Ziggy's Chinese burn

Article Abstract:

Ziggy Switkowski, head of Telstra, has acknowledged that the company is experiencing difficulties in Asia. It will shortly have to write down the value of its investment in the Hong Kong mobile phone market via its stake in Regional Wireless. This will have a negative impact on Switkowski's own position.

Foreign operations, Cellular telephone services industry, Cellular telephone services, Telstra Corporation Ltd.

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One card trick

Article Abstract:

Australian firm Coles Myer instigated a discount card scheme in 1993 to achieve customer loyalty, but the costs of this became overwhelming. The company announced changes to the scheme in July 2001 splitting it into discount shares and ordinary shares.

Economic aspects, Retail industry, Retail trade, Discount (Finance), Coles Myer Ltd.

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Clear for rake-off

Article Abstract:

Issues are presented concerning the sale of Sydney Airport by the federal government for around 4-billion Australian dollars. The three bidders for the airport and the effect of the sale on its management are discussed.

Australia, Economic policy, Buildings and facilities, Airports, Sydney, Australia

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