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KUALA LUMPUR: The acquisition of the Second Generation Patrol Vessel Littoral Combatant Ships (SGPV-LCS) was not made through open tender because it was a continuity of the privatisation agreement signed between the Government and Boustead Naval Shipyard Sdn Bhd (BNS) on Dec 11, 1995, Parliament was told Tuesday.
KUALA LUMPUR (Bernama): Boustead Holdings Berhad has filed a suit against its former chairman Tan Sri Mohd Ghazali Che Mat, its ex-managing director Tan Sri Che Lodin Wok Kamaruddin and four others for alleged breach of fiduciary duty under the Companies Act.
KUALA LUMPUR: The Malaysian Navy will be sending 12 men and nine officers from the Boustead Naval Shipyard Sdn Bhd to Wuhan, China, to monitor the construction of the Littoral Mission Ships (LMS).
Boustead Naval Shipyard Sdn Bhd, which has successfully delivered four out of six patrol vessels to the Royal Malaysian Navy (RMN), may secure a multibillion-ringgit deal to build six similar vessels for the Government.
KUALA LUMPUR: Several union presidents of prominent government-linked companies (GLCs) are demanding to know why their employers are deferring implementing the new minimum retirement age until 2014.