Tenth Malaysian Plan, Part Three and NGPV

KUALA LUMPUR: I did not mention it but someone did and its obvious that even if we lacked the money, the PV second batch would probably get the nod in the official Tenth Malaysian Plan.

Its not that its the sole locally sourced defence item but theres other forces in hand that will tilt towards the project although RMN continue to have misgivings about the first batch. Its a pity really, we could have done better but spending around RM6 billion for a batch of lemons is simply pathetic. The prospect of spending another RM6 billion for another six is ridiculous even it is for the right reasons….

Further reading

From Bernama.
LTAT To Pay Out RM597.9 Mln In Dividends, Bonus

KUALA LUMPUR, March 13 (Bernama) — Lembaga Tabung Angkatan Tentera (LTAT) will pay out a dividend of seven percent, three percent bonus and an additional six percent special bonus in the form of trust shares to active unitholders for the year 2008.

Prime Minister Datuk Seri Abdullah Ahmad Badawi today said the total dividends and bonus paid for the year will amount to 16 percent, which will be equivalent to the year before.

Abdullah, who is also Defence Minister said that the payment to be made will amount to RM597.9 million, or 8.3 percent higher than the RM552.2 million the year before.

For the year ended Dec 31, 2008, LTAT’s gross profit was up 2.3 percent at RM631.4 million compared with RM616.9 million in 2007.

“This achievement is the highest since the Asian financial crisis in 1997 and the second highest since LTAT was set up with the earlier achievement of RM697.6 million seen in 1996,” he said in a statement here today.

LTAT’s total accumulated assets as at December 31 last year meanwhile increased by eight percent to RM7.2 billion and contributor funds stood at RM4.8 billion with a total of 116,000 contributors.

Abdullah said LTAT recorded a commendable performance despite an uncertain year due to the global economic downturn.

“This shows that the government’s policies and actions to counter the economic downturn have had given some positive effects to the country’s economy.”

He said the performance was also due to LTAT’s strategic and careful investments as well as its prudent management.

At group level, its pre-tax profit for the year ended Dec 31, 2008 was RM1.4 billion, similar to the previous year’s achievement.

Apart from the profit from LTAT’s own operations, the profit also came from its agencies and subsidiary companies.

Abdullah said LTAT has been able to provide various benefits and facilities to contributors.

These include the e-Kiosk for contributors to get their account details, a contribution of RM3.8 million to 4,476 children of the members of the Armed Forces of Malaysia and the repayment of contributions amounting to RM492.7 million to 4,609 contributors who had completed their services and housing withdrawals amounting to RM16.2 million to 2,984 contributors.

LTAT also paid out RM4.5 million under the Death and Loss of Ability Scheme, contributed RM395,950 as incentives for excellence in education for 562 children of members of the Armed Forces successful in their PMR and SPM, and also contributed RM270,000 to the Ex-Servicemen Association Malaysia as contribution for the Hari Pahlawan 2008 campaign fund.

Besides that, LTAT also gave a financial assistance of RM248,912 through the Yayasan Warisan Perajurit to 66 disabled ex-servicemen; offered low cost and medium cost housing to qualified members of the armed forces; and contributed RM75,000 to Tabung Kebajikan Angkatan Tentera for Hari Raya gift packages for armed force members on duty during the Hari Raya Aidilfitri celebrations.

— BERNAMA

-Malaysian Defence

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14 Comments

  1. Something totally off topic here – The ‘Dili Insider’ has reported that 32 Handalans were donated to E. Timor in 2005 and 200 HK33s in 2004. It appears that the HK33s ended up in the hands of the mutiners. There is also mention of Deftech testing an AFV there. I believe its the AV4.

    Anyone knows what the ROMAN DIFAS [Pestaka Astana] lorries are used for?

    Marhalim: Yes, Deftech donated the trucks and in DSA 2006 they signed an MOU with the East Timorese for the upkeep. I do not know the current status of the Roman Difas trucks at the moment but I have seen a few dumped at the Sg Besi camp motor pool a few years back. Some of Astana pestaka trucks I believe is used as the tractor for the Jernas system.

  2. Was going through some old DSA 2007 write ups. Came across something about SME getting a contract for 150,000 grenades. Anyone know if these are a local version of a foreign design?

  3. Even if those six are “lemon” and which i agree they are. I would rather for the 2nd batch to be coninued rather that the 2 Jebat figate 2 at sabah shp yard. That will be another bigger mess. At least Bousted have proven themselves capable of salvaging the projects that was bludgeoned to death by the previous owner of PSC. Plus it already gone through the growing pain and the necessary infrastructure in terms of vendor and support line (though they may be cronies).

  4. Just read the January Airforces Monthly

    MMEA AW139 heli’s X3 confirmed buy – More than 200Mil USD

    Proposed 12X Cougar for TUDM – 477Mil USD

    Each MMEA heli cost as much as 2 Cougars and no one makes a fuss about it.

    It seems that MMEA buys is not even scrutinised by the parliment…

    Marhalim: Otherwise they wouldnt have got the CL-415….

  5. Some small arms questions….
    Why were the HK33s unpopular?
    Not sure if true but heard that Bereta rifles were issued in the 70s orearly 80s?
    What was offered to replaced the Steyr besides the M4? Where trials conducted?

    Marhalim: I love the 33s as it was the first AR I ever fired, it was tough to charge however for a 15 year -old scrawny kid. I do not know whether it was because it was unpopular or not or it was to do with the arrival of the M16A1s. on the Beretta AR, one pristine example is displayed at the Askar Melayu muzium at PD. I asked the caretaker when it was issued, the answer was in the late 70s to replace the SLR. My father who was in the Askar Melayu also cannot remember when exactly the Beretta was issued or whether it was replaced first by the HK first before they switched to the M16s.

    As far as I know there was no RFI/RFP to find the replacement of the Steyr. I believe it was a proposal made by SME which was sweetened by the local production. There was a trial conducted after the announcement of the decision to go with the M4 after DSA 2006.

  6. Any information regarding free fall ordnance carried by the Hawks and Hornets? The Skyhawks had the M-20 Rockeye, but I’m not sure if the photo of a CBU being released by a Hawk 200 is an M-20.
    At the ATM expo, there was a retarded version of the Mk82 for the Hornet. Since the Hornets entered service, numerous reports have included the Paveway 2 as being bought. Though no photo of the Paveway has been released we know that PASKAU has laser designators and that Pakistan received a Malaysian order for 20 laser designators at DSA 08.

  7. Only about 7000 Berettas were acquired before it was decided to go with the 33 so they were never universal. M4 was direct nego with SMEO and used the final tranche allocated for the AUG after the SMM debacle.

  8. do anyone know about new Boeing stealth plane F-15SE(silent eagle)??

    Marhalim: From Boeing Press release:

    Boeing Unveils New International F-15 Configuration — the F-15SE

    ST. LOUIS, March 17, 2009 — The Boeing Company [NYSE: BA] today in St. Louis unveiled the F-15 Silent Eagle (F-15SE), a new F-15 configuration designed to meet the future needs of international customers.

    “The F-15 Silent Eagle is designed to meet our international customers’ anticipated need for cost-effective stealth technologies, as well as for large and diverse weapons payloads,” said Mark Bass, F-15 Program vice president for Boeing. “The innovative Silent Eagle is a balanced, affordable approach designed to meet future survivability needs.”

    Improvements in stealth include coatings and treatments on the aircraft. With the added advantage of redesigned conformal fuel tanks (CFTs) that allow for internal weapons carriage, the Silent Eagle becomes a very attractive fighter for Boeing’s international customers.

    Depending on the specific mission, the customer can use the CFTs that are designed for internal carriage or change back to the traditional CFTs for optimum fuel capacity and external weapons carriage. The Silent Eagle will be able to internally carry air-to-air missiles such as the AIM-9 and AIM-120 and air-to-ground weapons such as the Joint Direct Attack Munition (JDAM) and Small Diameter Bomb (SDB). The standard weapons load used on current versions of the F-15 is available with the traditional CFTs installed.

    The aircraft’s canted vertical tails improve aerodynamic efficiency, provide lift, and reduce airframe weight. Another aerodynamic improvement is the Digital Flight Control System, which improves the aircraft’s reliability and reduces airframe weight.

    Survivability improvements include a BAES Digital Electronic Warfare System (DEWS) working in concert with the Raytheon Advanced Electronic Scanning Array (AESA) radar.

    Boeing has completed a conceptual prototype of the CFT internal-carriage concept, and plans to flight-test a prototype by the first quarter of 2010, including a live missile launch.

    The design, development, and test of this internal carriage system are available as a collaborative project with an international aerospace partner.

  9. may be we can use it to counter JSF~if we can finance the cost~

    Marhalim: The S300 will be a much better option to counter JSFs…..

  10. how much battery we need to counter JSF?how about radar cost???

    Marhalim: with the current Jernas set-up we may need at least 50 launchers with radar and awacs. We will go bankrupt if we go this route. As for Patriot PAC 3, we need at least 4 four battalions each in Semenanjung and Sabah and Sarawak. Cost? Up to Rm40 billion for the SAM system alone although we may dispense with the awacs.

    For the S300/S400 combo we need at least four battalions, 2 in Semenanjung and Two in Sarawak. Cost? Around USD3 billion tops with reloads.

  11. i hear the our neighbour say that the S300/S400 radar is lack although the missile is very agressive.is that true?we need more $$$ to finance the awacs and the SAM battery.anyway it is all depend to the politican to make a decision.

    Marhalim: To the contrary reports suggests that its even better than the latest Aegis and Patriots. And apparently only the F-22 has the stealth features to avoid it…..F-35s are supposed to mincemeat…..thats why the Japanese, Aussies and the Israeli are angry with the US F-22 export ban…..

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