SHAH ALAM: National Security Sector 2023 budget or no funds for the needy. The government has allocated some RM35.6 billion to the national security sector – national security and defence – from the 2023 budget which amounted to RM372 billion. The defence budget is RM17.4 billion; 0.47 per cent of […]
SHAH ALAM: The taxman winding up NGPC builder. The Inland Revenue Board (IRB) is winding up Destini Shipbuilding and Engineering Sdn Bhd (“DSBE”), the builder of MMEA’s Bagan Datuk class patrol boats. Destini Bhd – the parent company of DSBE – made public the IRB’s winding up petition in an […]
SHAH ALAM: Leonardo at DSA 2022. At DSA Leonardo’s main focus will be on maritime security requirements, promoting its solutions based on the latest technology such the ATR 72MP patrol aircraft, equipped with Leonardo’s ATOS surveillance mission system, which offers a user-friendly ‘mission tactical picture’ by fusing data collected by […]
SHAH ALAM: MMEA’s OPVs delayed. Home Minister DS Hamzah Zainuddin has confirmed that the MMEA’s three OPVs built by TH Heavy Engineering Bhd are delayed, though he did not reveal the new deliveries dates for them. Hamzah was reported by Bernama as saying that the first OPV – Tun Fatimah […]
SHAH ALAM: Veteran shipbuilder Ahmad Yusof Mohamad,65, has been appointed as the chief executive officer of TH Heavy Engineering Bhd (THHE) effective February 1, the company, a subsidiary of Urusharta Jamaah Sdn Bhd announced in a statement. NST reported that THHE said as an independent non-executive director since March 2021 […]
SHAH ALAM: TH Heavy in a pickle. If you read the local business pages, you will be aware that TH Heavy Engineering (THHE) Sdn Bhd, is likely to be delisted from Bursa Malaysia. In fact the shares of THHE have been suspended from the Bursa since December 10. It would […]
SHAH ALAM: Motherships for the Marine police. A tender for two 60 meter motherships for the Marine police are expected to be announced soon, its commander Deputy Commissioner Mohd Yusoff Mamat said on July 7. The motherships will be tasked to support patrol boats in Malaysian waters, he added. The […]
SHAH ALAM: Delays to the MMEA OPV. Destini Bhd which had divested itself from the MMEA OPV project in April this year has in its 2020 annual report explained what happened to the project. The company said the Covid 19 pandemic was partly responsible for the delays. Destini sold its […]
SHAH ALAM: THHE buys Destini’s shipbuilding venture. Urus Jemaah Sdn Bhd subsidiary, THHE Bhd is buying its partner Destini Bhd’stake in a ship building company for RM121,131. The company is of course the one building the MMEA’s OPV. Malaysian Defence had previously reported on this before. From The Star: “The […]
SHAH ALAM: Delivery dates for MMEA OPV extended to 2022. Destini Bhd today announced that the government had agreed to extend the delivery dates of the three OPVs being built by the THHE/Destini joint venture. This means that the first OPV – Tun Fatimah- will only need to be delivered […]
Malaysian Defence
