News about Felda

KUALA LUMPUR (Nov 27): Former company director Ikhwan Zaidel yesterday denied lying to the court over the alleged payment of a RM3.

KUALA LUMPUR (Nov 8): Five former FGV Holdings Bhd (FGV) directors today failed in their counter-claim against the company over a suit that was filed against them and nine others, over the questionable acquisition of Asian Plantation Limited (APL).

KUALA LUMPUR (Oct 17): Felda Investment Corp Sdn Bhd (FIC) ex-chief executive officer (CEO) Mohd Zaid Abdul Jalil (pictured) denied at the High Court here today that he had during his remand in August 2017, implicated former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad over criminal breach of trust and graft charges.

KUALA LUMPUR (Oct 16): The High Court here was told that former prime minister Datuk Seri Najib Razak asked Felda Investment Corp Sdn Bhd (FIC) to reconsider the purchase of the Merdeka Palace Hotel & Suites in Kuching, Sarawak, after FIC rejected the proposal twice, because the asset was overpriced.

Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme.

RM70 million allocation for housing for new generation of FELDA settlers

KUALA LUMPUR (Oct 9): Former Federal Land Development Authority (Felda) director-general Datuk Hanapi Suhada appeared to give conflicting testimony today on the question of whether or not approval was given by the Felda board for Felda Investment Corporation Sdn Bhd (FIC) to purchase Merdeka Palace Hotel and Suites in Kuching for RM160 million.

KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.

KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.

KUALA LUMPUR (Oct 2): The hearing for property developer Synergy Promenade Sdn Bhd's RM100 million defamation suit against former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad will start in March next year.