<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on September 19, 2017 - September 25, 2017</div><div class=newsTextDataWrapInner>KUALA LUMPUR: Shin Yang Shipping Corp Bhd is suing an Indonesian client, PT Gemilang Raya Maritime, for failing to pay up RM6 million for four vessels it bought from the shipbuilder.</div>

<div class=newsTextDataWrapInner>In a Bursa Malaysia filing, Shin Yang said its wholly-owned unit Shin Yang Shipping Sdn Bhd has filed its claim against the firm on Sept 13 at the North Jakarta District Court in Central Jakarta.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Shin Yang said it has sold and delivered four vessels last October to PT Gemilang Raya, but the latter has yet to make payment for the vessels purchased, despite two demand letters seeking for payment.</div>

KUALA LUMPUR: Shin Yang Shipping Corp Bhd is suing an Indonesian client, PT Gemilang Raya Maritime, for failing to pay up RM6 million for four vessels it bought from the shipbuilder.

In a Bursa Malaysia filing, Shin Yang said its wholly-owned unit Shin Yang Shipping Sdn Bhd has filed it...

Shin Yang sues client for defaulting on vessel payment

KUALA LUMPUR (Nov 20): Petronas Chemicals Group Bhd (KL:PCHEM) was sent into the red on Wednesday for the first time ever since its listing more than a decade ago, on paper losses.

Petronas Chemicals reports first-ever quarterly loss since listing

PASIR MAS, Kelantan (Nov 20): The General Operations Force (GOF) has taken action by placing warning notices at several illegal crossings along the Malaysia-Thailand border, particularly the Sungai Golok, to remind the public not to cross the river using ungazetted routes.

Ops force places warning signs not to use illegal crossings to Golok

There is a need to overhaul the entire implementation process of Phase 2 of the National Digital Network (Jendela) initiative to ensure effectiveness of the programme, according to Communications Minister Fahmi Fadzil.

Fahmi wants ‘overhaul’ of Jendela Phase 2, lambasts telcos over non-operational towers

HOMEGROWN fertility care specialist Alpha IVF Group Bhd (KL:ALPHA) is embarking on an ambitious expansion in Asia, setting its sights on Indonesia, China and the Philippines, after establishing its presence in Malaysia and Singapore.

Following its recent listing on the ACE Market of Bur...

Alpha IVF not putting all eggs in one basket, eyes regional expansion

DUBAI (Nov 20): The Malaysia External Trade Development Corporation (Matrade) and Export-Import Bank of Malaysia Bhd (EXIM Bank) have signed a memorandum of understanding (MOU) aimed at strengthening collaboration in trade promotion, on the basis of equality and mutual benefit.

Matrade partners EXIM Bank to boost trade promotion

KUALA LUMPUR (Nov 20): SRC International Sdn Bhd has settled a suit against Parti Bumiputera Perkasa Malaysia president Datuk Ibrahim Ali, while the company and Umno continue to negotiate towards a settlement.

SRC settles suit with Ibrahim Ali, inches towards settlement with Umno

Malaysia must harmonise its trade regulations and ensure consistent enforcement to lower compliance costs, streamline processes and create a level playing field for micro, small, and medium-sized enterprises (MSMEs) in the global market, said the Institute for Democracy and Economic Affairs (IDEAS).

MSMEs need harmonised trade regulations amid non-tariff measures setback, says think-tank

theedgemalaysia.com highlighted two stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

Stocks with momentum on Nov 20, 2024: Autocount Dotcom and White Horse

"It’s the economy, stupid!” This famous mantra, coined by the political strategist James Carville, helped Bill Clinton unseat President George H W Bush in 1992, and now it explains another election. The economy played a critical role in the 2024 presidential race, creating the conditions not only...

The Risk Factor: Once again, it was the economy, stupid

Caution prevailed among investors in Asian equity and currency markets on Wednesday ahead of an earnings report from AI-darling Nvdia with escalations in the Ukraine-Russia conflict further pushing traders to the sidelines.

Asian stocks, equities cautious over Ukraine tensions, Nvidia results

The criminal charge against the late former finance minister Tun Daim Zainuddin, for a failure to declare his assets, has been dropped following his demise.

Prosecution drops criminal charge against Daim, court grants 'posthumous' acquittal

KUALA LUMPUR (Nov 20): Petronas Chemicals Group Bhd (KL:PCHEM) was sent into the red on Wednesday&nbsp;for the first time ever since its listing more than a decade ago, on paper losses.

Malaysia will launch a new generation of identity cards as part of efforts to combat identity fraud, Deputy Home Minister Datuk Seri Shamsul Anuar Nasarah said.

Malaysia to launch new-gen identity card with enhanced security features

KUALA LUMPUR (Nov 20): Shares of Cape EMS Bhd (KL:CEB) fell on Wednesday morning in highly active trade, after the electronic manufacturing services firm reported its first quarterly loss since its listing.

Cape EMS down in highly active trade after first quarterly loss since listing

Shares of Malayan Flour Mills Bhd (KL:MFLOUR), or MFM, sank on Wednesday morning to their lowest in 10 months, after the company reported a nearly 70% drop in net profit in its third quarter.

Malayan Flour Mills shares sink to January low after sharp 3Q profit drop

Asian shares were cautious on Wednesday as investors looked ahead to earnings results from AI darling Nvidia where the risk of disappointment is high, while the dollar gave back a little of its recent bumper gains.

Asian shares cautious before Nvidia result, dollar gives back gains 

GEORGE TOWN (Nov 20):&nbsp;Property developer Eastern &amp; Oriental Bhd [KL:E&amp;O] has unveiled its&nbsp;masterplan for its Andaman Island development project, with a&nbsp;gross development value (GDV) of RM60 billion.

E&O launches RM60b masterplan for Andaman Island development project

KUALA LUMPUR (Nov 20): The government has no objection to adopting technology from any country for the rollout of the second 5G network, provided it complies with technical and security standards, said Communications Minister Fahmi Fadzil.

This includes adherence to the Communications a...

Govt open to technology from any country for second 5G network rollout — Fahmi

A record-breaking crypto rally born in the US is leaving its mark on Asia, including a jump in the value of bitcoin held by Bhutan to more than US$1 billion (RM4.47 billion) and a surge in digital-asset trading volumes in South Korea.

Asian crypto hotspots gain from US$800b rally led by US

While Malaysia is consolidating returns on previous infrastructure investments, leveraging its established expertise in electronics, semiconductors and data centres, political shifts and the gradual outflow of talent could impact future economic progress, according to the 9th edition of e-Conomy SEA by Google, Temasek and Bain &amp; Co.

A survey of Malaysia’s digital economy

KUALA LUMPUR (Nov 20): Shares of Dialog Group Bhd (KL:DIALOG) rose on Wednesday in active trading, as investors took comfort in the strong start to its earnings, while analysts continued to recommend their clients to buy into the energy services firm.

Dialog shares rise in active trade, most analysts still advice ‘buy’ after 1Q results

Bank Negara Malaysia (BNM) said on Wednesday it is prepared to deal with currency volatility while ensuring the orderly functioning of the foreign exchange market.

BNM stands ready to deal with currency volatility, ensure orderly forex market

Stocks rebounded in a volatile session marked by geopolitical headlines, with Nvidia Corp climbing ahead of its results. Bitcoin extended its post-election rally.

US stocks shake off war angst before Nvidia’s results

President-elect Donald Trump's incoming administration plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivise a shift toward electric vehicles, according to two sources in contact with Trump's transition team.

Trump administration plans to roll back Biden's stricter fuel-efficiency standards

KUALA LUMPUR (Nov 20): TA Securities downgraded its call on Star Media Group Bhd (KL:STAR) to “sell” from “hold”, after the media group’s latest third quarterly results missed expectations.

TA Securities downgrades Star Media after results miss expectations

KUALA LUMPUR (Nov 19): The government has agreed in principle to allow petrol station operators to employ foreign workers for cleaning and maintenance work in cafés and convenience shops&nbsp;at petrol stations.

Petrol station operators allowed to employ foreign workers in cafes, convenience shops — Saifuddin Nasution

KUALA LUMPUR (Nov 20): SRC International Sdn Bhd has settled a suit against Parti Bumiputera Perkasa Malaysia president Datuk Ibrahim Ali, while the company and Umno continue to negotiate towards a settlement.

Brunei LNG said on Wednesday it was managing an "operational upset" at its facility in coastal Belait District, adding it was working towards a full recovery.

Brunei LNG sees 'operational upset' at plant, working towards recovery

Bitcoin rose to a record high above US$94,000 (RM419,898) &nbsp;as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration.

Bitcoin breaches US$94,000 for the first time

KUALA LUMPUR (Nov 20): Issues regarding the new education&nbsp;syllabus and the latest status of the next-generation identification card are among highlights of Wednesday’s Dewan Rakyat session.