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Friday, June 21, 2019

Tag: FGV

New APs for sugar will create volatility in supply, price, warns...

The sugar producer says it has invested billions in the domestic market and is producing 2.25 million tonnes of sugar annually when domestic demand is only 1.6 million tonnes per annum.

FGV to focus more on downstream activities due to weak CPO...

The company recorded a profit before interest and tax of RM78 million in the first quarter of the year, a 19% decline compared with the previous corresponding period.

FGV winds up 2 of its companies

FGV has offered severance packages to a total of 135 employees from the two companies.

FGV, PLS Plantation mull JV to develop durian crops

This is part of FGV's strategy to make productive use of unplanted areas that are unsuitable for oil palm and to explore additional revenue streams.

FGV denies report of plans to lay off 6,000 workers

CEO Haris Fadzilah Hassan says FGV only plans to reduce 10% of the manpower cost per year.

Tunjuk mana berbilion-bilion duit Felda, kata Dr M

Perdana menteri mencelah ucapan Ahli Parlimen Pontian, yang mendakwa Felda meraih keuntungan sehingga RM1.5 bilion.

Felda seeks RM6 billion government bailout, says report

The request will be included in a white paper to be introduced in Parliament tomorrow.

Govt to table White Paper on Felda’s RM10 bil losses in...

It says it is likely to be tabled just before the month-long sitting of Parliament, which begins on Monday and ends on April 11.

Safeguard FGV interests, urges Najib

This follows the government's stand that it is considering a Felda proposal to take back more than 350,000ha of its land leased to FGV.

Kerajaan sedia timbang cadangan ambil alih aset Felda daripada FGV, kata...

Penasihat ANAK, Mazlan Aliman menyarankan Felda mengambil alih pajakan tanah 320,000 hektar serta 68 kilang daripada FGV bagi mengatasi masalah aliran tunai agensi itu.

Pegawai kanan FGV direman 5 hari

Sumber SPRM berkata, suspek itu direman bagi membantu siasatan berhubung dakwaan meminta suapan RM10,000.

Senior FGV officer remanded for 5 days

The 50-year-old suspect was nabbed at a restaurant in Kajang yesterday.

MACC detains FGV officer over RM10,000 bribe

The money was allegedly for the suspect to recommend extension of contract for a company carrying out international certification auditing of palm oil refineries under FGV.

SPRM tahan pegawai kanan FGV disyaki minta suapan RM10,000

Sumber berkata, suspek dipercayai menerima bayaran sebagai dorongan mengesyorkan lanjutan kontrak sebuah syarikat perkhidmatan kerja pengauditan persijilan antarabangsa untuk kilang sawit di bawah kelolaan FGV.

FGV posts RM1 bil loss in FY18 due to impairments, provisions

The plantation company had recorded a net profit of RM131 million in 2017.

FGV appoints Fadzilah Hassan as group CEO

He replaces Zakaria Arshad who resigned in September last year.

Court orders Isa to enter defence in suit over KL condo...

FGV is seeking RM7.69 mil compensation from the duo over the purchase of the luxury unit as well as abuse of company vehicle.

FGV appoints new chief financial officer

This follows a management shake-up that saw the departure of key executives last year.

Isa Samad and 8 ex-FGV staff told to enter defence over...

FGV Holdings last month filed a suit against Isa Samad and 13 other former directors and senior staff to reclaim RM514 million in losses from the acquisition of a plantation.

FGV to work with Chinese firm to turn empty fruit bunches...

MoU signed to explore feasibility of a joint venture to establish paper pulp production facilities using 3.47 million tonnes of EFB produced every year from FGV mills.

PKR told to pay Felda, FGV RM70,000 in damages over defamation

Lawyer Francis Pereira says the reduction in quantum from RM2 million follows the Court of Appeal's approval of a consent order.

Isa Samad, Emir face another suit from FGV, this time over...

Company claims units were bought at prices significantly above market value.

FGV bans recruitment of workers from external contractors

This follows findings by the Complaints Panel of the Roundtable on Sustainable Palm Oil (RSPO) that showed FGV needs to improve its employment processes.

FGV posts RM849 million loss amid fall in palm oil prices

The country's largest palm oil producer says revenue fell to RM3.19 billion.