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: Defence Minister DSU Muhamad Hasan said today that the first LCS – PCU Maharaja Lela – will be completed in the third quarter of 2024. This was the second time that the Defence Minister – who one month ago said he did not enough about the project to […]
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: New leads in LCS investigations. Local media is reporting that the MACC has discovered new leads in its investigations into the LCS procurement and its contract. The MACC arrested two men, one 79 and the other 49, to help investigations into the case, Bernama reported. From FMT. PETALING […]
SHAH ALAM: Show me the money..part xxx. Setiawangsa MP Nik Nazmi Nik Ahmad, the chairman of the Parliamentary Select Committee on Defence and Home Affairs has wade into the debate regarding the LCS project. The committee has investigated the project and the chairman wrote about it at length in the […]
SHAH ALAM: Show me the money, part 2. Defence Minister DS Ismail Sabri has taken umbrage of his predecessor claims that the government had only taken the interest of Boustead Naval Shipyard (BNS) instead of the Royal Malaysian Navy (RMN) in approving the resumption of the LCS project, which had […]
SHAH ALAM: Changes at Boustead. On April 8, this year, DS Amrin Awaluddin was appointed MD of Boustead Holdings, the public listed company controlled by the Lembaga Tabung Angkatan Tentera (LTAT). He replaced TS Che Lodin Wok Kamaruddin, who resigned from Boustead on Dec. 31, 2018. Boustead’s subsidiary Boustead Heavy […]
SHAH ALAM: IT appears that Boustead Naval Shipyard Sdn Bhd (BNS) has been awarded the SLEP contract for RMN’s frigates, KD Jebat and KD Lekiu. The contract is in two parts actually based on the statement below. Boustead Holdings announcement to Bursa Malaysia on Sept 7, 2015: “On 11 September […]
Malaysian Defence
