SHAH ALAM: How much do you pay for a money losing shipyard? In the case of the Lumut Naval Shipyard Sdn Bhd (Lunas), a MOF-owned company – Ocean Sunshine Bhd (OSB) or Malaysian taxpayers – is paying RM334.73 million in cash for that privilege of owning just 20 per cent […]
SHAH ALAM: In his testimony to the Public Accounts Committee (PAC) in January this year, Defence Ministry secretary-general DS Isham Ishak said that the first LCS – PCU Maharaja Lela – is expected to be put into water (down slip) on schedule this May. That said, he said a slight […]
SHAH ALAM: Despite Public Accounts Committee (PAC) chairperson Mas Emieyarti Samsudin statement last month that the committee was shocked and worried about the delays into the LCS, it appears that it was much ado about nothing. The PAC report which was made public today revealed that the LCS project had […]
SHAH ALAM: It appears that RMN will be taking part in the 2024 RIMPAC exercise in Hawaii, later this July. Two years ago, corvette KD Lekir – pennant 26 – took in the exercise and made history by firing an Exocet surface-to-surface missile, the first time such firing had taken […]
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 […]
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 […]
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: […]
Malaysian Defence
