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