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Tag: profitable business

Sarawak applies prudent financial approach

BINTULU: Sarawak’s financial management is prudent, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said the Sarawak government adopts a systematic approach in managing the state’s finances. With increased revenue, he emphasised the need for state expenditures to focus on more strategic matters. “We must save money for the future. Avoid extravagance. […]

German sportswear giant Adidas sees profit fall in third quarter

BERLIN: German sportswear giant Adidas reported a fall in its preliminary operating profit for the third quarter on Tuesday, slipping from €564 million (US$595 million) to €409 million, reported German news agency (dpa). Quarterly currency-neutral revenues increased one per cent versus the prior year level. But in euro terms, the company’s revenues declined six per […]

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