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World Class Products at Competitive Prices |
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PHILOSOPHY |
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YTL Corporation’s
strategy of offering "World Class Products and Services at
Competitive Prices" extends across the range of its business
activities, and is perhaps the single most important factor
underpinning its success today in enhancing shareholder value.
This policy has not only ensured that the group is able to offer
attractive, high quality products and services to its customers
at competitive prices, but also contributed directly to its
success in achieving a compounded annual growth rate in Pre-tax
profits of 55% over the last 15 years.
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Indeed,
it is because of this strategy that YTL Power is able to profitably
sell power at the most competitive prices in the world (at 3.8
US cents per kw/h, a lower average-per-kilowatt than anywhere
in the United States) |
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One more illustration is the
57 km "KL Cat" Express Rail Link, running from KL City centre
to KL International Airport, which is virtually identical in
design to the high-speed rail system that runs between London
Heathrow Airport and Paddington Station in London, and uses
the same Siemen's rail transportation technology. A ticket to
ride on the British rail link, a 15-minute trip, is about US$15.
In contrast, by cutting capital costs and using a local funding
source, the "KL Cat" ERL travels twice as far, about 57 kilometres,
in 28 minutes, but for the equivalent of only about US$8. This
is the cheapest fare-per-kilometre in the world for rapid rail
transit. |
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Another example of this
strategy is the award winning the Ritz-Carlton Hotel, Kuala
Lumpur, which has the cheapest room rates amongst any other
Ritz Carlton hotel in the world (a room per night in this luxury
five-star hotel runs at only about USD 338++, compared to more
than $400 - $500 or more for comparable hotels in Europe
or the U.S.).
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Click here
to read a speech delivered by Tan Sri (Dr) Francis Yeoh on
this subject at Siemens Global Power Generation Symposium
2002.
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