News about LTAT

KUALA LUMPUR (Oct 27): Five months have passed and the Armed Forces Fund Board (LTAT) is still making up its mind on the privatisation of its debt-laden flagship group, Boustead Holdings Bhd, since the army fund first expressed consideration for the corporate exercise.

KUALA LUMPUR (Aug 11): Boustead Holdings Bhd had in June file a suit here against its former chairman Tan Sri Mohd Ghazali Che Mat, its managing director Tan Sri Che Lodin Wok Kamaruddin, and four other directors for purported breach of fiduciary duty and is seeking jointly from them a sum of £6.

KUALA LUMPUR (Nov 4): Employers say they have been caught by surprise by the government’s recent announcement that the minimum wage in major cities will be raised to RM1,200 from RM1,100 currently, given that a revision was just made at the start of the year.

KUALA LUMPUR (Oct 24): Parliament’s special select committee on the consideration of bills will have four public consultation sessions on the Independent Police Complaints and Misconduct Commission (IPCMC).

PETALING JAYA (Oct 23): The Malaysian Employers Federation (MEF) said the government's move to increase the minimum wage in major cities took the organisation by surprise as there was no consultation with the relevant stakeholders.

KUALA LUMPUR (OCT 5): Years of paying more returns than it can afford has led the Armed Forces Fund (LTAT) to its worst dividends in 46 years - 2% for FY18.

KUALA LUMPUR (Oct 1): Defence Minister Mohamad Sabu has come out in defence of Lembaga Tabung Angkatan Tentera (LTAT) over its announcement yesterday of a record low dividend payout for 2018, saying LTAT had carried out its duty to generate sustainable returns for its members.

KUALA LUMPUR (Oct 1): The top management of Lembaga Tabung Angkatan Tentera (LTAT), which declared yesterday its lowest-ever annual dividend of 2% for 2018, does not believe there is any criminal element behind the financial irregularities that it found occurred under the leadership of Tan Sri Lodin Wok Kamaruddin.

KUALA LUMPUR (Sept 27): The findings of an investigative audit into Lembaga Tabung Angkatan Tentera (LTAT) unearthed significant financial irregularities and weaknesses that took place under the leadership of Tan Sri Lodin Wok Kamaruddin, who stepped down as its chief executive officer in September last year.

SERENDAH (Sept 3): The planned RM4.