FGV has RM350mil non-core assets for sale

15 Jan 2019 - The Star Online
PETALING JAYA: FGV Holdings Bhd has identified RM350mil worth of non-core assets for sale as part of its ongoing transformation plan and pledged to plug leaks that would save the company RM150mil this year. In his letter to shareholders, the plantation giant’s chairman Datuk Wira Azhar Abdul Hamid said ...
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FGV sinks 2.8% after plan with Sabah Forestry Department is aborted

2 Jan 2019 - The Star Online
KUALA LUMPUR: Shares of FGV Holdings Bhd fell 2.8% after it aborted plan to collaborate with the Sabah Forestry Department. The plantation group shed 2.8%, or two sen to 69.5 sen with 3.3 million shares done. FGV has aborted its plan to collaborate with the Sabah Forestry Department to explore the rehabilitation ...
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Felda: We have already acted on many MACC suggestions

21 Dec 2018 - The Star Online
KUALA LUMPUR: The Federal Land Development Authority (Felda) received a visit from the Malaysian Anti-Corruption Commission (MACC) on Tuesday following the latter’s review of Felda’s previous Project Caviartive. This was part of MACC’s efforts to help government agencies to heighten governance and management ...
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Finance Ministry's RM77m fund to help Felda settlers

20 Dec 2018 - The Star Online
KUALA LUMPUR: The Finance Ministry has set up a fund with an allocation of RM77mil to help the Federal Land Development Authority (Felda) settlers settle their outstanding payments. Finance Minister Lim Guan Eng said on Thursday the ministry took a serious view of the cashflow problems of the settlers ...
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MACC provides review report on Felda's shelved fish farming venture

20 Dec 2018 - The Star Online
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) made a visit to the Federal Land Development Authority (Felda) on Tuesday to provide a review report on the shelved fish farming. Felda said on Thursday the MACC's visit was to review the “project caviartive” as part of the anti-graft agency's ...
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FGV enters MoU with CMEC to set up paper pulp business

18 Dec 2018 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd (FGV) is exploring a venture into the paper pulp market, using palm oil wastes. The group, in a filing to the stock exchange on Tuesday, said it had inked an MoU with Hong Kong-listed China Machinery Engineering Corporation (CMEC) with the aim of setting up a joint venture ...
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Felda transformation project focuses on settlers' land inheritance

18 Dec 2018 - The Star Online
KUALA LUMPUR: Federal Land Development Authority's (Felda) transformation project has identified 31 strategic initiatives including addressing settlers’ land inheritance issue. Felda said on Tuesday that 30% of 112,635 settler families are facing inheritance issue while another 58% would face similar ...
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FGV's strategic transformation plan for 2019 and beyond

17 Dec 2018 - The Star Online
PETALING JAYA: FGV Holdings Bhd aims to implement a strategic business transformation plan for 2019 and beyond. Chairman and interim CEO Datuk Wira Azhar Abdul Hamid said: “This is the first time that the FGV has compiled a comprehensive transformation plan, which emphasised on good corporate governance ...
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Tabling of Felda White Paper postponed

10 Dec 2018 - The Star Online
KUALA LUMPUR: The tabling of the White Paper on the Federal Land Development Authority (Felda) has been postponed to next year due to certain legal issues needed to be resolved first. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the Cabinet had agreed the tabling of the White Paper, which ...
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Felda begins selling non-core assets to resolve liabilities

6 Dec 2018 - The Star Online
KUALA LUMPUR: The Federal Land Development Authority (Felda), which is currently embroiled in allegations of mismanagement and mounting debts, has commenced the sales of non-strategic assets to accommodate its liabilities, says Chairman Tan Sri Megat Zaharuddin Megat Mohd Nor. “We have started the process ...
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