LTAT

More Negative News of LTAT

SHAH ALAM: The Auditor General published its findings of government agencies for the year 2022 and the Armed Forces Fund Board (LTAT) has again hog the lime light, for the wrong reasons. The Edge is reporting that LTAT has consistently reported negative reserve balance since 2020. Apart from this the […]

Defence Contract

FCR For KD Perak, Part 3

SHAH ALAM: Some four weeks after the FCR tender for KD Perak closed, three companies have now been shortlisted for the project. Malaysian Defence previously reported that five days after the closing, Eperolehan website has yet to specify the number of bidders and their bid prices. To recap, in early […]

Defence Contract

LCS Cost Is Higher

SHAH ALAM: IN the previous post on the nationalisation of Boustead Naval Shipyard (BNS), Malaysian Defence speculated that the cost of the project is now RM12.4 billion. This is because Ocean Sunshine Bhd (OSB) – the government owned company set up to take over BNS will be paying the BHIC […]

budget

All Together Now

SHAH ALAM: PMX DS Anwar Ibrahim presented the 12 RMK Mid-year team review at the Parliament yesterday. Among others he announced that the government is committed to spending at least RM90 billion a year from 2023 until 2025 under 12MP. He also said that the government will fully spend the […]

Parliament

LCS In Parliament

SHAH ALAM: In the article the other day on the LCS, Malaysian Defence had to rely on the reported news on what was said in Parliament on June 8. Posted below is the transcript on the exchange on the LCS on that parliamentary session. It must be noted that Deputy […]