Bulgaria Consolidates Five Energy Companies into Holding

Bulgaria's government decided to set up an energy holding that will be composed of gas company Bulgargaz, power grid operator NEK, Kozloduy nuclear power plant, Maritza-Iztok II thermal power plant, and the Mini Maritza Iztok (Maritza Iztok mines). The consolidation of the five companies into the Bulgarian energy holding, one of the biggest energy companies in the region, is expected to be completed by the end of 2008. The assets of the holding will amount to EUR 4 B, its forecast annual profit is set at EUR 1,8 B. The state will hold a 100% stake in the energy holding. The Energy and Economy Ministry will hold up to 75% stake in each of the five energy companies, while the minority shares, varying from 25% to 49% will be transferred to the newly established company. The consolidation of the energy sector aims to restructure the corportate management and supervision of the companies included in the holding, prepare them for listing on local and international stock exchanges, boost their investment potential and improve their credit ratings.


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SEGi sharply reduces bank debts

PETALING JAYA: SEG International Bhd (SEGi), which sold its flagship campus in Kota Damansara to AmanahRaya Real Estate Investment Trust last year, has reduced its bank borrowings to 20% of equity from 100% previously.

It sold the college for RM145mil with an agreement to lease back the property for 15 years.

SEGi is the owner of SEGi College Malaysia, which itself is a consolidation of the Systematic and Prime education groups.

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13-02-2008: BHIC lands three contracts worth RM205m

PETALING JAYA: Boustead Heavy Industries Corporation Bhd (BHIC) has secured three new contracts totalling RM204.87 million, which boosted the group's direct order book to RM547 million.

The contracts was secured by its wholly owned subsidiary Boustead Penang Shipyard Sdn Bhd and two sub-subsidiaries, BHIC Petroleum Sdn Bhd and BHIC BOFORS Asia Sdn Bhd.

BHIC BOFORS received a letter of acceptance from the Ministry of Defence to supply gun spare parts worth RM9 million over three years, it announced yesterday.

It said Boustead Penang Shipyard had received a letter of award from Sarawak-based Sealink Sdn Bhd for the construction of two 7,000 deadweight oil and chemical carriers for a total of US$32.9 million (RM107.58) million.

On the third contract by BHIC Petroleum, the job awarded by Carigali-PPTEPI Operating Company Sdn Bhd was to construct the Muda Living Quarters Building for US$27 million, BHIC said.


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Stay current on tax changes

The good news about tax time this year is that you are likely to get some money.

Uncle Sam is worried about a recession, so he will reward most people who fill out a tax return with a rebate check to spend, save or invest.

The reward: up to $600 for singles, $1,200 for couples and another $300 per child for parents with children under 17.

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Technip: Full Year 2007

Regulatory News: Technip (Paris:TEC) (ISIN:FR0000131708): � � � � � � � � � � in Millions, (except EPS and E/ADS) � 4Q07 � 4Q06 � 2007 � 2006 Revenue � 2,101.2 � 1,982.3 � 7,886.5 � 6,926.5 Operating Income* - 108.0 113.8 247.0 333.2 Operating Margin* - 5.1% 5.7% 3.1% 4.8% Net Income - 97.5 63.0 126.3 200.1 EPS on a Diluted Basis (�) 1.20 1.86 E/ADS on a Diluted Basis ($) � � � � � 1.76 � 2.71 Ordinary dividend per share (�) � � � � � 1.20** � 1.05 * from recurring activities��� **Subject to shareholders� approval On February 20, 2008, Technip�s Board of Directors approved the audited full year 2007 consolidated accounts. Thierry Pilenko, Chairman and CEO, commented: "Technip ends 2007 with contrasting results but starts 2008 on surer footing and with better visibility. First, the excellent performance of the Subsea business (SURF), which achieved a record 15.8% operational margin in 2007 with four consecutive quarters of continuous improvement.


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Rail Transport 1991-2000

MRT was to organize the management of financial resources. In addition, there were plans to reduce funding of passenger transport via freight transport and switch to subsidies for separate categories of passengers. On January 29, the government approved this concept. Although it was never carried out, the concept is notable for the fact that, as was the case two years later, MRT was planning to shift the burden of passenger transport onto the shoulders of the regions.

In April, the critical financial state of the October Railway (OR) was the cause of organizational shuffles. Anatoly Zaitsev, the head of (OR), who had returned to this position in 1997 from the post of Minister of Rail Transport, was reprimanded and fired along with his deputy. A version of the story that appeared in the media claimed that there was more than just the personal enmity of Nikolai Aksenenko toward his predecessor hidden behind the feud between OR and its ministry: the story was that OR's financial interests were at cross purposes with the interests of Aksenenko's nephew, Sergei Aksenenko, who headed the Eurosib industrial and financial group.


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Integrated all your Debts

Fast life offers various luxuries at our disposal. You might have incurred a loan for financing your vacation or for buying a new car. You may have spent considerable amount paying by your credit card and forgot to deposit the dues of the card. There may be many situations in which you become defaulter unknowingly.

This is a very painful situation in which you have to pay more than one loan in a single year. The whole process seems highly complicated. Now there is a solution for this complication. You would have heard about different kinds of bank loans for various purposes. These days, banks are providing a facility using which your loan payment would become very convenient. This facility is in fact a loan, but it is a different loan which makes your life peaceful. We know it by the name of debt consolidation loans.


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