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 […]

Boustead

BNS Nationalisation Delayed Again, Fourth Time

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) […]

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 […]

Defence Contract

Irony is Dead

SHAH ALAM: Former Defence Minister and Tanah Merah MP DS Ikmal Hisham Abdul Aziz spoke at length on the LCS at Dewan Rakyat on Thursday (October 19). His biggest issue with the LCS project is the fact that Boustead Naval Shipyard (BNS) was still entrusted with the job of completing […]

Defence Contract

First LCS To Be Ready by August 2024

SHAH ALAML Earlier this week, Defence Minister DSU Mohamad Hasan told Parliament that the first LCS – PCU Maharaja Lela – will be delayed by a few months due to the ongoing process of nationalisation of the builder, Boustead Naval Shipyards (BNS). His deputy – Adly Zahari – on Thursday […]

Defence Contract

Further Delays to First LCS

SHAH ALAM: The delay in nationalisation of Boustead Naval Shipyard (BNS) is also causing a delay in resumption of work for the first LCS – PCU Maharaja Lela. Confirming this today in a press conference in Parliament, Defence Minister DSU Mohamad Hasan said work on the first ship will only […]

Defence Contract

BNS Nationalisation Delayed

SHAH ALAM: The nationalisation of Boustead Naval Shipyard – the builder of the LCS – has been delayed for 30 more days or longer as the parties involved need more time to complete the deal. Boustead Heavy Industries Bhd (BHIC) announced the extension of the deal a day after the […]

Public Accounts Committee

PAC and Dewan Rakyat Speaker To Visit BNS

SHAH ALAM: The Public Accounts Committee (PAC) will hold an official work visit to Boustead Naval Shipyard (BNS) in Lumut, Perak with the Dewan Rakyat Speaker Tan Sri Johari Abdul on October 5. The visit was to check on the progress of the Second-Generation Patrol Vessel project or better known […]

Parliament

LCS Costs Is Higher, Part 2

SHAH ALAM: As promised earlier, posted below are the full transcript of the speech by Defence Minister DSU Mohamad Hasan on issues of his ministry at Parliament on September 18. Based on the transcript, there is no need to fix the earlier post. Mohamad in his speech spoke on various […]