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 […]
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 […]
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 […]
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 […]
Malaysian Defence
