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Myanmar protests stall fuel imports, drive up costs
SINGAPORE (Reuters): Myanmar's refined fuel imports have stalled as protests over the military coup have shut banks and government offices, while a depreciation of its currency has driven up costs, five industry sources said.
Boustead’s new boss to tackle challenges head on
AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.
LTAT on strategic transformation of assets
LEMBAGA Tabung Angkatan Tentera (LTAT), which scuttled the potential privatisation of Boustead Holdings Bhd, said the change of events were the primary reason why it abandoned the takeover deal.
Uncertainties forced LTAT to scrap Boustead privatisation
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) decided to scrap the privatisation of Boustead Holdings due to prolonged uncertainties of Covid-19 pandemic and its effects on the key business and also the littoral combat ships (LCS) issue.
A reunion of sorts for Aidil as Kedah face his former club
ALOR SETAR: It will definitely be a sentimental reunion for Kedah head coach Aidil Sharin Sahak after his team were drawn to meet his former club, Lion City Sailors (LCS) of Singapore in Group H of the 2021 Asian Football Confederation (AFC) Cup competition.Vietnam, Saigon FC and the winners of the second playoffs will complete Group H following the draw held in Kuala Lumpur on Wednesday.
Zahid to give full cooperation on PAC probe into combatant ship project
PETALING JAYA: Datuk Seri Dr Ahmad Zahid Hamidi has said he will give his full cooperation to assist the Public Accounts Committee (PAC) into their investigation over the RM9bil supply of six littoral combatant ships (LCS) to the Defence Ministry.
Zahid, others to be summoned by PAC over LCS purchase
SEVERAL individuals, including former defence minister Datuk Seri Ahmad Zahid Hamidi, will be summoned by the Public Accounts Committee (PAC) over the acquisition of several Littoral Combat Ships (LCS) costing RM9bil.
PAC to question Zahid and others over RM9bil combat ship project
KUALA LUMPUR: Several individuals, including former defence minister Datuk Seri Ahmad Zahid Hamidi, will be questioned by the Public Accounts Committee (PAC) over the RM9bil littoral combatant ship project (LCS), says Wong Kah Woh.
Xinhua Asia-Pacific news summary at 1600 GMT, Sept. 30
JAKARTA -- Governor of People's Bank of China Yi Gang and his Indonesian counterpart Perry Warjiyo have agreed to establish cooperation on local currency settlement (LCS), according to the Indonesian central bank, Bank Indonesia.
‘Ministry did not impose late charges over delivery of LCS 1’
PETALING JAYA: The Defence Ministry did not impose liquidated damages or late charges of RM116.54mil on the company that was supposed to deliver the littoral combat ship (LCS) 1, said the 2019 Auditor-General’s Report.
