PM questions potential rating downgrade

  KUALA LUMPUR (April 12): Prime Minister Tun Dr Mahathir Mohamad is puzzled with the potential downgrade of the country’s credit rating by rating agencies following the government’s decision to rescue the ailing Federal Land Development Authority (Felda) and Tabung Haji (TH).

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‘Forced to enter into one-sided deal’

  KUALA LUMPUR (April 10): Ahead of the tabling of the White Paper on the Federal Land Development Authority (Felda) in the Dewan Rakyat today, the agency lodged a police report, claiming it was cheated into signing a one-sided deal in its purchase of PT Eagle High Plantations Tbk (EHP) from Indonesia’s Rajawali Group.

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Felda paid a hefty premium for assets, says Azmin

KUALA LUMPUR (Nov 22): The Federal Land Development Authority (Felda) had overpaid for some of its assets, forking out “much higher than market price” for acquisitions, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.

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