<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 28): EA Technique (M) Bhd has filed a US$7.06 million (RM27.38 million) suit against Amaniaga Resources Sdn Bhd for alleged breach of contract to provide services for a floating storage and offloading (FSO) vessel.</p></div>

<div class=newsTextDataWrapInner><p>The group had filed a writ of summons together with a statement of claim on March 20, 2018 for a claim arising out of an award under the Construction Industry Payment and Adjudication Act (CIPAA) on March 5, EA Technique said in a filing with the stock exchange today.</p></div>

<div class=newsTextDataWrapInner><p>According to EA Technique, Amaniaga had breached a contract for the provision of transportation and offshore installation service of a FSO vessel with its mooring and riser system for full field development, North Malay Basin, which was entered into on Jan 29, 2016.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"In the event that the company loses the suit, the financial impact shall be limited to the amount awarded by the court," EA Technique said.</p></div>

<div class=newsTextDataWrapInner><p>It added that the suit — fixed for case management on April 3, 2018 at the Kuala Lumpur High Court — is not expected to materially affect the finance and operations of the company for financial year ending Dec 31, 2018.</p></div>

<div class=newsTextDataWrapInner><p>EA Technique closed unchanged at 35 sen today, giving the group a market capitalisation of RM176.4 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (March 28): EA Technique (M) Bhd has filed a US$7.06 million (RM27.38 million) suit against Amaniaga Resources Sdn Bhd for alleged breach of contract to provide services for a floating storage and offloading (FSO) vessel.

The group had filed a writ of summons together with ...

EA Technique files RM27.38m suit against Amaniaga for breach of contract

KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.

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The ringgit closed slightly lower on Tuesday against the greenback after Asian foreign exchange (FX) markets displayed mixed performance against the US dollar.

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Pakatan Harapan (PH) by-election director Ng Sze Han said the candidate selection will take place during Monday night's PH leadership council meeting, chosen from a list of 10 potential candidates previously shortlisted.

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<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


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<p>Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.</p>


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<p>Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

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<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


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<p>According to marke...

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<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


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<p>KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).</p>


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<p>High crude oil prices&nbsp;caused by&nbsp;tension in the Middle East&nbsp;will help to boost Malaysia's oil and gas exports. However, escalated fuel&nbsp;prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).</p>


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<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>
