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News in brief

News briefs on: Leader Steel, Hwang-DBS, MTD Capital, SEG International, Berjaya Group and Setegap.


Avenue Capital still hopes for Felda deal

AVENUE Capital Resources Bhd has not given up hope of underwriting the flotation of Federal Agriculture and Land Development Authority Bhd (Felda), which has been put on hold by the Government, group managing director Tengku Zafrul Aziz told I>StarBiz/Iafter the company AGM's in Kuala Lumpur yesterday.


Bakun Dam project to be revived

THE Bakun Dam will be revived and completely owned by the Government, said Deputy Prime Minister Datuk Seri Najib Tun Razak.---------------------------------------------


Felda signs RD accord

FEDERAL Land Development Authority (Felda) is investing RM3mil over three years on joint research and development aimed at maximising the commercial potential of oil palm waste and palm oil effluent (POME).


Puri to develop industrial park near M’sia-Thai border

A company owned by former Renong Bhd executive chairman Tan Sri Halim Saad will develop a RM250mil industrial park at Pengkalan Hulu near the Malaysia-Thai border.


Felda finds three new growth areas

THE Felda group has identified integrated farming, timber production and commercialised tree planting as three new growth areas into which it is venturing as part of its efforts to maximise the use of its vast plantation assets in the country.


Extra money for settlers in OPF fibre feed

OIL palm fronds (OPF) fibre feed has the potential to be a RM10bil industry and can help provide additional income of between RM150 and RM250 per month to Felda settlers.


Plantation firms swing into action

MAJOR corporate activities undertaken by public-listed plantation companies appear to be in full swing and progressing well this year, with the exception of Kumpulan Guthrie Bhd's stalled merger plan.


Felda aims to be major player in herbs market

FEDERAL Development Authority (Felda), through its unit Felda Herbal Corp Sdn Bhd, plans to become a major player in the local herbs market.


Cautious start for plantation stocks

Plantation stocks would likely kick off on a cautious note in the New Year amid crude palm oil (CPO) prices coming down from their highs, and a bumper soybean harvest in the United States on the back of high stocks and increasing output by global producers.