SHAH ALAM: Lembaga Tabung Angkatan Tentera (LTAT) – the Armed Forces Fund Board – has appointed former Chief of Defence Force TS Azizan Ariffin as its new chairman and Mohammad Ashraf Md Radzi as its new chief executive, effective on April 1. LTAT made the announcement today. Ashraf – who […]
SHAH ALAM: The Auditor General published its findings of government agencies for the year 2022 and the Armed Forces Fund Board (LTAT) has again hog the lime light, for the wrong reasons. The Edge is reporting that LTAT has consistently reported negative reserve balance since 2020. Apart from this the […]
SHAH ALAM: Lembaga Tabung Angkatan Tentera (LTAT) – the Armed Forces Fund Board – is left leaderless after its chairman TS Raja Mohamed Affandi Raja Mohamed retired yesterday. LTAT issued a statement that he had retired. His retirement came a week after the resignation of the CEO Ahmad Nazim Abd […]
SHAH ALAM: Boustead Heavy Industries Corp Bhd (BHIC) has appointed Feroz Razi Ramli, 45 as its new chief executive officer. Feroze replaces Sharifuddin Zaini Al-Manaf, 53, who completed his tenure as CEO after holding the post since April 1, 2020, the group said in a bourse filing on March 31. […]
SHAH ALAM: It appears as part of its privatisation exercise of Boustead Holdings, Lembaga Tabung Angkatan Tentera (LTAT) is looking at whether it is feasible to divest from the defence business, The Edge quoted LTAT CEO Nazim Abdul Rahman. He said as part of the LTAT transformation they will need […]
SHAH ALAM: Lembaga Tabung Angkatan Tentera (LTAT) – the Armed Forces Provident Fund – today announced a dividend of five per cent with a total pay-out of RM476.45 million for its 122,935 contributors in 2022. This is comparable to the 5.3 per cent dividend for conventional savings for 2022 as […]
SHAH ALAM: In a post earlier on LMS Batch 2, Defence Minister DSU Mohamad Hasan was reported as saying that he will be going to Turkiye to negotiate the procurement of the LMS Batch 2 from that country. He was speaking in Parliament as part of the 2023 budget approval […]
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 […]
SHAH ALAM: Another Boustead company facing issues. Pharmaniaga Bhd, a listed company in Bursa Malaysia and a subsidiary of Boustead Holdings which in turn majority owned by Lembaga Angkatan Tentera Malaysia (LTAT) – the Armed Forces Provident Fund – reported losses for the 2022 fiscal year. This pushed the company […]
SHAH ALAM: The LCS project, it appears is still in purgatory, waiting for the final decision by the Cabinet. Defence Minister DSU Mohamad Hasan told Parliament today that work on the LCS will only start after two issues are resolve first. The two issues are the Cabinet memorandum and the […]
Malaysian Defence
