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FGV posts RM1bil net loss in FY18 due to impairments, provisions

KUALA LUMPUR: FGV Holdings Bhd posted net losses of RM1.08bil in the financial year ended Dec 31, 2018 as it was impacted by impairments and provisions of RM1bil.


FGV unit starts arbitration against Twin Wealth

KUALA LUMPUR: FGV Holdings Bhd’s unit (FGVH), FGV Trading Sdn Bhd, has commenced arbitration proceedings under the auspices of the Palm Oil Refiners Association of Malaysia (Poram) against Macau-based Twin Wealth Macao Commercial Offshore Ltd relating to a US$14.62mil (RM60.83mil) sales contract.


Azmin and Abu Kassim turn up for surprise meeting with CEP

KUALA LUMPUR: Two unexpected personalities have shown up at Menara Ilham to meet with the Council of Eminent Persons (CEP).


CEP meets ex-MACC boss Abu Kassim, Azmin Ali, TM chairman and FGV top brass

KUALA LUMPUR: Former Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Abu Kassim Mohammed has met with the Council of Eminent Persons.

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Felda Global Ventures Holdings

FGVH is seeing a year-end change to its fortunes.


FGV continues to turn around as earnings pick up

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGVH) posted net profit of RM38.77mil in the third quarter ended Sept 30, 2017 – continuing its turnaound to profitability after losses the previous year ago.


Acting chairman Sulaiman dissuades FGV directors from resigning

KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) acting chairman Tan Sri Dr Sulaiman Mahbob has personally requested all its board members, including two who wanted to resign, to stay on.


FGV Q3 net loss widens to RM94.86mil

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGVH) loss attributable to shareholders for the third quarter of financial year 2016 widened to RM94.86mil, driven by a 57.7% lower profits registered by all five segments of FGVH.


Three IS members among five nabbed in raid

KUALA LUMPUR: The intensified crackdown on Islamic State (IS) terror links here is continuing to yield results, with three of its members caught in the widened dragnet.


Five terror suspects including ex-Felda officer arrested

KUALA LUMPUR: Three suspected Islamic State (IS) militants were detained as the authorities began a crackdown of their activities in Johor and Selangor.