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Business 18 Feb 2003 | 12:00 AM

Hanoi fuel price hike takes effect

Gas stations in Hanoi reopened for business Tuesday after turning motorists away over the weekend ahead of a government-imposed price hike triggered by the looming war in Iraq.

Business 05 Mar 2003 | 12:00 AM

Ex-Sasebo executives get suspended sentences in fraud trial

Two former executives of Sasebo Heavy Industries Co. were given suspended prison sentences for defrauding a government work subsidies program of 377 million yen (US$3.2 million), a court official said Wednesday.

Business 08 Mar 2003 | 12:00 AM

Global markets tumble as war drums beat louder

RISING fears of imminent war against Iraq sparked selling in global stock markets yesterday, with many indices touching fresh lows.

Business 03 Apr 2003 | 12:00 AM

Magni-Tech seeking opportunities to diversify

MAGNI-TECH Industries Bhd, scheduled for transfer to the KLSE main board next Tuesday, will look for opportunities to diversify into other types of businesses in the near future, according to group executive chairman Tan Sri Tan Kok Ping.

Business 19 Apr 2003 | 12:00 AM

Motor vehicle sales 5.5% down

MOTOR vehicle sales in March fell 5.5% to 35,130 units from 37,194 units a year earlier, largely owing to uncertainties created by the war in Iraq and the Severe Acute Respiratory Syndrome (SARS) outbreak, according to the Malaysian Automotive Association (MAA).

Business 14 May 2003 | 12:00 AM

UMW proposes 2-for-3 bonus issue, to raise authorised capital

UMW Holdings Bhd is proposing a bonus issue of up to 203,228,226 new shares on the basis of two new shares for every three existing shares held.

Business 10 Jul 2003 | 12:00 AM

News in Brief

News in brief on KKB Engineering, Telekom, IJM, Huat Lai, Magnitech and Malayan United Industries.

Business 31 Jul 2003 | 12:00 AM

CAHB’s Indon bank H1 profit quadrupled

PT Bank Niaga, an Indonesian lender controlled by Commerce Asset-Holding Bhd (CAHB), said its unaudited profit had almost quadrupled for the six months ended June 30 on higher interest income.

Business 18 Aug 2003 | 12:00 AM

Index futures remain positive

MDEX Index Futures: A weekly column by G.M. Teoh.

Business 21 Aug 2003 | 12:00 AM

Lend Lease slips into the red

Australian developer and real estate fund manager Lend Lease Corp Ltd reported yesterday a deep plunge into the red for 2002/03 after writing off A$945mil on its troublesome US businesses.