defence Industry

BHIC Appoints New CE0

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. […]

Auditor General Report

LTAT Thinking To Divest From Defence Business

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 […]

Kementerian Pertahanan

LTAT Announces Five Percent Dividend For 2022

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 […]

Defence Contract

More on LCS and LMS Batch 2

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 […]

Kementerian Pertahanan

LTAT To Privatise Boustead Holdings

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 […]

budget

Another Boustead Company Facing Issues

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 […]

Defence Contract

Still in Purgatory… LCS…

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 […]

commentary

Happy Eighth Birthday LCS

SHAH ALAM: Happy eighth birthday LCS. Today (December 3) marked the eighth birthday of the first LCS – Maharaja Lela – as the first steel was cut on this day in 2014 at the premises of the IHC Metalix company in Amsterdam, Holland. As Malaysian Defence reported previously: Of course […]

Defence Contract

All Ahead, LCS

SHAH ALAM: All ahead, LCS. It appears that the RMN is preparing for the resumption of the LCS project. Yesterday, it announced First Admiral Franklin Jeyasekhar Joseff assumed command of the LCS project team from Captain Abdul Jamal Mohd Nasir. From RMN: Majlis Serah Terima Tugas Ketua Pengarah Projek Littoral […]

Defence Contract

All Is Well…Part…

SHAH ALAM: All is well. Senior Defence Minister DS Hishammuddin Hussein announced yesterday all is well with the LCS re-mobilisation programme. From Bernama: KUALA LUMPUR, Oct 2 — The six-month mobilisation phase of the Royal Malaysian Navy’s (RMN) Littoral Combat Ship (LCS) project which began in June has gone smoothly […]