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: Boustead Naval Shipyard (BNS) nationalisation has been delayed again, for the fourth time. Malaysian Defence has expected this as the third deadline for the exercise – BNS being sold to a MOF Incorporated company, Ocean Sunshine Bhd – was on December 31. Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: Boustead Heavy Industries Corporation Bhd (BHIC), the heavy industry arm of Boustead Holdings Bhd, is selling its entire stake in Boustead Naval Shipyard Sdn Bhd (BNS) – the builder of the LCS – for RM1 – to Ocean Sunshine Bhd (OSB). OSB is an indirect unit of Minister […]
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 […]
Malaysian Defence
