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FGV, TH mull up to US$1bil asset sale

Kuala Lumpur: Palm oil giant FGV Holdings Bhd and the pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their financial position, according to sources.

FGV, Lembaga Tabung Haji mull up to US$1bil Indonesia sale

KUALA LUMPUR (Bloomberg): Palm oil giant FGV Holdings Bhd and the Malaysian pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their financial position, people with knowledge of the matter said.

Project needs more push

PETALING JAYA: The revival of Bandar Malaysia needs other catalysts to give it traction and to set it apart from other ongoing urban developments, according to a property consultant.

The ‘Tiger Woods’ act is not for Malaysia

A month before the one-year anniversary of Pakatan Harapan’s ruling the government, Malaysia has earned the accolades of being a “boring” and under-performing stock market. The ringgit, which is the thermometer to gauge the economy, has weakened after the initial euphoria of appreciating as high as RM4 against the US dollar.

Moody’s views aid to Felda as credit negative

PETALING JAYA: Moody’s Investors Service views the government’s financial aid of RM6.2bil (US$1.5bil or 0.4% of gross domestic product or GDP) to the Federal Land Development Authority (Felda) as credit negative.