LANGKAWI: The cost for the five-ship LCS project has been bumped up for around RM2 billion more. The figure was released by Boustead Heavy Industries Corporation Sdn Bhd (BHIC) in a Bursa Malaysia announcement today (May 26). The cost for the five ships is now RM11.2 billion compared to RM9.1 […]
SHAH ALAM: Boustead Heavy Engineering Corporation (BHIC) announced today that it has been awarded two contracts with a combined value of RM140.06 million from the Defence Ministry. According to its filing with Bursa Malaysia, its wholly owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES) was awarded the two separate […]
SHAH ALAM: For the third day running (April 4 to 6), Dewan Negara debated on Defence Ministry issues. And for the second day running (April 5 to 6), it was about the LCS project. Defence Minister DSU Mohamad Hasan was in parliament yesterday to answer questions from the senators. It […]
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: More details on BNS/BHIC legal woes. As part of its annual report, Boustead Heavy Industries Corporation Bhd, the publicly listed engineering subsidiary of Boustead Holdings Bhd, published the legal actions taken against the company for its shipbuilding activities. The shipbuilding activities is undertaken by its associate company, Boustead […]
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: 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: BHIC, BNS and directors sued. Boustead Heavy Industries Corporation Bhd (BHIC) on October 4 announced to Bursa Malaysia that the company; subsidiary BHIC Defence Technologies Sdn Bh; its associate company, Boustead Naval Shipyard and two of its directors have been sued. The announcement: The Board of Directors (“Board”) […]
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 […]
SHAH ALAM: Fait accompli. It appears that the LCS delivery deadline has slipped again, and it is likely that the first LCS – PCU Maharaja Lela – is only expected to be in service with the RMN in 2026. Of course, this was expected as the revised delivery deadline of […]
SHAH ALAM: Abandon ship, scrap the LCS Part III. In the second part of these series, Malaysian Defence wrote that one of the reasons to scrap the project was the fact that Boustead Naval Shipyard (BNS) might have to take legal action against five companies involved in it. This was […]
SHAH ALAM: Abandon ship, scrap the LCS. The Special Investigation Committee on Public Governance, Procurement and Finance (JKSTUPKK) report on the LCS was declassified yesterday, following the recommendation of the Parliament’s Public Account Committee. Based on the report’s extensive financial details of Boustead Naval Shipyard (BNS), I am of the […]
Malaysian Defence