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Malaysia’s Boustead sees profits tumble in 2017

2018-02-28 janes
Malaysian company Boustead Heavy Industries Corporation (BHIC) has partly attributed annual declines in revenues and profits to the country’s falling defence budget. (6-0)

Petronas paints a sombre picture on the oil and gas industry

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has painted a sombre picture on the oil and gas (O&G) industry, stating that the requirement for assets such as rigs would be half from three years ago. (8-0)

Malaysia’s Boustead posts a fall in profits

2017-11-16 janes
Malaysian group Boustead Heavy Industries Corporation (BHIC) has posted a decline in profits and flat sales during the third quarter of 2017, it said on 15 November. (6-0)

Breakfast briefing: Thursday, November 16

MarketWatch: US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal. The DJIA fell 138.19 points, or 0.59%, to close at 23,271.28, the S&P 500 .SPX ended down 0.55% at 2,564.62 and the Nasdaq dropped 31.66 points, or 0. (42-0)

Defence and security-related jobs to make up big part of BHIC’s business

Executive deputy chairman and managing director Tan Sri Ahmad Ramli Mohd Nor said the group is making concerted efforts to expand its portfolio by pursuing potential job contracts with the Royal Malaysian Police and Malaysian Maritime Enforcement Agency, apart from foreign parties. (2-0)

Boustead and Rheinmetall to form Malaysian joint venture

2017-08-18 janes
Malaysian company BHIC Defence Technologies (BHICDT), a subsidiary of Boustead Heavy Industries Corporation (BHIC), has signed a joint venture (JV) agreement with RD Investment AG (RDI), a firm owned by Rheinmetall Defence.

Boustead posts sales decline but defence ambitions remain strong

2017-08-10 janes
Malaysian group Boustead Heavy Industries Corporation (BHIC) has reported a decline in revenues and profits during the second quarter of 2017, it said on 9 August.

Malaysia’s MINDEF claims damages in submarine contract

2017-07-12 janes
Malaysian group Boustead Heavy Industries Corporation (BHIC) has said its joint venture (JV) with French shipbuilder Naval Group (formerly DCNS) has received a claim from the Malaysian Ministry of Defence (MINDEF) for damages in a contract to support the Royal Malaysian Navy’s (RMN’s) Scorpene submarines.

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.

Boustead Heavy Industries indirect unit gets liquidated damages claim from defence ministry

2017-07-11 themalaymailonline
File picture shows an employee looking at the propeller of a Scorpene submarine at the industrial site of the naval defence company and shipbuilder DCNS in La Montagne near Nantes, France, April 26, 2016. — Reuters pic KUALA LUMPUR, July 11 — Boustead Heavy Industries Corp Bhd’s (BHIC) indirect unit, Boustead DCNS Naval Corp Sdn Bhd (BDNC), has received a letter from the Ministry of Defence claiming against BDNC a liquidated damages amounting to RM53.

Defence Ministry seeks RM148mil damages from Boustead’s subsidiary

Tags / Keywords: Corporate News , Government , Boustead Heavy Industries Corp Bhd , Defence Ministry

LIMA 2017: China Shipbuilding considers move to expand in Malaysia to support LMS contract

2017-03-22 janes
China Shipbuilding and Offshore International - the international trading arm of the state-owned China Shipbuilding Industry Corporation (CSIC) - is contemplating setting up an office in Malaysia to support the country's programme to build littoral mission ships (LMS) for the Royal Malaysian Navy (RMN), a company spokesman told Jane's at the LIMA 2017 exhibition in Langkawi.

KLCI to trend higher riding on current momentum

2017-03-21 theedgemarkets
KUALA LUMPUR (March 21): The FBM KLCI is expected to trend higher today, riding on its current momentum with support pegged  at 1,738 points.

Lacklustre start for KLCI in line with region

2017-02-27 theedgemarkets
KUALA LUMPUR (Feb 27): The FBM KLCI started off on a lacklustre note this morning in line with the lukewarm investor sentiment at most regional markets.