short-term interest rates. And a dip in applications for unemployment benefits last week, which indicates a healthy labor market, also made a rate cut seem less likely.
Source: http://biz.yahoo.com/ap/070607/wall_street.html?.v=35
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