Latest news with #LTAT


New Straits Times
21-07-2025
- Business
- New Straits Times
Pharmaniaga shares soar past 45pc, volume hits two-year high
KUALA LUMPUR: Shares of Pharmaniaga Bhd soared more than 45 per cent in active trade, as buying momentum lifted trading volume to levels not seen in over two years. At 11.54am, the stock was up six sen or 38.71 per cent at 21.5 sen, with 51 million shares changing hands, its busiest day since April 20, 2023. It was the second most actively traded counter at the time. The stock opened 9.68 per cent higher at 17 sen and rose as much as 22.5 sen, up 45.16 per cent from its previous close of 15.5 sen. There have been no fresh corporate announcements aside from the renounceable rights issue of up to 3.52 billion shares announced earlier this month. On July 1, the counter went ex-rights, triggering a technical price adjustment from 23.5 sen on June 30 to 16 sen. Until today's rally, the stock had been trading between 14 sen and 16.5 sen. At 22 sen, it is now edging back toward its pre-rights issue level above 20 sen. Pharmaniaga, once weighed down by a RM552.3 million impairment from unsold Covid-19 vaccines, slipped into Practice Note 17 (PN17) status in February 2023. But the company has since returned to profitability in the financial year ended Dec 31, 2024 (FY24) and expects to stay in the black in FY25. The group is eyeing revenue of RM4 billion this year, up from RM3.8 billion in FY24, a level it last crossed in FY21. Its managing director Zulkifli Jafar has said the company aims to exit PN17 status by the end of this year or early 2026. Pharmaniaga is majority-owned by Boustead Holdings Bhd, which in turn is controlled by Lembaga Tabung Angkatan Tentera (LTAT). According to the latest annual report, LTAT holds a direct 44.47 per cent stake in the company.


The Star
18-06-2025
- Health
- The Star
Putrajaya night run raises money for warriors' fundraising campaign
The 'Larian Wira' fundraiser in Putrajaya, held at night for the first time, includes a 5km fun run. SOME 10,000 participants gathered at Dataran Wawasan in Putrajaya for Larian Wira 2025 – Night Run, organised by the Armed Forces Fund Board (LTAT). Themed Demi Wira Kami, the run was a tribute to the sacrifices of Malaysian Armed Forces (MAF) personnel and aimed to foster patriotism among Malaysians. Now in its third edition, the event was held at night for the first time and featured three distance categories – 5km fun run, 10km and 21.1km half marathon. This year's 5km Fun Run included 22 special needs children from The Incredible Warrior Club. A key focus of the night was the 'Tabung Pahlawan' fundraising campaign led by the Veterans' Affairs Department (JHEV). Funds collected will go towards supporting MAF veterans who are critically ill, physically challenged or elderly and living alone. LTAT chairman Jen (Rtd) Tan Sri Azizan Ariffin said the run was a symbol of unity and gratitude towards armed forces personnel. 'These are our true national heroes – serving to ensure the country's peace and sovereignty remain intact,' he said. 'This year, LTAT is honoured to collaborate with JHEV in further amplifying awareness of Tabung Pahlawan,' he added. LTAT chief executive Mohammad Ashraf Md Radzi said the strong turnout reflected public support for the Armed Forces. 'This event not only promotes a healthy lifestyle but also strengthens the bond between the people and those who serve to protect us,' he said. He added that LTAT was committed to making the run a meaningful platform to reinforce ties between the public and the MAF while nurturing national pride. The evening also featured a zumba workout session by the Badan Kesenian Tentera Udara, a haka performance by Universiti Kebangsaan Malaysia's reserve officer training unit and a drumline show by the Armed Forces. Tuanku Mizan Armed Forces Hospital offered rehabilitation services to the public while the MAF held a military exhibition.


New Straits Times
03-06-2025
- Business
- New Straits Times
Three senior board members exit Boustead Heavy Industries in governance shake-up
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has announced the resignation of three senior board members, marking a fresh round of leadership changes amid broader restructuring at the group level. According to filings with Bursa Malaysia, the departures involve Dr Salihin Abang, Izaddeen Daud and Saadatul Nafisah Bashir Ahmad, all of whom held multiple roles on the board. Dr Salihin stepped down as an independent non-executive director and relinquished his positions on the audit and risk committees. Saadatul vacated her seat on the board as well as the audit and nomination and remuneration committees. Izaddeen, a non-independent non-executive director, also resigned from the board. No reasons were given for the resignations and replacements have yet to be announced. The exits come as BHIC's parent company, Boustead Holdings Bhd, and its major shareholder, the Armed Forces Fund Board (LTAT), move forward with a broad restructuring agenda. Izaddeen was appointed group chief executive officer (GCEO) of Boustead Holdings in November 2022. BHIC's latest annual report indicates that he still holds the position, although Boustead Holdings' official website currently does not list a GCEO among its leadership team. In February, the government launched a new reform blueprint dubbed Project Earth, aimed at improving operational efficiency and productivity across LTAT and its portfolio of companies, including Boustead and BHIC. Project Earth replaces the earlier Project Moonshot, which was suspended in 2023 amid concerns over LTAT's financial stability. The previous plan sought to pare down Boustead's RM3.4 billion debt and divest its stake in six key subsidiaries.


The Sun
01-06-2025
- Sport
- The Sun
Over 10,000 join LTAT night run in Putrajaya
PUTRAJAYA: Over 10,000 participants gathered at Dataran Wawasan here last night for the Larian Wira LTAT 2025 - Night Run, organised by the Armed Forces Fund Board (LTAT) to honour the service and sacrifices of Malaysian Armed Forces (MAF) personnel. Held for the first time at night, the event featured three race categories, namely 5km (Fun Run), 10km, and 21.1km (Half Marathon) - under the theme 'Demi Wira Kami'. This year's edition also drew attention with the participation of 22 children with special needs from the Incredible Warrior Club in the 5km Fun Run segment. The run was also held in support of the Tabung Pahlawan Campaign, organised by the Veteran Affairs Department, to raise funds for veterans in need, including those who are ailing, disabled, and elderly individuals living alone. LTAT chief executive officer Mohammad Ashraf Md Radzi said the event not only aimed to recognise the contributions of MAF personnel, but also served as a platform to bring them closer to the public. 'One of the most effective ways to bridge the gap between the military and the public is through events like this. It creates space for interaction and fosters greater appreciation for the sacrifices made by our armed forces,' he told reporters at the event. Mohammad Ashraf said while more than 10,000 participants registered officially, many others joined as walk-ins or ran unregistered alongside family members, bringing the estimated total turnout to between 11,000 and 12,000 people. Meanwhile, Deputy Chief of Army Lt Gen Datuk Tengku Muhammad Fauzi Tengku Ibrahim, who is also an LTAT board member, said the event is part of ongoing efforts to promote a healthy lifestyle among Malaysians. 'On behalf of the MAF, I wish to thank LTAT for organising this event. Furthermore, 1,000 complimentary slots were provided to MAF personnel - a gesture of meaningful support,' he said. He added that various branches of the MAF also enlivened the event through exhibitions and outreach efforts, particularly to raise awareness among youths on career opportunities in the regular and reserve forces. 'The MAF is not only the nation's bastion of defence, but society also plays a vital role. That is why we emphasise the concept of comprehensive defence, which involves all layers of the community,' he said.


New Straits Times
01-06-2025
- Sport
- New Straits Times
Over 10,000 join LTAT night run
PUTRAJAYA: Over 10,000 participants gathered at Dataran Wawasan here last night for the Larian Wira LTAT 2025 - Night Run, organised by the Armed Forces Fund Board (LTAT) to honour the service and sacrifices of Malaysian Armed Forces (MAF) personnel. Held for the first time at night, the event featured three race categories, namely, 5km (Fun Run), 10km, and 21.1km (Half Marathon) - under the theme "Demi Wira Kami". This year's edition also drew attention with the participation of 22 children with special needs from the Incredible Warrior Club in the 5km Fun Run segment. The run was also held in support of the Tabung Pahlawan Campaign, organised by the Veteran Affairs Department, to raise funds for veterans in need, including those who are ailing, disabled, and elderly individuals living alone. LTAT chief executive officer Mohammad Ashraf Md Radzi said the event not only aimed to recognise the contributions of MAF personnel, but also served as a platform to bring them closer to the public. "One of the most effective ways to bridge the gap between the military and the public is through events like this. "It creates space for interaction and fosters greater appreciation for the sacrifices made by our armed forces," he told reporters at the event. Mohammad Ashraf said while more than 10,000 participants registered officially, many others joined as walk-ins or ran unregistered alongside family members, bringing the estimated total turnout to between 11,000 and 12,000 people. Meanwhile, Deputy Chief of Army Lt Gen Datuk Tengku Muhammad Fauzi Tengku Ibrahim, who is also an LTAT board member, said the event is part of ongoing efforts to promote a healthy lifestyle among Malaysians. "On behalf of the MAF, I wish to thank LTAT for organising this event. "Furthermore, 1,000 complimentary slots were provided to MAF personnel - a gesture of meaningful support," he said. He said various branches of the MAF also enlivened the event through exhibitions and outreach efforts, particularly to raise awareness among youths on career opportunities in the regular and reserve forces. "The MAF is not only the nation's bastion of defence, but society also plays a vital role. "That is why we emphasise the concept of comprehensive defence, which involves all layers of the community," he said. – Bernama