SHAH ALAM: The Star newspaper is reporting that the MACC – the nation graft buster – was on the verge of pressing charges against several individuals over the LCS case. It quoted the MACC Commissioner TS Azam Baki as saying that the they were recommending charges against several individuals. From […]
SHAH ALAM: The CEO of LTAT (the Armed Forces Provident Fund) Datuk Ahmad Nazim Abdul Rahman in an interview with the Edge business daily has brushed aside the criticism over the LCS project even saying that the ships cost were comparable with the ones bought by Egypt and UAE. The […]
SHAH ALAM: Comfortably Numb. The government, according to Defence Minister DS Ismail Sabri, decided to allow the resumption of the Littoral Combat Ship (LCS) project to protect the interest of the workers and companies and also the RMN. He said the continuation of the construction of the ships would save […]
SHAH ALAM: Boustead sues former big-wigs. Boustead Holdings Bhd had file a suit against its former chairman, former managing director and four other directors “for purported breach of fiduciary duty and is seeking jointly from them a sum of £6.4 million (RM35.37 million current value), according to the Edge newspaper. […]
SHAH ALAM: LTAT Mulls Boustead Privatisation. The Armed Forces Fund Board (LTAT) the controlling shareholder of Boustead Holdings Bhd (BHB), is mulling plans to delist the publicly listed company. However there is no indication whether it will also do so for Boustead’s subsidiary company, Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: Boustead gets new chairman. Boustead Holdings Bhd has appointed former Johor MB Khaled Nordin as its new chairman, effective on May 1. Khaled’s appointment was announced by Boustead on April 30. In its release, Boustead stated that Khaled was appointed as a non-independent, non executive chairman of the […]
SHAH ALAM: Changes at Boustead. On April 8, this year, DS Amrin Awaluddin was appointed MD of Boustead Holdings, the public listed company controlled by the Lembaga Tabung Angkatan Tentera (LTAT). He replaced TS Che Lodin Wok Kamaruddin, who resigned from Boustead on Dec. 31, 2018. Boustead’s subsidiary Boustead Heavy […]
SHAH ALAM: LMS price reduction. It appears that the review of defence contracts announced by Defence Minister Mohammad Sabu shortly after being appointed in May, 2018, has been completed and the first one to be made public, is apparently the deal for the four LMS for the RMN. The price […]
SHAH ALAM: The Defence Ministry is seeking liquidated damages totalling RM147.7 million from Boustead Heavy Industries Corp (BHIC) Bhd subsidiary, Boustead DCNS Naval Corp Sdn Bhd, for breaching its Scorpene submarines support contract. In a filing to the Bursa Malaysia on July 11, BHIC says Boustead DCNS, received a letter […]
SHAH ALAM: THE PDRM is supposed to get the allocation to procure a number of giant patrol vessels, according to a report by Bernama on Tuesday. Well at least in the Bahasa Malaysia version of that report, as the English one say: Giant Patrol Vehicles! The reports quoted PDRM director […]
Malaysian Defence
