Boustead sees benefit in maritime allocation

Boustead Holdings Bhd hopes to benefit from the RM3bn allocation in soft loans under the Maritime Development Fund announced under Budget 2014 last Friday, said group managing director Tan Sri Lodin Wok Kamaruddin. "We are very much involved in ship building, we hope in some way to get a slice of that allocation in the budget," Lodin said. He added that the group could also benefit from the proposal in the budget to extend the pioneer status for hotels for another three years until December 2016. (Financial Daily)