Brightoil Petroleum recorded a "significant loss" in the third quarter, based on the Hong Kong-listed firm's preliminary unaudited results. During the quarter, the company's international trading and bunkering business, as well as its marine transport business, faced an extremely challenging market, with poor demand and profit margins, it said. Brightoil attributed the loss mainly to the depressed shipping industry and decreasing bunkering demand. Toh Han Shih
Mainland taxi operators interested in electrifying their fleet could pay for BYD's e6 car in instalments, saving them the hefty upfront full payment they have to make for a petrol-powered vehicle, the car maker said yesterday. Each e6 bought through such arrangements would save a taxi operator 326,477 yuan (HK$402,000) over five years through cheaper electricity prices, even though the e6 cost 180,000 yuan after government subsidies compared with 10,000 yuan for a petrol-powered car, BYD said. Reuters