SHAH ALAM: Boustead Naval Shipyard (BNS) nationalisation has been delayed again, for the fourth time. Malaysian Defence has expected this as the third deadline for the exercise – BNS being sold to a MOF Incorporated company, Ocean Sunshine Bhd – was on December 31. Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: Boustead Heavy Engineering Corporation Bhd (BHIC) shareholders has voted in favour of all resolutions at its extraordinary general meeting, yesterday. The EGM was held virtually. From New Straits Times: KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) has received shareholders’ approval for the debt settlement amounting to RM417 […]
SHAH ALAM: Boustead Heavy Engineering Corporation Bhd (BHIC) is scheduled to hold an extraordinary general meeting this Friday. Among others the public listed company shareholders will vote the proposed disposal of Boustead Naval Shipyard (BNS) to MOF Incorporated company, Ocean Sunshine Bhd (OSB). The resolutions are likely to be passed […]
SHAH ALAM: Soon to be owned by Ministry of Finance Incorporated, Boustead Naval Shipyard – the builder of the LCS and RMN main workshop – is looking for workers. It is likely the workers are needed not just for the resumption of work for the LCS but for the ship […]
SHAH ALAM: The nationalisation of Boustead Naval Shipyard (BNS) – the builder of the LCS – has been delayed again, for the third time. The new deadline is now December 31, extended from the previous deadline of December 1. I am pretty sure that the process will be delayed for […]
SHAH ALAM: The nationalisation of Boustead Naval Shipyard (BNS) has been delayed yet again. Last month, Boustead Heavy Industries Bhd (BHIC) announced that the deal with the Ministry of Finance Inc. will be delayed. BHIC on November 1 said that the parties “require additional time for the fulfilment of the […]
SHAH ALAM: IT appears that the country’s first submarine – KD Tunku Abdul Rahman – remained operational even as it is due for its second seven-year refit programme. PMX announced in his 2024 budget that the allocation for the Defence Ministry next year include the allocation for the submarine refit […]
SHAH ALAM: Former Defence Minister and Tanah Merah MP DS Ikmal Hisham Abdul Aziz spoke at length on the LCS at Dewan Rakyat on Thursday (October 19). His biggest issue with the LCS project is the fact that Boustead Naval Shipyard (BNS) was still entrusted with the job of completing […]
SHAH ALAML Earlier this week, Defence Minister DSU Mohamad Hasan told Parliament that the first LCS – PCU Maharaja Lela – will be delayed by a few months due to the ongoing process of nationalisation of the builder, Boustead Naval Shipyards (BNS). His deputy – Adly Zahari – on Thursday […]
SHAH ALAM: The delay in nationalisation of Boustead Naval Shipyard (BNS) is also causing a delay in resumption of work for the first LCS – PCU Maharaja Lela. Confirming this today in a press conference in Parliament, Defence Minister DSU Mohamad Hasan said work on the first ship will only […]
Malaysian Defence
