Defence Contract

Its Lunas Langkawi Shipyard Now

SHAH ALAM: IT appears that Boustead Heavy Industry Corporation Bhd (BHIC) has not only sold off Boustead Naval Shipyard Sdn Bhd (BNS) to MOF Incorporated company, Ocean Sunshine Sdn Bhd, it has also divested the Boustead Langkawi Shipyard Sdn Bhd to the same entity. Now Lumut Naval Shipyard or Lunas […]

LTAT

LTAT left Leaderless, Updated.

SHAH ALAM: Lembaga Tabung Angkatan Tentera (LTAT) – the Armed Forces Fund Board – is left leaderless after its chairman TS Raja Mohamed Affandi Raja Mohamed retired yesterday. LTAT issued a statement that he had retired. His retirement came a week after the resignation of the CEO Ahmad Nazim Abd […]

1Malaysia

Its LUNAS!

SHAH ALAM: Lumut Naval Shipyard Sdn Bhd on January 24 formerly announced that it’s acronym should be LUNAS instead of LNS. The new name came from its rebranding from Boustead Naval Shipyard (BNS). The company is now a MOF Incorporated company. The release: Lumut, Perak, Malaysia – 24 January 2024: […]

Defence Contract

Its Lumut Naval Shipyard

SHAH ALAM: THE full privatisation of Boustead Naval Shipyard (BNS) – it appears – has gone through with the company now renamed as Lumut Naval Shipyard (LNS). As part of the deal, the government via its MOF Incorporated Company, Ocean Sunshine Berhad (OSB) – will inject some RM190 million as […]

Defence Contract

Suit Against BNS Dropped

SHAH ALAM: Boustead Heavy Industries Bhd (BHIC) on January 8, 2024, announced that Contraves Advanced Devices Sdn Bhd (CAD) and Contraves Electrodynamics Sdn Bhd (CAE) dropped the suit against Boustead Naval Shipyard Sdn Bhd, its associate company. The release from BHIC to Bursa Malaysia: Further to the announcements dated 2 […]

Kementerian Pertahanan

New Defence Minister 2023

SHAH ALAM: Kota Tinggi MP and former Higher Education Minister, DS Khaled Nordin, 65, has been appointed as the 21st Defence Minister today (December 12 2023). He replaces DSU Mohamad Hasan, the Rembau MP who is now the Foreign Minister, part of the reshuffle of the PMX Cabinet. Mohamad was […]

Defence Contract

Walk Like An Emirati, Part 2

SHAH ALAM: United Arab Emirates has taken delivery of its first Gowind corvette – Bani Yas – in Lorient, France on October 21. Naval Group announced the delivery on November 9. Bani Yas is the first of Gowind corvettes ordered by UAE in 2019. Both ships are built at the […]

Parliament

Some Things Never Change

SHAH ALAM: The town of Lumut and the parliamentary constituency is the location of the RMN main naval base which bears the same name. It used to be known as RMN fleet headquarters until the service decided to split its fleet into two, the Western and Eastern commands. As it […]

Defence Contract

BNS Nationalisation Delayed Again

SHAH ALAM: The nationalisation of Boustead Naval Shipyard (BNS) has been delayed yet again. Last month, Boustead Heavy Industries Bhd (BHIC) announced that the deal with the Ministry of Finance Inc. will be delayed. BHIC on November 1 said that the parties “require additional time for the fulfilment of the […]