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Keeping the rating agencies satisfied

Speakeasy by S.Jayasankaran
EVERYONE’S talking about it and there are, at last count, at least three books on the Greatest Heist of the 21st Century.


BHIC slips to end May low on MinDef's RM147m claim

KUALA LUMPUR: Shares of Boustead Heavy Industries Corp Bhd (BHIC) fell to a low of RM2.10 – the lowest since end-May – on news about the RM147.7mil claim sought by the Defence Ministry (MinDef).


Trading ideas: ML Global, BHIC, UPA, Sealink

KUALA LUMPUR: JF Apex Research expects ML Global, Boustead Heavy Industries Corporation (BHIC), UPA Corporation and Sealink to be among the stocks to watch on Wednesday.


Defence Ministry seeks RM148mil from BHIC subsidiary

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) could take a hit in the event the company fails in its appeal against a liquidated damages claim by the Defence Ministry.


Defence Ministry seeks RM148mil damages from Boustead subsidiary

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) subsidiary Boustead DCNS Naval Corp Sdn Bhd has been hit with liquidated damages claim totalling RM147.7mil from the Defence Ministry with regards to its Scorpene submarines support contract.


BHIC may start work on patrol vessels only late next year

THE construction of six patrol vessels by Boustead Heavy Industries Corp Bhd (BHIC), a maritime engineering and defence-related services provider, may only begin as early as the fourth quarter of next year.


BHIC awarded RM1.31bil job for submarine servicing

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) has been awarded a contract worth RM1.31bil by the Government to service the two Royal Malaysian Navy Prime Minister-class Scorpene submarines.


BHIC earnings dampened by higher project costs

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) posted a net profit of RM18.6mil in the last quarter ended Dec 31, or 24% higher, compared with RM14.97mil made a year ago. Revenue eased to RM163.6mil from RM169.3mil.


French ship builder eyes Asia naval defence market

SINGAPORE French warship builder DCNS said Thursday it's in talks with Asian navies to sell submarines, ships and other naval equipment as the region looks to boost defense spending to protect burgeoning economic interests.


Brazil says negotiating for French fighter jets

BRASILIA: Brazil's president said Monday his country is negotiating with France for the purchase of 36 Rafale combat jets, a sign that Dassault SA is the clear favorite over U.S. and Swedish companies to win the $2 billion-plus contract.