SHAH ALAM: The Public Accounts Committee (PAC) will hold an official work visit to Boustead Naval Shipyard (BNS) in Lumut, Perak with the Dewan Rakyat Speaker Tan Sri Johari Abdul on October 5. The visit was to check on the progress of the Second-Generation Patrol Vessel project or better known […]
SHAH ALAM: As promised earlier, posted below are the full transcript of the speech by Defence Minister DSU Mohamad Hasan on issues of his ministry at Parliament on September 18. Based on the transcript, there is no need to fix the earlier post. Mohamad in his speech spoke on various […]
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 […]
SHAH ALAM: Boustead Heavy Industries Corporation Bhd (BHIC), the heavy industry arm of Boustead Holdings Bhd, is selling its entire stake in Boustead Naval Shipyard Sdn Bhd (BNS) – the builder of the LCS – for RM1 – to Ocean Sunshine Bhd (OSB). OSB is an indirect unit of Minister […]
LANGKAWI: The cost for the five-ship LCS project has been bumped up for around RM2 billion more. The figure was released by Boustead Heavy Industries Corporation Sdn Bhd (BHIC) in a Bursa Malaysia announcement today (May 26). The cost for the five ships is now RM11.2 billion compared to RM9.1 […]
SHAH ALAM: Boustead Heavy Engineering Corporation (BHIC) announced today that it has been awarded two contracts with a combined value of RM140.06 million from the Defence Ministry. According to its filing with Bursa Malaysia, its wholly owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES) was awarded the two separate […]
SHAH ALAM: For the third day running (April 4 to 6), Dewan Negara debated on Defence Ministry issues. And for the second day running (April 5 to 6), it was about the LCS project. Defence Minister DSU Mohamad Hasan was in parliament yesterday to answer questions from the senators. It […]
SHAH ALAM: Boustead Heavy Industries Corp Bhd (BHIC) has appointed Feroz Razi Ramli, 45 as its new chief executive officer. Feroze replaces Sharifuddin Zaini Al-Manaf, 53, who completed his tenure as CEO after holding the post since April 1, 2020, the group said in a bourse filing on March 31. […]
SHAH ALAM: More details on BNS/BHIC legal woes. As part of its annual report, Boustead Heavy Industries Corporation Bhd, the publicly listed engineering subsidiary of Boustead Holdings Bhd, published the legal actions taken against the company for its shipbuilding activities. The shipbuilding activities is undertaken by its associate company, Boustead […]
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 […]
Malaysian Defence
