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BHIC narrows losses to RM5.2mil, revenue surges in Q1 2025
BHIC narrows losses to RM5.2mil, revenue surges in Q1 2025

New Straits Times

time2 days ago

  • Business
  • New Straits Times

BHIC narrows losses to RM5.2mil, revenue surges in Q1 2025

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) narrowed its net loss to RM5.2 million in the first quarter to March 31 2025 from RM6.7 million a year ago. BHIC's revenue surged to RM44.5 million from RM19.1 million in the same corresponsing quarter in 2024, underpinned by key defence contracts. "The growth was largely driven by continued progress on the Royal Malaysian Navy's Submarine In-Service Support (ISS) 2 programme," BHIC said today. Its In-Service Support for theRoyal Malaysian Air Force's EC725 helicopters, alongside contracts for the supply, maintenance and training related to the navy's Bofors 40MM L70 gun, are expected to contribute to its financial performance. BHIC said the developments reflect its ongoing efforts to strengthen its position in the defence sector while broadening its revenue base. At the recent Langkawi International Maritime and Aerospace Exhibition 2025, BHIC marked a major milestone by signing strategic Memorandum of Understanding with Airbus Helicopters and framework agreements with PT Dirgantara Indonesia and IPTN North America Inc. "These collaborations aim to boost Malaysia's aerospace and defence capabilities and promote greater regional cooperation. "Our improved performance in Q1 FY2025,with a significant increase in revenue and narrowing of losses, demonstrates that we are moving in the right direction," said BHIC chief executive officer Feroz Razi Ramli. "The momentum, underpinned by ongoing defence contracts and strategic collaborations, reinforces our focus on delivering sustainable growth and long-term value under our #BOLD27 strategy," he added. BHIC remains optimistic yet cautious for 2025. To drive future business growth, the group has introduced #BOLD27 - a three-year strategy (2025-2027) focused on strengthening its core defence business while expanding into selected commercial sectors. The strategy prioritises sustainability, profitability and cash flow, aiming to reinforce BHIC's financial resilience and long-term value creation. "These initiatives form part of #BOLD27, BHIC's strategic drive to elevate regional defence collaboration, aerospace integration and industrial self-sufficiency through meaningful partnerships," it said.

Six injured in five-vehicle crash in Langkawi
Six injured in five-vehicle crash in Langkawi

The Star

time24-05-2025

  • The Star

Six injured in five-vehicle crash in Langkawi

To the rescue: One of the injured individuals being carried out after an accident near Simpang Tiga Jalan Teluk Baru in Langkawi. — Bernama ALOR SETAR: Six individuals were injured in an accident involving five vehicles, including a Royal Malaysian Navy truck, near Simpang Tiga Jalan Teluk Baru in Langkawi. Kedah Fire and Rescue Department Senior Fire Superin-tendent I Ahmad Aminuddin Abd Rahim, said that they received a call regarding the incident at 3pm yesterday and arrived at the location five minutes later. 'The Lima Operations Room received an emergency call via the land search and rescue team, informing them of a road accident involving five vehicles, namely a navy lorry and four cars. 'There were 30 victims involved, of whom five men and one woman sustained injuries. One of the victims suffered a neck injury,' he said in a statement yesterday, Bernama reported. He added that more than 40 officers and personnel from the police, navy, Malaysian Civil Defence Force and Health Ministry also assisted in the operation. Meanwhile, the navy said that the three-tonne truck carrying personnel for the Lima'25 Maritime Segment Demonstra­tion lost control and skidded while returning after Friday prayers at Al Ehsan Temonyong Mosque, heading to Resort World Langkawi. 'There were no fatalities, and all 25 personnel involved were taken to the Maritime Segment medical room for initial treatment. Two personnel were taken to Hospital Sultanah Maliha, Langkawi, for further treatment due to leg injuries. 'The navy will establish a board of inquiry to determine the actual cause of the incident. The public is advised not to make any speculation that could interfere with the investigation,' it said. In addition, Langkawi District Police Chief ACP Shariman Ashari confirmed the incident, and further reports regarding the incident will be announced later.

LIMA'25: KD Lekiu, KM Tun Fatimah Remain The Pulse Of The Country's Maritime Defence
LIMA'25: KD Lekiu, KM Tun Fatimah Remain The Pulse Of The Country's Maritime Defence

Barnama

time23-05-2025

  • General
  • Barnama

LIMA'25: KD Lekiu, KM Tun Fatimah Remain The Pulse Of The Country's Maritime Defence

By Nur Syahidayah Mahasan LANGKAWI, May 23 (Bernama) -- In the face of increasingly complex and challenging maritime threats to nations, the Royal Malaysian Navy's (RMN) KD Lekiu and the Malaysian Maritime Enforcement Agency's (MMEA), KM Tun Fatimah remain steadfast in sailing the seas to protect the maritime borders of the country. Despite their different roles and specifications, these two national defence assets still share a common mission, which is to be the backbone of ensuring the security and sovereignty of the country's waters from external threats, as well as monitoring the country's waters. KD Lekiu, with its high combat capabilities, functions as the country's primary defence fortress in the open sea while KM Tun Fatimah strengthens the enforcement of maritime laws and surveillance in coastal areas and the Exclusive Economic Zone (EEZ) which extends up to 200 nautical miles from the coast according to the United Nations Convention on the Law of the Sea. Describing KD Lekiu as the country's number one warship, its Commanding Officer Captain Mahamad Nazer Darus described the country's warship's ability to conduct four-dimensional warfare. "First, subsurface (underwater) warfare where we counter, repel and also search and destroy submarines. Second, surface warfare where we can engage in combat with other surface vessels. "Thirdly, we are capable of repelling attacks from the air with anti-air missiles to destroy enemy aircraft and fourth, electronic warfare where we have electronic support measures and also electronic warfare to repel cyber attacks,' he said. He said this during a media tour of KD Lekiu in conjunction with the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25) at Resort World Langkawi here, which was also opened for the public starting today. Even more amazingly, the 26-year-old KD Lekiu once sailed on a 100-day voyage from Lumut to Hawaii, then back to Lumut covering a distance of 12,730 nautical miles and carrying out various exercises including firing missiles at real ship targets.

Six hurt in Langkawi crash involving TLDM truck, cars
Six hurt in Langkawi crash involving TLDM truck, cars

The Sun

time23-05-2025

  • The Sun

Six hurt in Langkawi crash involving TLDM truck, cars

ALOR SETAR: Six individuals were injured in an accident involving five vehicles, including a Royal Malaysian Navy (TLDM) truck, near Simpang Tiga Jalan Teluk Baru in Langkawi, today. The Front Commander of the Langkawi International Aerospace and Maritime Exhibition (LIMA'25) Operations Room for the Kedah Fire and Rescue Department (JBPM), Senior Fire Superintendent I Ahmad Aminuddin Abd Rahim, stated that they received a call regarding the incident at 3 pm and arrived at the location five minutes later. 'The LIMA Operations Room received an emergency call via the land search and rescue (SAR) team, informing them of a road accident involving five vehicles, namely a TLDM lorry and four cars. 'There were 30 victims involved, of whom five men and one woman sustained injuries. One of the victims suffered a neck injury,' he said in a statement today. He added that more than 40 officers and personnel from the police, TLDM, Malaysian Civil Defence Force (APM), and Ministry of Health (KKM) also assisted in the operation. Meanwhile, TLDM stated in a statement that the three-ton truck carrying personnel for the LIMA'25 Maritime Segment Demonstration lost control and skidded while returning after Friday prayers at Al Ehsan Temonyong Mosque, heading to Resort World Langkawi. 'There were no fatalities, and all 25 personnel involved were taken to the Maritime Segment medical room for initial treatment. Two personnel were taken to Sultanah Maliha Hospital, Langkawi, for further treatment due to leg injuries. 'TLDM will establish a board of inquiry to determine the actual cause of the incident. The public is advised not to make any speculations that could interfere with the investigation,' it said. In addition, Langkawi District Police Chief ACP Shariman Ashari confirmed the incident, and further reports regarding the incident will be announced later.

Six injured in five vehicle pile up, including a TLDM truck in Langkawi
Six injured in five vehicle pile up, including a TLDM truck in Langkawi

The Sun

time23-05-2025

  • The Sun

Six injured in five vehicle pile up, including a TLDM truck in Langkawi

ALOR SETAR: Six individuals were injured in an accident involving five vehicles, including a Royal Malaysian Navy (TLDM) truck, near Simpang Tiga Jalan Teluk Baru in Langkawi, today. The Front Commander of the Langkawi International Aerospace and Maritime Exhibition (LIMA'25) Operations Room for the Kedah Fire and Rescue Department (JBPM), Senior Fire Superintendent I Ahmad Aminuddin Abd Rahim, stated that they received a call regarding the incident at 3 pm and arrived at the location five minutes later. 'The LIMA Operations Room received an emergency call via the land search and rescue (SAR) team, informing them of a road accident involving five vehicles, namely a TLDM lorry and four cars. 'There were 30 victims involved, of whom five men and one woman sustained injuries. One of the victims suffered a neck injury,' he said in a statement today. He added that more than 40 officers and personnel from the police, TLDM, Malaysian Civil Defence Force (APM), and Ministry of Health (KKM) also assisted in the operation. Meanwhile, TLDM stated in a statement that the three-ton truck carrying personnel for the LIMA'25 Maritime Segment Demonstration lost control and skidded while returning after Friday prayers at Al Ehsan Temonyong Mosque, heading to Resort World Langkawi. 'There were no fatalities, and all 25 personnel involved were taken to the Maritime Segment medical room for initial treatment. Two personnel were taken to Sultanah Maliha Hospital, Langkawi, for further treatment due to leg injuries. 'TLDM will establish a board of inquiry to determine the actual cause of the incident. The public is advised not to make any speculations that could interfere with the investigation,' it said. In addition, Langkawi District Police Chief ACP Shariman Ashari confirmed the incident, and further reports regarding the incident will be announced later.

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