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: ST Engineering Marine Ltd is expected to deliver the first of six Multi-Role Combat Vessels (MRCV) to the Republic of Singapore Navy (RSN) by 2028, it was announced on March 27. Singapore Technologies Engineering Ltd (ST Engineering) announced that its subsidiary, ST Engineering had received the contract for […]
SHAH ALAM: It appears as part of its privatisation exercise of Boustead Holdings, Lembaga Tabung Angkatan Tentera (LTAT) is looking at whether it is feasible to divest from the defence business, The Edge quoted LTAT CEO Nazim Abdul Rahman. He said as part of the LTAT transformation they will need […]
SHAH ALAM: In a post earlier on LMS Batch 2, Defence Minister DSU Mohamad Hasan was reported as saying that he will be going to Turkiye to negotiate the procurement of the LMS Batch 2 from that country. He was speaking in Parliament as part of the 2023 budget approval […]
SHAH ALAM: LMS Batch 2, Its Turkiye. Defence Minister DSU Mohamad Hasan told Parliament today that he will be going to Turkiye soon to negotiate the procurement of the Littoral Mission Ship Batch 2. He said that the Prime Minister had ordered him to go Turkiye to speak with his […]
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 […]
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: In an earlier article, Malaysian Defence posted that the international settlement agreement has reached an impasse as the Defence Ministry was not keen on issuing a letter of indemnity to one of the parties involved. This was based on a report from the Edge. Based on the Parliament’s […]
SHAH ALAM: Despite the claims by Defence Minister DSU Mohamad Hasan that the first LCS will be completed by late next year, his latest statement in Parliament showed that it might not be the case. He told Parliament yesterday that a third party (likely one of the international companies involved) […]
Malaysian Defence
