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: Going, going, gone? Last January 19, the Defence Ministry announced it had cancelled five contracts for “supply, services, and infrastructure projects”. It did not identify the contracts though but stated that it will implement the projects via a tender process. Checks with industry sources only revealed one of […]
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 […]
SHAH ALAM: Early this month, Malaysian Defence wrote about the Army sending a company from 9th Royal Malay Regiment (Para) to the United Arab Emirates for Desert Tiger Exercise 6/2023. Yesterday, the King and UAE president Sheikh Mohammed Zayed Al Nahyan were present at the closing ceremony of the exercise,held […]
SHAH ALAM: In the article on the unapproved 2023 budget put forward by the previous government, Malaysian Defence wrote that the RM25.3 million was allocated in the Defence Ministry funds for organising Lima 2023, scheduled for this May 23 to 27. As the Transport Ministry is jointly organising the show […]
SHAH ALAM: Back in July last year, the Army’s Logistics Headquarters floated a quotation notice for the supply and delivery of non-scale clothing (pakaian bukan skala), digital combat boots. It is unclear why the notice stated that the boots are non-scale clothing. The notice stated that the 1111 pairs should […]
SHAH ALAM: For those still not believing that the RMAF FLIT-LCA competition was won by Korean Aerospace Industries (KAI) T/FA-50, Deputy Defence Minister Adly Zahari today confirmed the story. For the record, Malaysian Defence has on various posts had stated/indicated that the Golden Eagle had been selected by RMAF. And […]
SHAH ALAM: On the same day, that Korean Aerospace Industries (KAI) announced it had won the FLIT-LCA tender for the RMAF, Singapore Defence Minister Ng Eng Hen announced it was buying eight Lockheed Martin F-35B Lightning II stealth fighter adding to the four it had already procured. Ng told Singapore […]
SHAH ALAM: Prime Minister DS Anwar Ibrahim announced that the LMS Batch 2 will be procured with funds from the 2023 national budget, he tabled in Parliament (February 24) today. He did not say how many ships will be funded, but RMN had stated previously, it wanted at least three […]
SHAH ALAM: Korean Aerospace Industries (KAI) has won the tender to supply 18 FLIT-LCA to the RMAF, South Korean news agency, Yonhap reported today. From Yonhap: SEOUL, Feb. 24 (Yonhap) — Korea Aerospace Industries, Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Friday it has won a 1.2 trillion-won (US$920 […]
Malaysian Defence
