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<< May 2017
 
Results: 1 - 5 of 9
Pages: [1] 2 Next
 

26 May 2017
4:41:12 PM

Asian Philanthropist Help Restore Italy's Artistic Heritage - Kuala Lumpur

When Rome's famed old opera house faced the prospect of closing, Malaysian businessman Tan Sri (Dr) Francis Yeoh came to the rescue. The CEO of infrastructure conglomerate YTL Corporation and friend of the late great tenor Luciano Pavarotti donated €1 million to the Teatro dell'Opera di Roma to fund maintenance work and the creation of new operas to keep audiences coming.

"I am honoured to be part of such a prestigious institution as the Teatro dell'Opera, with so much history and tradition. I hope I will be able to help it do even better in the future and outshine itself, by bringing also a wave of innovation through the support of young talents," said Yeoh at a concert in Rome last year. ... ›› more

   

26 May 2017
3:45:02 PM

YTL's ERL Awarded the Outstanding Green Air Rail Transport by MCBC - Kuala Lumpur

Express Rail Link Sdn Bhd (ERL) added another gem to its illustrious track record when the KLIA Ekspres was awarded the Outstanding Green Air Rail Transport by the Malaysia Canada Business Council (MCBC). The Business Excellence Award Gala Dinner was held in conjunction with MCBC’s 25th Anniversary to honour and recognise industry leaders and influential entrepreneurs in bilateral and global commerce.... ›› more

   

25 May 2017
6:32:01 PM

YTL Corp Records 9-Month Revenue of RM10.8 Billion (US$2.5 Billion)
Profit for the Period Stands at RM1.0 Billion (US$234 Million)
- YTL Corporation

YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s performance remained satisfactory during the first 3 quarters of the 2017 financial year in view of ongoing pressures that have persisted in our main operating industries. Our utilities division saw a decline in revenue and profit mainly due to the absence of revenue from the contracted power generation segment following the completion of our power purchase agreement in September 2015.

The strengthening of the Malaysian Ringgit against the British Pound impacted the results of the water and sewerage segment, whilst the merchant multi-utilities division registered an increase in profit due to higher fuel prices, coupled with lower operating and interest expenses.

“In new developments in the utilities business, we increased in our stake in Attarat Power Company (APCO) to 45%, from 30% previously, upon the project achieving financial close in March 2017. APCO is developing a 554 megawatt oil shale fired power generation project in the Hashemite Kingdom of Jordan, targeted to commence operation in 2020. The project has a 30-year power purchase agreement for the plant’s entire electrical capacity with NEPCO, Jordan’s state-owned power utility, with an option for NEPCO to extend the operating period of the power purchase agreement to 40 years.

“In addition, in our contracted power generation division, the extension for the supply of 585 megawatts of capacity from our existing power station in Paka, Terengganu, for a revised term of 3 years 10 months has now been finalised and is scheduled to commence on 1 September 2017.

“In the Group’s other operations, revenue and profit in the cement division decreased primarily as a result of lower demand for cement in the construction industry, competitive pricing and higher production costs, whilst the improved financial performance of the construction division was due to higher revenue recognition of construction contracts and better contract margins. The property investment and development segment saw higher revenue and profit arising from better site progress on The Fennel project and higher unrealised foreign exchange gains.”... ›› more

   

24 May 2017
11:10:08 AM

Teachers and Students Honoured Under YTL's Sentul Community Building Program At Awards Ceremony - Kuala Lumpur

Sentul Raya Sdn Bhd, DBKL, and MOE celebrate a decade of partnership in educational enrichment CSR initiatives in Sentul.... ›› more

   

23 May 2017
11:41:26 AM

Asians keep Italy's icons looking shiny - Straits Times

When Rome's famed old opera house faced the prospect of closing, Malaysian businessman Francis Yeoh came to the rescue. The CEO of infrastructure conglomerate YTL Corporation and fan of the late great tenor Luciano Pavarotti donated €1 million (S$1.55 million) to the Teatro dell'Opera di Roma to fund maintenance work and the creation of new operas to keep audiences coming.

I am honoured to be part of such a prestigious institution as the Teatro dell'Opera, with so much history and tradition. I hope I will be able to help it do even better in the future and outshine itself, by bringing also a wave of innovation through the support of young talents," said Mr Yeoh at a recent concert in Rome.... ›› more

   
 

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