Articles in the Business Category

Task Force to be set up for preparations of CHOGM 2013 Summit
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Posted in Business on 6 February 2012

Sri Lanka has begun preparations to host the 2013 Commonwealth Heads of Government Meeting (CHOGM) that will bring the leaders of 54 member countries of the Commonwealth to the island. The External Affairs Minister Prof. G.L. Peiris has proposed setting up of a Task Force Secretariat (TAFS) to handle preparatory work for the CHOGM 2013 [...]

Public sector procurement reform
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Posted in Business on 6 February 2012

The Cabinet Secretary for Infrastructure and Capital Investment Alex Neil, has outlined his intention to further reform public procurement to improve Scottish businesses’ access to contract opportunities. Mr Neil said: “I have spent a lot of time in recent months engaging with businesses and others who have concerns about public procurement. “The Scottish Government has [...]

Budget proposals
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Posted in Business on 6 February 2012

Ahead of next week’s stage three debate on the Scottish budget Finance Secretary John Swinney today confirmed that he met with all opposition parties last week and would continue to listen to the views put forward by others to secure the best budget for Scotland. With the debate due on Wednesday and at the end [...]

Consolidated Financial Results for the Third Quarter Ended December 31, 2011
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Posted in Business on 4 February 2012

FY 2011 Q3 February 02, 2012 Earnings Release PDF [360 KB] Webcast HTML Presentation Slides HTML PDF [436 KB] FY 2011 Q2 November 02, 2011 Earnings Release PDF [387 KB] Presentation Slides HTML PDF [428 KB] FY 2011 Q1 July 28, 2011 Earnings Release PDF [373 KB] Presentation Slides HTML PDF [444 KB] FY 2010 [...]

Executive Appointments
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Posted in Business on 4 February 2012

TOKYO, Japan – Sony Corporation has announced the following executive appointments, effective from April 1, 2012. Howard Stringer Director, Representative Corporate Executive Officer, Chairman (Currently, Director, Representative Corporate Executive Officer, Chairman, CEO and President) Kazuo Hirai Representative Corporate Executive Officer, President and CEO (Currently, Representative Corporate Executive Officer, Executive Deputy President, Officer in charge of [...]

On January 27, 2012, the BOD of Samsung Electronics approved a related party transaction with four affiliates, Samsung SDI, Samsung Corning Precision Materials, Cheil Industries, and Samsung Fine Chemical.
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Posted in Business on 4 February 2012

Details ? Contents of the transaction: Contract for sharing costs for re-developing the site within Samsung Electronics to construct a research complex. ? Transaction amount: KRW 59.71 billion ? The amount equals to 61.8% of the total costs. The remaining 38.2% will be paid by Samsung Electronics ? Amount to be paid by each affiliate: [...]

On January 27, 2012, the BOD of Samsung Electronics authorized the sales of real estate to its affiliate, Samsung Corning Precision Materials.
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Posted in Business on 4 February 2012

Details – Contract amount: KRW 14.66 billion – Scheduled contract date: February 27, 2012 – Transaction property: Samsung Electronics land site in Asan, Chungcheongnam-do (46,054? of land) – Purpose of transaction: To expand Samsung Corning Precision Materials’ manufacturing lines and secure parking lots * The contract amount is subject to changes according to the results [...]

On January 27, 2012, Samsung Electronics announced its 2012 capital expenditure plan of KRW 25 trillion.
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Posted in Business on 4 February 2012

On January 27, 2012, Samsung Electronics announced its 2012 capital expenditure plan of KRW 25 trillion. – Total Capex: KRW 25 trillion • Semiconductors: KRW 15.0 trillion • DP: KRW 6.6 trillion, etc. * The capex plan is subject to change based on market conditions

On January 27, 2012, the BOD of Samsung Electronics authorized the cash dividend plan
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Posted in Business on 4 February 2012

On January 27, 2012, the BOD of Samsung Electronics authorized the cash dividend plan. 1. Dividend per share (dividend yield) – Common shares: KRW 5,000 (0.47%) – Preferred shares: KRW 5,050 (0.77%) 2. Total payout: KRW 752.19 billion 3. Record date: December 31, 2011 * Dividend payment will be made within one month after approval [...]

Achieves full year net income of 13.73 trillion won on sales of 165 trillion won – 4Q consolidated revenues reach 47.3 trillion won, operating profit of 5.3 trillion won
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Posted in Business on 4 February 2012

SEOUL, Korea – January 27, 2012 – Samsung Electronics Co., Ltd. today announced revenues of 47.3 trillion Korean won on a consolidated basis for the fourth quarter ended December 31, 2011, a 13-percent increase year-on-year. For the quarter, the company posted consolidated operating profit of 5.3 trillion won, representing a 79-percent increase year-on-year. Consolidated net [...]