DCCI lauded for pivotal role in supporting members in business recovery theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
KUCHING, Aug 19 Premier Tan Sri Abang Johari Openg today said he has allocated RM35 million funds to Sarawak Land Consolidation and Rehabilitation Authority (Salcra) to produce.
From firefights to lucky escapes, Temenggong recalls Sarawak Rangers glory days theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
LAST Friday, market talk had it that the Federal Land Development Authority (FELDA) had secured the requisite funding to buy the stakes held by Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and Urusharta Jamaah Sdn Bhd (UJSB) in FGV Holdings Bhd.
The funding included the amount needed to buy up all the shares not under FELDA and parties acting in concert with it. Details of the funding, however, were unavailable but one source familiar with the matter said that FELDA obtained the loan as it had assets in the form of land.
“I would think it’s a club deal (a consortium of banks), no single financial institution would take up such a loan … or it (the privatisation) could be government funded,” one source says.