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PETALING JAYA: Apart from a forensic audit, the Federal Land Development Authority (Felda) is undertaking a review of its role as the guardian of the settlers, following cashflow problems faced by the agency. It is learnt that Felda has to go to the government to get financial resources to undertake programmes such as providing the settlers with short-term loans and infrastructure in its schemes.
KUALA LUMPUR: Petra Perdana Bhd's efforts to secure RM116mil to help ease its tight cash situation was delayed following the court injunction to stop it from selling its remaining 29.59% stake in associate firm, Petra Energy Bhd (PEB).
KUALA LUMPUR: Press Metal Bhd subsidiary's purchase of 50% stake in Japan Alumina Associates (Australia) or JAA for A$250mil (RM739mil) is based on cash flow generation and net assets.