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The Armed Forces Fund Board (LTAT) has consistently reported a deficit in its reserves since 2020, according to the Auditor General's Report on Federal Agencies for 2022.
Nobody is indispensable. Not even the director-general of Tourism Malaysia or the chief executive of Lembaga Tabung Angkatan Tentera (LTAT). But when they leave their positions — whether upon demotion or abrupt resignation — it suggests that something is amiss.
On this score, two minist...
The restructuring plan of the Armed Forces Fund Board (LTAT), which involves plans to restructure the business model and shareholdings in several strategic companies, needs to be managed more carefully and meticulously, said Defence Minister Datuk Seri Mohamed Khaled Nordin.
IN a few months, MKH Bhd will float the plantation assets under its wholly-owned MKH Oil Palm (East Kalimantan) Bhd (MKHOP) on Bursa Malaysia’s Main Market, in a move to tap growth opportunities near the new Indonesian capital Nusantara. The group’s existing (held via wholly-owned subsidary PT M...
THE immediate resignation of Lembaga Tabung Angkatan Tentera (LTAT) CEO Datuk Ahmad Nazim Abd Rahman from the armed forces fund was brought about by a letter from Minister of Defence Datuk Seri Mohamed Khaled Nordin dated Dec 15, 2023 — merely three days after he was appointed to head the ministr...
KUALA LUMPUR: A poser over 'retire or resign" has cropped up following the departure of General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor as chairman of Lembaga Tabung Angkatan Tentera (LTAT).LTAT on Thursday announced that Raja Mohamed Affandi ...
General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor has come out to clarify that he resigned, and not retired, from his post as chairman of the Armed Forces Fund Board (LTAT) as announced by the fund on Thursday (Feb 8).
The Armed Forces Fund Board (LTAT) reassured the public that the discussions with relevant stakeholders on the restructuring of debt-laden Boustead Holdings Bhd are continuing.
THE Sarawak State Financial Secretary is understood to be close to concluding a memorandum of understanding (MoU) which will lead to a deal to acquire an additional stake in Affin Bank Bhd from Lembaga Tabung Angkatan Tentera (LTAT).
At present, Sarawak has a 4.95% stake in the bank. Th...
IN late August this year, when The Edge met armed forces fund Lembaga Tabung Angkatan Tentera (LTAT) CEO Datuk Ahmad Nazim Abdul Rahman, he was in high spirits, and understandably so.
LTAT, which has some RM11 billion in assets under management, and its flagship Boustead Holdings Bhd (B...
Ongoing restructuring of LTAT and Boustead hogs the limelight
Throughout the year, the armed forces fund, or Lembaga Tabung Angkatan Tentera (LTAT), and its flagship Boustead Holdings Bhd (Boustead) hogged the limelight, with the restructuring...