RTS to proceed, but will take some time: PM

KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will take some time”.

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Former FIC CEO denies implicating Isa Samad

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.

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FIC gets RM100m advance from Felda for Kuching hotel purchase

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.

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