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Kenya Power records major turnaround with Sh3 8b profit

The Sh3.82 billion half-year performance came on the back of increased electricity sales and lower operating costs.

John Geyman on Step by Step Reform Versus Medicare for All

Even the most ardent supporters of Medicare for All in Congress, including Senator Bernie Sanders and Congresswoman Pramila Jayapal, are retreating into President Biden’s step by step approach to addressing the ravages inflicted on the American people by the increasingly powerful medical industrial complex. John Geyman Sanders wants to drop the Medicare age to 60,…

Construction companies report lower profits due to COVID-19

Wednesday, 13:41, 12/05/2021 Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices. A real estate project constructed by Hoa Binh Construction Group Since the beginning of this year, the prices of construction materials on the market have increased sharply amid worries over shortages of materials and rising demand for economic recovery after COVID-19. Local brands have increased steel prices by 30-40% compared to the fourth quarter of 2020, putting great pressure on the construction industry, as steel currently accounts for 20% of inputs for construction work. Not only steel, the price of cement has also skyrocketed. Since mid-April, many cement manufacturers have adjusted the price of products sold with an increase of VND40,000 per tonne.

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