Felda settlers to bear losses if sugar price remains low: Chairman
KUALA LUMPUR: The multifold increase in the price of raw sugar since 2020 has caused the actual price of sugar to far exceed the ceiling price set by the government at RM2.85 per kilogramme. Federal Land Development Board (Felda) chairman Datuk Seri Ahmad Shabery Cheek said if the situation continued and the price of sugar […]
Committee to look after Felda assets in Sarawak, says chairman
KUCHING: An action committee will be established between the Sarawak government and Federal Land Development Authority (Felda). Felda chairman Tan Sri Datuk Seri Idris Jusoh said the committee would determine matters, especially assets owned by Felda in Sarawak. Among Felda’s assets in Sarawak are Merdeka Palace Hotel and several farms in Samarahan, Miri, Limbang and […]
Inheritance issues among factors Felda settlers replanting individually
KUALA LUMPUR: Reluctance to share block income, inheritance issues, failure to agree on who should continue the replanting activities, and wanting to be independent are among the factors that prompted some Felda settlers to manage their farms and carry out replanting activities individually, the Dewan Rakyat was told. Minister in the Prime Minister’s Department (Economy) […]
Petronas delegation calls on Abang Johari
KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg received a courtesy call from a high-powered Petronas delegation led by its chairman Tan Sri Mohd Bakke Salleh at his office in Wisma Bapa Malaysia today (Oct 14). The visit by the Petronas chairman was his first since being appointed to succeed Tan Sri Ahmad Nizam […]
Felda acquires remaining 461,500 FGV shares from open market
KUALA LUMPUR: The Federal Land Development Authority (Felda) has acquired all the remaining 461,500 shares of FGV Holdings Bhd (excluding treasury shares) in the open market for RM1.30 per offer share. In a statement today, Maybank Investment Bank Bhd (Maybank IB), the principal adviser to Felda on its takeover offer for FGV shares, said the […]
Felda buys 10 mln more FGV shares from open market
KUALA LUMPUR: The Federal Land Development Authority (Felda) has bought 10 million more shares in FGV Holdings Bhd from the open market for RM13 million. In a filing with Bursa Malaysia today, FGV said the shares were purchased yesterday at RM1.30 per share. This raised the number of FGV shares acquired by Felda so far […]
