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Lumut Naval Shipyard
Lumut Naval Shipyard (LUNAS) is a shipbuilding company owned by Malaysia. This company is located in Lumut, Perak which is one of the Royal Malaysian Navy (RMN) bases and has several other shipyards throughout Malaysia. The main business of LUNAS is the maintenance and manufacturing of ships as well as the construction of heavy engineering structures and offshore structures. History This company operated in 1984 and was known as the Royal Malaysia Navy Dockyard. The company was later incorporated in 1991 and privatized in 1995 as PSC-Naval Dockyard. In 2005, the management and financial crisis that happened to this company caused this company to be taken over by Boustead Holdings and named as Boustead Naval Shipyard (BNS). BNS was then placed under Boustead Holdings subsidiary Boustead Heavy Industries Corporation Boustead Heavy Industries Corporation Berhad, () often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lumut, Perak
Lumut is a coastal town and mukim in Manjung District, Perak, Malaysia, situated about southwest of the state capital city of Ipoh, north from the town of Sitiawan. It is the main gateway to Pangkor Island before established Marina Island Pangkor as second gateway, and noted for seashell and coral handicrafts. This once little-known fishing town has since become the home base of the Royal Malaysian Navy and the site of the biggest naval shipbuilder in Malaysia, Boustead. Toponymy Lumut in Malay means moss, lichen, or seaweed. In its early days, the beach was said to be rich in moss, so the local people called it Lumut. History Lumut has a sheltered jetty. A large Hockchew community moved from there to Sitiawan. The estuary was formerly characterized by damp mossy soils on reddish earth. Tin and lumber were transported there by elephants and sampans, from as far away as Kinta. It was once part of the Straits Settlements by virtue of the Pangkor Treaty of 1874 until it wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Mainland Southeast Asia, Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime Malaysia–Thailand border, borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, List of cities and towns in Malaysia by population, largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government, while Putrajaya is the federal administrative capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipbuilding
Shipbuilding is the construction of ships and other Watercraft, floating vessels. In modern times, it normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Until recently, with the development of complex non-maritime technologies, a ship has often represented the most advanced structure that the society building it could produce. Some key industrial advances were developed to support shipbuilding, for instance the sawing of timbers by Saw#Mechanically powered saws, mechanical saws propelled by windmills in Dutch shipyards during the first half of the 17th century. The design process saw the early adoption of the logarithm (invented in 1615) to generate the curves used to produce the shape of a hull (watercraft), hull, especially when scaling up these curves accurately in the mould Lofting, loft. Shipbuilding and ship repairs, both commercial an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perak
Perak (; Perak Malay: ''Peghok'') is a States and federal territories of Malaysia, state of Malaysia on the west coast of the Malay Peninsula. Perak has land borders with the Malaysian states of Kedah to the north, Penang to the northwest, Kelantan and Pahang to the east, and Selangor to the south. Thailand's Yala Province, Yala and Narathiwat Province, Narathiwat provinces both lie to the northeast. Perak's capital city, Ipoh, was known historically for its tin-mining activities until the price of the metal dropped, severely affecting the state's economy. The royal capital remains Kuala Kangsar, where the palace of the Sultan of Perak is located. As of 2018, the state's population was 2,500,000. Perak has biodiversity, diverse tropical rainforests and an equatorial climate. The state's main mountain ranges are composed of the Titiwangsa Mountains, Titiwangsa, Bintang Mountains, Bintang and Keledang Ranges, where all of them are part of the larger Tenasserim Hills system that co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Malaysian Navy
The Royal Malaysian Navy (RMN, ; Jawi alphabet, Jawi: ) is the naval arm of the Malaysian Armed Forces. RMN is the main agency responsible for the country's maritime surveillance and defence operations. RMN's area of operation consists of 603,210 square kilometers covering the country's coastal areas and Exclusive economic zone, Exclusive Economic Zones (EEZ). RMN also bears the responsibility of controlling the country's main Sea lines of communication, Sea Lines of Communications (SLOC) such as the Straits of Malacca and the Singapore Straits, Straits of Singapore and also monitors national interests in areas with overlapping claims such as in Spratly Islands, Spratly. History Straits Settlement Royal Naval Volunteer Reserve The Royal Malaysian Navy can trace its roots to the formation of the Straits Settlement Royal Naval Volunteer Reserve (SSRNVR) in Singapore on 27 April 1934 by the British Empire, British colonial government in Singapore. The SSRNVR was formed to assist th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PSC-Naval Dockyard
Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND), was a division of the Penang Shipbuilding and Construction Industries Bhd (PCSI), a Malaysian shipbuilding company based in Lumut, Perak, Malaysia. The company's primary role is to maintain the Royal Malaysian Navy (RMN) fleet. However, a management and financial crisis in 2005 result the Malaysian Government to enforced the PSC-ND to be taken over by Boustead Heavy Industries Corporation and renamed as Boustead Naval Shipyard Sdn Bhd. Background PSC - Naval Dockyard was born out of the Royal Malaysian Navy’s dockyard facilities which was to provide ship repairs and maintenance services. Under the corporatisation program advocated by the Malaysian Government, the dockyard was corporatised as Royal Malaysia Navy Dockyard, a wholly owned government company. It has modern facilities to meet the total maintenance requirements of the Royal Malaysian Navy fleet, from hull repairs to major overhauls and from rada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boustead Holdings
Boustead Holdings Berhad (BHB) () is a Malaysian corporation with over 16,000 employees across more than 90 listed and non-listed companies in Malaysia, Indonesia and the United Kingdom. It is an affiliate of the Malaysian Armed Forces, Malaysian military. BHB was founded in 1828 as ''Boustead & Co'' in Singapore in the Straits Settlements, Singapore by Edward Boustead, an English businessman. The company was incorporated in 1961, and is currently listed on the Bursa Malaysia, Kuala Lumpur stock exchanges. History In 1975, Boustead & Co split into four entities: Boustead Plc in London (which was later reorganized as Boustead & Co), Boustead Holdings Berhad (BHB) in Malaysia, Boustead Singapore, Boustead Singapore Limited, and Boustead China Co, Ltd. The major shareholder of BHB is Malaysian Armed Forces, Malaysian military pension fund statutory board – Armed Forces Fund Board. Organisation The Group’s business interests are focused in key sectors of the Malaysian economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boustead Heavy Industries Corporation
Boustead Heavy Industries Corporation Berhad, () often abbreviated as BHIC is a Malaysian industrial group specialised in defence, naval and commercial shipbuilding, ship repair, fabrication of offshore structures as well as maintenance, repair and overhaul of aircraft. The company is a public limited company and the largest shareholder is Armed Forces Fund Board, a government statutory body which provides retirement benefits and a savings scheme for officers of the Malaysian Armed Forces, with a 58.69% stake. The second largest shareholder is Retirement Fund (Incorporated), a company created by the Malaysian Government as an investment company, with a stake of 7.17%. History Boustead Heavy Industries Corporation (BHIC) was listed on Bursa Malaysia in 2007 and the parent company is Boustead Holdings. BHIC was known for its subsidiary Boustead Naval Shipyard (BNS) which is specialised in naval shipbuilding and ship repair. BNS now had taken over by Government and renamed as L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Malaysia)
The Ministry of Finance (; Jawi: ), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament. The Minister of Finance administers his functions through the Ministry of Finance and a range of other government agencies. Its headquarters is in Ministry of Finance Complex, Putrajaya. Duties and importance The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defense Companies Of Malaysia
Defense or defence may refer to: Tactical, martial, and political acts or groups * Defense (military), forces primarily intended for warfare * Civil defense, the organizing of civilians to deal with emergencies or enemy attacks * Defense industry, industry which manufactures and sells weapons and military technology * Self-defense, the use of force to defend oneself * Haganah (Hebrew for "The Defence"), a paramilitary organization in British Palestine * National security, security of a nation state, its citizens, economy, and institutions, as a duty of government ** Defence diplomacy, pursuit of foreign policy objectives through the peaceful employment of defence resources ** Ministry of defence or department of defense, a part of government which regulates the armed forces ** Defence minister, a cabinet position in charge of a ministry of defense * International security, measures taken by states and international organizations to ensure mutual survival and safety Sports * Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
