Felda to regain ownership of Jalan Semarak plotsFEDERAL Land Development Authority (Felda) is back in the spotlight this week. The Felda board also believes that FIC should stop the hotel business in London and “the message has been given to FIC dispose them”. According to Shahrir, Felda has put in a lot of money in FIC investments. “By right, the FIC investments should be generating returns for Felda and not requiring Felda to fund them. Hence, FIC will need to restructure its assets portfolio whereby its non-core assets will be sold.

Source: The Star December 22, 2017 23:37 UTC