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No more fundraising for Boustead?

Felda to embark on group-wide structural reform

PETALING JAYA: The Federal Land Development Authority (Felda) will initiate group-wide structural reform to raise the level of professionalism based on the highest standards of corporate governance as part of the several short-term measures that have been identified to improve accountability and integrity within the government-linked company.

Weak management team caused Felda’s downfall

PETALING JAYA: The downfall of Felda, which is currently saddled with huge debts and in a critical financial situation, is attributable to its former weak management team and its non-profitable investments.

White paper reveals Felda made several bad investment decisions

PETALING JAYA: The Federal Land Development Authority (Felda) has made quite a number of bad investment decisions, according to the White Paper released by the Economic Affairs Ministry.

Govt to pump in RM6bil in stages to fix Felda

KUALA LUMPUR: Felda is to receive slightly more than RM6bil in stages from the government as it restructures its operations and strengthens governance in order to improve the fortunes of the agency and settlers.

Govt to provide RM6bil aid to Felda

KUALA LUMPUR: Felda is to receive slightly more than RM6bil in stages from the Government as it restructures its operations and strengthens its governance in order to improve the fortunes of the agency and its settlers.

Iris appoints new chairman and directors

PETALING JAYA: Iris Corp Bhd announced a slew of new directors into its board yesterday.

KL Vertical City project at standstill

THE development of the RM8.3bil Kuala Lumpur Vertical City (KLVC) project that is being built on the controversial piece of land owned by Felda has come to a standstill.

A reality check for Felda

BACK in 2012, the Federal Land Development Authority (Felda) gained a whopping RM5bil in gross proceeds from the listing of its then unit, Felda Global Ventures Holdings Bhd (which has since been renamed FGV Holdings Bhd) on Bursa Malaysia.

Felda needs external forensic audit, says Azmin

KUALA LUMPUR: Economic Affairs Minister Mohamed Azmin Ali told the Federal Land Development Authority (Felda), which is currently embroiled in a land deal scandal, that “it needs an external forensic audit to get the bottom of this”.