FOREX is a very risky, as my lecturer always told us. Even our national bank suffered loss from FOREX. Now Telekom Malaysia is a land line telephone company with Celcom combined is suffering net loss RM 165.8 million it's significantly affected by foreign exchange losses.....
Probably they need to hire a few experts to look over their foreign exchange in order to minimize the losses. Futhermore there is a disposal occured, the disposal of Societe Des Telecommunications De Guinee S.A. (Sotelgui) which had caused the losses.
Telekom will have to bring in more revenue to recover these losses....
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Even Telekom Malaysia suffers loss
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