Grant Rogan, CEO of the Blenheim Group, says that assertions made in an anonymous letter to CTO are ill-conceived and intended to cause mischief. The letter described the disposal of share capital in Blenheim Capital Services Ltd. (BCSL) to a Nigerian bank. Mr Rogan says that an agreement was reached concerning a joint venture with Heritage Bank to establish an offset programme for Nigeria.....
Avascent, the strategy and management consulting firm, suggests that political pushback against sharing labour on future programmes would put U.S. firms at a disadvantage in upcoming foreign deals. Current offset obligations could become a liability in the eyes of the White House.
The CEO of Malaysia’s Technology Depository Agency, Datuk Zailani Safari, said that his agency was optimistic that it would meet its projection for collaborative high-impact projects, especially for the commercial and defence sectors. Two local companies were summoned by a special committee for failing to implement the projects that had been planned.
Denel Land Systems’ contract to deliver turrets for Malaysia’s fleet of DefTech AV8 8x8 armoured fighting vehicles has been delayed by two years because of the country’s economic situation. The contract mandates industrial participation in Malaysia.
The British government has published a 132-page strategy green paper—a consultation document—titled ‘Building our Industrial Strategy.’ The green paper addresses the governments’ contracting approach after Brexit and makes clear that the UK will favour local firms. Currently, European Union public procurement rules outlaw “buy national” policies.