On August 22, the government had once again sought to raise the power rate by Rs3.55 per unit. The persistent increase in electricity prices and fuel prices has led to widespread protests and demonstrations across the country against the hikes....

TEXAS: Lyft Inc has posted an adjusted quarterly profit three months ahead of target as it kept

The higher rate would be charged to consumers for three months and would be replaced by QTA for 4th quarter( April-June).... He said the power companies should not expect the regulator to be like their ATM with unlimited cash facility.... “ We are also answerable to the people who are struggling to finance utility bills, ” he said. Published in Dawn, June 16th, 2022....

PETALING JAYA: Econframe Bhd’s net profit rose 62.7% to RM2. 66mil for the first quarter of financial year ending Aug 31, 2022( Q1’FY22) from RM1. 64mil in Q1’FY21 on higher revenue recorded and lower administrative expenses. During the quarter in review, the company saw its revenue increase 15% to RM13. 3mil from RM11. 57mil, driven by its manufacturing segment, which registered higher billings and higher selling prices for metal door frames.“ The higher selling price was mainly due to adjustme

Stores in business districts —— which were hardest hit during the pandemic —— have returned to positive sales growth, he said. But some pandemic habits are persisting.... At the peak in August, 80% of Starbucks' stores in China were impacted by virus restrictions, the company said.“ Our recovery in China will not be linear, ” Starbucks President and CEO Kevin Johnson said.... The company said workers in its U.S. stores will make at least$ 15 ——and up to$ 23 —— per hour by next summer....

KUALA LUMPUR: Dayang Enterprise Holdings Bhd fell over 3% in early trade Tuesday after reporting a wider net loss in the second quarter ended June 30. The oil and gas services provider fell 3.47%, or 3.5 sen to 98 sen at 9. 53am.... Dayang-C15 lost 33.33%, or one sen to two sen and Dayang-C17 tumbled 75%, or 1.5 sen to 0.5 sen. Dayang’s net loss for the second quarter ended June 30, 2021( 2Q21) widened to RM21. 89mil from RM985, 000 a year ago.It recorded lower revenue of RM159. 7mil compared w

costs to stem a series of quarterly losses.... An impairment charge of$ 55 million to$ 65 million

PETALING JAYA: Vitrox Corp Bhd posted a record quarterly net profit of RM50. 64mil, 121% higher

PETALING JAYA: IGB Real Estate Investment Trust( IGB REIT) has approved 97.5% of its quarterly

HOUSTON: Exxon Mobil Corp on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove as much as$ 1.9 billion in operating gains in the fourth quarter. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher operating profit in its upstream businesses, but potentially flat to lower operating profits in downstream and chemicals.... 1.In 2020, Exxon notched a historical$ 22.4 billion loss on writedowns fr