Day: 2 March 2023

Kementerian Pertahanan

LTAT To Privatise Boustead Holdings

2 March 2023 Marhalim Abas 4

SHAH ALAM: Lembaga Tabung Angkatan Tentera – the Armed Forces Provident Fund (LTAT) is doubling down on Boustead Holdings Bhd, by offering to take the listed company private. LTAT in a statement said the offer will allow it greater flexibility to implement the turnaround plan for Boustead. The statement: NOTICE […]

Malaysian Defence

Going, Going, Gone?

2 March 2023 Marhalim Abas 37

SHAH ALAM: Going, going, gone? Last January 19, the Defence Ministry announced it had cancelled five contracts for “supply, services, and infrastructure projects”. It did not identify the contracts though but stated that it will implement the projects via a tender process. Checks with industry sources only revealed one of […]