Felda's director-general said Felda was directed by Datuk Seri Najib Razak, to take up a 37% stake in EHP, which had total debts of US$547.4 million in 2014 and its liabilities stood at US$676.9 million in 2016.

Wing, the drone company, says that drone deliveries reduce traffic and pollution and are quick — being completed in six-10 minutes.

Yesterday evening a police report was lodged claiming that Felda was cheated into entering into a "one-sided" deal for the sale and purchase of Eagle High Plantations TBK (EHP) owned by the Rajawali Group two years ago.

The bonus that the top executive received was RM616,000, some ten times the amount from two years prior.

“We are ready in terms of technical readiness as we have invested a lot of money over the years in terms of equipment and also for air traffic control readiness,” said Loke.

Property developer Tiger Synergy Bhd executive chairman Datuk Tan Wei Lian sent out notices to Seacera on March 28 to have an EGM held on April 29, proposing the removal of two Seacera directors, to be replaced by himself and four others.

Khalid also said any redevelopment in Malaysia requires 100% agreement from existing owners. "In other countries, properties that are less than 10 years old only require 90% agreement, and those above 10 years only require 80% agreement, so the new law will address all these issues," he said.

Over 2,000 residential units including about 600 affordable homes are estimated to be a part of the project, located on a dead-end plot with only one road out. 

“The report is unsubstantiated as the Penang State Government has yet to obtain the approvals."

The cost settled on will reportedly result in the 688-km long ECRL costing between RM34.4bil and RM41.3bil.