UPDATED 4.19PM | This was as Felda had set that any investment exceeding RM100 million must have the approval of the Felda board of directors.
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0This is because it would take 27 years to make a profit, testifies a witness.
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UPDATED 7.15PM | This includes an allocation to write off the interest accrued on loans taken by settlers.
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Former Felda director-general Hanapi Suhada was testifying in the third day of Isa Samad's corruption and CBT trial.
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Ex-Felda finance director testifies during second day of trial of former Felda chairperson Mohd Isa Samad.
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ISA SAMAD TRIAL | Witness says RM499.5m was as advance to FICSB through a loan Felda obtained from Maybank Islamic.
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ISA SAMAD TRIAL | Projects worth more than RM100m must have the approval of board of directors, court hears.
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Sultan Abdullah hopes the Felda concept can be expanded for Orang Asli, as well as the poor.
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No explanation was given on the two new lawyers representing the former Felda chairperson.
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Ex-Felda chair seeks to send representation letter to AGC regarding 10 charges of corruption and criminal breach of trust.
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Its CEO says land that hasn't generated value for 3 years will be used to plant fruits, among other plans.
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This follows a spell of heavy rain, prompting fears from residents that the relief could be temporary.
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UPDATED 9.50PM | No advance notice, no visit from MP or state reps, says resident.
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UPDATED 12PM | He says will leave it to the police to investigate the matter involving tycoon Koon Yew Yin.
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LETTER | Concessions must be made to benefit Felda and ultimately the settlers.
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Two videos have gone viral – one showing settlers 'jeering' at Azmin, another of them 'boycotting' PM.
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PM says Felda would embark on this model where the settlement is at least 404ha in size.
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The government's commitment to restore Felda can be seen through its new programmes, he says.
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He says ongoing transformation will not be productive if the settlers do not change their old mindset.
0The initiative is to help settlers generate more income and reduce reliance on oil palm.
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