Economy & Financial Reports

This stems from its commitment to cover a portion of employee compensation costs linked to layoffs at Toshiba Tec Information Systems (Shenzhen)

The UK’s EPR packaging scheme is already making its mark on retailers.

Increases in operational costs are forcing companies to reduce their workforce.

The company attributed the drop to sluggish demand in export markets, ongoing trade tensions, and aggressive price competition from regional players.

The group reported higher first-half revenue but a sharp fall in profit, as weaker demand in its distribution arm offset growth in manufacturing operations.

The plastic bag levy was established to combat plastic pollution by reducing the use of single-use plastic carrier bags.

The company plans strategic initiatives for FY26 improvement.

Orora transformed its business by pivoting to beverage packaging and executing debt reduction through selling non-core assets.

The company posted 14% rise in revenue despite drop in profits.

The steep profit drop likely reflects inflationary pressures, elevated financing costs, and currency fluctuations in Egypt.