Forex losses push down Bayan 2008 results – Business Mirror
March 9, 2009 · Print This Article
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Forex losses push down Bayan 2008 results
Business Mirror, Philippines BAYAN Telecommunications Inc. (Bayan) ended 2008 with a net loss mainly due to foreign exchange (forex) losses, its chief executive consultant Tunde Fafunwa said. The forex losses were brought about by the company’s debt repayment program, … |
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