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‘No report made on hotel purchase’

KUALA LUMPUR: No report was made to the authorities by the board of directors or the management of Felda Investment Corporation Sdn Bhd (FICSB), although the purchase of Merdeka Palace Hotel and Suites worth RM160mil in Kuching, Sarawak exceeded the mandate of RM100mil set by the Felda board of directors, the High Court heard.

MB: Allocation will bring in investors

KUANTAN: The RM69.5mil allocation to upgrade Kuantan Port by the East Coast Economic Region Development Council (ECERDC) will encourage more to invest in Pahang.