Loss Billion

Stock markets perform poorly in 2011

Lead: Up to 60 percent of listed firms on both stock markets had poor performance, and 85 firms were mired in the red last year, said the State Securities Commission

Listed firms fare poorly

HCMC – Up to 60% of listed firms on both stock markets saw their performances shrinking in 2011, and some 85 firms were mired in the red last year, according to the State Securities Commission (SSC).

Japan's Sony more than doubles net loss forecast

Japanese entertainment giant Sony more than doubled its full-year net loss forecast to US$2.9 billion, a day after announcing that its president and CEO Howard Stringer would step aside

Apartment prices seen to keep dropping

HCMC – Property market observers are wondering if there would be a trend of strong discounts in the next few months given that many investors are selling out their apartments at low prices to cut losses.

Japan's TEPCO posts $8bln group net loss

Tokyo Electric Power Co. said Friday it logged a net loss of 627.30 billion yen (US$8 billion) in April-September as it faces massive costs to deal with the crisis at its Fukushima nuclear plant

Stock market slump causes misery for brokerages

Of twenty seven securities companies that announced their Q3 results, two thirds have posted an aggregate loss of $64.8 million this year

Sony forecasts fourth straight annual loss

Japanese electronics giant Sony on Wednesday warned that it expected to slide to its fourth straight annual loss as it reels from the impact of a strong yen, weak sales and severe flooding in Thailand

Shipping firms put vessels on sale to cut losses

With businesses negatively affected by the economic turbulence, many companies in the domestic shipping industry have to sell their vessels

Vinalines posts first-half losses

The Viet Nam National Shipping Corporation (Vinalines) recorded a loss of VND660 billion (US$32 million) in the first half of this year, the first time ever in its 15 years of operation...

Bac Lieu official face prosecution for taking bribes

Former chief of the secretariat of Bac Lieu province People’s Committee is facing prosecution for taking bribes from a local company.

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From Travel

New luxury bus to service City- Phnom Penh

HCM City — An extravagance bus service between HCM City and Phnom Penh has began in HCM City like a private-public co-operation effort to possess more Vietnamese vacationers visit Cambodia.The service was released on Friday through the Cambodian Tourism Ministry and NagaWorld Group."This really is yet another effort to bolster the great relationship between Viet Nam and Cambodia in tourism sector," stated Thong Khon, Cambodia's Tourism Minister.By opening an agent office in HCM City along with a number of

Beaches, wildlife draw vacationers to central coast

by Hoai Nam Rooted in character: Wildlife viewers and outdoorsmen could be satisfied with a half-day tour within the Boy Tra Reserve. — VNA/VNS Photo Van Boy