SHAH ALAM: More on the LCS. It has become apparent that the LCS project is the actual never-ending story. Thanks to questions in Dewan Negara or Senate we now know more about the project. Deputy Defence Minister Adly Zahari answering the questions on the floor stated that since the government […]
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: It appears as part of its privatisation exercise of Boustead Holdings, Lembaga Tabung Angkatan Tentera (LTAT) is looking at whether it is feasible to divest from the defence business, The Edge quoted LTAT CEO Nazim Abdul Rahman. He said as part of the LTAT transformation they will need […]
SHAH ALAM: Lembaga Tabung Angkatan Tentera (LTAT) – the Armed Forces Provident Fund – today announced a dividend of five per cent with a total pay-out of RM476.45 million for its 122,935 contributors in 2022. This is comparable to the 5.3 per cent dividend for conventional savings for 2022 as […]
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: Another Boustead company facing issues. Pharmaniaga Bhd, a listed company in Bursa Malaysia and a subsidiary of Boustead Holdings which in turn majority owned by Lembaga Angkatan Tentera Malaysia (LTAT) – the Armed Forces Provident Fund – reported losses for the 2022 fiscal year. This pushed the company […]
Malaysian Defence