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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.

Sold for: RM570,000 (about RM599psf) Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135) When: August 2019 Noteworthy: ● Freehold ● 2 bedrooms and 2 bathrooms ● Built-up: 952 sq ft ● Fully furnished with fridge, sofa, cabinets, TV, mattresses, air-conditioners, water heaters Read also DONE DEAL: Courtyard apartment, Adora, Desa ParkCity, KL DONE DEAL: 3-storey terraced house, Halamanda @ Gombak, Selangor Sitting on top of KSL City Mall in Johor Bahru and surrounded by ample amenities, including eateries, supermarket and bank, D’Esplanade Residence is accessible via Tebrau Highway and Jalan Tun Abdul Razak.

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 8): PRG Holdings Bhd, which is mainly involved in the manufacturing of webbings, furniture components, other fabric items, as well as the property sector, is now venturing into the timber export business as a means to diversify its revenue stream amidst an economic slowdown.

KUALA LUMPUR (Oct 8): The government will look into an opt-in and opt-out option for the targeted fuel subsidy.

KUALA LUMPUR (Oct 8): YTL Corp Bhd has secured 90.

KUALA LUMPUR (Oct 7): With talk of a revival of the Goods and Services Tax (GST) recently, ex-Deputy Minister of International Trade and Industry Datuk Seri Ahmad Maslan (pictured) has offered himself as a consultant, free of charge.

KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can consider private sector proposals to reduce highway tolls because the government is unable to eliminate these charges immediately due to the high expenses involved.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.