YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group registered a 10.6% increase in net profit to RM944 million on the back of just under RM15.0 billion in revenue for the 9 months ended 31 March 2013, marking another sound quarter. Lower revenue was due mainly to the completion of our property development projects in Singapore and more competitive pricing in the cement industry, but was offset by revenue increases in the hotels and utilities divisions, as well as higher contributions from our plant operation and maintenance (O&M) business.

“Meanwhile, the increase in net profit was contributed mainly by the Group’s hotels and power station O&M operations and an increase in share of profits from associated companies. The Group’s utilities division remains the largest contributor. During the quarter under review, lower sales in our merchant multi-utilities in Singapore and higher provisions for depreciation in the power generation segment impacted performance but this was offset by better performance by our water and sewerage operations under Wessex Water in the UK.”... ›› more

It is not impossible for students living in rural areas to be on par with their urban counterparts when equipped with the right tools.

YTL Group managing director Tan Sri Francis Yeoh said although rural students used to have less exposure compared to those living in cities, this could be reversed through technology.

“Students from rural areas will be able to make a quantum leap with incredible technology and innovation, can you imagine rural kids having a Chromebook to start with instead of clunky PCs?” Yeoh asked at the launch of the Samsung 4G Chromebook yesterday.... ›› more

The much-awaited Samsung 4G Chromebook is here. Unlike a standard notebook, this device is designed to be used with an always-on Internet connection as it stores applications and data on the Web.... ›› more

For the past three years, the boom in the US shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to market. ... ›› more

Qatar is launching another multi-billion dollar push into the banking sector, buying fresh stakes in Russia’s VTB and Germany’s Deutsche Bank.... ›› more

Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.... ›› more