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Bayan Baru MP Sim apologises to Boustead Holdings

GEORGE TOWN: Bayan Baru MP Sim Tze Tzin tendered an apology in the High Court to Boustead Holdings Bhd, who then withdraw its defamation suit against him on Thursday.

Boustead to get RM20mil

GEORGE TOWN: Boustead Holdings Bhd will get RM20mil as compensation for scaling down the height of its proposed hotel at the Unesco World Heritage site here.

Naval vessels purchased through agreement with Boustead

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.

Navy ship KD Perantau sinking at Lumut base

LUMUT: A Royal Malaysian Navy (RMN) vessel has taken in a lot of water and is listing heavily to port in the Boustead Naval Shipyard (BNS) docks at the naval base here.

Navy group to monitor Littoral Mission Ships project in China

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).

MP says sorry for defaming firm

GEORGE TOWN: Bayan Baru MP Sim Tze Tzin has apologised in the High Court to Boustead Holdings Bhd for making defamatory remarks against it.

Firm may get deal for more ships

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.

Penang reclamation deal off

GEORGE TOWN: The Penang Go­­vernment will not proceed with land reclamation along the Bayan Lepas coastal area with Boustead Holdings Bhd after public consultation.

Give rationale for deferment of implementing new retirement age, GLCs urged

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.

CM to reveal deal soon

GEORGE TOWN: The state government is in 'advanced stage of negotiations' with Boustead Holdings Bhd over its compensation claim to reduce the height of its proposed hotel at the heritage zone here.